NOT LISTED FOR SALE

5204 Commonwealth Rd Palmetto, FL 34221

Estimated Value: $659,000 - $889,000

3 Beds
2 Baths
1,656 Sq Ft
$450/Sq Ft Est. Value

Last Sold February 18, 2021

Last sale price $650,000 $393 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $4,578/month

11 Days on Market

Highlights

  • Water Views
  • Ranch Style House
  • Great Room
  • Open Floorplan
  • Sun or Florida Room
  • Skylights

About This Home

As of February 2021

ABSOLUTELY STUNNING WATERFRONT HOME IN BAY COLONY!!! Be prepared to be "wowed" when you look at this 3 bedroom, 2 bathroom, 2 car garage home located on the Grand Canal with wide water views. This home has been completely redone and is almost like purchasing a new waterfront home for a fraction of the price! Literally just about everything has been updated for even the most discerning buyers. The current owners spared no expense improving this property over the last few years and the list of upgrades is long...New PGT impact windows throughout, new hurricane rated garage door, new 400 sqft addition including master bedroom and bathroom, new plumbing, new electric, new A/C, new water heater, new wood plank tile throughout house, completely remodeled kitchen, new whole house water purification system with reverse osmosis, new exterior and interior paint, new light fixtures, and new custom made Hunter Douglas blinds. The list goes on and on but you simply wont find another home that has been this cared for by owners! The open floor plan makes for easy living with the views focused out the back on the water. The kitchen is the focal point of the living space with gorgeous cabinetry, butcher block counters and island, and new appliances including GE convection cooktop, GE Profile Refrigerator and Bosch dishwasher. The real magic of this property happens when you open the back door though! Literally one of the coolest backyard set ups you will ever see...a 40x18 tiki hut with built in bar and grill featuring tons of seating, paver bricks, and backyard firepit! You have to see it to truly appreciate. Owners have also recently updated seawall cap and have installed zero-scape native landscaping to the entire property. The dock was also just redone featuring trex decking and a 7,500 lb boat lift w/ remote and full boat canopy. Very hard to find deep sailboat water with no bridges to the bay or gulf. Easy access to Terra Ceia bay, Tampa Bay and the Gulf of Mexico. When they talk about living the "Florida Dream" I'm pretty positive this house is exactly what they had in mind!

Last Agent to Sell the Property

Jay Travis

RE/MAX ALLIANCE GROUP License #0678507 Listed on: 01/05/2021

RE/MAX ALLIANCE GROUP

Last Buyer's Agent

Doug Wood

SMITH & ASSOCIATES REAL ESTATE License #3105979

SMITH & ASSOCIATES REAL ESTATE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,075

Year Built

  • Built in 1963

Lot Details

  • 9,104 Sq Ft Lot
  • Property fronts a saltwater canal
  • West Facing Home
  • Property is zoned RSF4.5/CH

HOA Fees

  • $4 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Ranch Style House
  • Slab Foundation
  • Shingle Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,656 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • Skylights
  • Blinds
  • Great Room
  • Sun or Florida Room
  • Ceramic Tile Flooring
  • Water Views

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Outdoor Features

  • Outdoor Storage
  • Outdoor Grill
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Water Filtration System
  • Electric Water Heater
  • Water Purifier
  • Cable TV Available

Community Details

  • Palmetto Skyway Community

Listing and Financial Details

  • Tax Lot 135
  • Assessor Parcel Number 2221600006

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,075

Year Built

Built in 1963

Lot Details

0

HOA Fees

$4 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Water Extras: Bridges - No Fixed Bridges, Dock - Slip Deeded On-Site, Dock w/Electric, Lift, Sailboat Water, Seawall - Concrete
  • Water View: Yes
  • Construction Materials: Block, Stucco
  • Living Area: 1656.00
  • Homestead: Yes
  • Lot Size Acres: 0.21
  • Year Built: 1963
  • Building Area Total: 2197.00
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4487504?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4487504?w=Customer
  • Lot Size Sq Ft: 9104
  • Building Search Sq Meters: 204.11
  • Down Payment Resource Assistance: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4487504?w=PubMLS
  • Tax Year: 2020
  • Special Features: None

Interior Features

  • Room Count: 3
  • Living Area Units: Square Feet
  • Additional Rooms: Florida Room, Great Room
  • Flooring: Ceramic Tile
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Master Bedroom Downstairs, Open Floorplan, Skylight(s), Walk-In Closet(s)
  • Appliances Included: Dishwasher, Electric Water Heater, Range, Refrigerator, Water Filtration System, Water Purifier
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Window Features: Blinds
  • Living Area Meters: 153.85

Exterior Features

  • Direction Faces: West
  • Water Extras: Yes
  • Waterfront Feet Salt Water Canal: 78
  • Water Access: Bay/Harbor, Canal - Saltwater, Gulf/Ocean
  • Exterior Features: Outdoor Grill, Rain Gutters, Storage
  • Roof: Shingle
  • Water View: Canal
  • Flood Zone Code: AE
  • Water Access: Yes
  • View: Water
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Garage Door Opener

Utilities

  • Utilities: Cable Connected, Electricity Connected, Public, Sprinkler Meter
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • S W Subdiv Community Name: Palmetto Skyway
  • Monthly HOA Fees: 4.17
  • Association Fee: 50.00
  • Association Fee Frequency: Annually
  • Association Fee Requirement: Optional
  • Association: Yes

Fee Information

  • Waterfront Frontage: 78
  • Total Annual Fees: 50.00
  • Total Monthly Fees: 4.17

Lot Info

  • Total Acreage: 0 to less than 1/4
  • Zoning: RSF4.5/CH
  • Parcel Number: 2221600006
  • Lot Features: In County
  • Lot Size Square Meters: 846

Rental Info

  • Minimum Lease: No Minimum
  • Additional Lease Restrictions: Check with County for all restrictions
  • Pets Allowed: Yes

Tax Info

  • Tax Annual Amount: 3075.00
  • Tax Book Number: 12-15
  • Tax Lot: 135

Multi Family

  • Waterfront Features: Canal - Saltwater

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 5, 2021
Closed on
Feb 18, 2021
Sold by
Shultes Brian F and Shultes Karen V
Bought by
Watson Joseph Anthony and Watson Chris Nabors
Seller's Agent
Jay Travis
RE/MAX ALLIANCE GROUP
Buyer's Agent
Doug Wood
SMITH & ASSOCIATES REAL ESTATE
List Price
$699,000
Sold Price
$650,000
Premium/Discount to List
-$49,000
-7.01%
Current Estimated Value
$745,624

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$95,624
Avg. Annual Appreciation
2.98%
Original Mortgage
$520,000
Outstanding Balance
$464,680
Interest Rate
2.65%
Mortgage Type
New Conventional
Estimated Equity
$280,944

Purchase Details

Closed on
Aug 7, 2015
Sold by
Kramer Lynne
Bought by
Shultes Brian F and Shultes Karen V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,400
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 8, 2013
Closed on
Jan 14, 2014
Sold by
Goldman Thomas W and Goldman Jolaine C
Bought by
Kramer Lynne
List Price
$307,000
Sold Price
$260,000
Premium/Discount to List
-$47,000
-15.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.36%

Purchase Details

Closed on
Sep 19, 2008
Sold by
Aurora Loan Services Llc
Bought by
Goldman Thomas W and Goldman Jolaine C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
6.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 26, 2008
Sold by
Yarabek John A and Gambina Deborah
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Oct 31, 2005
Sold by
Cotterill Eileen L and Cotterill Gerald J
Bought by
Yarabek John A and Gambina Deborah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$448,000
Interest Rate
7.5%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Watson Joseph Anthony $650,000 Alliance Group Title Llc
Shultes Brian F $278,000 Integrity Title Services Inc
Kramer Lynne $260,000 Wr Title Services Llc
Goldman Thomas W $275,000 Watson Title Ins Agency Inc
Aurora Loan Services Llc -- Attorney
Aurora Loan Services Llc -- Attorney
Yarabek John A $560,000 Able Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Watson Joseph Anthony $520,000
Previous Owner Shultes Brian F $222,400
Previous Owner Goldman Thomas W $220,000
Previous Owner Yarabek John A $448,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/18/2021 02/18/21 Sold $650,000 -7.0% $393 / Sq Ft
01/16/2021 01/16/21 Pending -- -- --
01/05/2021 01/05/21 For Sale $699,000 +168.8% $422 / Sq Ft
01/15/2014 01/15/14 Sold $260,000 -9.6% $204 / Sq Ft View Prior Sale
11/19/2013 11/19/13 Pending -- -- --
09/30/2013 09/30/13 Price Changed $287,500 -3.0% $225 / Sq Ft
09/17/2013 09/17/13 Price Changed $296,500 -3.4% $233 / Sq Ft
09/08/2013 09/08/13 For Sale $307,000 -- $241 / Sq Ft
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,954 $646,302 -- --
2024 $7,954 $614,659 -- --
2023 $7,884 $596,756 $229,500 $367,256
2022 $3,941 $606,251 $225,000 $381,251
2021 $3,783 $298,322 $0 $0
2020 $3,075 $237,003 $0 $0
2019 $3,025 $231,674 $0 $0
2018 $2,996 $227,354 $0 $0
2017 $2,774 $222,678 $0 $0
2016 $2,767 $218,098 $0 $0
2015 $3,097 $212,098 $0 $0
2014 $3,097 $197,185 $0 $0
2013 $2,905 $181,883 $107,750 $74,133
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4487504

Stellar MLS

APN: 22216-0000-6