NOT LISTED FOR SALE

5283 SE Fairlane Ave Stuart, FL 34997

South Stuart Neighborhood

Estimated Value: $311,437 - $377,000

2 Beds
1 Bath
1,345 Sq Ft
$254/Sq Ft Est. Value

Last Sold August 14, 2020

Last sale price $220,000 $164 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $2,140/month

60 Days on Market

Highlights

  • Patio
  • Shed
  • Awning
  • Martin County High School Rated A-
  • Clay Flooring
  • Central Heating and Cooling System

About This Home

As of August 2020

INCOME PRODUCING PROPERTY- Discover this Solid CBS income producing property centrally located in Stuart. One side is a 2 bedroom 1 bath that offers tile throughout main areas and bedrooms. Kitchen has SS appliances and this unit has a large screened patio as well. The other side is a efficiency apartment with tile throughout it offers a living room /bedroom, small kitchen, bath and inside utility/storage room. This property has a metal roof, large shed and has more than ample parking for all. Property is located on a quiet, dead end street. Property is Close to shopping, restaurants and Interstate.

Last Agent to Sell the Property

Craig Wallengren

HW Real Estate Inc License #3015703 Listed on: 05/15/2020

Last Buyer's Agent

Craig Wallengren

HW Real Estate Inc License #3015703 Listed on: 05/15/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,104

Year Built

  • Built in 1968

Lot Details

  • 9,016 Sq Ft Lot

Home Design

  • Duplex
  • Metal Roof

Interior Spaces

  • 1,345 Sq Ft Home
  • 1-Story Property
  • Awning
  • Clay Flooring

Outdoor Features

  • Patio
  • Shed

Utilities

  • Central Heating and Cooling System
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 553841016070000806

Community Details

Overview

  • 2 Units
  • Lester Subdivision

Building Details

  • Operating Expense $3,819
  • Net Operating Income $14,181

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,104

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: US 1 to west on Salerno road, north on Fairlane
  • Year Built: 1968
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Clay
  • Living Area: 1345.0

Exterior Features

  • Exterior Features: Patio, Shed, Awning(s)
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Other Structures: Shed(s)
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Metal

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Cable Available, Electricity Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 553841016070000806
  • Lot Size Sq Ft: 9016.0
  • Zoning Description: res
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Water

Multi Family

  • Property Net Operating Income: 14181.0
  • Number Of Units Total: 2
  • Annual Operating Expense: 3819.0

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 2104.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2020
Closed on
Aug 14, 2020
Sold by
R P M O Properties Ii Llc
Bought by
Perez Selvin B Lainez
Seller's Agent
Craig Wallengren
HW Real Estate Inc
Buyer's Agent
Craig Wallengren
HW Real Estate Inc
List Price
$239,900
Sold Price
$220,000
Premium/Discount to List
-$19,900
-8.3%
Current Estimated Value
$341,609

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$121,609
Avg. Annual Appreciation
9.65%
Original Mortgage
$216,015
Outstanding Balance
$192,481
Interest Rate
3%
Mortgage Type
FHA
Estimated Equity
$160,380

Purchase Details

Closed on
Jul 19, 2017
Sold by
Soubasis James and Soubasis Mary M
Bought by
R P M O Properties Ii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,600
Interest Rate
3.89%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 2, 2006
Sold by
Staudohar George T and Staudohar Helen K
Bought by
Soubasis James and Soubasis Mary M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,800
Interest Rate
1.4%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Apr 3, 2003
Sold by
Dowell Robert W and Dowell Esther L
Bought by
Staudohar George T and Staudohar Helen K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,000
Interest Rate
5.62%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 29, 1976
Bought by
Soubasis James and Soubasis Mary M
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
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
Perez Selvin B Lainez $220,000 Attorney
R P M O Properties Ii Llc $157,000 None Available
Soubasis James $179,000 Attorney
Staudohar George T $60,000 --
Soubasis James -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Perez Selvin B Lainez $216,015
Previous Owner R P M O Properties Ii Llc $125,600
Previous Owner Staudohar George T $58,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2020 08/14/20 Sold $220,000 -8.3% $164 / Sq Ft
07/15/2020 07/15/20 Pending -- -- --
05/15/2020 05/15/20 For Sale $239,900 -- $178 / Sq Ft
Source: BeachesMLS

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 $3,937 $228,710 $103,500 $125,210
2024 $3,696 $205,838 -- --
2023 $3,696 $187,126 $0 $0
2022 $3,379 $170,115 $0 $0
2021 $3,066 $154,650 $90,000 $64,650
2020 $2,198 $107,930 $57,380 $50,550
2019 $2,104 $104,550 $54,000 $50,550
2018 $1,900 $90,860 $54,000 $36,860
2017 $1,124 $78,170 $54,000 $24,170
2016 $1,260 $59,270 $35,100 $24,170
2015 $1,271 $49,230 $35,100 $14,130
2014 $1,271 $59,880 $41,400 $18,480
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2020

    Craig Wallengren

    HW Real Estate Inc

    (772) 370-7593

    35 Total Sales

    Craig Wallengren
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Map

Source: BeachesMLS

MLS Number: R10623036

BeachesMLS

APN: 55-38-41-016-070-00080-6

Florida Martin County Stuart 34997 South Stuart

5283 SE Fairlane Ave, Stuart, FL

This home is located at 5283 SE Fairlane Ave, Stuart, FL 34997 since 15 May 2020 and is currently estimated at $341,609, approximately $253 per square foot. This property was built in 1968. 5283 SE Fairlane Ave is a home located in Martin County with nearby schools including Pinewood Elementary School, Dr. David L. Anderson Middle School, and Martin County High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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