NOT LISTED FOR SALE

5283 SE Fairlane Ave Stuart, FL 34997

South Stuart Neighborhood

Estimated Value: $317,950 - $361,000

2 Beds
2 Baths
1,345 Sq Ft
$256/Sq Ft Est. Value

Sale Details

Date Sold: August 14, 2020

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

Est. 56% increase in value since last sale

Current estimated payment $2,152 / mo

55 Days on Market

Highlights

  • Outdoor Living Area
  • No HOA
  • Patio
  • Martin County High School Rated A-
  • Screened Porch
  • Shed

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

  • 2 Bathrooms
  • 1,345 Sq Ft Home
  • 1-Story Property
  • Screened Porch
  • Clay Flooring

Laundry

  • Laundry Located Outside
  • Washer and Dryer Hookup

Outdoor Features

  • Patio
  • Outdoor Living Area
  • Shed
  • Awning

Utilities

  • Central Heating and Cooling System
  • Three-Phase Power
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, water
  • Assessor Parcel Number 553841016070000806

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Lester Subdivision

Building Details

  • Gross Income $18,000
  • Net Operating Income $14,181

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,104

Year Built

Built in 1968

Lot Details

9,016 Sq Ft Lot

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
  • New Construction: No
  • Building Stories: 1
  • DelayedMarketingYN: No
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Clay
  • Living Area: 1345.0

Exterior Features

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

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup, Outside
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Electric: 3 Phase
  • Sewer: Septic Tank
  • Utilities: Cable Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Amenities: None
  • Association: No

Lot Info

  • Parcel #: 553841016070000806
  • Lot Size Acres: 0.21
  • Mobile Dim Units: Feet
  • Zoning: res

Rental Info

  • Tenant Pays: Cable TV, Electricity, Water

Multi Family

  • Property Net Operating Income: 14181.0
  • Number Of Units Total: 4
  • Annual Gross Income: 18000.0

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 2103.87

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2020
Closed on
Aug 14, 2020
Sold by
Bought by
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
$343,738

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$123,738
Avg. Annual Appreciation
8.01%
Original Mortgage
$216,015
Outstanding Balance
$189,451
Interest Rate
3%
Mortgage Type
FHA
Estimated Equity
$154,287

Purchase Details

Closed on
Jul 19, 2017
Sold by
Bought by

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
Bought by

Purchase Details

Closed on
Apr 3, 2003
Sold by
Bought by

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
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$220,000 Attorney
$157,000 None Available
$179,000 Attorney
$60,000 --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $216,015
Previous Owner $125,600
Previous Owner $58,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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 (Greater Fort Lauderdale)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

    39 Total Sales

    Craig Wallengren
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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10623036

BeachesMLS (Greater Fort Lauderdale)

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

Florida Martin County Stuart 34997 South Stuart

5283 SE Fairlane Ave, Stuart, FL

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 (Greater Fort Lauderdale) All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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