NOT LISTED FOR SALE

5325 SW Ludlum St Palm City, FL 34990

Estimated Value: $918,414

3 Beds
4 Baths
1,920 Sq Ft
$478/Sq Ft Est. Value

Last Sold July 26, 2019

Last sale price $505,000 $263 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $5,458/month

34 Days on Market

Highlights

  • In Ground Pool
  • Views of Trees
  • Colonial Architecture
  • South Fork High School Rated A-
  • 5 Acre Lot
  • Wood Flooring

About This Home

As of July 2019

Enjoy privacy, peace & quiet of Palm City Farms on 5 acres with a lovely white colonial style home with front porch balcony. Living room features wood-burning fireplace, and along with the dining room, has wood floors and glass French doors to covered + screened porch with view of the swimming pool area. Kitchen flows off the dining room and has stainless steel appliances, including gas stove and double oven. One bedroom on the first floor (11x11). Master bedroom features wood floors, en suite bathroom, and glass French doors to private covered balcony. Second bedroom on second floor is spacious with hallway bathroom. Attached to the rear of the 2-car garage is a bonus room that can be: 4th bedroom, game room, office, etc. Has full bath (serves as cabana bath), walk-in closet, and wall unit A/C. Continue on to find lots more storage and workshop space. Access to Comcast internet & cable, A/C units (2) 2017, water heater 2018, water softener tank 2015, Hardiplank Siding 2005.

Last Agent to Sell the Property

Christine Bearse

Harbour Ridge Realty Inc License #3115417 Listed on: 05/24/2019

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,265

Year Built

  • Built in 1983

Lot Details

  • 5 Acre Lot
  • Lot Dimensions are 660x330
  • Dirt Road
  • South Facing Home

Property Views

  • Trees
  • Pool

Home Design

  • Colonial Architecture
  • Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,920 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Wood Burning Fireplace
  • Formal Dining Room

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Upstairs
  • 4 Full Bathrooms
  • Dual Sinks
  • Separate Shower

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Pool

  • In Ground Pool
  • Fiberglass Pool

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Schools

  • Crystal Lake Elementary School
  • David L. Anderson Middle School
  • South Fork High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Well
  • Water Heater
  • Water Softener
  • Septic Tank
  • Cable TV Available

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,265

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Architectural Style: Colonial
  • Directions: Martin Hwy (West), Left on 48th Ave, Right on Ludlum. House on the right.
  • Garage Yn: Yes
  • Lot Size Acres: 5.0
  • Lot Size: 660x330
  • Property Attached Yn: No
  • Property Sub Type: Detached
  • Property Sub Type Additional: Detached,Single Family Residence
  • Prop. Type: Residential
  • Road Surface Type: Dirt
  • Building Stories: 2
  • Subdivision Name: Palm City Farms
  • Year Built: 1983
  • Ownership: Fee Simple
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Some Electric Appliances, Dryer, Dishwasher, Gas Range, Microwave, Refrigerator, Water Softener, Water Heater, Washer
  • Full Bathrooms: 4
  • Possible Bedrooms: 4
  • Total Bedrooms: 3
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Flooring: Carpet, Laminate, Tile, Wood
  • Furnished: Unfurnished
  • Interior Amenities: Separate/Formal Dining Room, Dual Sinks, Double Vanity, Separate Shower, Upper Level Master
  • Living Area: 1920.0
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Fiber Cement, Frame
  • Direction Faces: South
  • Disclosures: None
  • Exterior Features: Balcony, Patio
  • Patio And Porch Features: Balcony, Covered, Patio
  • Pool Features: Fiberglass, In Ground
  • Pool Private: Yes
  • Roof: Composition, Shingle
  • View: Pool, Trees/Woods
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2.0
  • Parking Features: Attached, Garage, Garage Door Opener
  • Total Parking Spaces: 2.0

Utilities

  • Cooling: Central Air, Ceiling Fan(s), Electric, Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Security: None
  • Sewer: Septic Tank
  • Utilities: Cable Available, Electricity Available, Sewer Available, Sewer Connected, Septic Available, Water Available, Water Connected
  • Water Source: Well

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: Yes
  • Senior Community: No

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Crystal Lake
  • High School: South Fork
  • Middle Or Junior School: David L. Anderson

Lot Info

  • Zoning Description: A-2
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 6265.0
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2019
Closed on
Jul 26, 2019
Sold by
Funk Genevieve Sarah and Knotek Dustin Michael
Bought by
King Frederick W and King Birgit L
Seller's Agent
Christine Bearse
Harbour Ridge Realty Inc
List Price
$524,900
Sold Price
$505,000
Premium/Discount to List
-$19,900
-3.79%
Current Estimated Value
$918,414

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$413,414
Avg. Annual Appreciation
10.06%
Original Mortgage
$404,000
Outstanding Balance
$354,554
Interest Rate
3.8%
Mortgage Type
New Conventional
Estimated Equity
$563,860

Purchase Details

Closed on
May 8, 2000
Sold by
Funk Genevieve S
Bought by
Funk Russell S

Purchase Details

Closed on
Jun 4, 1997
Sold by
Benzinger Norman W and Benzinger Barbara M
Bought by
Funk Genevieve S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
8.13%

Purchase Details

Closed on
Feb 1, 1980
Bought by
Funk Russell S
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
King Frederick W $505,000 Attorney
Funk Russell S $15,500 --
Funk Genevieve S $202,500 --
Funk Russell S $24,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open King Frederick W $404,000
Previous Owner Funk Genevieve S $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/26/2019 07/26/19 Sold $505,000 -3.8% $263 / Sq Ft
06/26/2019 06/26/19 Pending -- -- --
05/23/2019 05/23/19 For Sale $524,900 -- $273 / Sq Ft
Source: Martin County REALTORS® of the Treasure Coast

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 $7,244 $468,183 -- --
2024 $6,574 $454,989 -- --
2023 $6,574 $409,555 $0 $0
2022 $5,599 $353,057 $0 $0
2021 $5,615 $342,774 $0 $0
2020 $5,503 $338,042 $0 $0
2019 $5,701 $345,421 $0 $0
2018 $6,265 $338,980 $190,000 $148,980
2017 $3,561 $251,172 $0 $0
2016 $3,808 $246,028 $0 $0
2015 -- $244,325 $0 $0
2014 -- $242,395 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Martin County REALTORS® of the Treasure Coast

MLS Number: M20018135

Martin County REALTORS® of the Treasure Coast

APN: 03-39-40-000-045-00000-3