NOT LISTED FOR SALE

540 SW Salerno Rd Stuart, FL 34997

South Stuart Neighborhood

Estimated Value: $975,000 - $1,466,000

6 Beds
5 Baths
3,066 Sq Ft
$377/Sq Ft Est. Value

Last Sold December 22, 2021

Last sale price $800,000 $261 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $7,562/month

159 Days on Market

Highlights

  • Property has ocean access
  • Private Dock
  • Home fronts navigable water
  • Martin County High School Rated A-
  • Boating
  • River View

About This Home

As of December 2021

ONE OF A KIND! A FIND!! Exclusive point property! Over 1/2 acre with amazing waterfront. Huge majestic oak trees and expansive river views. Dock your boat on the 40 foot dock and head out to the ocean! There is plenty of room and privacy in this expansive home. a total of 6 bedrooms, 5 full bathrooms and two master suites. The unique design has a full separate living wing which was built in the early 2000's and is divided by two separate attached garages. One is an over sized two car with super high ceilings. The community also provides an area to store your boat, trailer or camper. This is a very convenient location being just minutes to I-95 and down the street from grocery, shops and more. All sizes and measurements approximate. actual water frontage feet is an estimate & may be less.

Last Agent to Sell the Property

Alan Jaffe

Coldwell Banker Realty License #0628580 Listed on: 06/15/2021

Coldwell Banker Realty

Last Buyer's Agent

TEMP USER

MIAMI ASSOCIATION OF REALTORS® License #SEF

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,385

Year Built

  • Built in 1969

Lot Details

  • 0.58 Acre Lot
  • 525 Ft Wide Lot
  • Home fronts navigable water
  • Waterfront Tip Lot
  • North Facing Home
  • Property is zoned R-2

HOA Fees

  • $100 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Driveway
  • Open Parking

Property Views

  • River
  • Canal

Home Design

  • Ranch Style House
  • Split Level Home
  • Flat Tile Roof

Interior Spaces

  • 3,066 Sq Ft Home
  • Central Vacuum
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Family or Dining Combination
  • Pull Down Stairs to Attic
  • Clear Impact Glass

Kitchen

  • Built-In Oven
  • Dishwasher
  • Snack Bar or Counter

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Split Bedroom Floorplan
  • Stacked Bedrooms
  • Walk-In Closet
  • Two Primary Bathrooms
  • 5 Full Bathrooms
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Property has ocean access
  • Seawall
  • Private Dock
  • Patio
  • Porch

Utilities

  • Central Heating and Cooling System
  • Gas Tank Leased
  • Water Softener is Owned

Listing and Financial Details

  • Assessor Parcel Number 553841012000000807

Community Details

Overview

  • St Lucie Settlement Unrec Subdivision
  • Mandatory home owners association
  • The community has rules related to building or community restrictions

Recreation

  • Boating

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,385

Year Built

Built in 1969

Lot Details

0

HOA Fees

$100 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Year Built: 1969
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, Ranch, Split Level
  • Directions: Salerno Rd west to fork in the road and then take a left to the end.
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Private Dock, Private Dock
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: ST LUCIE SETTLEMENT UNREC
  • Year Built Details: Unknown
  • MIAMIRE_PoolYN: No
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Other Equipment/Appliances, Refrigerator, Wall Oven, Washer, Water Softener Owned
  • Interior Amenities: Pantry, Pull Down Stairs, Skylight, Split Bedroom, Stacked Bedroom, Vaulted Ceiling(s), Walk-In Closet(s), Family Room
  • Full Bathrooms: 5
  • Total Bedrooms: 6
  • Flooring: Carpet, Tile
  • Furnished: Unfurnished
  • Living Area: 3066
  • Other Equipment: Central Vacuum, Gas Tank Leased
  • Possible Use: Unknown/Withheld
  • Window Features: Clear Impact Glass, Skylight
  • Bedroom Features: Other
  • Dining Room Features: Family/Dining Combination, Snack Bar/Counter
  • Living Room Features: Family Room
  • Master Bathroom Features: 2 Master Bathrooms, Dual Sinks, Separate Tub & Shower

Exterior Features

  • Roof: Flat Tile
  • View: Canal, River
  • Construction Type: Other
  • Direction Faces: North
  • Lot Features: 1/2 To Less Than 3/4 Acre Lot
  • Patio And Porch Features: Open Porch, Patio, Screened Porch
  • Pool Private: No
  • View: Yes
  • Waterfront Features: WF/Ocean Access, Navigable Water, Ocean Access, Point Lot, Seawall
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: ST LUCIE SETTLEMENT UNREC
  • Covered Parking Spaces: 3
  • Garage Spaces: 3
  • Open Parking: Yes
  • Parking Features: Covered, Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 100
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Community Features: Boating, Mandatory Hoa, Private Roads, Subdivision Restrictions
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Lot Info

  • Parcel Number: 553841012000000807
  • Lot Size Sq Ft: 25351
  • Zoning: R-2
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 7385

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2021
Closed on
Dec 22, 2021
Sold by
Gembala Kenneth F and Gembaia Brigitte
Bought by
Butler Robert P and Butler Lan L
Seller's Agent
Alan Jaffe
Coldwell Banker Realty
Buyer's Agent
TEMP USER
MIAMI ASSOCIATION OF REALTORS®
List Price
$1,195,000
Sold Price
$800,000
Premium/Discount to List
-$395,000
-33.05%
Current Estimated Value
$1,157,377

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$357,377
Avg. Annual Appreciation
9.43%
Original Mortgage
$560,000
Outstanding Balance
$514,150
Interest Rate
2.98%
Mortgage Type
New Conventional
Estimated Equity
$643,227

Purchase Details

Closed on
Jun 4, 2014
Sold by
Gembala Kenneth Francis Tr
Bought by
Gembala Brigitte Franziska Tr

Purchase Details

Closed on
Dec 24, 2013
Sold by
Gembala Kenneth P and Gembala Brigitte F
Bought by
Gembala Kenneth Francis and Gembala Brigitte Franziska

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$938,250
Interest Rate
2.36%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Jun 15, 2012
Sold by
Gembala Kenneth F and Gembala Brigitte F
Bought by
Gembala Kenneth Francis
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

Date Buyer Sale Price Title Company
Butler Robert P $800,000 Counselors Title
Gembala Brigitte Franziska Tr $100 --
Gembala Kenneth Francis -- Attorney
Gembala Kenneth Francis -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Butler Robert P $560,000
Previous Owner Gembala Kenneth Francis $938,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/22/2021 12/22/21 Sold $800,000 -4.8% $261 / Sq Ft
11/20/2021 11/20/21 Pending -- -- --
09/14/2021 09/14/21 Price Changed $839,900 -4.0% $274 / Sq Ft
08/10/2021 08/10/21 Price Changed $874,900 -11.2% $285 / Sq Ft
07/16/2021 07/16/21 Price Changed $985,000 -17.6% $321 / Sq Ft
06/14/2021 06/14/21 For Sale $1,195,000 -- $390 / Sq Ft
Source: MIAMI REALTORS® 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 $17,419 $1,062,217 -- --
2024 $15,961 $965,652 -- --
2023 $15,961 $877,866 $0 $0
2022 $13,684 $798,060 $497,350 $300,710
2021 $15,802 $888,530 $648,000 $240,530
2020 $7,385 $445,397 $0 $0
2019 $7,299 $435,382 $0 $0
2018 $7,077 $427,263 $0 $0
2017 $6,352 $418,475 $0 $0
2016 $6,585 $409,868 $0 $0
2015 $6,291 $407,019 $0 $0
2014 $6,291 $405,269 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Alan Jaffe

    Seller's Agent in 2021

    Alan Jaffe

    Coldwell Banker Realty

    (772) 708-8104

    4 in this area

    64 Total Sales

    Alan Jaffe
    Section Image

  • T

    Buyer's Agent in 2021

    TEMP USER

    MIAMI ASSOCIATION OF REALTORS®

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11055127

MIAMI REALTORS® MLS

APN: 55-38-41-012-000-00080-7

Florida Martin County Stuart 34997 South Stuart

540 SW Salerno Rd, Stuart, FL

Not Listed for Sale

Detached

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