NOT LISTED FOR SALE

5781 SW Markel St Palm City, FL 34990

Estimated Value: $489,647 - $582,000

5 Acres
$107,165 Price per Acre
217,800 Sq Ft Lot

Last Sold May 23, 2017

Last sale price $275,000

Est. 95% increase in value since last sale

Current estimated payment $3,338/month

38 Days on Market

Highlights

  • Boarding Facilities
  • 5 Acre Lot
  • Fenced Yard
  • South Fork High School Rated A-
  • No HOA
  • Pasture

About This Lot

As of May 2017

5 Acres - Palm City Farms - Paved road - A2 Zoned/AG Ranchette Landuse. Property has: Electric, Well/Pump with water softening system, Septic, Small utility bldg. (houses the pump equipment and an old washer/dryer), 20x50 enclosed storage barn with newer metal roof currently being used as storage has built in chain link dog kennels (this bldg. could easily be converted into a 3 stall barn (12x12's) with tack/feed and an 8' wide aisleway OR 4 stall barn (10x10's). Concrete RV parking pad with electric/water, Fenced, Cross fencing, Established grass pastures in areas, Small pond (was stocked at one time) 12x12 screened hot tub/patio room, Roughly 3/4 of the property is clear/navigable, beautiful, mature oak trees abound. HIGH & DRY - No county marked wetlands on aerial overlay. If you've been waiting for that perfect piece of property to build your home or Equestrian facility, this is it!

Last Agent to Sell the Property

Chrisoula C Troukis PA

RE/MAX of Stuart - Palm City License #3292649 Listed on: 03/17/2017

RE/MAX of Stuart - Palm City

Last Buyer's Agent

Reid Lenit

Keller Williams of the Treasure Coast License #542981

Keller Williams of the Treasure Coast

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,383

Lot Details

  • 5 Acre Lot
  • Property fronts a county road
  • Fenced Yard
  • Natural Drainage

Farming

  • Pasture

Horse Facilities and Amenities

  • Tack Room
  • Hay Storage
  • Riding Trail

Utilities

  • Well
  • Septic Tank

Community Details

Overview

  • No Home Owners Association

Recreation

  • Boarding Facilities

Property Details

Property Type

Land

Est. Annual Taxes

$1,383

Lot Details

0

Listing Details

  • Directions: Citrus Blvd. South to Markel Street, turn right, property is on right approx. 1/2 mile, address on mailbox, sign.
  • Lot Size Acres: 5.0
  • Property Attached Yn: No
  • Property Sub Type: Detached
  • Property Sub Type Additional: Detached,Single Family Residence
  • Prop. Type: Land
  • Road Frontage Type: County Road
  • Road Surface Type: Paved
  • Subdivision Name: Palm City Farms
  • Ownership: Fee Simple
  • Special Features: None

Exterior Features

  • Disclosures: None
  • Fencing: Fenced
  • Lot Features: Drainage, Pasture
  • Other Structures: Utility Building(s)
  • Waterfront: No

Utilities

  • Sewer: Septic Tank
  • Utilities: Electricity Available, Water Available, Water Connected, Septic Available
  • Water Source: Well

Condo/Co-op/Association

  • Association: No

Fee Information

  • Association Fee Includes: None

Lot Info

  • Current Use: Agricultural
  • Horse Amenities: Boarding Facilities, Hay Storage, Other, Pasture, Riding Trail, See Remarks, Tack Room
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1383.23
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 22, 2017
Sold by
Rice Craig D
Bought by
5781 Sw Market Street Llc
Current Estimated Value
$535,824

Purchase Details

Listed on
Mar 17, 2017
Closed on
May 23, 2017
Sold by
Jarvis Martin T and Powers Jarvis Robin S
Bought by
Rice Craig D
Seller's Agent
Chrisoula C Troukis PA
RE/MAX of Stuart - Palm City
Buyer's Agent
Reid Lenit
Keller Williams of the Treasure Coast
List Price
$285,000
Sold Price
$275,000
Premium/Discount to List
-$10,000
-3.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.24%
Original Mortgage
$175,000
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 13, 2000
Sold by
Traylor Edward M and Traylor Renate I
Bought by
Jarvis Martin T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,400
Interest Rate
8.11%

Purchase Details

Closed on
Jun 1, 1985
Bought by
Jarvis Martin T

Purchase Details

Closed on
Jan 1, 1901
Bought by
Jarvis Martin T
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
5781 Sw Market Street Llc $275,000 Attorney
Rice Craig D $275,000 Fidelity Natl Title Of Fl
Jarvis Martin T $96,000 --
Jarvis Martin T $85,000 --
Jarvis Martin T $85,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rice Craig D $175,000
Previous Owner Jarvis Martin T $86,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/23/2017 05/23/17 Sold $275,000 -3.5% --
04/23/2017 04/23/17 Pending -- -- --
03/16/2017 03/16/17 For Sale $285,000 -- --
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 $6,061 $365,860 -- --
2024 $5,617 $332,600 -- --
2023 $5,617 $302,364 $0 $0
2022 $5,124 $274,877 $0 $0
2021 $4,854 $249,889 $0 $0
2020 $4,375 $241,950 $230,000 $11,950
2019 $3,964 $206,520 $195,000 $11,520
2018 $3,855 $201,800 $190,000 $11,800
2017 $1,145 $108,099 $0 $0
2016 $1,426 $105,876 $0 $0
2015 $1,350 $105,140 $0 $0
2014 $1,350 $104,306 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Chrisoula C Troukis PA

    Seller's Agent in 2017

    Chrisoula C Troukis PA

    RE/MAX

    (772) 284-9576

    4 in this area

    34 Total Sales

    Chrisoula C Troukis PA
    Section Image

  • R

    Buyer's Agent in 2017

    Reid Lenit

    Keller Williams of the Treasure Coast

    Section Image
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Map

Source: Martin County REALTORS® of the Treasure Coast

MLS Number: M20004240

Martin County REALTORS® of the Treasure Coast

APN: 34-38-40-000-058-00010-1

Florida Martin County Palm City 34990

5781 SW Markel St, Palm City, FL

This home is located at 5781 SW Markel St, Palm City, FL 34990 since 17 March 2017 and is currently estimated at $535,824. 5781 SW Markel St is a home located in Martin County with nearby schools including Crystal Lake Elementary School, Dr. David L. Anderson Middle School, and South Fork 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.

Martin County REALTORS® of the Treasure Coast All listings featuring the MCRTC logo are provided by Martin County REALTORS® of the Treasure Coast, Inc. Multiple Listing Service. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Martin County REALTORS® of the Treasure Coast, 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.

Listing broker has attempted to offer accurate data, but buyers are advised to confirm all information.

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