NOT LISTED FOR SALE

Estimated Value: $340,000 - $741,000

0.34 Acre
$1,679,971 Price per Acre
14,810 Sq Ft Lot

Last Sold March 14, 2012

Last sale price $200,000

Est. 186% increase in value since last sale

Current estimated payment $3,544/month

893 Days on Market

Highlights

  • Water access To Gulf or Ocean
  • Home fronts a lagoon or estuary
  • Gated Community
  • Fitness Center
  • Partial Gulf or Ocean Views
  • Community Pool

About This Lot

As of March 2012

Better than Gulf front. This homesite is located in a private enclave of single family homes, separate and distinct from the other properties of Palm Island. Directly on scenic Rum Cove a sheltered cove ideal for personal recreation. Community includes private heated swimming pool and lighted tennis court. Over an acre allows you the privacy that you deserve on a true Island - SPECIAL OFFERING from seller, 10% cash down with signing of contract for deed. Fifteen year amortization with seven-year ball oon payment, 6 percent interest. If you have been considering building a single family home this is the perfect time to buy.FULL PRICE OFFER INCLUDES a boat slip through a 99 year lease program. Call today for details.

Last Agent to Sell the Property

Penny Hazen

PALM ISLAND PROPERTIES INC License #407634 Listed on: 04/02/2009

Last Buyer's Agent

Penny Hazen

PALM ISLAND PROPERTIES INC License #407634 Listed on: 04/02/2009

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,295

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 118x246x120x245
  • Home fronts a lagoon or estuary
  • West Facing Home
  • Property is zoned RSF3.5

HOA Fees

  • $42 Monthly HOA Fees

Schools

  • Vineland Elementary School
  • L.A. Ainger Middle School
  • Lemon Bay High School

Additional Features

  • Partial Bay or Harbor Views
  • In Flood Plain

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 412019277009

Community Details

Overview

  • Rum Cove Estates Community
  • Rum Cove Ests Subdivision
  • The community has rules related to deed restrictions

Recreation

  • Tennis Courts
  • Fitness Center
  • Community Pool
  • Water access To Gulf or Ocean
  • Deeded access to the beach
  • First Come-First Served Dock

Security

  • Security Service
  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$4,295

Lot Details

0

HOA Fees

$42 per month

Listing Details

  • Property Type: Land
  • Lot Size Acres: 0.34
  • Lot Size Sq Ft: 14810
  • Directions to Property: South on SR 775 (Placida Road) right on Panama Blvd to car ferry.
  • Status: Sold
  • List Office Head Office Key Nume: 1050025
  • RATIO Current Price By Calculate: 13.50
  • Total Acreage: 1/4 to less than 1/2
  • Water Access YN: 1
  • Tax Year: 2011
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Street Number Modifier: 6100

Exterior Features

  • Direction Faces: West
  • Home Warranty: No
  • View: Water
  • Water Body Name: Rum Cove
  • Waterfront: Yes
  • Water Access: Beach - Access Deeded,Gulf/Ocean
  • Water Extras: Dock - Slip 1st Come
  • Water Extras YN: 1
  • Water View: Gulf/Ocean - Partial
  • Water View YN: 1
  • Price Per Acre: 588235

Condo/Co-op/Association

  • Community Features: Deed Restrictions, Fitness Center, Gated, Pool, Tennis Courts, Water Access, Waterfront Complex
  • Association Amenities: Fitness Center, Gated, Pool, Security, Tennis Court(s)
  • Association Fee: 126
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • Security: Gated Community
  • Association Fee Requirement: Required

Fee Information

  • Total Annual Fees: 504.00
  • Total Monthly Fees: 42.00

Schools

  • Elementary School: Vineland Elementary
  • High School: Lemon Bay High
  • Middle Or Junior School: L.A. Ainger Middle

Lot Info

  • Zoning: RSF3.5
  • Parcel Number: 412019277009
  • Additional Parcels: No
  • Current Use: Residential
  • Lot Features: Flood Plain/Bottom Land
  • Lot Dimensions: 118x246x120x245
  • Zoning Compatible YN: 1
  • State Land Use Code: 0
  • State Property Use Code: 0

Rental Info

  • Pets Allowed: Yes
  • Expected Lease Date: 2012-03-14T00:00:00.000

Tax Info

  • Tax Annual Amount: 4295
  • Tax Lot: 1

Multi Family

  • Waterfront Features: Lagoon

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 8, 2024
Sold by
Joachim Jeremy
Bought by
Joachim Noah
Current Estimated Value
$571,190

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,814
Outstanding Balance
$30,071
Interest Rate
6.61%
Mortgage Type
Balloon
Estimated Equity
$454,875

Purchase Details

Closed on
Jun 14, 2019
Sold by
Theresa And Joseph Vaughn Revocable Tr
Bought by
Joachim Jeremy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
10%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 15, 2014
Sold by
Vaughn Joseph and Vaughn Theresa
Bought by
Joseph & Theresa Vaughn Revocable Trust

Purchase Details

Listed on
Apr 2, 2009
Closed on
Mar 14, 2012
Sold by
Beckstead Sanae
Bought by
Vaughn Joseph and Vaughn Theresa
Seller's Agent
Penny Hazen
PALM ISLAND PROPERTIES INC
Buyer's Agent
Penny Hazen
PALM ISLAND PROPERTIES INC
List Price
$350,000
Sold Price
$200,000
Premium/Discount to List
-$150,000
-42.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.77%
Original Mortgage
$180,000
Interest Rate
6%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 12, 2010
Sold by
West Terry
Bought by
Beckstead Sanae

Purchase Details

Closed on
Dec 26, 2008
Sold by
Useppa Inn & Dock Do Ltd
Bought by
West Terry

Purchase Details

Closed on
Apr 18, 2000
Sold by
Gulfront Partners Ltd
Bought by
Useppa Inn & Dock Co Ltd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
8.27%
Source: Public Records

Range of Values:

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Average Value
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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
Joachim Noah $37,900 None Listed On Document
Joachim Jeremy $200,000 Attorney
Joseph & Theresa Vaughn Revocable Trust -- Attorney
Vaughn Joseph $200,000 None Available
Beckstead Sanae -- None Available
West Terry $275,000 Attorney
Useppa Inn & Dock Co Ltd $80,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Joachim Noah $37,814
Previous Owner Joachim Jeremy $120,000
Previous Owner Vaughn Joseph $180,000
Previous Owner Useppa Inn & Dock Co Ltd $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/26/2015 01/26/15 Off Market $200,000 -- --
03/14/2012 03/14/12 Sold $200,000 -42.9% --
09/13/2011 09/13/11 Pending -- -- --
04/02/2009 04/02/09 For Sale $350,000 -- --
Source: Stellar 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
2023 $5,814 $381,914 $371,423 $10,491
2022 $5,128 $320,313 $308,487 $11,826
2021 $4,316 $211,063 $198,093 $12,970
2020 $4,321 $209,953 $196,029 $13,924
2019 $4,074 $196,810 $185,711 $11,099
2018 $3,588 $174,804 $165,077 $9,727
2017 $3,361 $172,880 $165,077 $7,803
2016 $3,477 $174,961 $0 $0
2015 $3,345 $165,077 $0 $0
2014 $3,391 $168,314 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: R4590553

Stellar MLS

APN: 412019277009