S
Seller's Agent in 2020
Steve Branham
PREMIER SOTHEBY'S INTERNATIONAL REALTY
(757) 288-4852
1 in this area
25 Total Sales
6816 Palm Dr Holmes Beach, FL 34217
Estimated Value: $854,000 - $947,582
3
Beds
2
Baths
1,300
Sq Ft
$698/Sq Ft
Est. Value
Highlights
- 75 Feet of Waterfront
- Dock made with wood
- Deck
- Anna Maria Elementary School Rated A-
- Lake View
- Property is near public transit
About This Home
As of February 2020Cash Flow Opportunity. Though zoned for vacation rentals, the owner had been renting as a long term rental. This duplex is now vacant and is ideal for a vacation rental program. Property has been priced to cash flow. 70% Occupancy rate should generate net income of nearly $60,000 per year. Upside to increase rents and occupancy for even better returns. Your vacation renters will love this excellent mid-island walkable location. Close to the beach - only a stroll away. Convenient to restaurants, marina, and shopping. Trolley stop nearby. The property also overlooks Spring Lake with a private wood dock. Private and serene setting. Unit A is 1-Bedroom 1-Bath unit which should rent for $1000/week during season. Unit B, 2-Bedroom 1-Bath unit was just remodeled and should rent for $1500/week during season. Each unit has a spacious 2-car garage. Washer and dryer hook-ups for each unit. Elevated living level complies with FEMA. Property is ready to rent, though would also benefit from your personal touch. Long term leases have expired and tenants have vacated, so great opportunity for a new owner to take advantage of the upcoming vacation rental season. Rental Income and Net Income Projections available.
Last Agent to Sell the Property
PREMIER SOTHEBY'S INTERNATIONAL REALTY License #3433820 Listed on: 11/05/2019
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,306
Year Built
- Built in 1979
Lot Details
- 7,800 Sq Ft Lot
- Lot Dimensions are 75x104
- 75 Feet of Waterfront
- Lake Front
- Level Lot
Parking
- 4 Car Attached Garage
- Garage Door Opener
- Driveway
- Open Parking
- Off-Street Parking
Property Views
- Lake
- Woods
Home Design
- Duplex
- Elevated Home
- Bi-Level Home
- Wood Frame Construction
- Shingle Roof
- Block Exterior
Interior Spaces
- 1,300 Sq Ft Home
- Ceiling Fan
- Window Treatments
- Family Room Off Kitchen
- Laundry in Garage
Kitchen
- Microwave
- Dishwasher
- Solid Surface Countertops
- Disposal
Flooring
- Engineered Wood
- Carpet
Outdoor Features
- Access To Lake
- Property is near a marina
- Dock made with wood
- Balcony
- Deck
- Exterior Lighting
- Rear Porch
Location
- Property is near public transit
- City Lot
Schools
- Anna Maria Elementary School
- Martha B. King Middle School
- Manatee High School
Utilities
- Humidity Control
- Central Heating and Cooling System
- Thermostat
- Electric Water Heater
- Phone Available
- Cable TV Available
Listing and Financial Details
- Visit Down Payment Resource Website
- Tax Lot 19
- Assessor Parcel Number 7199210001
Community Details
Overview
- No Home Owners Association
- 2,824 Sq Ft Building
- Clark Spring Lake Estates Community
- Clark Spring Lake Estates Subdivision
Pet Policy
- Extra large pets allowed
Building Details
- Gross Income $75,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 5, 2019
Closed on
Feb 20, 2020
Sold by
Lott Raymond and Lott Sandra
Bought by
Fellom Nancy and Fellom Family Trust
Seller's Agent
Steve Branham
PREMIER SOTHEBY'S INTERNATIONAL REALTY
Buyer's Agent
The Galletto Team
ISLAND REAL ESTATE-ANNA MARIA
List Price
$649,900
Sold Price
$625,000
Premium/Discount to List
-$24,900
-3.83%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$282,646
Avg. Annual Appreciation
6.84%
Purchase Details
Closed on
Jul 7, 2003
Sold by
Regis William F and Regis Arline Larae
Bought by
Lott Raymond and Lott Sandra
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
5.29%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 2, 1995
Sold by
Miller Jon W and Miller Sandra Leigh
Bought by
Regis William F and Regis Arline Larae
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Fellom Nancy | $625,000 | Barnes Walker Title Inc | |
| Lott Raymond | $345,000 | -- | |
| Regis William F | $130,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Lott Raymond | $172,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/20/2020 02/20/20 | Sold | $625,000 | -3.8% | $481 / Sq Ft |
| 01/10/2020 01/10/20 | Pending | -- | -- | -- |
| 11/05/2019 11/05/19 | For Sale | $649,900 | -- | $500 / Sq Ft |
Source: Stellar MLS
Tax History Compared to Growth
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 | $11,895 | $716,594 | -- | -- |
| 2024 | $11,895 | $884,638 | $487,764 | $396,874 |
| 2023 | $11,614 | $899,521 | $487,764 | $411,757 |
| 2022 | $9,756 | $656,140 | $311,040 | $345,100 |
| 2021 | $8,225 | $489,443 | $276,480 | $212,963 |
| 2020 | $7,531 | $422,727 | $253,440 | $169,287 |
| 2019 | $7,397 | $417,648 | $253,440 | $164,208 |
| 2018 | $7,306 | $412,177 | $253,440 | $158,737 |
| 2017 | $6,486 | $387,086 | $0 | $0 |
| 2016 | $5,981 | $341,502 | $0 | $0 |
| 2015 | $5,035 | $367,376 | $0 | $0 |
| 2014 | $5,035 | $285,508 | $0 | $0 |
| 2013 | $4,547 | $254,382 | $198,600 | $55,782 |
Source: Public Records
Agents Affiliated with this Home
-
Steve Branham
-
Mike Seamon
Seller Co-Listing Agent in 2020
Mike Seamon
PREMIER SOTHEBY'S INTERNATIONAL REALTY
(941) 586-1802
5 in this area
80 Total Sales
-
The Galletto Team
Buyer's Agent in 2020
The Galletto Team
ISLAND REAL ESTATE-ANNA MARIA
(941) 737-1420
23 in this area
45 Total Sales
Map
Source: Stellar MLS
MLS Number: A4450788
APN: 71992-1000-1
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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