NOT LISTED FOR SALE

Estimated Value: $324,000 - $731,000

0.22 Acre
$2,128,877 Price per Acre
9,450 Sq Ft Lot

Last Sold August 20, 2021

Last sale price $296,000

Est. 55% increase in value since last sale

Current estimated payment $2,860/month

357 Days on Market

Highlights

  • 70 Feet of Waterfront
  • Boat Slip Deeded
  • No HOA
  • Dock made with wood
  • Canal View
  • Access to Saltwater Canal

About This Lot

As of August 2021

Water Front Lot with quick access into the inter-coastal and then Gulf of Mexico. Palm Island is located between Manasota Key and Boca Grande. This area is know for world class fishing, sharks tooth beach and white sand beaches. The island has a car ferry service and water taxies. Rum Bay public restaurant is located just down island on the Resort. A Dock is already in place on the wide basin salt water canal. Welcome to Paradise!

Last Agent to Sell the Property

Jeremy Jones

TALL PINES REALTY License #3186366 Listed on: 07/01/2020

Last Buyer's Agent

Robin Madden

ISLANDER PROPERTIES INC License #3054042

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,667

Lot Details

  • 9,450 Sq Ft Lot
  • Lot Dimensions are 85x150x70x135
  • 70 Feet of Waterfront
  • Property fronts a saltwater canal
  • South Facing Home
  • Property is zoned BBI

Property Views

  • Canal Views

Schools

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

Utilities

  • Septic Tank
  • Septic Needed
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 7 / E
  • Assessor Parcel Number 412033128004

Community Details

Overview

  • No Home Owners Association
  • Palm Island Estates Community
  • Palm Island Estate Subdivision

Recreation

  • Access to Saltwater Canal
  • Boat Slip Deeded
  • Dock made with wood

Property Details

Property Type

Land

Est. Annual Taxes

$2,667

Lot Details

0

Listing Details

  • Property Type: Land
  • Lot Size Acres: 0.22
  • Lot Size Sq Ft: 9450
  • Directions to Property: 776 to South on Placida Rd. Take a right onto Panama Blvd. Take Car Ferry over to Palm Island (cost for ferry) . Once on island take the first right and go over bridge. Take the next left and lot will be on the left.
  • Status: Sold
  • Total Acreage: 0 to less than 1/4
  • Ratio: Close Price\List Price: 0.97049
  • Price per Sq Ft: 31.32
  • Close to Original List Price Ratio: 0.93968
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2020
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Interior Features

  • Living Area Units: Square Feet
  • Street Number Modifier: 70

Exterior Features

  • Direction Faces: South
  • Waterfront: Yes
  • Water View: Canal
  • Water Access: Canal - Saltwater
  • Water Extras: Dock - Slip Deeded On-Site, Dock - Wood
  • Water View Y N: Yes
  • Front Footage: 85
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Waterfront Frontage: 70
  • Water Frontage Feet Canal Salt: 70

Garage/Parking

  • Open Parking: No

Utilities

  • Utilities: Cable Available, Electrical Nearby, Water Nearby
  • Sewer: Septic Needed, Septic Tank
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Schools

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

Lot Info

  • Zoning: BBI
  • Parcel Number: 412033128004
  • Additional Parcels: No
  • Current Use: Residential
  • Lot Dimensions: 85x150x70x135
  • Price Per Acre: 1345455
  • Flood Zone Code: 15VE

Rental Info

  • For Lease Y N: No

Tax Info

  • Tax Annual Amount: 2667.41
  • Tax Block: E
  • Tax Lot: 7

Multi Family

  • Waterfront Features: Canal - Saltwater

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2020
Closed on
Oct 1, 2021
Sold by
Tower William E
Bought by
Tower Homes Llc
Seller's Agent
Jeremy Jones
TALL PINES REALTY
Buyer's Agent
Robin Madden
ISLANDER PROPERTIES INC
List Price
$315,000
Sold Price
$296,000
Premium/Discount to List
-$19,000
-6.03%
Current Estimated Value
$458,394

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$162,394
Avg. Annual Appreciation
8.78%
Original Mortgage
$414,000
Outstanding Balance
$381,602
Interest Rate
2.8%
Mortgage Type
Credit Line Revolving
Estimated Equity
$32,197

Purchase Details

Listed on
Jul 1, 2020
Closed on
Aug 20, 2021
Sold by
Noriega Louis Alexander
Bought by
Tower William E
Seller's Agent
Jeremy Jones
TALL PINES REALTY
Buyer's Agent
Robin Madden
ISLANDER PROPERTIES INC
List Price
$315,000
Sold Price
$296,000
Premium/Discount to List
-$19,000
-6.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$414,000
Outstanding Balance
$381,602
Interest Rate
2.8%
Mortgage Type
Credit Line Revolving
Estimated Equity
$32,197

Purchase Details

Closed on
Oct 15, 2004
Sold by
Tenn Peter E and Tenn Vicki L
Bought by
Noriega Louis Alexander

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 20, 1999
Sold by
Tenn Peter E and Tenn Vicki L
Bought by
Tenn Peter E and Tenn Vicki L

Purchase Details

Closed on
Jun 28, 1996
Sold by
Sears Michelle and Ruxton Stanley L
Bought by
Tenn Peter E and Tenn Vicki L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,000
Interest Rate
8.05%

Purchase Details

Closed on
Sep 6, 1994
Sold by
Leland Robert Jay
Bought by
Sears Michelle and Ruxton Stanley L

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
8.37%
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
Tower Homes Llc -- Attorney
Tower William E $296,000 Attorney
Noriega Louis Alexander $425,000 --
Tenn Peter E $40,000 --
Tenn Peter E $80,000 --
Sears Michelle $75,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tower Homes Llc $414,000
Previous Owner Noriega Louis Alexander $275,000
Previous Owner Tenn Peter E $28,000
Previous Owner Sears Michelle $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/20/2021 08/20/21 Sold $296,000 -3.0% --
06/17/2021 06/17/21 Pending -- -- --
05/20/2021 05/20/21 Price Changed $305,000 -3.2% --
06/25/2020 06/25/20 For Sale $315,000 -- --
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 $4,214 $202,817 $0 $0
2022 $3,726 $184,379 $181,463 $2,916
2021 $2,675 $119,224 $116,525 $2,699
2020 $2,667 $118,011 $115,311 $2,700
2019 $2,551 $111,942 $109,242 $2,700
2018 $2,274 $99,303 $97,104 $2,199
2017 $2,051 $98,770 $97,104 $1,666
2016 $2,082 $99,103 $0 $0
2015 $2,055 $96,069 $0 $0
2014 $2,012 $95,174 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: D6112729

Stellar MLS

APN: 412033128004