NOT LISTED FOR SALE

701 SE Tarpon Ave Stuart, FL 34994

Downtown Stuart Neighborhood

Estimated Value: $1,728,638

31 Beds
8 Baths
7,048 Sq Ft
$245/Sq Ft Est. Value

Last Sold August 18, 2017

Last sale price $190,000 $27 Per Sq Ft

Est. 810% increase in value since last sale

Current estimated payment $9,540/month

21 Days on Market

Highlights

  • Corner Lot
  • Terrazzo Flooring
  • Zoned Heating
  • Jensen Beach High School Rated A

About This Home

As of August 2017

Structural Engineer Review just completed! This build is safe and sound but needs complete renovation. legally zoned 28 rooms 2 Story CBS Rooming House in Stuart. Do the math. Each room can rent for $125per week x 28rooms = $3,500 Gross Income Per Week! That's $182k Gross Per Year!That's Over $1.2MILLION in value!

Last Agent to Sell the Property

Samuel Gaspard

Service Florida Realty License #3225359 Listed on: 06/27/2017

Last Buyer's Agent

Samuel Gaspard

Service Florida Realty License #3225359 Listed on: 06/27/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,329

Year Built

  • Built in 1958

Lot Details

  • 8,520 Sq Ft Lot
  • Corner Lot

Interior Spaces

  • 7,048 Sq Ft Home
  • 2-Story Property

Flooring

  • Concrete
  • Terrazzo

Utilities

  • No Cooling
  • Zoned Heating

Community Details

  • 2 Units
  • Ruffs Little Dixie 2Nd Ad Subdivision

Listing and Financial Details

  • Assessor Parcel Number 043841017008002204

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,329

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: Next door to Stuart Police Dept.
  • Year Built: 1958
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Resale
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Concrete, Terrazzo
  • Living Area: 7048.0

Exterior Features

  • Lot Features: Corner Lot, < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Disclosures: Owner Is Listing Agent
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Other

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Zoned
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 043841017008002204
  • Lot Size Sq Ft: 8520.0
  • Zoning Description: Rooming
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 1329.0

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 21, 2024
Sold by
Cocoa 1818 Llc
Bought by
Se Tarpon Partners Llc
Current Estimated Value
$1,728,638

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$850,000
Outstanding Balance
$841,013
Interest Rate
6.32%
Estimated Equity
$887,625

Purchase Details

Listed on
Jun 27, 2017
Closed on
Aug 18, 2017
Sold by
701 Se Tarpon Ave Llc
Bought by
Cocoa 1818 Llc
Seller's Agent
Samuel Gaspard
Service Florida Realty
Buyer's Agent
Samuel Gaspard
Service Florida Realty
List Price
$289,999
Sold Price
$190,000
Premium/Discount to List
-$99,999
-34.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.11%
Original Mortgage
$200,000
Interest Rate
3.96%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 16, 2014
Sold by
Mccarty Isaac
Bought by
701 Se Tarpon Ave Llc

Purchase Details

Closed on
Nov 3, 2008
Sold by
Mccarty Isaac
Bought by
701 Se Tarpon Ave Llc

Purchase Details

Closed on
Dec 1, 2000
Sold by
Mccarty Isaac and Mccarty James Mccarty
Bought by
Mccarty Isaac and Mccarty Nola

Purchase Details

Closed on
Nov 15, 2000
Sold by
Mccarty Isaac
Bought by
701 Se Tarpon Ave Llc

Purchase Details

Closed on
Sep 11, 2000
Sold by
Mccarty Isaac
Bought by
Mccarty Isaac and Mccarty James
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
Se Tarpon Partners Llc -- None Listed On Document
Se Tarpon Partners Llc -- None Listed On Document
Cocoa 1818 Llc $190,000 Attorney
701 Se Tarpon Ave Llc $35,000 Attorney
701 Se Tarpon Ave Llc $100 --
Mccarty Isaac -- --
701 Se Tarpon Ave Llc -- --
Mccarty Isaac -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Se Tarpon Partners Llc $850,000
Closed Se Tarpon Partners Llc $850,000
Closed Se Tarpon Partners Llc $1,000,000
Previous Owner Cocoa 1818 Llc $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/18/2017 08/18/17 Sold $190,000 -34.5% $27 / Sq Ft
07/19/2017 07/19/17 Pending -- -- --
06/27/2017 06/27/17 For Sale $289,999 -- $41 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

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 $6,006 $322,940 $31,870 $291,070
2024 $6,342 $321,740 $321,740 $289,870
2023 $6,342 $331,890 $0 $0
2022 $5,825 $301,719 $0 $0
2021 $5,373 $274,290 $31,870 $242,420
2020 $5,412 $274,290 $31,870 $242,420
2019 $5,874 $298,480 $31,870 $266,610
2018 $2,431 $120,000 $31,870 $88,130
2017 $1,630 $120,000 $17,340 $102,660
2016 $1,330 $64,740 $12,000 $52,740
2015 -- $63,520 $12,000 $51,520
2014 -- $60,960 $12,000 $48,960
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2017

    Samuel Gaspard

    Service Florida Realty

    (772) 446-5632

    5 Total Sales

    Samuel Gaspard
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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10346134

BeachesMLS (Greater Fort Lauderdale)

APN: 04-38-41-017-008-00220-4

Florida Martin County Stuart 34994 Downtown Stuart

701 SE Tarpon Ave, Stuart, FL

Not Listed for Sale

MultiFamily

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