$1,400,000
SOLD JAN 14, 2025

7058 SW Wedelia Terrace Palm City, FL 34990

5 Beds
3.5 Baths
2,732 Sq Ft
4.7 Acres

Recently Sold

$512 Per Sq Ft

18% Below List Price

110 Days on Market

Highlights

  • Horses Allowed in Community
  • RV Access or Parking
  • 204,732 Sq Ft lot
  • Citrus Grove Elementary School Rated A-
  • Garage Apartment
  • Fruit Trees

About This Home

As of January 2025

THIS IS THE MOST DYNAMIC 5 ACRE PROPERTY ON THE MARKET, with unlimited possibilities! BRAND NEW 2024 70' x 72' steel, hurricane impact building-5,040 square feet with independent underground electric service, 24 foot ceiling climate controlled WAREHOUSE/garage/building is perfectly suited for operating your business at your home, hosting events, car collections(motorhome), and so much more! No detail was overlooked, built so it can facilitate an elevated second story office or studio, roughed in for a full bath, AC's already in place and operational. This property would also be perfect for MULTI-GENERATIONAL living, with a beautiful 3/3 main home with large flex space, and 2 separate additional living quarters (2/1 &1/1), could also be additional income, or workforce housing.

Last Agent to Sell the Property

Elizabeth Smithson

Keller Williams Realty Jupiter License #3430596 Listed on: 09/22/2024

Keller Williams Realty Jupiter

Co-Listed By

Sarah Greenberg

Keller Williams Realty Jupiter License #3316121

Last Buyer's Agent

Beverly Klemzak

Berkshire Hathaway Florida RE License #325710

Berkshire Hathaway Florida RE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,416

Year Built

  • Built in 1989

Lot Details

  • 4.7 Acre Lot
  • Fenced
  • Fruit Trees

Parking

  • 4 Car Detached Garage
  • Garage Apartment
  • Garage Door Opener
  • Driveway
  • RV Access or Parking

Home Design

  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Metal Roof

Interior Spaces

  • 2,732 Sq Ft Home
  • 2-Story Property
  • Bar
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Entrance Foyer
  • Family Room
  • Formal Dining Room
  • Recreation Room
  • Workshop

Kitchen

  • Built-In Oven
  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • In-Law or Guest Suite
  • Roman Tub
  • Jetted Tub in Primary Bathroom

Laundry

  • Laundry Room
  • Laundry in Garage
  • Dryer
  • Washer

Home Security

  • Security Gate
  • Fire and Smoke Detector

Outdoor Features

  • Room in yard for a pool
  • Shed

Schools

  • Citrus Grove Elementary School

Utilities

  • Central Heating and Cooling System
  • Well
  • Electric Water Heater
  • Water Softener is Owned
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 283840000024000007
  • Seller Considering Concessions

Community Details

Overview

  • Palm City Farms Subdivision

Recreation

  • Horses Allowed in Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,416

Year Built

Built in 1989

Lot Details

0

Parking

4

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Turn down Woodham. Continue about 2.7miles. Second house on the right when on Wedelia Terrace. 7058 Wedelia Terrace.
  • Year Built: 1989
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Dining Area, Separate/Formal Dining Room, Entrance Foyer, Garden Tub/Roman Tub, Jetted Tub, Kitchen/Dining Combo, Pantry, Split Bedrooms, Skylights, Vaulted Ceiling(s), Bar, Walk-In Closet(s), Workshop
  • Furnished: Unfurnished
  • Appliances: Built-In Oven, Cooktop, Dryer, Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator, Water Softener Owned, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Flooring: Ceramic Tile, Laminate, Wood
  • Living Area: 2732.0
  • Dining Room Type: Family Room, Garage Apartment, In-Law Suite, Laundry, Recreation, Storage Room, Workshop
  • Stories: 2
  • Window Features: Skylight(s)

Exterior Features

  • Exterior Features: Fence, Fruit Trees, Room For Pool, Shed
  • Pool Features: None
  • Pool Private: No
  • Waterfront: No
  • Construction Type: Frame
  • Other Structures: Garage Apartment, Shed(s)
  • Property Condition: Resale
  • Roof: Composition, Metal, Shingle

Garage/Parking

  • Covered Parking Spaces: 4.0
  • Attached Garage: No
  • Garage Spaces: 4.0
  • Garage Yn: Yes
  • Parking Features: Driveway, Detached, Garage, Golf Cart Garage, RV Access/Parking, Two or More Spaces, Garage Door Opener

Utilities

  • Laundry Features: In Garage
  • Security: Security Gate, Smoke Detector(s)
  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Pets Allowed: Yes

Schools

  • Elementary School: Citrus Grove (Miami-Dade)

Lot Info

  • Parcel #: 283840000024000007
  • Horse Amenities: Horses Allowed
  • Lot Size: 4 to < 5 Acres,5 to <10
  • Lot Size Sq Ft: 204732.0
  • Zoning Description: res
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 13416.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2024
Closed on
Jan 14, 2025
Sold by
Honan Harry J and Honan Judith S
Bought by
Wedelia 7058 Llc
Seller's Agent
Elizabeth Smithson
Keller Williams Realty Jupiter
Buyer's Agent
Beverly Klemzak
Berkshire Hathaway Florida RE
List Price
$1,699,999
Sold Price
$1,400,000
Premium/Discount to List
-$299,999
-17.65%
Views
26
Current Estimated Value
$1,348,494

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$51,506
Avg. Annual Appreciation
-5.44%
Original Mortgage
$1,120,000
Outstanding Balance
$1,106,419
Interest Rate
6.69%
Mortgage Type
Credit Line Revolving
Estimated Equity
$242,075

Purchase Details

Listed on
Oct 22, 2021
Closed on
Dec 16, 2021
Sold by
Mulcahy Albert L and Mulcahy Yarleth J
Bought by
Honan Harry J and Honan Judith S
Seller's Agent
Eric Mulcahy
RE/MAX Community
List Price
$849,888
Sold Price
$799,888
Premium/Discount to List
-$50,000
-5.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.93%
Original Mortgage
$584,888
Interest Rate
3.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 1, 2014
Sold by
Kuperinsky Bob
Bought by
Mulcahy Albert L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,400
Interest Rate
4.19%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 10, 2010
Closed on
Feb 27, 2012
Sold by
Lock John
Bought by
Kuperinsky Bob
Seller's Agent
Laura Koski
The Keyes Company (Tequesta)
Buyer's Agent
Laura Koski
The Keyes Company (Tequesta)
List Price
$329,000
Sold Price
$190,000
Premium/Discount to List
-$139,000
-42.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.55%

Purchase Details

Closed on
May 12, 2005
Sold by
Schall Richard
Bought by
Lock John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$331,500
Interest Rate
5.75%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 15, 2004
Sold by
Orr William and Johnson Sherry
Bought by
Schall Richard and Lock John

Purchase Details

Closed on
Apr 17, 1997
Sold by
Hartley David E and Hartley Sandra J
Bought by
Orr William and Johnson Sherry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.86%
Mortgage Type
New Conventional
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 Type Sale Price Title Company
Warranty Deed $1,400,000 None Listed On Document
Warranty Deed $1,400,000 None Listed On Document
Warranty Deed $799,900 Attorney
Warranty Deed $438,000 First American Title Ins Co
Warranty Deed $190,000 Atlantic Coast Title Group L
Quit Claim Deed $320,000 Prestige Title Agency Inc
Warranty Deed $350,000 Prestige Title Agency Inc
Warranty Deed $250,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,120,000 Credit Line Revolving
Closed $1,120,000 Credit Line Revolving
Previous Owner $584,888 New Conventional
Previous Owner $350,400 New Conventional
Previous Owner $300,000 Credit Line Revolving
Previous Owner $331,500 Fannie Mae Freddie Mac
Previous Owner $200,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/14/2025 01/14/25 Sold $1,400,000 -15.2% $512 / Sq Ft
11/14/2024 11/14/24 Price Changed $1,649,999 -2.9% $604 / Sq Ft
09/26/2024 09/26/24 For Sale $1,699,999 +112.5% $622 / Sq Ft
12/16/2021 12/16/21 Sold $799,888 -5.9% $233 / Sq Ft
11/16/2021 11/16/21 Pending -- -- --
10/22/2021 10/22/21 For Sale $849,888 +347.3% $247 / Sq Ft
02/27/2012 02/27/12 Sold $190,000 -42.2% $79 / Sq Ft
01/28/2012 01/28/12 Pending -- -- --
02/10/2010 02/10/10 For Sale $329,000 -- $137 / Sq Ft
Source: BeachesMLS

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 $13,267 $1,087,633 -- --
2024 $13,416 $780,230 $780,230 $446,530
2023 $13,416 $760,793 $0 $0
2022 $11,916 $691,630 $310,200 $381,430
2021 $6,655 $402,896 $0 $0
2020 $6,538 $397,334 $0 $0
2019 $6,461 $388,401 $0 $0
2018 $6,299 $381,159 $0 $0
2017 $5,623 $373,319 $0 $0
2016 $5,842 $365,641 $0 $0
2015 $4,108 $363,100 $178,600 $184,500
2014 $4,108 $232,710 $95,180 $137,530
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R11023017

BeachesMLS

APN: 28-38-40-000-024-00000-7