NOT LISTED FOR SALE

7405 SW Citrus Blvd Palm City, FL 34990

Estimated Value: $994,848 - $1,271,000

5 Beds
3 Baths
4,250 Sq Ft
$267/Sq Ft Est. Value

Last Sold August 13, 2021

Last sale price $795,000 $187 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $6,595/month

24 Days on Market

Highlights

  • Horses Allowed in Community
  • Waterfront
  • Wood Flooring
  • South Fork High School Rated A-
  • 204,732 Sq Ft lot
  • Den

About This Home

As of August 2021

This fantastic House located on 4.7 acres was known as ''the Matheson House,'' this is a former hunting lodge and has been renovated from top to bottom, while maintaining its' historical ambiance. The house has a 93 feet and 41 feet Verandas in back and front, perfect for watching your horses graze. The 65' x 35' Barn has 7 stalls now rented for $2,100 a month, an AC tack room, feed room and 2 wash racks. The property is fully fenced and includes an electric gated entrance, fenced arena, 4 fenced pastures, Fruit Trees and access to riding trails. The gorgeous wood plank cathedral ceiling in living room is stunning. All the rooms a very large and spacious. A nice fenced pond is also on the property. Bring an offer as it will not last long. Information approximate buyer to verify

Last Agent to Sell the Property

Martin Borgia

ZFC Real Estate LLC License #3013149 Listed on: 06/18/2021

Co-Listed By

Katy Simard

ZFC Real Estate LLC License #3304555

Last Buyer's Agent

Katy Simard

ZFC Real Estate LLC License #3304555

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,230

Year Built

  • Built in 1958

Lot Details

  • 4.7 Acre Lot
  • Waterfront
  • Fenced
  • Property is zoned AG

Parking

  • 4 Car Garage
  • Garage Door Opener

Home Design

  • Frame Construction

Interior Spaces

  • 4,250 Sq Ft Home
  • 2-Story Property
  • Furnished or left unfurnished upon request
  • French Doors
  • Family Room
  • Den

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 023940000008000101

Community Details

Overview

  • Palm City Farms Subdivision

Recreation

  • Horses Allowed in Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,230

Year Built

Built in 1958

Lot Details

0

Parking

4

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Martin HWY to south on Citrus to property
  • Year Built: 1958
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: French Door(s)/Atrium Door(s)
  • Furnished: Negotiable
  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator, Water Softener Owned, Washer
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Door Features: French Doors
  • Flooring: Hardwood, Tile, Wood
  • Living Area: 4250.0
  • Dining Room Type: Den, Family Room, Laundry
  • Stories: 2

Exterior Features

  • Exterior Features: Fence
  • Pool Features: None
  • Pool Private: No
  • Waterfront: Yes
  • Disclosures: Pet on Property
  • Construction Type: Block, Frame
  • Property Condition: Resale

Garage/Parking

  • Covered Parking Spaces: 4.0
  • Garage Spaces: 4.0
  • Garage Yn: Yes
  • Parking Features: Garage Door Opener

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Electricity Available
  • Water Source: Well

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 023940000008000101
  • Horse Amenities: Horses Allowed
  • Lot Size: 4 to < 5 Acres
  • Lot Size Sq Ft: 204732.0
  • Zoning Description: AG

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 2230.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2021
Closed on
Aug 13, 2021
Sold by
Premium Duct Cleaning Llc
Bought by
Bourque Andrew James and Bourque Kristin Lee
Seller's Agent
Martin Borgia
ZFC Real Estate LLC
Buyer's Agent
Katy Simard
ZFC Real Estate LLC
List Price
$949,900
Sold Price
$795,000
Premium/Discount to List
-$154,900
-16.31%
Current Estimated Value
$1,132,924

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$337,924
Avg. Annual Appreciation
8.80%
Original Mortgage
$455,000
Outstanding Balance
$413,736
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$719,188

Purchase Details

Listed on
Feb 25, 2020
Closed on
Jul 21, 2020
Sold by
Palmer Daniel J and Palmer Fiona L
Bought by
Premium Duct Cleaning Llc
Seller's Agent
Lisa Archuletta
Illustrated Properties
Buyer's Agent
Martin Borgia
ZFC Real Estate LLC
List Price
$750,000
Sold Price
$650,000
Premium/Discount to List
-$100,000
-13.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.83%
Original Mortgage
$414,100
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 20, 2016
Sold by
Palmer Daniel J
Bought by
Palmer Daniel J and Palmer Fiona L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,000
Interest Rate
3.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 21, 2009
Sold by
Onewest Bank Fsb
Bought by
Palmer Daniel J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,718
Interest Rate
4.81%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 17, 2009
Sold by
Yanick Frances and Roy Lucien
Bought by
Indymac Bank Fsb

Purchase Details

Closed on
Jun 30, 2005
Sold by
Tucker James A and Tucker Joyce
Bought by
Yanick Frances

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$607,500
Interest Rate
6.5%
Mortgage Type
Construction
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
Bourque Andrew James $795,000 Attorney
Premium Duct Cleaning Llc $650,000 Law Offices Of Bonnie A Brown
Palmer Daniel J $111,000 Servicelink
Palmer Daniel J $230,000 Attorney
Indymac Bank Fsb -- Attorney
Yanick Frances $425,000 South Florida Title Svcs Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bourque Andrew James $455,000
Previous Owner Premium Duct Cleaning Llc $414,100
Previous Owner Palmer Daniel J $307,000
Previous Owner Palmer Daniel J $258,718
Previous Owner Yanick Frances $607,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/13/2021 08/13/21 Sold $795,000 -16.3% $187 / Sq Ft
07/14/2021 07/14/21 Pending -- -- --
06/19/2021 06/19/21 For Sale $949,900 +46.1% $224 / Sq Ft
08/06/2020 08/06/20 Sold $650,000 -13.3% $153 / Sq Ft View Prior Sale
07/07/2020 07/07/20 Pending -- -- --
02/25/2020 02/25/20 For Sale $750,000 -- $176 / 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 $7,272 $464,341 -- --
2024 $7,108 $456,698 -- --
2023 $7,108 $440,405 $0 $0
2022 $6,793 $424,851 $0 $0
2021 $6,593 $358,440 $53,700 $304,740
2020 $2,230 $158,100 $0 $0
2019 $2,204 $155,824 $0 $0
2018 $2,053 $140,516 $0 $0
2017 $1,620 $138,230 $0 $0
2016 $1,893 $136,355 $0 $0
2015 -- $135,396 $0 $0
2014 -- $124,570 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Martin Borgia

    Seller's Agent in 2021

    Martin Borgia

    ZFC Real Estate LLC

    (772) 626-9036

    5 in this area

    134 Total Sales

    Martin Borgia
    Section Image

  • K

    Seller Co-Listing Agent in 2021

    Katy Simard

    ZFC Real Estate LLC

    (772) 201-1783

    5 in this area

    121 Total Sales

    Katy Simard
    Section Image
  • Lisa Archuletta

    Seller's Agent in 2020

    Lisa Archuletta

    Illustrated Properties

    (772) 320-9812

    10 in this area

    43 Total Sales

    Lisa Archuletta
    Section Image
  • Cristi Hernandez

    Seller Co-Listing Agent in 2020

    Cristi Hernandez

    NextHome Treasure Coast

    (772) 359-8199

    1 in this area

    31 Total Sales

    Cristi Hernandez
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10725242

BeachesMLS

APN: 02-39-40-000-008-00010-1

Florida Martin County Palm City 34990

7405 SW Citrus Blvd, Palm City, FL

This home is located at 7405 SW Citrus Blvd, Palm City, FL 34990 since 18 June 2021 and is currently estimated at $1,132,924, approximately $266 per square foot. This property was built in 1958. 7405 SW Citrus Blvd is a home located in Martin County with nearby schools including Crystal Lake Elementary School, Dr. David L. Anderson Middle School, and South Fork High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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