NOT LISTED FOR SALE

8938 SE Hobe Ridge Ave Hobe Sound, FL 33455

Estimated Value: $383,000 - $459,000

2 Beds
4 Baths
2,164 Sq Ft
$193/Sq Ft Est. Value

Last Sold December 08, 2017

Last sale price $198,000 $91 Per Sq Ft

Est. 111% increase in value since last sale

Current estimated payment $2,506/month

4 Days on Market

Highlights

  • Patio
  • Ceramic Tile Flooring
  • Fenced
  • South Fork High School Rated A-
  • Central Heating and Cooling System
  • 3-minute walk to East Ridge Park

About This Home

As of December 2017

Huge Investment Opportunity in Growing Hobe Sound! Fenced in Backyards. 2 Long Term Tenants. Both Tenants are Month to Month. One Unit has Twin Murphy Bed with Built in Office Furniture. Nice Size Bedrooms and Living Space. Great Location, Close to Beach, Shopping and Restaurants!!

Last Agent to Sell the Property

Tracy Plauche

Keller Williams Realty Jupiter License #3257142 Listed on: 11/03/2017

Keller Williams Realty Jupiter

Last Buyer's Agent

Victoria Boley

Inactive Member License #3360853

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,621

Year Built

  • Built in 1981

Lot Details

  • 7,492 Sq Ft Lot
  • Fenced

Home Design

  • Duplex
  • Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,164 Sq Ft Home
  • 1-Story Property

Flooring

  • Carpet
  • Ceramic Tile

Outdoor Features

  • Patio

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 343842046007001608

Community Details

Overview

  • 2 Units
  • Eastridge Estates Ph Two Subdivision

Building Details

  • Operating Expense $2,792
  • Net Operating Income $19,108

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,621

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: A1A to SE Crossrip Street turn West. Right on to SE Hobe Ridge. Duplex down on left. 8938 & 8940
  • Year Built: 1981
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Living Area: 2164.0

Exterior Features

  • Exterior Features: Fence, Patio
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Frame
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Composition, Shingle

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 343842046007001608
  • Lot Size: < 1/4 Acre
  • Lot Size Sq Ft: 7492.0
  • Zoning Description: 0800

Rental Info

  • Tenant Pays: Exterior Electric, Sewer, Water

Multi Family

  • Property Net Operating Income: 19108.0
  • Number Of Units Total: 2
  • Annual Operating Expense: 2792.0

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 2621.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 3, 2017
Closed on
Dec 8, 2017
Sold by
Venzke Sue Maggard
Bought by
Lindo Winston and Lindo Jerdy
Seller's Agent
Tracy Plauche
Keller Williams Realty Jupiter
Buyer's Agent
Victoria Boley
Inactive Member
List Price
$240,000
Sold Price
$198,000
Premium/Discount to List
-$42,000
-17.5%
Current Estimated Value
$417,541

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$219,541
Avg. Annual Appreciation
9.92%

Purchase Details

Closed on
Dec 11, 1996
Sold by
Maggard Marvin G
Bought by
Venzke Sue M

Purchase Details

Closed on
Apr 18, 1995
Sold by
Maggaro Greg and Maggaro Peggy
Bought by
Maggaro Greg and Venzke Sue M
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
Lindo Winston $198,000 Patch Reef Title Co Inc
Venzke Sue M $100 --
Maggard Marvin G -- --
Maggaro Greg -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Maggaro Greg $72,000
Closed Maggaro Greg $0
Closed Maggaro Greg $5,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/08/2017 12/08/17 Sold $198,000 -17.5% $91 / Sq Ft
11/08/2017 11/08/17 Pending -- -- --
11/03/2017 11/03/17 For Sale $240,000 -- $111 / 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 $3,857 $224,658 -- --
2024 $3,582 $209,800 -- --
2023 $3,582 $196,054 $0 $0
2022 $3,269 $183,403 $0 $0
2021 $3,100 $171,751 $0 $0
2020 $2,748 $162,220 $81,000 $81,220
2019 $2,829 $165,150 $81,000 $84,150
2018 $2,811 $165,030 $76,500 $88,530
2017 $2,290 $155,400 $76,500 $78,900
2016 $2,622 $127,650 $76,500 $51,150
2015 $2,165 $117,300 $36,000 $81,300
2014 $2,165 $102,790 $40,000 $62,790
Source: Public Records

Agents Affiliated with this Home

  • Tracy Plauche

    Seller's Agent in 2017

    Tracy Plauche

    Keller Williams Realty Jupiter

    (561) 543-7456

    14 Total Sales

    Tracy Plauche
    Section Image

  • V

    Buyer's Agent in 2017

    Victoria Boley

    Inactive Member

See All Agents

Map

Source: BeachesMLS

MLS Number: R10378927

BeachesMLS

APN: 34-38-42-046-007-00160-8

Florida Martin County Hobe Sound 33455

8938 SE Hobe Ridge Ave, Hobe Sound, FL

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