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1640 Palmetto Palm Way

1640 Palmetto Palm Way, North Port, FL 34288
Property in Bobcat Trail
Sold Dec 14, 2023
$680,000
$476,000 by United Wholesale Mortgage Llc
Mortgage Due Jan 01, 2054
Sold May 14, 2019
$455,000
$227,500 by Fifth Third Bank
Mortgage Due Jun 01, 2049
Local assessors in North Port, FL have categorized 1640 Palmetto Palm Way as a residential type of property. The home was built in 1998 and is 26 years old. It was most recently renovated and altered in 2003. The property's lot size has been calculated to be 12,436 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 9 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 3 full bathrooms. There are also 3 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1640 Palmetto Palm Way has a total of 2,733 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 697 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. In addition, there is a pool on the property. Perfect for those who want to host pool parties over the summer. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with masonry control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - A. The building has a hip style roof that was made of concrete. Lots of stucco were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for flooring, was the material of choice during construction. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1640 Palmetto Palm Way sold most recently in Dec 12, 2023 for a total of $680,000. If you work out the math, that's approximately a cost of $198.25 per sqft. Before that, the property was also sold for $455,000 in May 10, 2019. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $7,649 in taxes each year. 1640 Palmetto Palm Way was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $374,604. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 2003
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 2
  • Building Condition: Average
  • Building Quality: A
  • Construction Type: Masonry
  • Exterior Walls Type: Stucco
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Hip
  • Roof Cover Type: Concrete
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Wood
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 697
  • Parking Space Count: 2
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 12,436
  • Total Building Area: 3,430
  • Gross Building Area: 3,430
  • Building Area: 2,733
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,733
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: BOBCAT TRAIL
  • Land Acres: 0.286
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 21 BLK R BOBCAT TRAIL

Ownership

  • Current Owner : SUSTACK JOSEPH J
  • Current Owner 2: SUSTACK JUDITH C
  • Previous Owner : FLOWERS MARK A
  • Previous Owner 2: FLOWERS TERRI L
  • Owner Before Previous Owner: TREAT MARY L
  • Owner Before Previous Owner 2: MARY L TREAT TRUST
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Sarasota County School District
  • School Tax School District: T05 F093 G071
  • Census Tract: 002742

Zoning

  • Zoning: PCDN

Geography

  • Assessors Map Reference: 41C
  • Account Number: 1140161821
  • Subdivision Tract Number: 2689
  • Parcel: 1140-16-1821
  • Block: R
  • Lot: 21
  • Meridian: SEC 30 TWN 39S RNG 22E
  • Municipality: CITY OF NORTH PORT
  • Latitude: 27.0477
  • Longitude: -82.1476

    Address

  • Full Address: 1640 Palmetto Palm Way
  • Address - House Number: 1640
  • Address - Street Name: Palmetto Palm
  • Address - Suffix Type: Way
  • State: FL
  • City Name: North Port
  • Carrier Code: R093
  • 4-Digit Zip Code: 8622
  • Zip Code: 34288

Valuation

    Tax

  • Total Area: 3,784
  • Tax Year: 2023
  • Tax Amount: $7,649
  • Tax Rate Code Area: 0500

    Appraisal Valuation

  • Standard Deviation: 0.1968
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 73
  • Final Value: 714,044
  • High Value: 854,586
  • Low Value: 573,502

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $476,000
  • First Open Lien Mortgage Lender: UNITED WHOLESALE MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Dec 14, 2023
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $476,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2054

    Market Valuation

  • Market Total Value: $516,300
  • Market Land Value: $107,000
  • Market Improvement Value: $409,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $374,604

    Sales

  • Current Sale Contract Date: Dec 12, 2023
  • Current Sale Recording Date: Dec 14, 2023
  • Current Sale Transaction ID: 11917855676
  • Current Sale Price: $680,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 185097
  • Previous Sale Recording Date: May 14, 2019
  • Previous Sale Contract Date: May 10, 2019
  • Previous Sale Amount: $455,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNITED WHOLESALE MORTGAGE LLC
  • First Mortgage Transaction Date: Dec 14, 2023
  • First Mortgage Loan Amount: $476,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2054

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: FIFTH THIRD BANK
  • Previous Mortgage Transaction Date: May 14, 2019
  • Previous Mortgage Loan Amount: $227,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jun 01, 2049

About North Port Charlotte



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Frequently Asked Questions

What neighborhood is 1640 Palmetto Palm Way located in?
The 1640 Palmetto Palm Way is a located in the neighborhood of Bobcat Trail in North Port Charlotte, North Port.
What is the average sales price for listings in 1640 Palmetto Palm Way?
The average sales price for units in 1640 Palmetto Palm Way is $0 currently.

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