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3240 Southwest Island Way

3240 Southwest Island Way, Palm City, FL 34990
Property in Palm City
Sold Aug 01, 2013
$393,500
$314,800 by Branch Banking And Trust Co
Mortgage Due Aug 01, 2028
Sold Aug 01, 2013
Transfer
Local assessors in Palm City, FL have categorized 3240 Southwest Island Way as a residential type of property. The home was built in 1987 and is 37 years old. It was most recently renovated and altered in 2002. The property's lot size has been calculated to be 43,647 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 4 rooms in the home. Of these, 4 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 4 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 3240 Southwest Island Way has a total of 3,182 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. 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 664 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 concrete block 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 - C. The building has a gable or hip style roof that was made of metal. 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. 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. The property was last sold in Jul 26, 2013 for $393,500. That's $102.31 per sqft. 3240 Southwest Island Way was last assessed in 2023. The total value of the property was assessed at $360,249. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $5,544. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 2002
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Concrete block
  • Exterior Walls Type: Stucco
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Metal
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 664
  • Parking Space Count: 2
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 43,647
  • Total Building Area: 3,846
  • Gross Building Area: 3,846
  • Building Area: 3,182
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,182
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MID-RIVERS YACHT AND COUNTRY CLUB (AKA E
  • Land Acres: 1.002
  • Standard Land Use Code: Single family residential
  • Legal Description 1: MID-RIVERS YCC I LOT 297

Ownership

  • Current Owner : SMITH DONALD MARK
  • Current Owner 2: SMITH KIM M
  • Previous Owner : DEMARCO ROY E
  • Previous Owner 2: DEMARCO DEANNA M
  • Owner Before Previous Owner: JOHNSTON PAUL ROBERT
  • Owner Before Previous Owner 2: JOHNSTON REGINA MARIE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Martin County School District
  • Census Tract: 000606

Zoning

  • Zoning: PUDR

Geography

  • Assessors Map Reference: K-O1A
  • Parcel: 01-38-40-007-000-02970-9
  • Lot: 297
  • Meridian: SEC 1 TWN 38S RNG 40E
  • Latitude: 27.1982
  • Longitude: -80.2975

    Address

  • Full Address: 3240 Sw Island Way
  • Address - House Number: 3240
  • Street Direction: SW
  • Address - Street Name: Island
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Palm City
  • Carrier Code: R015
  • 4-Digit Zip Code: 1410
  • Zip Code: 34990

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,544
  • Tax Rate Code Area: 5005 WESTE

    Appraisal Valuation

  • Standard Deviation: 0.204
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 72
  • Final Value: 1,021,608
  • High Value: 1,230,080
  • Low Value: 813,135

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $414,800
  • First Open Lien Mortgage Lender: BRANCH BANKING AND TRUST CO
  • First Open Lien Mortgage Recording Date: Aug 01, 2013
  • First Open Lien Mortgage Loan Amount: $314,800
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2028
  • Second Open Lien Mortgage Lender: BRANCH BANKING AND TRUST CO
  • Second Open Lien Mortgage Recording Date: Jul 24, 2014
  • Second Open Lien Mortgage Loan Amount: $100,000
  • Second Open Lien Mortgage Term: 180
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • Second Open Lien Mortgage Loan Due Date: Jul 09, 2029

    Market Valuation

  • Market Total Value: $719,690
  • Market Land Value: $285,000
  • Market Improvement Value: $434,690

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $360,249

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 26, 2013
  • Current Sale Recording Date: Aug 01, 2013
  • Current Sale Transaction ID: 11453113607
  • Current Sale Price: $393,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2408841
  • Previous Sale Recording Date: Aug 01, 2013
  • Previous Sale Contract Date: Jul 19, 2013
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: BRANCH BANKING AND TRUST CO
  • First Mortgage Transaction Date: Aug 01, 2013
  • First Mortgage Loan Amount: $314,800
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2028

About Palm City



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Frequently Asked Questions

What neighborhood is 3240 Southwest Island Way located in?
The 3240 Southwest Island Way is a located in the neighborhood of Palm City in Palm City, Palm City.
What is the average sales price for listings in 3240 Southwest Island Way?
The average sales price for units in 3240 Southwest Island Way is $0 currently.

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