by RH Advisors

See Home Value
$1,450,000
House - Off Market

40 Palmer AVENUE

WINTER PARK, FL 32789
bedrooms
5 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
4166 Sqft
$8,804
Estimated Monthly
$0
HOA / Fees
1.83%
Cap Rate

About This Property

Walk to Park Avenue – 40 Palmer Avenue, Winter Park – Offered at $1,595,000. Beautiful 4-bedroom, 3.5 bath home with an additional 1/1 guest apartment above the 3-car garage. Tastefully updated, this lovely residence features large, formal living spaces, a chef's kitchen, and first floor primary bedroom. The grand living room at the front of the home draws design inspiration from Spanish Revival architecture and features oversized windows which overlook Winter Park's majestic lakefront estates along Palmer Avenue and is complimented by brick flooring, vaulted beamed ceilings, and a gas fireplace. Located at the heart of the home is the gourmet kitchen with custom cabinetry, granite countertops, and high-end Thermador appliances. A bartop peninsula in the kitchen opens up to the family room which overlooks the backyard; French doors open up to the covered patio. Upstairs you'll find 3 spacious guest bedrooms, two full baths, and an air-conditioned utility/storage room. Above the garage, with its own stairwell entry, is the full guest apartment offering a living space, kitchenette, separate bedroom, and full bath. Located within a half- mile of Park Avenue's shops, restaurants, and museums, this home scores a 10+ on walkability and places you within walking distance to the Winter Park Golf Course and other nearby attractions. Additional highlights and improvements include: 3 new HVAC units, a brand new roof, natural gas, and more.
Unit Size
4,166Ft²
Days on Market
159 days
Land Size
0.30 acres
Price per sqft
$383
Property Type
House
Property Taxes
$972
HOA Dues
-
Year Built
1972
Last updated: 3 months ago (Stellar MLS #O6141884)

Price History

Date / Event Date Event Price
Feb 20, 2024 Sold $1,450,000
Sold
Feb 8, 2024 In contract -
In contract
Oct 24, 2023 Price Decreased $1,595,000
↓ $155K (8.9%)
Price Decreased
Sep 14, 2023 Listed by Kelly Price & Company $1,750,000
Listed by Kelly Price & Company
Walk to Park Avenue – 40 Palmer Avenue, Winter Park – Offered at $1,750,000. Beautiful 4-bedroom, 3.5 bath home with an additional 1/1 guest apartment above the garage. Tastefully updated, this lovely residence features large, formal living spaces, a chef's kitchen, and first floor primary bedroom. The grand living room at the front of the home draws design inspiration from Spanish Revival architecture and features oversized windows which overlook Winter Park's majestic lakefront…
Dec 13, 2013 Sold to Nan M Freeman, Randal G Fre... $765,000
Sold to Nan M Freeman, Randal G Fre...

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1982
  • Building Count: 2
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: Excellent
  • Building Quality: A
  • Exterior Walls Type: Rock and stone
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gambrel
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 616
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 13,047
  • Total Building Area: 5,294
  • Gross Building Area: 5,294
  • Building Area: 3,907
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 3,907
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MACDONALD ROBERT DHU PK 2ND REP
  • Land Acres: 0.3
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 2ND REPLAT R D MACDONALD PARK Q/170 LOT 4 BLK C

Ownership

  • Current Owner : OVN DEVELOPMENT INC
  • Previous Owner : FREEMAN FAMILY TRUST
  • Owner Before Previous Owner: CARUSO PENNY M
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Orange County School District
  • Census Tract: 015801

Zoning

  • Zoning: R-1AA

Geography

  • Assessors Map Reference: 203
  • Subdivision Tract Number: 5322
  • Parcel: 06-22-30-5322-03-040
  • Block: C
  • Lot: 4
  • Meridian: SEC 06 TWN 22S RNG 30E
  • Municipality: WINTER PARK
  • Latitude: 28.6081
  • Longitude: -81.3505

    Address

  • Full Address: 40 Palmer Ave
  • Address - House Number: 40
  • Address - Street Name: Palmer
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Winter Park
  • Carrier Code: C008
  • 4-Digit Zip Code: 2530
  • Zip Code: 32789

Valuation

    Tax

  • Total Area: 4,343
  • Tax Year: 2023
  • Tax Amount: $12,316
  • Tax Rate Code Area: 06-WP

    Appraisal Valuation

  • Standard Deviation: 0.0797
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 94
  • Final Value: 1,552,216
  • High Value: 1,675,931
  • Low Value: 1,428,502

    Market Valuation

  • Market Total Value: $1,086,851
  • Market Land Value: $420,000
  • Market Improvement Value: $666,851

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $817,879

    Sales

  • Current Sale Contract Date: Feb 20, 2024
  • Current Sale Recording Date: Feb 21, 2024
  • Current Sale Transaction ID: 11921649999
  • Current Sale Price: $1,450,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 103567
  • Previous Sale Recording Date: Dec 13, 2013
  • Previous Sale Contract Date: Dec 13, 2013
  • Previous Sale Amount: $765,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: FIRST REPUBLIC BANK
  • Previous Mortgage Transaction Date: Dec 13, 2013
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $535,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: Jan 01, 2044



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
5 Beds
8 Baths
5,256 ft²
$342/ft²
$1,799,000 Nov 30, -0001
$1,750,000 Jul 2, 2013
$1,583/mo
House
4 Beds
5 Baths
3,008 ft²
$623/ft²
$1,875,000 Jun 17, 2023
$1,875,000 Aug 17, 2023
$955/mo
House
3 Beds
4 Baths
3,341 ft²
$494/ft²
$1,650,000 Oct 2, 2023
$1,650,000 Nov 10, 2023
$761/mo
House
4 Beds
4 Baths
2,351 ft²
$534/ft²
$1,255,000 Jul 7, 2023
$1,255,000 Aug 11, 2023
$576/mo
House
3 Beds
3 Baths
3,055 ft²
$548/ft²
$1,675,000 Aug 5, 2023
$1,675,000 Nov 13, 2023
$702/mo
House
4 Beds
3 Baths
2,609 ft²
$650/ft²
$1,695,000 Oct 13, 2023
$1,695,000 Jan 23, 2024
$658/mo
House
4 Beds
4 Baths
3,341 ft²
$537/ft²
$1,795,000 Nov 3, 2023
-
$666/mo
House
4 Beds
3 Baths
3,148 ft²
$443/ft²
$1,395,000 Oct 13, 2023
-
$1,248/mo
House
4 Beds
4 Baths
2,829 ft²
$599/ft²
$1,695,000 Oct 8, 2023
-
$389/mo
House
4 Beds
4 Baths
2,955 ft²
$635/ft²
$1,875,000 Jan 25, 2024
-
$99/mo
House
2 Beds
3 Baths
2,778 ft²
$610/ft²
$1,695,000 Nov 7, 2023
-
$638/mo
Townhouse
3 Beds
3 Baths
2,734 ft²
$547/ft²
$1,495,000 Sep 21, 2023
-
$538/mo

About Winter Park


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Frequently Asked Questions

When was property at 40 Palmer Avenue built and last sold?
The property at 40 Palmer Avenue was built in 1972 and last sold on Feb 20, 2024 for $1,450,000.
How much is this home worth?
The estimated value of the home located at 40 Palmer Avenue is $1,767,500.
What are some comparable homes to 40 Palmer Avenue?
Homes that are comparable to 40 Palmer Avenue include a house property at 1530 Via Tuscany, 1701 Summerland Avenue, 1400 Lyndale Boulevard.

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