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5034 Southwest Melrose Court

5034 Southwest Melrose Court, Palm City, FL 34990
Property in Palm City
Sold Jan 10, 2022
$750,000
$592,000 by Pnc Bank Na
Mortgage Due Jan 01, 2052
Sold Dec 27, 1996
$254,500
$203,500 by Barnett Bank
Mortgage
5034 Southwest Melrose Court in Palm City, FL was first built in 1996 and is 28 years old. Although, the building on the property was most recently renovated and altered in 2011. This has been categorized as a residential property type. It is a single story home. There are a total of 4 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 5034 Southwest Melrose Court has 2,615 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 18,949 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. For those who love swimming as a form of exercise, you'll be excited to find out that there is a both a pool and a spa on the property. The home has a gable or hip style roof made of concrete. Water for the property is sourced from none system. We do not have data on where the property's water is sourced from. For those who need parking, there is a attached garage. The garage is 570 sqft. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with concrete block control joints. The condition of the building has been evaluated as average. The exterior walls of the home are made of stucco. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system. 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, 5034 Southwest Melrose Court sold most recently in Dec 28, 2021 for a total of $750,000. If you work out the math, that's approximately a cost of $235.48 per sqft. Before that, the property was also sold for $254,500 in Jan 1, 1970. 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 $7,634 in taxes each year. 5034 Southwest Melrose Court was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $489,649. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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: 1996
  • Effective Year Built: 2011
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • 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: Concrete
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 570
  • Parking Space Count: 2
  • Pool Type: Pool & spa (both)

    Dimensions

  • Lot Size Square Feet: 18,949
  • Total Building Area: 3,185
  • Gross Building Area: 3,185
  • Building Area: 2,615
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,615
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: None
  • Water Service: None

Building

  • Property Class: Residential
  • Subdivision: HAMMOCK CREEK
  • Land Acres: 0.435
  • Standard Land Use Code: Single family residential
  • Legal Description 1: HAMMOCK CREEK PL 2 LOT 108

Ownership

  • Current Owner : THOMAS ZUG AND CAROLYN KING REVOCABLE TRUST
  • Previous Owner : THOMAS ZUG AND CAROLYN KING REVOCABLE TR
  • Owner Before Previous Owner: LENNAR HOMES INC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Revocable Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Martin County School District
  • Census Tract: 000604

Zoning

  • Zoning: PUDR

Geography

  • Assessors Map Reference: HG-20
  • Parcel: 24-38-40-002-000-01080-0
  • Lot: 108
  • Meridian: SEC 24 TWN 38S RNG 40E
  • Latitude: 27.1443
  • Longitude: -80.2889

    Address

  • Full Address: 5034 Sw Melrose Ct
  • Address - House Number: 5034
  • Street Direction: SW
  • Address - Street Name: Melrose
  • Address - Suffix Type: Ct
  • State: FL
  • City Name: Palm City
  • Carrier Code: R027
  • 4-Digit Zip Code: 7912
  • Zip Code: 34990

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,634
  • Tax Rate Code Area: 5005 WESTE

    Appraisal Valuation

  • Standard Deviation: 0.1907
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 74
  • Final Value: 877,864
  • High Value: 1,045,358
  • Low Value: 710,369

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $592,000
  • First Open Lien Mortgage Lender: PNC BANK NA
  • First Open Lien Mortgage Recording Date: Jan 10, 2022
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $592,000
  • 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, 2052

    Market Valuation

  • Market Total Value: $734,760
  • Market Land Value: $297,000
  • Market Improvement Value: $437,760

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $489,649

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 28, 2021
  • Current Sale Recording Date: Jan 10, 2022
  • Current Sale Transaction ID: 11877680606
  • Current Sale Price: $750,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2935910
  • Previous Sale Recording Date: Dec 27, 1996
  • Previous Sale Amount: $254,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PNC BANK NA
  • First Mortgage Transaction Date: Jan 10, 2022
  • First Mortgage Loan Amount: $592,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2052

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: BARNETT BANK
  • Previous Mortgage Transaction Date: Dec 27, 1996
  • Previous Mortgage Loan Amount: $203,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

About Palm City



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Frequently Asked Questions

What neighborhood is 5034 Southwest Melrose Court located in?
The 5034 Southwest Melrose Court is a located in the neighborhood of Palm City in Palm City, Palm City.
What is the average sales price for listings in 5034 Southwest Melrose Court?
The average sales price for units in 5034 Southwest Melrose Court is $0 currently.

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