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514 Palm Avenue

514 Palm Avenue, Nokomis, FL 34275
Property in Bay Point
Sold Jul 12, 2021
$580,000
$464,000 by Envoy Mortgage Ltd
Mortgage Due Jul 01, 2051
Sold Aug 20, 2007
$225,000
$180,000 by Bank Of America Na
Mortgage Due Sep 01, 2037
514 Palm Avenue has been categorized by the local assessors in Nokomis, FL as a residential type of property. The building on the property was first built in 1974 and is 50 years old. However, we must point out that the home was most recently renovated and altered in 2009. The home has a total of 6 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 3 full bathrooms. There are 4 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 514 Palm Avenue has 2,172 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,240 ft and across the front of the lot is 1,190 ft. The area measurement of the land has been determined as 15,495 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 484 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying both a unknown and a unknown. Love to swim? You'll be excited to find out that there is a pool on the property. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with masonry control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The building has a hip style roof made of asphalt. The exterior walls of the building are made of stucco. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system. Finally, the property is currently sourcing its water from a municipal system. The property is connected to a septic system and not a municipal sewage system. The homeowner of this property will need to handle their own water disposal. The property was last sold in Jun 30, 2021 for $580,000. That's $218.37 per sqft. Prior to that sales transaction, the property was also sold in Aug 16, 2007 for $225,000. 514 Palm Avenue was last assessed in 2023. The total value of the property was assessed at $541,330. 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 $6,587. 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. 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: 1974
  • Effective Year Built: 2009
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Exterior Walls Type: Stucco
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Hip
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Wood
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 484
  • Parking Space Count: 2
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 15,495
  • Lot Size Depth Feet: 1,240
  • Lot Size Frontage Feet: 1,190
  • Total Building Area: 2,656
  • Gross Building Area: 2,656
  • Building Area: 2,172
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,172
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Septic
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: MITCHEM REPLAT
  • Land Acres: 0.356
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SW 1/2 LOT 8 ALL LOT 9 & NE 4 FT LOT 10 BLK 41 MITCHEM REPLAT OF BLK 41 BAY POINT,

Ownership

  • Current Owner : MARTIN JILL M
  • Previous Owner : KERN JOHN P
  • Previous Owner 2: KERN LORI J
  • Owner Before Previous Owner: DESJARDIN ANGELA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Sarasota County School District
  • School Tax School District: L047 A055 G054
  • Census Tract: 002203

Zoning

  • Zoning: RSF3

Geography

  • Assessors Map Reference: 37A
  • Account Number: 0172140007
  • Subdivision Tract Number: 1824
  • Parcel: 0172-14-0007
  • Block: 41
  • Lot: 8-10
  • Meridian: SEC 01 TWN 39S RNG 18E
  • Municipality: SARASOTA COUNTY
  • Latitude: 27.1169
  • Longitude: -82.4614

    Address

  • Full Address: 514 Palm Ave
  • Address - House Number: 514
  • Address - Street Name: Palm
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Nokomis
  • Carrier Code: R012
  • 4-Digit Zip Code: 3095
  • Zip Code: 34275

Valuation

    Tax

  • Total Area: 3,156
  • Tax Year: 2023
  • Tax Amount: $6,587
  • Tax Rate Code Area: 4700

    Appraisal Valuation

  • Standard Deviation: 0.1643
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 79
  • Final Value: 761,961
  • High Value: 887,163
  • Low Value: 636,760

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $464,000
  • First Open Lien Mortgage Lender: ENVOY MORTGAGE LTD
  • First Open Lien Mortgage Recording Date: Jul 12, 2021
  • First Open Lien Mortgage Loan Amount: $464,000
  • 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: Jul 01, 2051

    Market Valuation

  • Market Total Value: $601,600
  • Market Land Value: $193,900
  • Market Improvement Value: $407,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $541,330

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 30, 2021
  • Current Sale Recording Date: Jul 12, 2021
  • Current Sale Transaction ID: 11842365922
  • Current Sale Price: $580,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021128883
  • Previous Sale Recording Date: Aug 20, 2007
  • Previous Sale Contract Date: Aug 16, 2007
  • Previous Sale Amount: $225,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ENVOY MORTGAGE LTD
  • First Mortgage Transaction Date: Jul 12, 2021
  • First Mortgage Loan Amount: $464,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF AMERICA NA
  • Previous Mortgage Transaction Date: Aug 20, 2007
  • Previous Mortgage Loan Amount: $180,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Sep 01, 2037

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Frequently Asked Questions

What neighborhood is 514 Palm Avenue located in?
The 514 Palm Avenue is a located in the neighborhood of Bay Point in Bay Point, Nokomis.
What is the average sales price for listings in 514 Palm Avenue?
The average sales price for units in 514 Palm Avenue is $0 currently.

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