$800,000
SOLD FEB 25, 2025

732 SW Gardens Blvd Palm City, FL 34990

-- Bed
-- Bath
3,348 Sq Ft
0.35 Acres

Recently Sold

$239 Per Sq Ft

6% Below List Price

16 Days on Market

Highlights

  • Room in yard for a pool
  • Central Air
  • No Heating
  • Palm City Elementary School Rated A-

About This Home

As of February 2025

Investment Opportunity with a lot of potential in growing Palm City - this 4 Plex on a quiet cul-de-sac features Four (2) bedroom, (1) bath apartments with approx 837 a/c sf per unit. Each unit includes 2 parking spaces, ceiling fans, newer appliances, and use of on-site laundry facility. Two units are MTM, one lease end Feb 2025, the other Sept 2025. Solid paying tenants. In need of minor facelift - Major room to improve the current rent roll. Convenient to I-95 & Turnpike. Do not disturb tenants. Call Listing Agents.

Last Agent to Sell the Property

Rachel Cramer

Illustrated Properties/Hobe So License #682942

Co-Listed By

Jessica Zahn

Illustrated Properties License #3289000

Last Buyer's Agent

Jason Flannery

Illustrated Properties LLC License #3053611

Illustrated Properties LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,956

Year Built

  • Built in 1982

Home Design

  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 3,348 Sq Ft Home
  • 1-Story Property

Utilities

  • Central Air
  • No Heating
  • Well
  • Septic Tank

Additional Features

  • Room in yard for a pool
  • 0.35 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 203841002015000605

Community Details

Overview

  • 4 Units
  • Palm City Gardens Subdivision

Building Details

  • Operating Expense $15,000
  • Net Operating Income $43,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,956

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: Google maps to SW Gardens Blvd
  • Year Built: 1982
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Flooring: Other
  • Living Area: 3348.0

Exterior Features

  • Exterior Features: Room For Pool
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Composition, Shingle

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: None
  • Heating Yn: No
  • Sewer: Septic Tank
  • Utilities: Electricity Available
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 203841002015000605
  • Lot Size: 1/4 to 1/2 Acre
  • Lot Size Sq Ft: 15246.0
  • Zoning Description: Quadripl
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 43000.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 15000.0

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 8956.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2025 02/25/25 Sold $800,000 -5.9% $239 / Sq Ft
02/14/2025 02/14/25 Pending -- -- --
01/29/2025 01/29/25 For Sale $850,000 -- $254 / Sq Ft
Source: BeachesMLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $8,155 $509,506 -- --
2023 $8,155 $463,188 $0 $0
2022 $7,187 $421,080 $0 $0
2021 $6,681 $382,800 $0 $0
2020 $6,074 $348,000 $115,000 $233,000
2019 $5,599 $316,800 $110,000 $206,800
2018 $5,598 $336,000 $105,000 $231,000
2017 $4,925 $310,800 $157,500 $153,300
2016 $4,328 $255,300 $130,500 $124,800
2015 $3,447 $234,600 $112,500 $122,100
2014 $3,447 $210,000 $112,500 $97,500
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $120,000 New Conventional
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $800,000 None Listed On Document
Warranty Deed $270,000 None Available
Quit Claim Deed $25,000 None Available
Special Warranty Deed $95,000 Attorney
Warranty Deed $100 --
Source: Public Records

Source: BeachesMLS

MLS Number: R11058056

BeachesMLS

APN: 20-38-41-002-015-00060-5