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842 Palmetto Terrace

842 Palmetto Terrace, Oviedo, FL 32765
Property in Meadowcrest
Sold Apr 06, 2021
$393,000
$393,000 by Guaranteed Rate Affinity Llc
Mortgage Due Apr 01, 2051
Sold Oct 20, 1997
$185,900
Local assessors in Oviedo, FL have categorized 842 Palmetto Terrace as a residential type of property. The home was built in 1997 and is 27 years old. The property's lot size has been calculated to be 17,499 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 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 842 Palmetto Terrace has a total of 2,249 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 659 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 masonry control joints. The building has a cathedral style roof that was made of composition shingle. Lots of concrete block 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. As for flooring, was the material of choice during construction. Residents rely on air conditioning for their cooling system. The home's a space/suspended heating system is the primary heating source and it is being fueled with gas. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 842 Palmetto Terrace was last sold in Mar 31, 2021 for $393,000. According to our calculations, that's $135.14 per sqft. Prior to that sales transaction, the property was sold for $185,900 in Jan 1, 1970. Current property owners are expected to pay $5,607 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2017. The property on 842 Palmetto Terrace was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $399,085. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 11
  • Building Condition: Average
  • Construction Type: Masonry
  • Exterior Walls Type: Concrete block
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Cathedral
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 659
  • Parking Space Count: 2
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 17,499
  • Total Building Area: 2,908
  • Gross Building Area: 2,908
  • Building Area: 2,249
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Space/suspended
  • Heated Square Feet: 2,249
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MEADOWCREST
  • Land Acres: 0.402
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 4 MEADOWCREST PB 47 PGS 19 & 20

Ownership

  • Current Owner : FINE MICHAEL D
  • Current Owner 2: DRUMMOND KRISTEN E
  • Previous Owner : BROCK PAMELA ANN
  • Owner Before Previous Owner: CALTON HOMES OF FLA INC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Seminole County School District
  • School Tax School District: OVIEDO
  • Census Tract: 021311

Zoning

  • Zoning: R1A

Geography

  • Assessors Map Reference: 0087E456
  • Subdivision Tract Number: 527
  • Parcel: 10-21-31-527-0000-0040
  • Lot: 4
  • Meridian: SEC 10 TWN 21S RNG 31E
  • Municipality: OVIEDO
  • Latitude: 28.6841
  • Longitude: -81.1986

    Address

  • Full Address: 842 Palmetto Ter
  • Address - House Number: 842
  • Address - Street Name: Palmetto
  • Address - Suffix Type: Ter
  • State: FL
  • City Name: Oviedo
  • Carrier Code: R029
  • 4-Digit Zip Code: 9464
  • Zip Code: 32765

Valuation

    Tax

  • Total Area: 3,205
  • Tax Year: 2023
  • Tax Amount: $5,607
  • Intital Tax Deliquent Year: 2017
  • Tax Rate Code Area: V1

    Appraisal Valuation

  • Standard Deviation: 0.1878
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 75
  • Final Value: 546,300
  • High Value: 648,928
  • Low Value: 443,672

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $393,000
  • First Open Lien Mortgage Lender: GUARANTEED RATE AFFINITY LLC
  • First Open Lien Mortgage Recording Date: Apr 06, 2021
  • First Open Lien Mortgage Loan Amount: $393,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2051

    Market Valuation

  • Market Total Value: $453,521
  • Market Land Value: $100,000
  • Market Improvement Value: $353,521

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $399,085

    Exemptions

  • Veteran Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 31, 2021
  • Current Sale Recording Date: Apr 06, 2021
  • Current Sale Transaction ID: 11830047816
  • Current Sale Price: $393,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021044208
  • Previous Sale Recording Date: Oct 20, 1997
  • Previous Sale Amount: $185,900
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE AFFINITY LLC
  • First Mortgage Transaction Date: Apr 06, 2021
  • First Mortgage Loan Amount: $393,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Apr 01, 2051

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Frequently Asked Questions

What neighborhood is 842 Palmetto Terrace located in?
The 842 Palmetto Terrace is a located in the neighborhood of Meadowcrest in Meadowcrest, Oviedo.
What is the average sales price for listings in 842 Palmetto Terrace?
The average sales price for units in 842 Palmetto Terrace is $0 currently.

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