5225 SW Ludlum St, Palm City, FL, 34990

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5225 SW Ludlum St, Palm City$1,190,000

Buyer Closing Credits

$10,000^*

1.25% Loan Amount

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1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence

Parking2+ Spaces, Driveway, Garage - Attached, RV/Boat, Unpaved

Attached Garage2 spaces

Year Built1974

HeatingCentral

CoolingCentral Air, Window Unit(s)

WaterfrontCanal

FireplaceFireplace(s)

ViewCanal, Garden

MLS #RX-10939843

StatusActive

About 5225 SW Ludlum St

ZERO DOWN possible. USDA approved. Just appraised at $1.32M for the land alone. Create your own paradise in Palm City! This 10 acre estate is ready for your touches for a new home or business. There is enough land for anything you can think of. Can be subdivided into two 5-acre lots. Currently set up as a 3/3 and a separate 1/1 guest house. Currently used for storage. Let your imagination run wild. Perfect for equestrians, ranch related ventures, marine or mechanics. Lowest cost per acre in the area. Drainage canal for irrigation. Motivated seller says sell. All serious offers considered. Private lender wholesale financing available starting at 5.25% with only 10% down for qualified buyers. Seller may hold a second.

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Property Details

Property Features

Property Information:

• Architectural Style: Ranch
• Year Built: 1974
• Stories: 1
• Living Area: 2,249 SqFt

Listing Office:

• Office Name: Keller Williams Eagle Realty
• Office Phone: (305) 757-1700
• Listing Agent: Michael L Marks

Interior Features

Interior Information:

• Appliances: Automatic Garage Door Opener, Dishwasher, Dryer, Freezer, Microwave, Electric Range, Refrigerator, Washer, Electric Water Heater
• Flooring Type: Carpet, Tile
• Interior: Fireplace(s), Pantry, Walk-in Closet
• Fireplace: Fireplace(s)

Bedroom and Bathroom Information:

• Full Bathrooms: 4
• Total Bedroom Count: 4

Exterior Features

Exterior Information:

• Private Pool: No
• Waterfront: Canal
• View: Canal, Garden
• Exterior: Awnings, Extra Building, Room for Pool, Shed

Parking Information:

• Garage Space: 2 spaces
• Attached Garage: Yes
• Parking: 2+ Spaces, Driveway, Garage - Attached, RV/Boat, Unpaved

Virtual/3D Tour

• Virtual Tour: 5225 SW Ludlum St

Virtual Tour

Lot Features

Lot Information:

• Lot: Private

Utilities

Utilities Information:

• Heating: Central
• Cooling: Central Air, Window Unit(s)

School Info

Assigned Schools Information:

• South Fork High School, Public District Grades 9-12
• Dr. David L. Anderson Middle School, Public District Grades 6-8
• Crystal Lake Elementary School, Public District Grades PK-5

Price Information

Listing Price Info

Price Summary:

• List Price: $1,190,000
• Price Per SqFt: $529/SqFt

Tax Information:

• Annual Amount: $4,918
• Tax Year: 2020

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Housing Market Comparison

See how this home compares to others in Palm City, FL.

Palm City, FL

City

Med. Sold Price

$670.3K

Med. Price/SqFt

$290

Avg. Days On Market

57

# of Sold Homes

31

5225 SW Ludlum St vs Palm City

146 DAYS ON ROCKET

+89 Days

$1,190,000

+$519.6K More

$529/SqFt

+$239 More

KEY TAKEAWAY

This property is $519.6K more than the Median Sold Price and $239/SqFt more than other homes in Palm City, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

• MLS Number: #RX-10939843

Listing Office:

• Office Name: Keller Williams Eagle Realty
• Office Phone: (305) 757-1700
• Listing Agent: Michael L Marks

All listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc.

This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/26/2024, 2:15:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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Property Sales & Tax

Listing History

DATE	EVENT	PRICE
Jun 27, 2005	Jun 27, 2005Home Sold	$590,000

Tax History

YEAR	PROP. TAX	ASSESSMENT
2020	$4,918	$304,516
2019	$4,734	$297,670
2017	$4,460	$286,112

History based on county public records data.

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**Disclosures

Rocket Homes›Florida›Martin County›Palm City›34990›5225 SW Ludlum St

This home is located at 5225 SW Ludlum St in Palm City, FL and zip code 34990. This 2,249 square foot home was built in 1974. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since December 01, 2023 and is currently priced at $1,190,000.

In March 2024 more than 2 listings in Palm City, FL were sold above the asking price. During the same period more than 5 listings were sold at asking price, while more than 24 were sold below. In March 2024 in Palm City, FL there were 5% more homes for sale than in February 2024. The median list price of listings available in March 2024 was $670,333, while the average time on the real estate market was 57 days.

From Rocket Homes Real Estate and based on county public records data.