NOT LISTED FOR SALE

Estimated Value: $9,099,000

5 Beds
4 Baths
4,992 Sq Ft
$1,823/Sq Ft Est. Value

Last Sold January 30, 2013

Last sale price $6,250,000 $1,252 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $58,918/month

13 Days on Market

Highlights

  • Property has ocean access
  • Gas Heated Pool
  • Marble Flooring
  • Palm Beach Public School Rated A-
  • Waterfront
  • Lanai

About This Home

As of January 2013

This home is located at 1 Wells Cir, Palm Beach, FL 33480 since 09 January 2013 and is currently estimated at $9,099,000, approximately $1,822 per square foot. This property was built in 1969. 1 Wells Cir is a home located in Palm Beach County with nearby schools including Palm Beach Public School, Conniston Middle School, and Palm Beach Lakes Community High School.

Last Agent to Sell the Property

Lawrence A Moens

Lawrence A. Moens Associates, Inc. License #202740 Listed on: 01/09/2013

Last Buyer's Agent

Lawrence A Moens

Lawrence A. Moens Associates, Inc. License #202740 Listed on: 01/09/2013

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $77,224

Year Built

  • Built in 1969

Lot Details

  • Waterfront
  • Cul-De-Sac
  • Home has North and South Exposure
  • Back Yard Fenced
  • Sprinkler System
  • Property is zoned RB

Home Design

  • Frame Construction
  • Wood Shingle Roof
  • Wood Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 4,992 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Central Vacuum
  • Ceiling Fan
  • Fireplace
  • Double Hung Windows
  • Sliding Windows
  • Casement Windows
  • Dining Room
  • Library
  • Utility Room
  • Home Security System

Kitchen

  • Eat-In Kitchen
  • Double Oven
  • Electric Range
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Disposal
  • Instant Hot Water

Flooring

  • Wood
  • Wall to Wall Carpet
  • Marble
  • Terrazzo

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Pool

  • Gas Heated Pool
  • Outdoor Pool

Outdoor Features

  • Property has ocean access
  • Balcony
  • Patio
  • Lanai
  • Attached Grill

Utilities

  • Zoned Heating and Cooling
  • Satellite Dish

Community Details

  • No Home Owners Association
  • Wells Circle Replat Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50434314180000021

Home Details

Home Type

Single Family

Est. Annual Taxes

$77,224

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size: 150
  • Subdivision Name: Wells Circle Replat
  • Architectural Style: Two Story
  • Garage Yn: Yes
  • Year Built: 1969
  • Location Tax Legal:Zoned: RB
  • Location Tax Legal:Homestead Exempt: No
  • Location Tax Legal:Taxes2: 77224.0
  • Location Tax Legal:Tax Year2: 2012
  • General Property Description:Living Area: 4992.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: No
  • Pool:Pool3: Yes
  • Appliances Refrigerators: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • Security:Security System: Yes
  • General Property Description:Lot Dim (1): 150
  • Pool:Heated - Gas: Yes
  • Floors:Hardwood: Yes
  • Floors:Marble: Yes
  • Floors:WW Carpeting: Yes
  • WaterSewer:Sewer: Yes
  • Style:Two Story: Yes
  • Windows:Sliding: Yes
  • WaterSewer:City Water: Yes
  • HOA:None: Yes
  • Exposure:North: Yes
  • Exposure:South: Yes
  • Windows:Single Hung: Yes
  • ACHeat:Multi Zone Air: Yes
  • ACHeat:Multi Zone Heat: Yes
  • Auto Garage Door Opener: Yes
  • Floors:Terrazzo: Yes
  • Windows:Casement: Yes
  • Windows:Double Hung: Yes
  • Roof:Wood Shingle: Yes
  • Lot Size:Cul-De-Sac Lot: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Freezer, Ice Maker, Instant Hot Water, Range-Electric, Oven-Double, Microwave, Washer, Dryer, Central Vac System
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Flooring: Hardwood, Marble, Terrazzo, W/W Carpeting
  • Interior Amenities: Ceiling Fan, Fireplace, Wet Bar, Pantry
  • Living Area: 4992.0
  • Window Features: Casement, Single Hung, Double Hung, Sliding
  • Other Rooms:Dining Room: Yes
  • Other Rooms:Eat-in Kitchen: Yes
  • Other Rooms:Pantry: Yes
  • Other Rooms:Utility Room: Yes
  • Other Rooms:LibraryDen: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Freezer: Yes
  • Appliances:Ice Maker: Yes
  • Appliances:Range - Electric: Yes
  • Interior Features:Ceiling Fan: Yes
  • Interior Features:Fireplace: Yes
  • Appliances:Oven-Double: Yes
  • Interior Features:Wet Bar: Yes
  • Appliances:Central Vac System: Yes
  • Appliances:Instant Hot Water: Yes

Exterior Features

  • Lot Features: 1/2 Acre to 1 Acre, Cul-De-Sac Lot
  • Pool Features: Pool, Fresh Water, Heated - Gas
  • Pool Private: Yes
  • Waterfront Features: No - Waterfront
  • Waterfront: Yes
  • Construction Type: Cement Block/Stucco, Frame
  • Exterior Features: Balcony, Patio/Lanai, Fence-Back Wall, Ocean Access-No Deed, Built-in Grill, Sprinkler System, Satellite Dish
  • Roof: Wood
  • Exterior Features:Balcony: Yes
  • Exterior Features:Sprinkler System: Yes
  • Construction:Cement BlockStucco: Yes
  • Exterior Features:PatioLanai: Yes
  • Exterior Features:Fence - Back Wall: Yes
  • Construction:Frame: Yes
  • Exterior Features:Built-in Grill: Yes
  • Exterior Features:Ocean Access-No Deed: Yes
  • Exterior Features:Satellite Dish: Yes

Garage/Parking

  • Parking Features: 2 Car, Attached, Door Opener
  • Garage: Yes
  • Garage:_two_ Car: Yes

Utilities

  • Security: Security System
  • Heating: Multi Zone Air, Multi Zone Heat
  • Heating Yn: Yes

Lot Info

  • Land Lease Amount Frequency: Yes
  • Parcel #: 50434314180000021
  • Zoning: RB

Tax Info

  • Tax Annual Amount: 77224.0
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 30, 2019
Sold by
Borghi Mark and Borghi Marisa
Bought by
Menkes Allison and Peal Trust
Total Days on Market
13
Current Estimated Value
$9,099,000

Purchase Details

Closed on
Nov 26, 2014
Sold by
Borghi Mark and Borghi Marisa
Bought by
Borghi Mark and Borghi Marisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,400,000
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jan 9, 2013
Closed on
Jan 30, 2013
Sold by
Krasker Paul A
Bought by
Borghi Mark
Seller's Agent
Lawrence A Moens
Lawrence A. Moens Associates, Inc.
Buyer's Agent
Lawrence A Moens
Lawrence A. Moens Associates, Inc.
List Price
$6,250,000
Sold Price
$6,250,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.56%
Original Mortgage
$4,750,000
Interest Rate
3.39%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 21, 2006
Sold by
Mccloskey Patricia C
Bought by
Krasker Paul A and 141 Wells Road Land Trust
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Menkes Allison $8,885,000 Attorney
Borghi Mark -- Attorney
Borghi Mark $5,870,000 Attorney
Krasker Paul A $5,776,990 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Borghi Mark $3,400,000
Previous Owner Borghi Mark $4,750,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/30/2013 01/30/13 Sold $6,250,000 0.0% $1,252 / Sq Ft
01/22/2013 01/22/13 Pending -- -- --
01/09/2013 01/09/13 For Sale $6,250,000 -- $1,252 / Sq Ft
Source: Palm Beach Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $347,829 $18,848,487 -- --
2023 $307,431 $17,134,988 $15,570,000 $9,062,962
2022 $142,652 $7,338,205 $0 $0
2021 $110,729 $6,777,540 $6,777,540 $0
2020 $109,143 $6,501,527 $6,064,632 $436,895
2019 $100,900 $5,916,309 $5,896,170 $20,139
2018 $113,590 $6,891,951 $0 $0
2017 $113,656 $6,750,197 $6,733,580 $16,617
2016 $113,226 $6,612,692 $0 $0
2015 $117,105 $6,566,725 $0 $0
2014 $138,477 $7,661,208 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Palm Beach Board of REALTORS®

MLS Number: 13-75

APN: 50-43-43-14-18-000-0021