NOT LISTED FOR SALE

1020 S Ocean Blvd Palm Beach, FL 33480

Estimated Value: $3,864,000

4 Beds
4.5 Baths
3,859 Sq Ft
$1,001/Sq Ft Est. Value

Last Sold August 01, 2014

Last sale price $4,950,000 $1,283 Per Sq Ft

Est. 22% decrease in value since last sale

Current estimated payment $24,048/month

123 Days on Market

Highlights

  • Ocean Front
  • Private Pool
  • Marble Flooring
  • Palm Beach Public School Rated A-
  • Vaulted Ceiling
  • Corner Lot

About This Home

As of August 2014

Ocean front Bermuda, ''first time on the market in 40 years'' in prime sought after Estate section location. Elegant and well maintained 4 bedroom/ 4.5 bath home on large 22,297 sq. ft. lot with open floor plan featuring dramatic 10' ceilings with bamboo trim, adjoining living room, dining room and great room, perfect for casual or formal entertaining. New stylish kitchen, impact glass doors leadingto the lovely outside patio and pool area with lighted tropical mature landscaping to enjoy the soft ocean breezes. 2 car garage and deeded beach rights. Survey available.

Last Agent to Sell the Property

Grace Brown

Brown Harris Stevens of PB License #637721 Listed on: 02/28/2014

Brown Harris Stevens of PB

Co-Listed By

JIM McCANN

Premier Estate Properties, Inc License #397290

Last Buyer's Agent

Gregory Weadock

William Raveis Real Estate License #0535947

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $18,938

Year Built

  • Built in 1970

Lot Details

  • 0.51 Acre Lot
  • Ocean Front
  • East Facing Home
  • Corner Lot

Parking

  • 2 Car Attached Garage

Interior Spaces

  • 3,859 Sq Ft Home
  • 1-Story Property
  • Bar
  • Vaulted Ceiling
  • Fireplace
  • Awning
  • Combination Dining and Living Room
  • Pool Views

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble
  • Terrazzo

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Private Pool
  • Patio

Utilities

  • Zoned Heating and Cooling System

Community Details

  • Palm Beach Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50434335000020200

Home Details

Home Type

Single Family

Est. Annual Taxes

$18,938

Year Built

Built in 1970

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: A1A just north of Mar-a-Lago - across the street from ocean
  • Year Built: 1970
  • Special Features: None

Interior Features

  • Interior Amenities: Fireplace, Living/Dining Room, Tub Shower, Vaulted Ceiling(s), Bar
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Electric Range, Disposal, Microwave, Refrigerator, Washer
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace: Yes
  • Flooring: Hardwood, Marble, Terrazzo, Wood
  • Living Area: 3859.0
  • Stories: 1

Exterior Features

  • Exterior Features: Awning(s), Patio
  • View: Pool
  • Lot Features: Corner Lot
  • Pool Features: Pool
  • Pool Private: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: Yes
  • Construction Type: Block
  • Direction Faces: East
  • Patio And Porch Features: Patio

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Garage Yn: Yes
  • Parking Features: Attached, Garage, Two or More Spaces

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Zoned
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 50434335000020200
  • Lot Size: Corner Lot,Paved Road,Pu
  • Lot Size Sq Ft: 22297.0
  • Zoning Description: Resident

Tax Info

  • Tax Year: 2013
  • Tax Annual Amount: 18938.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2014
Closed on
Aug 1, 2014
Sold by
Feick Stuart E
Bought by
1020 South Ocean Llc
Seller's Agent
Grace Brown
Brown Harris Stevens of PB
Buyer's Agent
Gregory Weadock
William Raveis Real Estate
List Price
$5,645,000
Sold Price
$4,950,000
Premium/Discount to List
-$695,000
-12.31%
Current Estimated Value
$3,864,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,086,000
Avg. Annual Appreciation
-2.14%
Original Mortgage
$2,970,000
Outstanding Balance
$2,165,851
Interest Rate
3.22%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,698,149

Purchase Details

Closed on
May 8, 2013
Sold by
Thorne Donnelley and Donnelley Patricia
Bought by
100 Via Del Lago Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,700,000
Interest Rate
2.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 10, 2010
Sold by
Mendel Nancy W and Feick Nancy W
Bought by
Donnelley Thorne

Purchase Details

Closed on
May 18, 2010
Sold by
Feick Stuart E and Tremain Anita De Vienne
Bought by
Feick Stuart E and Stuart E Feick Revocable Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
1020 South Ocean Llc $4,950,000 Attorney
100 Via Del Lago Llc $4,500,000 Attorney
Donnelley Thorne $3,360,000 Attorney
Feick Stuart E -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1020 South Ocean Llc $2,970,000
Previous Owner 100 Via Del Lago Llc $2,700,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/01/2014 08/01/14 Sold $4,950,000 -12.3% $1,283 / Sq Ft
07/02/2014 07/02/14 Pending -- -- --
02/28/2014 02/28/14 For Sale $5,645,000 -- $1,463 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

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
2025 $567,762 $30,195,715 -- --
2024 $567,762 $27,450,650 -- --
2023 $527,847 $24,955,136 $0 $0
2022 $445,895 $22,686,487 $0 $0
2021 $338,572 $20,624,079 $11,000,000 $9,624,079
2020 $180,319 $10,800,000 $10,800,000 $0
2019 $172,555 $10,500,000 $10,500,000 $0
2018 $152,509 $9,815,781 $9,815,781 $0
2017 $71,761 $4,224,534 $3,770,034 $454,500
2016 $80,686 $4,681,114 $0 $0
2015 $80,775 $4,499,286 $0 $0
2014 $77,045 $4,236,197 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Grace Brown

    Seller's Agent in 2014

    Grace Brown

    Brown Harris Stevens of PB

    (561) 312-6822

    27 Total Sales

    Grace Brown
    Section Image

  • J

    Seller Co-Listing Agent in 2014

    JIM McCANN

    Premier Estate Properties, Inc

    (561) 307-1525

    63 Total Sales

    JIM McCANN
    Section Image

  • G

    Buyer's Agent in 2014

    Gregory Weadock

    William Raveis Real Estate

    (561) 309-3666

    6 Total Sales

    Gregory Weadock
    Section Image
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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10020406

BeachesMLS (Greater Fort Lauderdale)

APN: 50-43-43-35-00-002-0110

Florida Palm Beach County Palm Beach 33480

1020 S Ocean Blvd, Palm Beach, FL

Not Listed for Sale

Detached

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