1040 SW 21st Ln Boca Raton, FL 33486
Palm Beach Farms NeighborhoodEstimated Value: $2,320,000 - $5,490,000
5
Beds
5.5
Baths
4,846
Sq Ft
$746/Sq Ft
Est. Value
Highlights
- Property has ocean access
- Home fronts navigable water
- 35,100 Sq Ft lot
- Addison Mizner Elementary School Rated A-
- Private Pool
- 4-minute walk to Pine Breeze Park
About This Home
As of November 2016A needle in a haystack! Almost an acre of land AND ocean access! This elegant custom built estate offers it all! Sprawling 5 bedroom 5 1/2 bath plus office home all on one level! All bedrooms include en-suite bathrooms; perfect triple split design offering the most privacy. Marble and wood flooring. Elegant foyer opens to formal living and dining. Expansive kitchen with all the best features opens to great room with long views of your land. Waterfront living with privacy is hard to come by; but you've found it here! Floor to ceiling windows frame the gorgeous views. So light and bright. Large laundry room with butler's oven, fridge, and warming drawer, perfect for the caterer. The over-sized four car garage leaves plenty of room for all your toys. This estate has it all!
Last Agent to Sell the Property
Compass Florida LLC License #672167 Listed on: 09/21/2015
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $19,750
Year Built
- Built in 2002
Lot Details
- 0.81 Acre Lot
- Home fronts navigable water
- Property is zoned R1D
Parking
- 4 Car Garage
- Garage Door Opener
- Circular Driveway
Interior Spaces
- 4,846 Sq Ft Home
- 1-Story Property
- Wet Bar
- Central Vacuum
- Built-In Features
- Bar
- Entrance Foyer
- Great Room
- Fire and Smoke Detector
Kitchen
- Built-In Oven
- Gas Range
- Microwave
- Dishwasher
- Trash Compactor
Flooring
- Wood
- Marble
Bedrooms and Bathrooms
- 5 Bedrooms
- Split Bedroom Floorplan
Laundry
- Laundry Room
- Dryer
- Washer
- Laundry Tub
Outdoor Features
- Private Pool
- Property has ocean access
- Canal Access
- Rip-Rap
Utilities
- Central Heating and Cooling System
- Electric Water Heater
- Water Purifier
- Cable TV Available
Community Details
- Palm Beach Farms Subdivision
Listing and Financial Details
- Assessor Parcel Number 06424736010790290
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 21, 2015
Closed on
Nov 29, 2016
Sold by
Aloisi Glenn and Aloisi Georgina
Bought by
Welcom John and Fugler Merritt
Seller's Agent
Karen Baker
Compass Florida LLC
Buyer's Agent
Greg Lynn
Lynn Realty Group
List Price
$2,499,000
Sold Price
$2,225,000
Premium/Discount to List
-$274,000
-10.96%
Total Days on Market
404
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,388,909
Avg. Annual Appreciation
4.69%
Original Mortgage
$1,668,750
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Aug 15, 2005
Sold by
Alexson Michael M and Alexson Laurie J
Bought by
Aloisi Glenn and Aloisi Georgina
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,600,000
Interest Rate
5.5%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Oct 28, 2002
Sold by
Preusse Homes Inc
Bought by
Alexson Michael M and Alexson Laurie J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$999,750
Interest Rate
4.57%
Purchase Details
Closed on
Jan 15, 2002
Sold by
Day William and Day Donna C
Bought by
Preusse Homes Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
6.85%
Similar Homes in the area
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Welcom John | $2,225,000 | None Available | |
| Aloisi Glenn | $2,000,000 | -- | |
| Alexson Michael M | $1,380,000 | -- | |
| Preusse Homes Inc | $350,000 | -- | |
| Preusse Homes Inc | $350,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Welcom John | $1,270,000 | |
| Closed | Welcom John | $1,668,750 | |
| Previous Owner | Aloisi Glenn | $300,000 | |
| Previous Owner | Aloisi Glenn | $1,600,000 | |
| Previous Owner | Alexson Michael M | $1,462,500 | |
| Previous Owner | Alexson Michael M | $1,190,000 | |
| Previous Owner | Alexson Michael M | $999,750 | |
| Previous Owner | Preusse Homes Inc | $2,000,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/29/2016 11/29/16 | Sold | $2,225,000 | -11.0% | $459 / Sq Ft |
| 10/30/2016 10/30/16 | Pending | -- | -- | -- |
| 09/21/2015 09/21/15 | For Sale | $2,499,000 | -- | $516 / Sq Ft |
Source: BeachesMLS
Tax History Compared to Growth
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 | $24,661 | $1,469,750 | -- | -- |
| 2023 | $24,133 | $1,426,942 | $0 | $0 |
| 2022 | $23,952 | $1,385,381 | $0 | $0 |
| 2021 | $23,879 | $1,345,030 | $0 | $0 |
| 2020 | $23,544 | $1,326,460 | $0 | $0 |
| 2019 | $23,666 | $1,296,637 | $0 | $0 |
| 2018 | $22,180 | $1,272,460 | $0 | $0 |
| 2017 | $22,055 | $1,246,288 | $0 | $0 |
| 2016 | $19,236 | $1,064,098 | $0 | $0 |
| 2015 | $19,669 | $1,052,158 | $0 | $0 |
| 2014 | $19,750 | $1,043,808 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Karen Baker
K
Seller's Agent in 2016
Karen Baker
Compass Florida LLC
53 Total Sales
-
Greg Lynn
Buyer's Agent in 2016
Greg Lynn
Lynn Realty Group
(561) 212-2024
1 in this area
152 Total Sales
Map
Source: BeachesMLS
MLS Number: R10169356
APN: 06-42-47-36-01-079-0290
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