NOT LISTED FOR SALE

Marina Tower 108 Lakeshore Dr Unit 7380 North Palm Beach, FL 33408

Estimated Value: $877,000 - $967,000

3 Beds
2.5 Baths
2,200 Sq Ft
$985/mo HOA Fee

Last Sold August 26, 2016

Last sale price $455,000 $207 Per Sq Ft

Est. 103% increase in value since last sale

Current estimated payment $7,126/month

118 Days on Market

Highlights

  • Boat Ramp
  • Gated with Attendant
  • Community Pool
  • Property fronts an intracoastal waterway
  • Home fronts a lagoon or estuary
  • Detached Garage

About This Home

As of August 2016

Beautiful & peaceful panoramic views from the wrap around balcony is just one of the highlights of this property. Fabulous pool/spa/summer kitchen overlooking the world class marina. Old Port Cove is a manned gated community offering wonderful amenities including an on-site restaurant which is within steps of this building. Two mile walking path takes you around the marina where you can enjoy the water views, the yachts/boats as well as the lush tropical landscaping this development offers. Perfect location close to shopping, dining, golf courses, all within 20 minutes to Palm Beach International Airport. Don't miss out on this opportunity to have your own piece of paradise!

Last Agent to Sell the Property

Joyce Bertagna

RE/MAX Ocean Properties License #SL3050616 Listed on: 03/30/2016

RE/MAX Ocean Properties

Last Buyer's Agent

Julie Pollum

The Keyes Company (Tequesta) License #3057497

The Keyes Company (Tequesta)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,843

Year Built

  • Built in 1975

Lot Details

  • East Facing Home

HOA Fees

  • $985 Monthly HOA Fees

Property Views

Interior Spaces

  • 2,200 Sq Ft Home
  • Furnished or left unfurnished upon request
  • Bar
  • French Doors
  • Ceramic Tile Flooring
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • Detached Garage
  • 1 Carport Space
  • Assigned Parking

Additional Features

  • Wrap Around Porch
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 6844209280007380

Community Details

Overview

  • Association fees include management, common areas, insurance, maintenance structure, water
  • 8 Units
  • Old Port Cove Cond Five A Subdivision
  • 20-Story Property

Recreation

  • Boat Ramp
  • Boating

Security

  • Gated with Attendant
  • Resident Manager or Management On Site
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,843

Year Built

Built in 1975

Lot Details

0

HOA Fees

$985 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: Entrance to Old Port Cove is on the east side of US 1 just south of the PGA Blvd./US 1 intersection.
  • Year Built: 1975
  • Carport Y N: Yes
  • Special Features: None

Interior Features

  • Interior Amenities: French Door(s)/Atrium Door(s), Split Bedrooms, Bar, Walk-In Closet(s)
  • Furnished: Negotiable
  • Appliances: Dryer, Dishwasher, Refrigerator, Washer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: French Doors
  • Flooring: Ceramic Tile
  • Stories: 20
  • Window Features: Drapes

Exterior Features

  • Exterior Features: Porch
  • View: Intercoastal, Lagoon, Water
  • Pool Features: None, Community
  • View: Yes
  • Waterfront Features: Intracoastal Access, Lagoon
  • Waterfront: Yes
  • Construction Type: Block
  • Direction Faces: East
  • Patio And Porch Features: Wrap Around

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Attached Garage: No
  • Carport Spaces: 1.0
  • Garage Yn: No
  • Parking Features: Assigned, Detached, Garage

Utilities

  • Security: Gated with Guard, Smoke Detector(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Electricity Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 985.0
  • Community Features: Boat Facilities, Property Manager On-Site, Pool, Sidewalks
  • Senior Community: No
  • Association Fee Frequency: Monthly
  • Pets Allowed: Conditional

Fee Information

  • Association Fee Includes: Association Management, Common Areas, Insurance, Maintenance Structure, Water

Lot Info

  • Parcel #: 6844209280007380
  • Lot Size Sq Ft: 90.0
  • Zoning Description: RES
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 6843.0

Multi Family

  • Number Of Units In Community: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 30, 2016
Closed on
Aug 24, 2016
Sold by
Mahoney Michael J and Mahoney Colleen G
Bought by
Albanese Salvatore and Albanese Maria
Seller's Agent
Joyce Bertagna
RE/MAX Ocean Properties
Buyer's Agent
Julie Pollum
The Keyes Company (Tequesta)
List Price
$525,000
Sold Price
$455,000
Premium/Discount to List
-$70,000
-13.33%
Current Estimated Value
$923,586

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$468,586
Avg. Annual Appreciation
8.03%

Purchase Details

Closed on
May 26, 2009
Sold by
Zitin Merton H and Zitin Audrey
Bought by
Mahoney Michael J and Mahoney Colleen G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
4.81%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 3, 1998
Sold by
Weisz Stanley
Bought by
Zitin Merton H and Zitin Audrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,500
Interest Rate
7.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 16, 1997
Sold by
Clerk Of The Court
Bought by
Weisz Stanley
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Albanese Salvatore $455,000 All Florida Land Title Co
Mahoney Michael J $335,000 Lighthouse Title Svcs Inc
Zitin Merton H $190,000 --
Weisz Stanley $135,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mahoney Michael J $200,000
Previous Owner Zitin Merton $174,000
Previous Owner Weisz Stanley $180,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2016 08/26/16 Sold $455,000 -13.3% $207 / Sq Ft
07/27/2016 07/27/16 Pending -- -- --
03/30/2016 03/30/16 For Sale $525,000 0.0% $239 / Sq Ft
12/15/2014 12/15/14 Rented $4,000 -11.1% --
11/15/2014 11/15/14 Under Contract -- -- --
10/12/2014 10/12/14 For Rent $4,500 -- --
Source: BeachesMLS

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 $13,304 $592,295 -- --
2023 $12,431 $538,450 $0 $0
2022 $10,319 $489,500 $0 $0
2021 $9,185 $445,000 $0 $445,000
2020 $9,019 $425,000 $0 $425,000
2019 $8,836 $425,000 $0 $425,000
2018 $8,083 $425,000 $0 $425,000
2017 $7,060 $335,000 $0 $0
2016 $6,117 $332,750 $0 $0
2015 $6,843 $302,500 $0 $0
2014 $6,359 $275,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10221134

BeachesMLS

APN: 68-43-42-09-28-000-7380