NOT LISTED FOR SALE

1123 N Lake Way Palm Beach, FL 33480

North End Neighborhood

Estimated Value: $7,224,504 - $9,300,000

4 Beds
4 Baths
3,145 Sq Ft
$2,687/Sq Ft Est. Value

Highlights

  • Private Pool
  • Deck
  • Garden View
  • Palm Beach Public School Rated A-
  • Marble Flooring
  • High Ceiling

About This Home

As of July 2016

Leased 12/01/16-04/01/17. Elegant Regency with high ceilings and chic furnishings. Two bedrooms in the main house and cabana/guest-suite overlooking the pool. Annual lease or min. 6 month seasonal lease @ $30k per month.

Last Agent to Rent the Property

Rosalind Clarke

Premier Estate Properties, Inc License #401582 Listed on: 06/19/2015

Last Renter's Agent

Christian Angle

Christian Angle Real Estate License #703536

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1985

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Property Views

  • Garden
  • Pool

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 3,145 Sq Ft Home
  • Custom Mirrors
  • Central Vacuum
  • Furnished
  • Built-In Features
  • High Ceiling
  • Fireplace
  • Awning
  • French Doors
  • Entrance Foyer

Kitchen

  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 4 Full Bathrooms
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Outdoor Features

  • Private Pool
  • Balcony
  • Deck
  • Patio
  • Porch

Additional Features

  • Sprinkler System
  • Forced Air Zoned Heating and Cooling System

Community Details

  • El Encanto 2 Subdivision

Listing and Financial Details

  • Property Available on 4/2/16
  • Assessor Parcel Number 50434303110000361

Home Details

Home Type

Single Family

Year Built

Built in 1985

Lot Details

0

Parking

2

Rental Info

  • Tenant Pays: Exterior Electric, Water
  • Available Date: 2016-04-02

Listing Details

  • Prop. Type: Residential Lease
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Northeast corner of North Lake Way and Colonial Lane.
  • Year Built: 1985
  • Carport Y N: No
  • Entry Level: 1
  • Pets No Pets Comments: Other Pet Restrictions:Possible Restrictions
  • Special Features: None

Interior Features

  • Interior Amenities: Built-in Features, Dual Sinks, Entrance Foyer, French Door(s)/Atrium Door(s), Fireplace, High Ceilings, Custom Mirrors, Separate Shower, Walk-In Closet(s), Central Vacuum
  • Furnished: Furnished
  • Appliances: Dryer, Dishwasher, Disposal, Ice Maker, Microwave, Refrigerator, Washer
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Door Features: French Doors
  • Fireplace: Yes
  • Flooring: Hardwood, Marble, Wood
  • Living Area: 3145.0
  • Dining Room Type: Laundry

Exterior Features

  • Exterior Features: Awning(s), Balcony, Deck, Patio
  • View: Garden, Pool
  • Lot Features: Sprinklers Automatic
  • Pool Features: Pool
  • Pool Private: Yes
  • Waterfront: No
  • Patio And Porch Features: Deck, Patio, Porch

Garage/Parking

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

Utilities

  • Security: Security System, Smoke Detector(s)
  • Cooling: Central Air, Zoned
  • Cooling Y N: Yes
  • Heating: Central, Zoned
  • Heating Yn: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Amenities: Other

Lot Info

  • Parcel #: 50434303110000361

Multi Family

  • Number Of Units In Community: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 24, 2014
Sold by
1123 North Lake Way Llc
Bought by
Rich Thomas L
Current Estimated Value
$8,449,126

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,645,000
Outstanding Balance
$1,151,277
Interest Rate
2.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$7,297,849

Purchase Details

Closed on
Dec 29, 2012
Sold by
Rich Thomas L
Bought by
1123 North Lake Way Llc

Purchase Details

Closed on
Feb 1, 2010
Sold by
Moore Victor and Tatooles John J
Bought by
Rich Thomas L

Purchase Details

Closed on
Jun 29, 2007
Sold by
Borman Michael J and Borman Gina M
Bought by
Moore Victor and Tatooles John J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$530,000
Interest Rate
6.16%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 2, 2003
Sold by
Bradfield Geoffrey
Bought by
Borman Michael J and Borman Gina M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,350,000
Interest Rate
2.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 16, 1999
Sold by
University Of Miami
Bought by
Bradfield Geoffrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
7.91%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
Rich Thomas L $2,000,000 Attorney
1123 North Lake Way Llc -- Attorney
Rich Thomas L $2,244,000 Attorney
Moore Victor $2,900,000 None Available
Borman Michael J $1,800,000 --
Bradfield Geoffrey $1,100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rich Thomas L $1,645,000
Previous Owner Moore Victor $530,000
Previous Owner Moore Victor $1,500,000
Previous Owner Borman Michael J $1,350,000
Previous Owner Bradfield Geoffrey $700,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/11/2016 07/11/16 Rented $36,000 +80.0% --
06/11/2016 06/11/16 Under Contract -- -- --
06/19/2015 06/19/15 For Rent $20,000 -- --
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
2025 $56,083 $3,838,853 -- --
2024 $56,083 $3,730,664 -- --
2023 $54,882 $3,622,004 $0 $0
2022 $54,968 $3,516,509 $0 $0
2021 $55,937 $3,414,086 $0 $0
2020 $56,049 $3,366,949 $0 $0
2019 $55,941 $3,291,250 $2,314,350 $976,900
2018 $53,557 $3,214,316 $2,314,350 $899,966
2017 $50,041 $2,935,202 $2,383,228 $551,974
2016 $50,245 $2,894,656 $0 $0
2015 $47,313 $2,631,505 $0 $0
2014 $38,500 $1,987,197 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Rosalind Clarke

    Landlord's Agent in 2016

    Rosalind Clarke

    Premier Estate Properties, Inc

    (561) 818-6351

    1 in this area

    29 Total Sales

    Rosalind Clarke
    Section Image
  • Christian Angle

    Tenant's Agent in 2016

    Christian Angle

    Christian Angle Real Estate

    (561) 629-3015

    74 in this area

    197 Total Sales

    Christian Angle
    Section Image
See All Agents

Map

Source: BeachesMLS

MLS Number: R10145455

BeachesMLS

APN: 50-43-43-03-11-000-0361

Florida Palm Beach County Palm Beach 33480 North End

1123 N Lake Way, Palm Beach, FL

Not Listed for Sale

Detached

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes