
1198 N Ocean Way Palm Beach, FL 33480
North End Neighborhood
3
Beds
3.5
Baths
2,471
Sq Ft
0.29
Acres
Highlights
- Heated Pool
- Marble Flooring
- Formal Dining Room
- Palm Beach Public School Rated A-
- Den
- Fireplace
About This Home
As of June 2022Rare opportunity to come to market! Located on a pristine corner lot, 1198 N Ocean Blvd is a Bermuda Style home with 3 bedrooms and a den / 3 bathrooms only three properties from the ocean on the North End of the Island. Perfect for entertaining in every way including a gorgeous pool area with outdoor dining space and spacious living room with a fireplace. This property has privileges at the best oceanfront cabana on the entire island that has access only from its streets residents.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $21,499
Year Built
- Built in 1951
Parking
- 2 Car Attached Garage
Home Design
- Concrete Roof
Interior Spaces
- 2,471 Sq Ft Home
- 1-Story Property
- Fireplace
- Formal Dining Room
- Den
Kitchen
- Gas Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Marble
Bedrooms and Bathrooms
- 3 Bedrooms
Laundry
- Laundry Room
- Dryer
- Washer
Outdoor Features
- Heated Pool
- Patio
Additional Features
- Property is zoned R-B
- Central Heating and Cooling System
Community Details
- Wells Road & North Subdivision
Listing and Financial Details
- Assessor Parcel Number 50434303090000171
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 15, 2022
Closed on
Jun 30, 2022
Sold by
Kuhlman Homestead Trust
Bought by
Williams Douglas L and Sirchio Gabrielle J
Seller's Agent
GARY POHRER
Douglas Elliman
Buyer's Agent
GARY POHRER
THE CORCORAN GROUP 2435
List Price
$11,825,000
Sold Price
$11,825,000
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
$2,166,252
Avg. Annual Appreciation
5.60%
Original Mortgage
$5,000,000
Outstanding Balance
$4,711,233
Interest Rate
3.13%
Mortgage Type
New Conventional
Estimated Equity
$9,290,989
Purchase Details
Closed on
Feb 10, 2021
Sold by
Kuhlman J T J and Kuhlman Kerry Anne
Bought by
Kuhlman J T J and Kuhlman Kerry Anne
Purchase Details
Closed on
Oct 8, 2010
Sold by
Kuhlman John Thane and Kuhlman Kerry Anne
Bought by
Kuhlman J T
Purchase Details
Closed on
Jun 4, 2010
Sold by
Nordhausen Kuhlman Alice
Bought by
Kuhlman John Thane
Purchase Details
Closed on
Mar 19, 2009
Sold by
Nordhausen Kuhlman Alice
Bought by
Kuhlman Alice Nordhausen
Purchase Details
Closed on
Jan 23, 2002
Sold by
Kuhlman Alice N and Estate Of Thane Anderson Kuhlm
Bought by
Kuhlman Alice Nordhausen and Thane Anderson Kuhlman Credit Shelter Tr
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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 | Type | Sale Price | Title Company |
---|---|---|---|
Warranty Deed | $11,825,000 | Jones Foster Pa | |
Interfamily Deed Transfer | -- | Attorney | |
Interfamily Deed Transfer | -- | Attorney | |
Interfamily Deed Transfer | -- | Attorney | |
Interfamily Deed Transfer | -- | Attorney | |
Interfamily Deed Transfer | -- | Attorney | |
Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
Date | Status | Loan Amount | Loan Type |
---|---|---|---|
Open | $5,000,000 | New Conventional |
Source: Public Records
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
06/30/2022 06/30/22 | Sold | $11,825,000 | 0.0% | $4,786 / Sq Ft |
06/30/2022 06/30/22 | Sold | $11,825,000 | 0.0% | $4,786 / Sq Ft |
05/31/2022 05/31/22 | Pending | -- | -- | -- |
03/08/2022 03/08/22 | Pending | -- | -- | -- |
02/15/2022 02/15/22 | For Sale | $11,825,000 | -0.6% | $4,786 / Sq Ft |
01/17/2022 01/17/22 | For Sale | $11,900,000 | -- | $4,816 / 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 | $85,885 | $5,751,525 | -- | -- |
2023 | $116,210 | $7,722,226 | $5,584,005 | $2,138,221 |
2022 | $21,113 | $1,346,285 | $0 | $0 |
2021 | $21,499 | $1,307,073 | $0 | $0 |
2020 | $21,528 | $1,289,027 | $0 | $0 |
2019 | $21,479 | $1,260,046 | $0 | $0 |
2018 | $20,426 | $1,236,552 | $0 | $0 |
2017 | $20,415 | $1,211,119 | $0 | $0 |
2016 | $19,890 | $1,186,209 | $0 | $0 |
2015 | $20,565 | $1,177,963 | $0 | $0 |
2014 | $20,663 | $1,168,614 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
G
Seller's Agent in 2022
GARY POHRER
Douglas Elliman
Map
Source: BeachesMLS
MLS Number: R10770539

APN: 50-43-43-03-09-000-0171
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