$11,825,000
SOLD JUN 30, 2022
3 Beds
3.5 Baths
2,471 Sq Ft
0.29 Acres

Recently Sold

$4,786 Per Sq Ft

1% Below List Price

133 Days on Market

Highlights

  • Heated Pool
  • Marble Flooring
  • Formal Dining Room
  • Palm Beach Public School Rated A-
  • Den
  • Fireplace

About This Home

As of June 2022

Rare 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.

Last Agent to Sell the Property

Gary Pohrer

Serhant License #3068785 Listed on: 01/13/2022

Serhant

Last Buyer's Agent

Gary Pohrer

Serhant License #3068785 Listed on: 01/13/2022

Serhant

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$21,499

Year Built

Built in 1951

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: North on N County Rd, West on Mockingbird Trail, North on N Ocean Way
  • Year Built: 1951
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Dining Area, Separate/Formal Dining Room, Fireplace
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Disposal, Gas Range, Microwave, Refrigerator, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace: Yes
  • Flooring: Hardwood, Marble, Wood
  • Living Area: 2471.0
  • Dining Room Type: Den, Laundry
  • Stories: 1

Exterior Features

  • Exterior Features: Patio
  • Pool Features: Heated, Pool
  • Pool Private: Yes
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Concrete

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Amenities: Other
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 50434303090000171
  • Lot Size: 1/4 to 1/2 Acre
  • Zoning Description: R-B

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 21499.0

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
$13,991,252

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
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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

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 $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

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Map

Source: BeachesMLS

MLS Number: R10770539

BeachesMLS

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