NOT LISTED FOR SALE

1240 Cocoanut Rd Boca Raton, FL 33432

Spanish River Land Neighborhood

Estimated Value: $4,198,000 - $7,698,000

4 Beds
6 Baths
3,578 Sq Ft
$1,665/Sq Ft Est. Value

Last Sold November 15, 2017

Last sale price $2,000,000 $559 Per Sq Ft

Est. 215% increase in value since last sale

Current estimated payment $40,440/month

371 Days on Market

Highlights

  • Gunite Pool
  • 31,799 Sq Ft lot
  • Sun or Florida Room
  • Boca Raton Community Middle School Rated A-
  • Wood Flooring
  • Den

About This Home

As of November 2017

Rarely available historic Colonial Revival estate home nestled between the beach and intracoastal in The Estates Section of Boca Raton. Designed by renowned Palm Beach architect Maurice Fatio, the house was originally built in 1936 as a villa for the Boca Raton Hotel. Meticulously restored and maintained by the current owners of 39 years, the house retains the integrity of its original design. Examples of this authenticity are represented with finishes such as oak hardwood floors, cypress woodwork and paneling as well as the 3 fireplaces in their original yet elegant condition. Located on 3/4 of an acre surrounded by tropical landscaping, this home is ideal for entertaining and allows for future expansion. A historically significant property in one of the area's premium locations, truly

Last Agent to Sell the Property

Gar Finnvold

Douglas Elliman License #3011088 Listed on: 10/09/2016

Douglas Elliman

Last Buyer's Agent

Torm Martinson

Campbell&Rosemurgy Real Estate License #3064456

Campbell&Rosemurgy Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,126

Year Built

  • Built in 1935

Lot Details

  • 0.73 Acre Lot
  • West Facing Home
  • Sprinkler System
  • Property is zoned R1A

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Circular Driveway

Home Design

  • Brick Exterior Construction
  • Frame Construction
  • Concrete Roof

Interior Spaces

  • 3,578 Sq Ft Home
  • 2-Story Property
  • Bar
  • Fireplace
  • Single Hung Metal Windows
  • Wood Frame Window
  • French Doors
  • Formal Dining Room
  • Den
  • Sun or Florida Room
  • Wood Flooring

Kitchen

  • Electric Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Gunite Pool

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • Spanish River Land Co Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 06434729050100100

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,126

Year Built

Built in 1935

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Camino east of bridge south on Cocoanut
  • Year Built: 1935
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Dining Area, Separate/Formal Dining Room, French Door(s)/Atrium Door(s), Fireplace, Bar
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Refrigerator, Washer
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bedrooms: 4
  • Door Features: French Doors
  • Fireplace: Yes
  • Flooring: Other, Wood
  • Living Area: 3578.0
  • Dining Room Type: Den, Florida Room, Laundry
  • Stories: 2
  • Window Features: Single Hung, Wood Frames

Exterior Features

  • Lot Features: Sprinklers Automatic
  • Pool Features: Gunite, Pool
  • Pool Private: Yes
  • Waterfront: No
  • Construction Type: Brick Veneer, Frame, Stucco
  • Direction Faces: West
  • Roof: Concrete

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Garage Yn: Yes
  • Parking Features: Attached, Circular Driveway, Driveway, Garage, Garage Door Opener

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 06434729050100100
  • Lot Size Sq Ft: 31799.0
  • Zoning Description: R1A
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 10126.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2016
Closed on
Nov 14, 2017
Sold by
Dickenson David B and Dickenson Katherine H
Bought by
Grosswald Daniel A
Seller's Agent
Gar Finnvold
Douglas Elliman
Buyer's Agent
Torm Martinson
Campbell&Rosemurgy Real Estate
List Price
$2,395,000
Sold Price
$2,000,000
Premium/Discount to List
-$395,000
-16.49%
Current Estimated Value
$6,290,173

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,290,173
Avg. Annual Appreciation
16.51%
Original Mortgage
$1,600,000
Outstanding Balance
$1,143,863
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$5,363,219

Purchase Details

Closed on
Mar 13, 2014
Sold by
Overby Mary Annette
Bought by
Dickenson David B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
4.24%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 26, 1993
Sold by
Dickenson David B and Dickenson Katharine H
Bought by
Americas Wholesale Lender

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$543,750
Interest Rate
7.39%
Source: Public Records

Range of Values:

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
Grosswald Daniel A $2,000,000 Attorney
Dickenson David B $550,000 Attorney
Americas Wholesale Lender -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grosswald Daniel A $250,000
Open Grosswald Daniel A $1,600,000
Previous Owner Dickenson David B $249,000
Previous Owner Dickenson David B $350,000
Previous Owner Dickenson David B $800,000
Previous Owner Dickenson David B $840,000
Previous Owner Dickenson David B $825,000
Previous Owner Dickenson David B $300,000
Previous Owner Americas Wholesale Lender $543,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2017 11/15/17 Sold $2,000,000 -16.5% $559 / Sq Ft
10/16/2017 10/16/17 Pending -- -- --
10/09/2016 10/09/16 For Sale $2,395,000 -- $669 / 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 $68,395 $3,162,434 -- --
2023 $67,452 $2,874,940 $4,294,080 $1,333,749
2022 $54,387 $2,613,582 $0 $0
2021 $36,213 $1,987,580 $1,760,000 $227,580
2020 $32,479 $1,780,990 $1,600,000 $180,990
2019 $35,046 $1,868,661 $1,680,000 $188,661
2018 $31,154 $1,737,141 $1,573,510 $163,631
2017 $9,857 $570,371 $0 $0
2016 $9,873 $558,640 $0 $0
2015 $10,126 $554,757 $0 $0
2014 $10,167 $550,354 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Gar Finnvold

    Seller's Agent in 2017

    Gar Finnvold

    Douglas Elliman

    (561) 866-8796

    62 Total Sales

    Section Image

  • T

    Buyer's Agent in 2017

    Torm Martinson

    Campbell&Rosemurgy Real Estate

    (561) 504-6200

    1 in this area

    86 Total Sales

    Section Image
See All Agents

Map

Source: BeachesMLS

MLS Number: R10273404

BeachesMLS

APN: 06-43-47-29-05-010-0100

Florida Palm Beach County Boca Raton 33432 Spanish River Land

1240 Cocoanut Rd, Boca Raton, FL

This home is located at 1240 Cocoanut Rd, Boca Raton, FL 33432 since 09 October 2016 and is currently estimated at $5,956,933, approximately $1,664 per square foot. This property was built in 1935. 1240 Cocoanut Rd is a home located in Palm Beach County with nearby schools including Boca Raton Elementary School, Boca Raton Community Middle School, and Boca Raton Community High School.

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