NOT LISTED FOR SALE

1255 N Lake Way Palm Beach, FL 33480

North End Neighborhood

Estimated Value: $8,206,000 - $17,442,418

5 Beds
5 Baths
5,315 Sq Ft
$2,413/Sq Ft Est. Value

Last Sold May 01, 2017

Last sale price $10,985,000 $2,067 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $86,899/month

115 Days on Market

Highlights

  • Lake Front
  • Dock has access to electricity
  • Garage Apartment
  • Palm Beach Public School Rated A-
  • Gas Heated Pool
  • Marble Flooring

About This Home

As of May 2017

A family lakefront home. Newly renovated five bedroom waterfront home in beautiful condition. Great northend location with direct trail access and deepwater dock. Realistically priced.

Last Agent to Sell the Property

Lawrence A Moens

Lawrence A. Moens Associates, Inc. License #202740 Listed on: 12/02/2016

Last Buyer's Agent

NON MEMBER

NON MEMBER FIRM

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $107,345

Year Built

  • Built in 1938

Lot Details

  • 0.42 Acre Lot
  • Lake Front
  • Property fronts an intracoastal waterway
  • West Facing Home
  • Sprinkler System
  • Property is zoned RB

Home Design

  • Mediterranean Architecture
  • Barrel Roof Shape
  • Poured Concrete

Interior Spaces

  • 5,315 Sq Ft Home
  • 2-Story Property
  • Sound System
  • Fireplace
  • Dining Room
  • Utility Room

Kitchen

  • Eat-In Kitchen
  • Double Oven
  • Gas Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Marble

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Impact Glass

Parking

  • 2 Car Attached Garage
  • Garage Apartment

Pool

  • Gas Heated Pool
  • Outdoor Pool

Outdoor Features

  • Dock has access to electricity
  • Dock made with concrete
  • Dock made with wood
  • Balcony
  • Patio
  • Lanai

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Alto Lido Subdivision

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 50434303080000140

Home Details

Home Type

Single Family

Est. Annual Taxes

$107,345

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.42
  • Lot Size: 89
  • Subdivision Name: Alto Lido
  • Architectural Style: Mediterranean, Two Story
  • Garage Yn: Yes
  • Year Built: 1938
  • Location Tax Legal:Zoned: RB
  • Location Tax Legal:Homestead Exempt: Yes
  • Location Tax Legal:Taxes2: 107345.0
  • Location Tax Legal:Tax Year2: 2016
  • General Property Description:Living Area: 5315.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: Yes
  • Pool:Pool3: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • Security:Security System: Yes
  • General Property Description:Lot Dim (1): 89
  • Pool:Heated - Gas: Yes
  • Floors:Hardwood: Yes
  • Floors:Marble: Yes
  • Floors:WW Carpeting: Yes
  • WaterSewer:Sewer: Yes
  • Style:Two Story: Yes
  • Windows:Impact Glass - Full: Yes
  • General Property Description:Lot SqFt: 18295
  • WaterSewer:City Water: Yes
  • HOA:None: Yes
  • Windows:Impact Glass: Yes
  • Roof:Barrel Tile: Yes
  • ACHeat:Multi Zone Air: Yes
  • ACHeat:Multi Zone Heat: Yes
  • Style:Mediterranean: Yes
  • Exposure:West: Yes
  • Dock:Electric at Dock: Yes
  • Dock:Wood: Yes
  • Waterfront:Lakefront: Yes
  • Dock:Concrete: Yes
  • Waterfront:ICW-Across Bikepath: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Range-Gas, Oven-Double, Washer, Dryer
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Flooring: Hardwood, Marble, W/W Carpeting
  • Interior Amenities: Cable, Fireplace, Sound System
  • Living Area: 5315.0
  • Window Features: Impact Glass, Impact Glass-Full
  • Other Rooms:Dining Room: Yes
  • Other Rooms:Eat-in Kitchen: Yes
  • Other Rooms:Utility Room: Yes
  • Appliances Dishwasher: Yes
  • Interior Features:Cable: Yes
  • Interior Features:Fireplace: Yes
  • Appliances:Oven-Double: Yes
  • Appliances:Range-Gas: Yes
  • Interior Features:Sound System: Yes

Exterior Features

  • Lot Features: 1/4 A - 21,779 SF
  • Pool Features: Pool, Heated - Gas
  • Pool Private: Yes
  • Waterfront Features: ICW-Across Bikepath, Lakefront
  • Waterfront: Yes
  • Construction Type: Poured Concrete
  • Exterior Features: Balcony, Patio/Lanai, Sprinkler System
  • Roof: Barrel
  • Exterior Features:Balcony: Yes
  • Exterior Features:Sprinkler System: Yes
  • Exterior Features:PatioLanai: Yes
  • Construction:Poured Concrete: Yes

Garage/Parking

  • Parking Features: 2 Car, Attached
  • Garage: Yes
  • Garage:_two_ Car: Yes
  • Other Rooms:Garage Apartment: Yes

Utilities

  • Security: Security System
  • Heating: Central Air, Central Heat, Multi Zone Air, Multi Zone Heat
  • Heating Yn: Yes

Lot Info

  • Land Lease Amount Frequency: No
  • Lot Size Sq Ft: 18295.0
  • Parcel #: 50434303080000140
  • Zoning: RB
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 107345.0
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 17, 2018
Sold by
Jpmorgan Chase Bank Na
Bought by
Lange Elizabeth
Current Estimated Value
$12,824,209

Purchase Details

Listed on
Dec 2, 2016
Closed on
May 1, 2017
Sold by
Green Allan and Green Hana
Bought by
Lange Jeffrey Scott
Seller's Agent
Lawrence A Moens
Lawrence A. Moens Associates, Inc.
Buyer's Agent
NON MEMBER
NON MEMBER FIRM
List Price
$10,985,000
Sold Price
$10,985,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.85%

Purchase Details

Closed on
May 28, 2013
Sold by
Kassewitz Joel and Glazer Darcie
Bought by
Green Allan and Green Hana

Purchase Details

Closed on
Jan 16, 2004
Sold by
Edelman Samuel L and Edelman Louise B
Bought by
Kassewitz Joel and Glazer Darcie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,859,250
Interest Rate
6.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 7, 1999
Sold by
Smith Forrest L and Smith Kimberly H
Bought by
Edelman Samuel L and Edelman Louise B

Purchase Details

Closed on
Jun 6, 1997
Sold by
Murphy Martin E and Murphy Betty H
Bought by
Smith Forrest L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,260,000
Interest Rate
8.13%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Lange Elizabeth -- Attorney
Lange Jeffrey Scott $10,985,000 Attorney
Green Allan $7,392,400 Attorney
Kassewitz Joel $4,850,000 --
Edelman Samuel L $2,587,500 --
Smith Forrest L $1,680,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kassewitz Joel $1,859,250
Previous Owner Smith Forrest L $1,260,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/01/2017 05/01/17 Sold $10,985,000 0.0% $2,067 / Sq Ft
03/27/2017 03/27/17 Pending -- -- --
12/02/2016 12/02/16 For Sale $10,985,000 -- $2,067 / Sq Ft
Source: Palm Beach Board of REALTORS®

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 $223,695 $11,263,705 -- --
2023 $208,964 $10,239,732 $0 $0
2022 $190,432 $9,308,847 $0 $0
2021 $141,927 $8,926,163 $7,825,444 $1,100,719
2020 $128,304 $7,693,262 $6,509,635 $1,183,627
2019 $140,719 $8,270,244 $7,070,000 $1,200,244
2018 $141,494 $8,594,876 $7,435,455 $1,159,421
2017 $107,375 $6,402,451 $0 $0
2016 $107,345 $6,270,765 $0 $0
2015 $111,022 $6,227,175 $0 $0
2014 $111,558 $6,177,753 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2017

    Lawrence A Moens

    Lawrence A. Moens Associates, Inc.

    (561) 655-5510

    44 in this area

    118 Total Sales

    Lawrence A Moens
    Section Image

  • N

    Buyer's Agent in 2017

    NON MEMBER

    NON MEMBER FIRM

See All Agents

Map

Source: Palm Beach Board of REALTORS®

MLS Number: 16-2617

APN: 50-43-43-03-08-000-0140

Florida Palm Beach County Palm Beach 33480 North End

1255 N Lake Way, Palm Beach, FL

This home is located at 1255 N Lake Way, Palm Beach, FL 33480 since 02 December 2016 and is currently estimated at $12,824,209, approximately $2,412 per square foot. This property was built in 1938. 1255 N Lake Way is a home located in Palm Beach County with nearby schools including Palm Beach Public School, Conniston Middle School, and Palm Beach Lakes Community High School.

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