NOT LISTED FOR SALE

12700 Drake Ln West Palm Beach, FL 33410

Frenchman's Creek Neighborhood

Estimated Value: $4,779,000 - $7,990,000

5 Beds
7.5 Baths
6,060 Sq Ft
$1,149/Sq Ft Est. Value

Last Sold June 29, 2012

Last sale price $2,900,000 $479 Per Sq Ft

Est. 140% increase in value since last sale

Current estimated payment $41,306/month

302 Days on Market

Highlights

  • Property has ocean access
  • Property fronts an intracoastal waterway
  • Recreation Room
  • William T. Dwyer High School Rated A-
  • Gunite Pool
  • Marble Flooring

About This Home

As of June 2012

Spectacular Intracoastal Estate on a large lot with East exposure and deepwater dockage in a no-wake zone. Interior features include an office with custom built-ins, a large sitting room off the master bedroom with wet bar and an expansive recreational room in the children's wing. A large lanai with a summer kitchen leads to the expansive patio, pool and backyard with huge mature Oaks. The dock has two lifts, 12,000 and 16,000 lbs, plus a davit for personal watercraft. All sizes and measurements are approximate.

Last Agent to Sell the Property

Paul Thomson

Waterfront Properties & Club C License #355843 Listed on: 08/01/2011

Waterfront Properties & Club C

Last Buyer's Agent

domenic gatto

CFS Realty Group License #3104639

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $34,846

Year Built

  • Built in 1997

Lot Details

  • Property fronts an intracoastal waterway
  • Property is zoned Rs

Parking

  • 4 Car Attached Garage
  • Garage Door Opener

Home Design

  • Mediterranean Architecture
  • Spanish Tile Roof
  • Tile Roof

Interior Spaces

  • 6,060 Sq Ft Home
  • 1-Story Property
  • Central Vacuum
  • High Ceiling
  • Fireplace
  • Single Hung Metal Windows
  • French Doors
  • Entrance Foyer
  • Family Room
  • Formal Dining Room
  • Den
  • Recreation Room
  • Sun or Florida Room
  • Intracoastal Views

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Built-In Oven
  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet

Laundry

  • Dryer
  • Washer
  • Laundry Tub

Home Security

  • Home Security System
  • Fire and Smoke Detector

Outdoor Features

  • Gunite Pool
  • Property has ocean access
  • No Fixed Bridges
  • Seawall
  • Patio
  • Outdoor Grill

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Electric Water Heater
  • Septic Tank
  • Cable TV Available

Community Details

  • Snug Harbor Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00434132100000220

Home Details

Home Type

Single Family

Est. Annual Taxes

$34,846

Year Built

Built in 1997

Lot Details

0

Parking

4

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: N on Prosperity Farms Rd from PGA to Snug Harbor then right on Drake.
  • Year Built: 1997
  • Architectural Style: Mediterranean
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Breakfast Area, Dining Area, Separate/Formal Dining Room, Entrance Foyer, Eat-in Kitchen, French Door(s)/Atrium Door(s), Fireplace, High Ceilings, Pantry, Split Bedrooms, Walk-In Closet(s), Central Vacuum
  • Furnished: Unfurnished
  • Appliances: Built-In Oven, Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Ice Maker, Microwave, Refrigerator, Washer
  • Full Bathrooms: 7
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Door Features: French Doors
  • Fireplace: Yes
  • Flooring: Marble, Wood
  • Living Area: 6060.0
  • Dining Room Type: Den, Family Room, Florida Room, Recreation
  • Stories: 1
  • Window Features: Metal, Single Hung

Exterior Features

  • Exterior Features: Outdoor Grill, Patio
  • View: Intercoastal
  • Pool Features: Gunite, Pool
  • Pool Private: Yes
  • Waterfront Features: Intracoastal Access, No Fixed Bridges, Ocean Access, Seawall
  • Waterfront: Yes
  • Construction Type: Block
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Spanish Tile, Tile

Garage/Parking

  • Covered Parking Spaces: 4.0
  • Attached Garage: Yes
  • Garage Spaces: 4.0
  • Garage Yn: Yes
  • Parking Features: Attached, Garage, Garage Door Opener

Utilities

  • Laundry Features: Laundry Tub
  • Security: Security System, Smoke Detector(s)
  • Cooling: Central Air, Zoned
  • Cooling Y N: Yes
  • Heating: Central, Zoned
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Cable Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Amenities: Other
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 00434132100000220
  • Zoning Description: Rs

Tax Info

  • Tax Year: 2010
  • Tax Annual Amount: 34846.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2011
Closed on
Jun 29, 2012
Sold by
Zecca Christopher E
Bought by
Mormando Frank and Mormando Linda
Seller's Agent
Paul Thomson
Waterfront Properties & Club C
Buyer's Agent
domenic gatto
CFS Realty Group
List Price
$3,800,000
Sold Price
$2,900,000
Premium/Discount to List
-$900,000
-23.68%
Current Estimated Value
$6,964,813

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,064,813
Avg. Annual Appreciation
7.25%
Original Mortgage
$1,710,000
Outstanding Balance
$1,214,220
Interest Rate
3.83%
Mortgage Type
New Conventional
Estimated Equity
$6,110,419

Purchase Details

Closed on
Jul 25, 2011
Sold by
Kelleher Lawrence J and Kelleher Susan
Bought by
Zecca Christopher E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
3.72%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 30, 2002
Sold by
Talerico Pasquale and Cassaro Marie E
Bought by
Fabre Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,750,000
Interest Rate
7.14%

Purchase Details

Closed on
Feb 11, 1994
Sold by
Wendt Robert Clifford and Wendt Holly Ann
Bought by
Talerico Pasquale

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
7.16%

Purchase Details

Closed on
Feb 10, 1994
Sold by
Wendt Holly Ann and Degergus Marcella A
Bought by
Talerico Pasquale

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
7.16%
Source: Public Records

Range of Values:

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Average Value
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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
Mormando Frank $2,900,000 Attorney
Zecca Christopher E $2,900,000 Attorney
Fabre Susan $1,850,000 --
Talerico Pasquale $200,000 --
Talerico Pasquale $200,000 --
Talerico Pasquale -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mormando Frank $1,710,000
Previous Owner Zecca Christopher E $145,000
Previous Owner Zecca Christopher E $1,740,000
Previous Owner Kelleher Lawrence J $1,086,950
Previous Owner Kelleher Lawrence J $1,072,950
Previous Owner Fabre Susan $1,750,000
Previous Owner Talerico Pasquale $250,000
Previous Owner Talerico Pasquale $320,000
Previous Owner Talerico Pasquale $320,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/29/2012 06/29/12 Sold $2,900,000 -23.7% $479 / Sq Ft
05/30/2012 05/30/12 Pending -- -- --
08/01/2011 08/01/11 For Sale $3,800,000 -- $627 / 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 $50,370 $3,091,448 -- --
2023 $49,307 $3,001,406 $0 $0
2022 $49,087 $2,913,986 $0 $0
2021 $49,128 $2,829,113 $0 $0
2020 $48,914 $2,790,052 $0 $0
2019 $48,400 $2,727,324 $0 $0
2018 $46,025 $2,676,471 $0 $0
2017 $45,792 $2,621,421 $0 $0
2016 $46,072 $2,567,503 $0 $0
2015 $47,308 $2,549,655 $0 $0
2014 $47,464 $2,529,420 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2012

    Paul Thomson

    Waterfront Properties & Club C

    (561) 371-3571

    5 in this area

    51 Total Sales

    Paul Thomson
    Section Image

  • d

    Buyer's Agent in 2012

    domenic gatto

    CFS Realty Group

See All Agents

Map

Source: BeachesMLS

MLS Number: R3214979

BeachesMLS

APN: 00-43-41-32-10-000-0220

Florida Palm Beach County West Palm Beach 33410 Frenchman's Creek

12700 Drake Ln, West Palm Beach, FL

This home is located at 12700 Drake Ln, West Palm Beach, FL 33410 since 01 August 2011 and is currently estimated at $6,964,813, approximately $1,149 per square foot. This property was built in 1997. 12700 Drake Ln is a home located in Palm Beach County with nearby schools including Dwight D. Eisenhower K-8, William T. Dwyer High School, and Howell L. Watkins Middle 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.

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