NOT LISTED FOR SALE

15489 North Rd Loxahatchee, FL 33470

Estimated Value: $1,016,000

16.08 Acres
$63,184 Price per Acre
700,445 Sq Ft Lot

Last Sold September 20, 2019

Last sale price $780,000

Est. 30% increase in value since last sale

Current estimated payment $6,663/month

203 Days on Market

Highlights

  • Waterfront
  • 16.08 Acre Lot
  • No HOA
  • Western Pines Community Middle School Rated A-

About This Lot

As of September 2019

Unique opportunity to own 16.08 acres for your equestrian estate. This property is priced to sell. It is the lowest price per acre for 15 acres or more in the area. Incredible potential in the developing area of Loxahatchee. 2 adjoining parcels totaling 16.08 acres totally cleared and ready to build your dream home. Property is high and dry with excellent drainage. Owner wants to sell together, 2 separate deeds. This is a perfect property for real estate investors, developers or equestrian lovers. This serene location is only 1200 feet from the new city of Westlake and minutes from shopping centers. 9.3 miles from the WEF 9 miles from the White Fence Equestrian Center
13.7 miles from the Jim Brandon Equestrian Center
11 miles from the International Polo Club
6.4 miles from the Palms West Hospital
4.2 miles from Publix, Tractor Supply, Palm Beach College, Urgent Care, 7 Eleven Gas Station, Loxahatchee Groves Commons Plaza, restaurants and much more.
This property is zoned A/R (agricultural residential). It can have a home, an in law / care taker quarter, farm, barn, agriculture business and accessory buildings including equestrian. The City of Loxahatchee, allows each parcel of land of at least 5 acres to contain one home and one in law / care taker quarter (that cannot be larger than the main home and under 1,200 sq ft). The 16.08 acres can be split into 3 parcels of 5 acres or more, which would enable a maximum of 1 home and 1 in law / care taker quarters (under 1,200 sq ft) together with 1 storage building on each one of them.
The unified land development code (ULDC) provides all the rules and regulations for land development for the Town of Loxahatchee Groves. It is available at

Last Agent to Sell the Property

Alex Rios

Treasure Property Group LLC License #3427197 Listed on: 12/20/2018

Last Buyer's Agent

Michael Costello

Compass Florida LLC License #3336872

Compass Florida LLC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,666

Lot Details

  • 16.08 Acre Lot
  • Waterfront
  • Dirt Road
  • South Facing Home
  • 2 Lots in the community
  • Site Plan Filed

Utilities

  • Well

Community Details

  • No Home Owners Association
  • Loxahatchee Groves Subdivision

Listing and Financial Details

  • Assessor Parcel Number 41414307000005030

Property Details

Property Type

Land

Est. Annual Taxes

$7,666

Lot Details

16.08 Acres

Listing Details

  • Prop. Type: Land
  • Property Sub Type: Agriculture
  • Property Sub Type Additional: Agriculture
  • Directions: Okeechobee Blvd Go North on B rd Left on North rd Make U turn on bridge Left on Ian trl Entrance to property on the left
  • DelayedMarketingYN: No
  • Special Features: None

Exterior Features

  • View: Pond
  • Lot Features: Agricultural, Cleared, Drainage, Residential Lot
  • Road Surface Type: Dirt
  • View: Yes
  • Waterfront: Yes
  • Direction Faces: South

Utilities

  • Utilities: Electricity Available
  • Water Source: Well

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 41414307000005030
  • Current Use: Agricultural, Single Family
  • Development Status: Site Plan Filed
  • Lot Size Acres: 16.08
  • Lot Size Sq Ft: 218636.0
  • Number Of Lots: 2
  • Mobile Dim Units: Feet
  • Additional Parcels Description: 41-41-43-07-00-000-5140
  • Zoning: AR(cit

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 7665.66

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 20, 2018
Closed on
Sep 20, 2019
Sold by
Jumas Properties Llc
Bought by
South Florida Sod Farm Llc
Seller's Agent
Alex Rios
Treasure Property Group LLC
Buyer's Agent
Michael Costello
Compass Florida LLC
List Price
$997,035
Sold Price
$780,000
Premium/Discount to List
-$217,035
-21.77%
Current Estimated Value
$1,016,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$236,000
Avg. Annual Appreciation
4.18%

Purchase Details

Closed on
Sep 30, 2014
Sold by
Jumas Group Llc
Bought by
Jumas Properties Llc

Purchase Details

Closed on
Dec 23, 2013
Sold by
J & A Nursery Inc
Bought by
Jumas Group Llc

Purchase Details

Closed on
Sep 5, 2008
Sold by
Global Nursery Llc
Bought by
Global Nursery Llc

Purchase Details

Closed on
Jan 22, 2007
Sold by
Fisher Leroy C
Bought by
Global Nursery Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.08%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 18, 2002
Sold by
Dorsey Carolyn K
Bought by
Fisher Leroy C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,778
Interest Rate
7%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
South Florida Sod Farm Llc $780,000 Attorney
Jumas Properties Llc -- Attorney
Jumas Group Llc $100,000 None Available
Global Nursery Llc $300,000 None Available
Global Nursery Llc $297,500 Statewide Title & Escrow Inc
Fisher Leroy C $80,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Global Nursery Llc $500,000
Previous Owner Fisher Leroy C $34,778
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/20/2019 09/20/19 Sold $780,000 -21.8% --
08/21/2019 08/21/19 Pending -- -- --
12/19/2018 12/19/18 For Sale $997,035 -- --
Source: BeachesMLS (Greater Fort Lauderdale)

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
2025 $17,322 $738,917 -- --
2024 $17,322 $671,834 -- --
2023 $15,889 $610,781 $0 $0
2022 $14,986 $555,963 -- --
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10489612

BeachesMLS (Greater Fort Lauderdale)

APN: 41-41-43-07-00-000-5030

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