NOT LISTED FOR SALE

16028 Rustic Rd Wellington, FL 33470

Estimated Value: $1,340,000 - $2,174,713

2 Beds
2 Baths
1,056 Sq Ft
$1,667/Sq Ft Est. Value

Sale Details

Date Sold: April 8, 2024

Last sale price $1,684,000 $1,595 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $10,244 / mo

29 Days on Market

Highlights

  • Barn
  • Stables
  • Main Floor Bedroom
  • Binks Forest Elementary School Rated A
  • Fruit Trees
  • High Ceiling

About This Home

As of April 2024

SOLD at Luxury AUCTION Without Reserve on Mar 9, 2024! Sold with adjacent parcel 16130 Rustic Rd (5.3 acres) to create a +10-acre farm! List price for REFERENCE ONLY. Inquire for complete details... Parcel includes 2 barns with 18 stalls (+2 other, convertible stalls), oversized arena (150’ x 250’) with Class 1 fill, irrigated paddocks with shade stands, round riding pen, camper hook-ups, private pond, 2-bedroom guesthouse, and more. Supplied by city water, and within hacking distance of WEF grounds. No HOA! Do NOT call Listing Agent directly. Call Office Phone or 800 Number in listing... Buyer Brokers protected. Selling Without Reserve at Luxury AUCTION Mar 9, 2024! Current list price for REFERENCE ONLY. Available individually (5 acres) or combined with adjacent parcel 16130 Rustic Rd (5.3 acres) to create a +10-acre farm! Refer to Luxury Auction Terms of Sale (avail. upon request). Convenient, Pre-Auction Previews held by appt. every Fri - Tues, through Mar 8. Call to schedule.

Last Agent to Sell the Property

Trayor Lesnock

Platinum Luxury Auctions License #3118083 Listed on: 02/01/2024

Last Buyer's Agent

Trayor Lesnock

Platinum Luxury Auctions License #3118083 Listed on: 02/01/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,810

Year Built

  • Built in 2015

Lot Details

  • 5 Acre Lot
  • East Facing Home
  • Fenced
  • Fruit Trees
  • Property is zoned EOZD (city)

Parking

  • 2 Car Detached Garage
  • 2 Detached Carport Spaces
  • Driveway

Home Design

  • Entry on the 1st floor
  • Frame Construction
  • Metal Roof
  • Metal Construction or Metal Frame

Interior Spaces

  • 1,056 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Fireplace
  • Tile Flooring
  • Washer

Kitchen

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

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Balcony
  • Outbuilding
  • Porch

Farming

  • Barn

Horse Facilities and Amenities

  • Horses Allowed On Property
  • Stables

Utilities

  • Central Heating and Cooling System
  • Water Heater
  • Water Purifier
  • Water Softener
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Rustic Ranches Subdivision

Listing and Financial Details

  • Assessor Parcel Number 73404413000001300

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,810

Year Built

Built in 2015

Lot Details

5 Acres

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: From Palm Beach Airport, take FL-80 W/US-98 (13 miles) to Flying Cow Rd. Turn south onto Flying Cow Rd (4 miles) to Rustic Rd. Look for property on right. Luxury Auction sign on-site. Do NOT enter property unaccompanied. Must call ahead for showing appt.
  • Year Built: 2015
  • Horses: Yes
  • Architectural Style: Ranch
  • Carport Y N: Yes
  • Entry Level: 1
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • DelayedMarketingYN: No
  • Special Features: 4160
  • Stories: 1

Interior Features

  • Interior Amenities: Bedroom on Main Level, Eat-in Kitchen, High Ceilings, Main Level Primary, Other
  • Main Level Bedrooms: 2
  • Private Spa: No
  • Furnished: Unfurnished
  • Appliances: Dishwasher, Disposal, Gas Range, Microwave, Oven, Refrigerator, Water Softener, Water Heater, Water Purifier, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Entry Location: First Floor Entry,Other Interior Features,Volume C
  • Fireplace: Yes
  • Flooring: Other, Tile
  • Living Area: 1056.0
  • Stories: 1

Exterior Features

  • Exterior Features: Balcony
  • View: Other
  • Fencing: Fenced
  • Lot Features: 5-10 Acres, Fruit Trees
  • Pool Private: No
  • View: Yes
  • Waterfront: No
  • Disclosures: Seller Disclosure
  • Construction Type: Frame, Metal Frame
  • Direction Faces: East
  • Other Structures: Barn(s), Outbuilding
  • Patio And Porch Features: Porch, Balcony
  • Property Condition: Resale
  • Roof: Metal

Garage/Parking

  • Covered Parking Spaces: 4.0
  • Attached Garage: No
  • Carport Spaces: 2.0
  • Garage Spaces: 2.0
  • Garage Yn: Yes
  • Parking Features: Covered, Carport, Detached Carport, Driveway, Detached, Garage

Utilities

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

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Senior Community: No
  • Association: No
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 73404413000001300
  • Horse Amenities: Stable(s)
  • Lot Size Acres: 5.0
  • Lot Size: 5.00 acres
  • Lot Size Sq Ft: 217800.0
  • Mobile Dim Units: Feet
  • Zoning: EOZD (city)

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 10810.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2024
Closed on
Apr 8, 2024
Sold by
Kristina Gustafson 2020 Revocable Trust and Gustafson Kristina
Bought by
Crk Llc
Seller's Agent
Trayor Lesnock
Platinum Luxury Auctions
Buyer's Agent
Trayor Lesnock
Platinum Luxury Auctions
List Price
$2,500,000
Sold Price
$1,684,000
Premium/Discount to List
-$816,000
-32.64%
Views
18
Current Estimated Value
$1,760,428

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,428
Avg. Annual Appreciation
2.21%

Purchase Details

Closed on
Dec 13, 2023
Sold by
Kristina Gustafson Trust
Bought by
Kristina Gustafson 2020 Revocable Trust and Gustafson

Purchase Details

Closed on
Jun 16, 2017
Sold by
Gustafson Kristina and Gustafson Kristina
Bought by
Gustafson Kristina and The Kristina Gustafson Trust

Purchase Details

Closed on
Jan 5, 2012
Sold by
Green Elizabeth and Sawicz Thomas
Bought by
The Gustafson Family Farm Trust

Purchase Details

Closed on
Aug 13, 2008
Sold by
Morning Mist Farms Llc
Bought by
Green Elizabeth

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
6.31%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 12, 2008
Sold by
Kreiner Robert P and Kreiner Barbara A
Bought by
Morning Mist Farms 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
6.31%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 11, 2005
Sold by
Kreiner Robert P and Kreiner Barbara A
Bought by
Morning Mist Farms Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$685,800
Interest Rate
5.66%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Crk Llc $2,934,000 None Listed On Document
Crk Llc $2,934,000 None Listed On Document
Kristina Gustafson 2020 Revocable Trust -- None Listed On Document
Gustafson Kristina -- Attorney
The Gustafson Family Farm Trust $42,250 Attorney
Green Elizabeth $685,000 Attorney
Morning Mist Farms Llc -- Attorney
Morning Mist Farms Llc $762,000 Flagler Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Green Elizabeth $500,000
Previous Owner Morning Mist Farms Llc $685,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/08/2024 04/08/24 Sold $1,684,000 -32.6% $1,595 / Sq Ft
03/10/2024 03/10/24 Pending -- -- --
02/09/2024 02/09/24 For Sale $2,500,000 +199900.0% $2,367 / Sq Ft
11/01/2017 11/01/17 Sold $1,250 0.0% $1 / Sq Ft View Prior Sale
10/02/2017 10/02/17 Pending -- -- --
06/17/2017 06/17/17 For Sale $1,250 -- $1 / Sq Ft
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 $10,936 $1,349,676 -- --
2024 $10,936 $458,035 -- --
2023 $10,810 $424,559 $0 $0
2022 $9,311 $398,208 $0 $0
2021 $8,410 $372,395 $0 $0
2020 $7,962 $345,771 $0 $0
2019 $6,294 $257,033 $157,330 $99,703
2018 $6,011 $256,110 $0 $0
2017 $5,856 $242,105 $0 $0
2016 $5,323 $222,977 $0 $0
2015 $5,197 $205,382 $0 $0
2014 $4,620 $176,506 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10423082

BeachesMLS (Greater Fort Lauderdale)

APN: 73-40-44-13-00-000-1300

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