162 Palmetto Ln West Palm Beach, FL 33405
South End Neighborhood
4
Beds
5
Baths
5,483
Sq Ft
0.4
Acres
Highlights
- Private Pool
- Garden View
- Fireplace
- Wood Flooring
- Mediterranean Architecture
- 2 Car Attached Garage
About This Home
As of October 2022Beautiful SOSO Mediterranean Estate. This ultimate entertaining home is located steps from the Intracoastal Waterway. The 1918 estate is filled with many original Moorish architectural details throughout yet it's been updated and modernized to today's standards. The property consists of several gardens, an infinity pool, outdoor cold plunge pool, outdoor sauna and shower. The house sits on an oversized 17,424 sq. ft. lot. The outdoor covered loggia is over 1,200 sq. ft. and is ideal for entertaining. Soaring ceiling heights and several fireplaces create a magical setting that is unique to this 4 bedroom house. There is also room to expand. Additional features include: full house water filtration system, generator, impact windows and doors, 2 car garage, gym and outdoor lighting.
Last Agent to Sell the Property
Brown Harris Stevens of PB License #538250 Listed on: 05/02/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $44,402
Year Built
- Built in 1918
Lot Details
- 0.4 Acre Lot
- Property is zoned SF7
Parking
- 2 Car Attached Garage
Property Views
- Garden
- Pool
Home Design
- Mediterranean Architecture
- Barrel Roof Shape
Interior Spaces
- 5,483 Sq Ft Home
- 2-Story Property
- Central Vacuum
- Fireplace
- Family Room
- Wood Flooring
- Impact Glass
Kitchen
- Built-In Oven
- Gas Range
- Dishwasher
Bedrooms and Bathrooms
- 4 Bedrooms
Laundry
- Laundry Room
- Laundry in Garage
- Dryer
- Washer
Additional Features
- Private Pool
- Central Heating and Cooling System
Community Details
- Orchid Lane Subdivision
Listing and Financial Details
- Assessor Parcel Number 74434403220000100
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 2, 2022
Closed on
Oct 17, 2022
Sold by
Leidy Robert P and Ivey Day
Bought by
Dunne Michael Hammond and Dunne Patricia Eileen
Seller's Agent
Liza Pulitzer
Brown Harris Stevens of PB
Buyer's Agent
Brooke Murphy
Compass Florida LLC (PB)
List Price
$12,250,000
Sold Price
$8,683,675
Premium/Discount to List
-$3,566,325
-29.11%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$478,386
Avg. Annual Appreciation
-5.50%
Original Mortgage
$5,500,000
Outstanding Balance
$4,853,666
Interest Rate
5.21%
Mortgage Type
New Conventional
Estimated Equity
$2,520,988
Purchase Details
Listed on
Feb 19, 2014
Closed on
Jun 25, 2014
Sold by
Golov Manuel and Golov Karen
Bought by
Leidy Robert P
Seller's Agent
BURTON MINKOFF
The Corcoran Group
Buyer's Agent
BURTON MINKOFF
MCCANN COYNER CLARKE
List Price
$2,388,000
Sold Price
$2,388,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.79%
Purchase Details
Closed on
May 21, 2004
Sold by
Orchid Estates West Palm Beach Lp
Bought by
Golov Manuel and Golov Karen
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,347,300
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Similar Homes in West Palm Beach, FL
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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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $8,683,675 | -- | |
| Warranty Deed | $2,388,000 | Automated Land Title Co | |
| Special Warranty Deed | $1,275,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $5,500,000 | New Conventional | |
| Previous Owner | $2,460,000 | New Conventional | |
| Previous Owner | $1,705,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $500,000 | Credit Line Revolving | |
| Previous Owner | $765,000 | New Conventional | |
| Previous Owner | $349,990 | Unknown | |
| Previous Owner | $1,490,000 | Unknown | |
| Previous Owner | $150,000 | Stand Alone Second | |
| Previous Owner | $475,000 | Credit Line Revolving | |
| Previous Owner | $1,347,300 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/17/2022 10/17/22 | Sold | $8,683,675 | -29.1% | $1,584 / Sq Ft |
| 09/19/2022 09/19/22 | Pending | -- | -- | -- |
| 05/02/2022 05/02/22 | For Sale | $12,250,000 | +413.0% | $2,234 / Sq Ft |
| 06/25/2014 06/25/14 | Sold | $2,388,000 | 0.0% | $436 / Sq Ft |
| 04/10/2014 04/10/14 | Pending | -- | -- | -- |
| 02/19/2014 02/19/14 | For Sale | $2,388,000 | -- | $436 / Sq Ft |
Source: BeachesMLS
Tax History Compared to Growth
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 | $161,080 | $7,903,309 | -- | -- |
| 2023 | $157,502 | $7,673,116 | $1,539,789 | $6,133,327 |
| 2022 | $44,360 | $2,133,208 | $0 | $0 |
| 2021 | $44,402 | $2,071,076 | $0 | $0 |
| 2020 | $44,224 | $2,042,481 | $0 | $0 |
| 2019 | $43,621 | $1,996,560 | $0 | $0 |
| 2018 | $41,701 | $1,959,333 | $440,499 | $1,518,834 |
| 2017 | $46,186 | $2,137,665 | $0 | $0 |
| 2016 | $46,200 | $2,093,697 | $0 | $0 |
| 2015 | $47,148 | $2,079,143 | $0 | $0 |
| 2014 | $14,498 | $656,263 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Liza Pulitzer
L
Seller's Agent in 2022
Liza Pulitzer
Brown Harris Stevens of PB
(561) 659-6400
8 in this area
57 Total Sales
-
Whitney McGurk
W
Seller Co-Listing Agent in 2022
Whitney McGurk
Brown Harris Stevens of PB
(561) 659-6400
8 in this area
62 Total Sales
-
Brooke Murphy
Buyer's Agent in 2022
Brooke Murphy
Compass Florida LLC (PB)
(561) 301-2128
3 in this area
33 Total Sales
-
B
Seller's Agent in 2014
BURTON MINKOFF
The Corcoran Group
-
Burt Minkoff
Buyer's Agent in 2014
Burt Minkoff
Douglas Elliman
(561) 512-8978
15 in this area
64 Total Sales
Map
Source: BeachesMLS
MLS Number: R10796430
APN: 74-43-44-03-22-000-0100
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