NOT LISTED FOR SALE

16361 Rustic Rd Wellington, FL 33470

Estimated Value: $1,188,939 - $2,336,000

5.9 Acres
$273,175 Price per Acre
257,004 Sq Ft Lot

Last Sold May 13, 2016

Last sale price $440,000 $2 Per Sq Ft

Est. 266% increase in value since last sale

Current estimated payment $8,755/month

411 Days on Market

Highlights

  • Horses Allowed On Property
  • Waterfront
  • No HOA
  • Binks Forest Elementary School Rated A

About This Lot

As of May 2016

Lot just cleared! 5.9 Acres of premium land. Perfect opportunity to build your dream equestrian estate. Property was surveyed (See Attached) and tested by Army Core of Engineering in 2014. Report did not show evidence of muck. Soil Test Good.

Last Agent to Sell the Property

Adam Blauweiss

Equestrian Sotheby's International Realty Inc. License #3162881 Listed on: 03/18/2015

Equestrian Sotheby's International Realty Inc.

Last Buyer's Agent

Mary Ellen Sencer

Saddle Trails Realty Inc License #3213927

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,044

Lot Details

  • 5.9 Acre Lot
  • Waterfront
  • East Facing Home
  • Site Plan Filed

Horse Facilities and Amenities

  • Horses Allowed On Property

Community Details

  • No Home Owners Association
  • Rustic Ranches Subdivision

Listing and Financial Details

  • Assessor Parcel Number 73404413000001060

Property Details

Property Type

Land

Est. Annual Taxes

$1,044

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Property Sub Type: Unimproved Land
  • Property Sub Type Additional: Unimproved Land
  • Directions: Southern Heading West of 441. Left on Flying Cow. Right on Rustic. or 46th Lane to Flying Cow.
  • Horses: Yes
  • DelayedMarketingYN: No
  • Special Features: None

Exterior Features

  • Fencing: Fenced
  • Lot Features: 5-10 Acres, Agricultural, Residential Lot, Subdivision
  • Road Frontage Type: Public Road
  • Waterfront: Yes
  • Direction Faces: East

Utilities

  • Utilities: Electricity Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 73404413000001060
  • Current Use: Agricultural, Farm, Other, Single Family, Unimproved
  • Development Status: Site Plan Filed
  • Horse Amenities: Riding Trail
  • Lot Size Acres: 5.9
  • Lot Size: 257,004
  • Lot Size Sq Ft: 257003.0
  • Possible Use: Other, Single Family
  • Mobile Dim Units: Feet
  • Zoning: AR/RES

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 1044.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 25, 2024
Sold by
Ramachandran Muthuswami
Bought by
Don George Polo Llc
Current Estimated Value
$1,611,735

Purchase Details

Listed on
Mar 18, 2015
Closed on
May 12, 2016
Sold by
Shawmark Farm Llc
Bought by
Ramachandran Muthuswami
Seller's Agent
Adam Blauweiss
Equestrian Sotheby's International Realty Inc.
Buyer's Agent
Mary Ellen Sencer
Saddle Trails Realty Inc
List Price
$450,000
Sold Price
$440,000
Premium/Discount to List
-$10,000
-2.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.32%

Purchase Details

Listed on
Mar 18, 2015
Closed on
Apr 8, 2016
Sold by
Fannie Mae
Bought by
Paniagua Rey
Seller's Agent
Adam Blauweiss
Equestrian Sotheby's International Realty Inc.
Buyer's Agent
Mary Ellen Sencer
Saddle Trails Realty Inc
List Price
$450,000
Sold Price
$440,000
Premium/Discount to List
-$10,000
-2.22%

Purchase Details

Listed on
Feb 7, 2014
Closed on
Aug 4, 2014
Sold by
Nguyen Thu Thi
Bought by
Shawmark Farm Llc
Seller's Agent
Diane Cullen
RE/MAX Direct
Buyer's Agent
Adam Blauweiss
Equestrian Sotheby's International Realty Inc.
List Price
$478,000
Sold Price
$325,000
Premium/Discount to List
-$153,000
-32.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.55%

Purchase Details

Closed on
Mar 22, 2013
Sold by
Huynh Thanh Huu and Huynh Mylinh Huu
Bought by
Nguyen Thu Thi

Purchase Details

Closed on
Apr 3, 2012
Sold by
Meraj Atif
Bought by
16427 Rustic Road Land Trust

Purchase Details

Closed on
May 14, 2010
Sold by
Nguyen Thu Thi
Bought by
Huynh Thanh Huu

Purchase Details

Closed on
Feb 12, 2009
Sold by
Huynh Thanh Kim and Nguyen Thuthi
Bought by
Nguyen Thu Thi

Purchase Details

Closed on
Jul 27, 1999
Sold by
Le Hieu Trong and Vinh The Phan
Bought by
Huynh Thanh-Kim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
7.51%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 13, 1995
Sold by
Heinrich Doris
Bought by
Le Hieu Trong

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,800
Interest Rate
9.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 23, 1994
Sold by
Heinrich Doris
Bought by
Le Hieu Trong

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,800
Interest Rate
9.17%
Mortgage Type
Purchase Money Mortgage
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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Purchase History

Date Buyer Sale Price Title Company
Don George Polo Llc $1,200,000 None Listed On Document
Ramachandran Muthuswami $440,000 Distinctive Titlwe Services
Paniagua Rey $344,000 None Available
Shawmark Farm Llc $325,000 Southeast Title Agency Llc
Nguyen Thu Thi -- None Available
16427 Rustic Road Land Trust $117,800 None Available
Huynh Thanh Huu -- None Available
Nguyen Thu Thi -- None Available
Huynh Thanh-Kim $71,000 --
Le Hieu Trong -- --
Le Hieu Trong $62,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Huynh Thanh-Kim $45,000
Previous Owner Le Hieu Trong $55,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/13/2016 05/13/16 Sold $440,000 -2.2% $2 / Sq Ft
04/13/2016 04/13/16 Pending -- -- --
03/18/2015 03/18/15 For Sale $450,000 +38.5% $2 / Sq Ft
08/04/2014 08/04/14 Sold $325,000 -32.0% $1 / Sq Ft View Prior Sale
07/05/2014 07/05/14 Pending -- -- --
02/07/2014 02/07/14 For Sale $478,000 -- $2 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

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
2025 $4,629 $1,239,000 -- --
2024 $4,629 $182,900 -- --
2023 $5,383 $177,000 $0 $0
2022 $4,333 $177,000 $0 $0
2021 $3,985 $159,300 $159,300 $0
2020 $4,012 $159,300 $159,300 $0
2019 $4,190 $159,300 $159,300 $0
2018 $3,985 $159,300 $159,300 $0
2017 $4,023 $159,300 $0 $0
2016 $6,907 $311,737 $0 $0
2015 $998 $23,600 $0 $0
2014 $1,043 $23,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2016

    Adam Blauweiss

    Equestrian Sotheby's International Realty Inc.

    (561) 846-1935

    18 Total Sales

    Adam Blauweiss
    Section Image

  • M

    Buyer's Agent in 2016

    Mary Ellen Sencer

    Saddle Trails Realty Inc

    (561) 512-4340

    17 Total Sales

    Mary Ellen Sencer
    Section Image
  • Diane Cullen

    Seller's Agent in 2014

    Diane Cullen

    RE/MAX

    18 Total Sales

    Diane Cullen
    Section Image
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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10120398

BeachesMLS (Greater Fort Lauderdale)

APN: 73-40-44-13-00-000-1060

Florida Palm Beach County Wellington 33470

16361 Rustic Rd, Wellington, FL

Not Listed for Sale

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