NOT LISTED FOR SALE

Estimated Value: $2,912,420 - $3,341,000

4 Beds
2.5 Baths
2,634 Sq Ft
$1,175/Sq Ft Est. Value

Last Sold April 06, 2023

Last sale price $2,580,000 $979 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $19,143/month

Highlights

  • Private Pool
  • Marble Flooring
  • High Ceiling
  • Palm Beach Public School Rated A-
  • Garden View
  • 3-minute walk to Monceaux Park

About This Home

As of February 2024

Discover refined luxury in this fully renovated historic cottage, nestled in the sought-after West Palm Beach pocket, just 2 blocks from the Intracoastal. This exquisite property features a main house and a separate guest cottage, both meticulously renovated to offer clean lines and sophisticated coastal casual living. The main house unfolds into a spacious living experience with a large living and dining room, complemented by a Florida TV Sunroom, all flowing seamlessly throughout & into kitchen. This inviting residence is designed for both relaxed living and entertaining. Delight in the stunning outdoor area, perfect for al fresco dining, laps in the heated pool, new grilling area and relaxing in many private outdoor lounge areas. The renovated kitchen, equipped with top-of-the-line...

Last Agent to Rent the Property

Lori Cronican

Douglas Elliman License #3389273 Listed on: 11/20/2023

Douglas Elliman

Co-Listed By

Christopher Cronican

Douglas Elliman License #3391612

Last Renter's Agent

Mae Ferguson

Serhant License #3443513

Serhant

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $32,789

Year Built

  • Built in 1924

Property Views

  • Garden
  • Pool

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 2,634 Sq Ft Home
  • Furnished
  • Built-In Features
  • High Ceiling
  • Home Security System

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Driveway
  • On-Street Parking
  • Open Parking

Outdoor Features

  • Private Pool
  • Patio
  • Outdoor Grill

Additional Features

  • Sprinkler System
  • Central Air

Listing and Financial Details

  • Property Available on 11/20/23
  • Assessor Parcel Number 74434334050120050

Community Details

Overview

  • Association fees include internet
  • Prospect Park South Subdivision

Amenities

  • Community Wi-Fi

Recreation

  • Community Pool
  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$32,789

Year Built

Built in 1924

Lot Details

0

Rental Info

  • Tenant Pays: Exterior Electric
  • Available Date: 2023-11-20

Listing Details

  • Prop. Type: Residential Lease
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Flagler Dr, south on Washington Road then left (east) on Westminster, home is on the south side (right)
  • Year Built: 1924
  • Entry Level: 1
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Built-in Features, High Ceilings, Pantry, Separate Shower
  • Furnished: Furnished
  • Appliances: Dryer, Dishwasher, Disposal, Microwave, Refrigerator, Washer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Flooring: Hardwood, Marble, Tile, Wood
  • Living Area: 2634.0
  • Dining Room Type: Laundry

Exterior Features

  • Exterior Features: Outdoor Grill, Patio
  • View: Garden, Pool
  • Lot Features: Sprinklers Automatic, < 1/4 Acre
  • Pool Features: Pool, Association, Community
  • Pool Private: Yes
  • Waterfront: No
  • Patio And Porch Features: Patio

Garage/Parking

  • Garage Yn: No
  • Open Parking: Yes
  • Parking Features: Driveway, Open, On Street

Utilities

  • Security: Security System
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Other

Condo/Co-op/Association

  • Community Features: Internet Access, Non-Gated, Pool, Sidewalks
  • Senior Community: No
  • Amenities: Pool, Trail(s)

Fee Information

  • Association Fee Includes: Internet

Lot Info

  • Parcel #: 74434334050120050
  • Land Lease Amount Frequency: Monthly
  • Lot Size: < 1/4 Acre,East of US-1,

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2022
Closed on
Mar 31, 2023
Sold by
Lorenz Dana
Bought by
Novick Steven and Novick Lisa
Seller's Agent
Kourtney Pulitzer
Sotheby's Intl. Realty, Inc.
Buyer's Agent
Lori Cronican
Douglas Elliman
List Price
$2,995,000
Sold Price
$2,580,000
Premium/Discount to List
-$415,000
-13.86%
Views
79
Current Estimated Value
$3,095,355

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$515,355
Avg. Annual Appreciation
12.00%
Original Mortgage
$1,500,000
Outstanding Balance
$1,466,294
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$1,951,247

Purchase Details

Listed on
May 21, 2018
Closed on
Feb 28, 2019
Sold by
Hofherr Wolfgang and Hofherr Susan
Bought by
Lorenz Dana
Seller's Agent
STEPHEN SIMPSON
William Raveis Real Estate
Buyer's Agent
SABRA VAN DER POEL
REBACK REALTY INC
List Price
$1,000,000
Sold Price
$1,000,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.08%
Original Mortgage
$800,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 27, 2003
Sold by
Ferguson Thomas C and Ferguson Sue Fan
Bought by
Hofherr Wolfgang and Hofherr Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
8%
Mortgage Type
Stand Alone Second
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
Novick Steven $2,580,000 Equity Land Title
Lorenz Dana $1,000,000 Attorney
Hofherr Wolfgang $570,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Novick Steven $1,500,000
Previous Owner Lorenz Dana $800,000
Previous Owner Hofherr Wolfgang $456,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/23/2024 02/23/24 Rented $27,000 +8.0% --
11/20/2023 11/20/23 For Rent $25,000 0.0% --
04/06/2023 04/06/23 Sold $2,580,000 -6.1% $979 / Sq Ft
04/03/2023 04/03/23 Pending -- -- --
03/27/2023 03/27/23 Price Changed $2,749,000 -5.0% $1,044 / Sq Ft
01/26/2023 01/26/23 Price Changed $2,895,000 -3.3% $1,099 / Sq Ft
12/01/2022 12/01/22 For Sale $2,995,000 +199.5% $1,137 / Sq Ft
03/04/2019 03/04/19 Sold $1,000,000 0.0% $380 / Sq Ft
01/15/2019 01/15/19 Pending -- -- --
05/21/2018 05/21/18 For Sale $1,000,000 -- $380 / 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 $32,789 $2,211,461 -- --
2023 $49,707 $2,398,739 $1,635,930 $762,809
2022 $31,610 $1,528,348 $0 $0
2021 $21,583 $1,052,729 $435,000 $617,729
2020 $19,165 $859,898 $360,000 $499,898
2019 $19,200 $853,392 $345,000 $508,392
2018 $9,032 $449,438 $0 $0
2017 $8,930 $440,194 $0 $0
2016 $8,918 $431,140 $0 $0
2015 $9,098 $428,143 $0 $0
2014 $9,110 $424,745 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10937337

BeachesMLS

APN: 74-43-43-34-05-012-0050