NOT LISTED FOR SALE

Estimated Value: $1,466,337

3 Beds
3.5 Baths
1,941 Sq Ft
$1,665/mo HOA Fee

Last Sold May 20, 2014

Last sale price $880,000 $453 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $11,203/month

52 Days on Market

Highlights

  • Ocean View
  • Property has ocean access
  • Waterfront
  • Bayview Elementary School Rated A
  • Fitness Center
  • 1-minute walk to Willingham Park

About This Home

As of May 2014

BEST DEAL IN THE PALMS. VACANT AND READY FOR IMMEDIATE OCCUPANCY. BEAUTIFUL 3 BEDROOM/3 AND A HALF BATHROOM FLOORPLAN. SWEEPING DIRECT OCEAN VIEWS WITH VIEWS OF THE INTRACOASTAL. MARBLE FLOORS, CLOSET BUILT IN'S AND WASHER/DRYER LOCATED IN THE UNIT.THE PA LMS IS A PREMIER BUILDING WITH WORLD CLASS AMENITIES WITH 24 HOUR VALET SERVICE, TOWEL SERVICE , TENNIS, RAQUETBALL AND MORE. WILL NOT LAST !

Last Agent to Sell the Property

Thomas Zazarino

Las Olas Realty Group LLC License #3239979 Listed on: 02/26/2014

Co-Listed By

Peter Piazza

Las Olas Realty Group LLC

Last Buyer's Agent

Scott Roman

Compass Florida License #3049591

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $14,929

Year Built

  • Built in 1999

Lot Details

  • Waterfront

HOA Fees

  • $1,665 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Property Views

Interior Spaces

  • 1,941 Sq Ft Home
  • Entrance Foyer

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Property has ocean access
  • Open Patio

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 494330CD0230

Community Details

Overview

  • Association fees include all facilities, management, common areas, cable TV, maintenance structure, parking, pool(s), sewer, security, trash, water
  • The Palms Subdivision
  • 32-Story Property

Amenities

  • Clubhouse
  • Elevator

Recreation

  • Community Spa

Pet Policy

  • Pets Allowed

Security

  • Security Guard

Property Details

Home Type

Condominium

Est. Annual Taxes

$14,929

Year Built

Built in 1999

Lot Details

0

HOA Fees

$1,665 per month

Parking

1

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Year Built: 1999
  • Year Built Details: Resale
  • Special Features: RealEstateOwned

Interior Features

  • Interior Amenities: Bedroom on Main Level, Entrance Foyer, Elevator
  • Appliances: Dryer, Dishwasher, Electric Range, Refrigerator, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Marble, Wood
  • Living Area: 1941.0
  • Stories: 32

Exterior Features

  • Exterior Features: Balcony, Barbecue, Tennis Court(s)
  • View: Ocean, Pool
  • Pool Features: Association
  • Waterfront Features: None, Ocean Access, Other
  • Waterfront: Yes
  • Disclosures: Owner Is Listing Agent
  • Construction Type: Block
  • Patio And Porch Features: Balcony, Open
  • Property Condition: Resale

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Garage Yn: Yes
  • Parking Features: Attached, Garage, One Space

Utilities

  • Security: Elevator Secured, Lobby Secured, Security Guard
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 1665.0
  • Senior Community: No
  • Amenities: Clubhouse, Fitness Center, Pool, Sauna, Spa/Hot Tub, Tennis Court(s), Elevator(s)
  • Association #2 Fee: 1665.0
  • Association Fee Frequency: Monthly
  • Pets Allowed: Conditional, Yes

Fee Information

  • Association Fee Includes: All Facilities, Association Management, Common Areas, Cable TV, Maintenance Structure, Parking, Pool(s), Sewer, Security, Trash, Water

Lot Info

  • Parcel #: 494330CD0230

Tax Info

  • Tax Year: 2013
  • Tax Annual Amount: 14929.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 26, 2014
Closed on
May 16, 2014
Sold by
American Home Mortgage Funding Llc
Bought by
Kramer Melvin N and Melvin N Kramer Trust
Seller's Agent
Thomas Zazarino
Las Olas Realty Group LLC
Buyer's Agent
Scott Roman
Compass Florida
List Price
$899,000
Sold Price
$880,000
Premium/Discount to List
-$19,000
-2.11%
Current Estimated Value
$1,466,337

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$586,337
Avg. Annual Appreciation
5.24%
Original Mortgage
$572,000
Outstanding Balance
$416,182
Interest Rate
2.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,146,671

Purchase Details

Closed on
Feb 18, 2014
Sold by
Hernandez Cheryl and Hernandez Hugo
Bought by
American Home Mortgage Funding Llc

Purchase Details

Closed on
Dec 3, 2013
Sold by
Hernandez Cheryl and Hernandez Hugo
Bought by
The Palms 2100 Tower One Condominium Ass

Purchase Details

Closed on
Aug 26, 1999
Sold by
Palms 2100 Ocean Boulevard Ltd
Bought by
Hernandez Hugo and Hernandez Cheryl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Interest Rate
7.58%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Kramer Melvin N $880,000 Security Title & Escrow Inc
American Home Mortgage Funding Llc $680,800 None Available
The Palms 2100 Tower One Condominium Ass $300 None Available
Hernandez Hugo $380,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kramer Melvin N $206,500
Open Kramer Melvin N $572,000
Closed Kramer Melvin N $572,000
Previous Owner Hernandez Hugo $900,000
Previous Owner Hernandez Hugo $150,000
Previous Owner Hernandez Hugo $600,000
Previous Owner Hernandez Hugo $258,700
Previous Owner Hernandez Hugo $140,000
Previous Owner Hernandez Hugo $265,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2014 05/20/14 Sold $880,000 -2.1% $453 / Sq Ft
04/20/2014 04/20/14 Pending -- -- --
02/26/2014 02/26/14 For Sale $899,000 -- $463 / 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 $18,125 $1,026,360 -- --
2024 $17,843 $997,440 -- --
2023 $17,843 $968,390 $0 $0
2022 $17,018 $940,190 $0 $0
2021 $16,528 $912,810 $0 $0
2020 $16,212 $900,210 $0 $0
2019 $15,904 $879,980 $0 $0
2018 $15,186 $863,580 $0 $0
2017 $15,123 $845,820 $0 $0
2016 $15,260 $828,430 $0 $0
2015 $15,559 $822,680 $0 $0
2014 $17,207 $850,070 $0 $0
2013 -- $727,280 $72,730 $654,550
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F1278689

BeachesMLS (Greater Fort Lauderdale)

APN: 49-43-30-CD-0230