NOT LISTED FOR SALE

Estimated Value: $8,405,000 - $9,091,000

3 Beds
3.5 Baths
3,686 Sq Ft
$2,343/Sq Ft Est. Value

Last Sold May 12, 2021

Last sale price $6,475,000 $1,757 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $54,162/month

9 Days on Market

Highlights

  • Private Pool
  • Wood Flooring
  • Formal Dining Room
  • Palm Beach Public School Rated A-
  • Den
  • Fireplace

About This Home

As of May 2021

This home is located at 218 Merrain Rd, Palm Beach, FL 33480 since 02 April 2021 and is currently estimated at $8,634,978, approximately $2,342 per square foot. This property was built in 1938. 218 Merrain Rd is a home located in Palm Beach County with nearby schools including Palm Beach Public School, Conniston Middle School, and Palm Beach Lakes Community High School.

Last Agent to Sell the Property

Christian Angle

Christian Angle Real Estate License #703536 Listed on: 04/02/2021

Last Buyer's Agent

Suzanne Frisbie

The Corcoran Group License #508253

The Corcoran Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $28,694

Year Built

  • Built in 1938

Lot Details

  • 0.29 Acre Lot
  • Fenced
  • Property is zoned R-B(ci

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Frame Construction

Interior Spaces

  • 3,686 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • Entrance Foyer
  • Family Room
  • Formal Dining Room
  • Den
  • Home Security System

Kitchen

  • Eat-In Kitchen
  • Gas Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile
  • Terrazzo

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Additional Features

  • Private Pool
  • Central Heating and Cooling System

Community Details

  • Bello Lido Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50434303060000290

Home Details

Home Type

Single Family

Est. Annual Taxes

$28,694

Year Built

Built in 1938

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Call LO
  • Year Built: 1938
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Dining Area, Separate/Formal Dining Room, Entrance Foyer, Eat-in Kitchen, Fireplace, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Disposal, Gas Range, Ice Maker, Microwave, Refrigerator, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace: Yes
  • Flooring: Terrazzo, Tile, Wood
  • Living Area: 3686.0
  • Dining Room Type: Den, Family Room, Laundry
  • Stories: 2

Exterior Features

  • Exterior Features: Fence
  • Pool Features: Pool
  • Pool Private: Yes
  • Waterfront: No
  • Construction Type: Frame
  • Property Condition: Resale

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Garage Yn: Yes
  • Parking Features: Attached, Driveway, Garage, Two or More Spaces

Utilities

  • Security: Security System
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Amenities: Other
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 50434303060000290
  • Lot Size Sq Ft: 12771.0
  • Zoning Description: R-B(ci
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 28694.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 2, 2021
Closed on
May 10, 2021
Sold by
Haft Stuart J and Haft Allison Rogers
Bought by
Keith Robert M and Keith Kate L
Seller's Agent
Christian Angle
Christian Angle Real Estate
Buyer's Agent
Suzanne Frisbie
The Corcoran Group
List Price
$6,475,000
Sold Price
$6,475,000
Total Days on Market
9
Current Estimated Value
$8,634,978

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,159,978
Avg. Annual Appreciation
7.35%
Original Mortgage
$3,885,000
Outstanding Balance
$3,540,177
Interest Rate
2.75%
Mortgage Type
New Conventional
Estimated Equity
$5,094,801

Purchase Details

Closed on
Aug 2, 2007
Sold by
Grinberg Francisco and Grinberg Susan E
Bought by
Haft Stuart J and Haft Allison Rogers

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,160,000
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 14, 1996
Sold by
Barnett Banks Trust Co Na Tr
Bought by
Grinberg Francisco and Grinberg Susan E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,100
Interest Rate
8.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 8, 1996
Sold by
Harris Trust Co Of Fl Na Tr
Bought by
Barnett Banks Trust Co Na
Source: Public Records

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Range of Values:

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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
Keith Robert M $6,475,000 Attorney
Haft Stuart J $2,700,000 Attorney
Grinberg Francisco $387,500 --
Barnett Banks Trust Co Na $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Keith Robert M $3,885,000
Previous Owner Haft Stuart J $989,000
Previous Owner Haft Stuart J $1,000,000
Previous Owner Haft Stuart J $2,160,000
Previous Owner Grinberg Francisco $150,000
Previous Owner Grinberg Francisco $772,000
Previous Owner Barnett Banks Trust Co Na $747,500
Previous Owner Barnett Banks Trust Co Na $368,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2021 05/12/21 Sold $6,475,000 0.0% $1,757 / Sq Ft
04/12/2021 04/12/21 Pending -- -- --
04/02/2021 04/02/21 For Sale $6,475,000 -- $1,757 / 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 $100,031 $6,689,793 -- --
2023 $97,973 $6,494,945 $5,564,528 $930,417
2022 $82,308 $5,244,231 $0 $0
2021 $28,652 $1,736,971 $0 $0
2020 $28,694 $1,712,989 $0 $0
2019 $28,635 $1,674,476 $0 $0
2018 $27,229 $1,643,254 $0 $0
2017 $27,222 $1,609,455 $0 $0
2016 $26,770 $1,576,352 $0 $0
2015 $27,676 $1,565,394 $0 $0
2014 $27,813 $1,552,970 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10704888

BeachesMLS

APN: 50-43-43-03-06-000-0290