NOT LISTED FOR SALE

Estimated Value: $4,798,000 - $6,685,000

4 Beds
5 Baths
5,786 Sq Ft
$999/Sq Ft Est. Value

Last Sold February 19, 2021

Last sale price $2,700,000 $467 Per Sq Ft

Est. 114% increase in value since last sale

Current estimated payment $39,554/month

151 Days on Market

Highlights

  • Cabana
  • 0.44 Acre Lot
  • Lanai
  • Waterfront
  • Marble Flooring
  • No HOA

About This Home

As of February 2021

2015 Construction on the highly desirable tree-canopied Essex Lane. Located on a 19,000+ sf lot, this 4 bedroom, 5 1/2 bathroom home offers quality construction and an ideal lifestyle for the needs of today's Buyers. Gracious covered porches flank the entrance of the home providing a casual refinement and ease to the property. Inside, there are 23 foot vaulted ceilings, generous room proportions, gourmet kitchen with top-of-the-line appliances, oversized Den, first floor Master suite, and a wall of impact glass windows flooding the home with natural light. On the second level, all bedrooms boast ensuite bathrooms and walk-in closets with an option for a fifth bedroom as well. The exterior of the property is extremely private, spacious and ideal for entertaining with an oversized, beach-entry pool and separate cabana. Two air-conditioned 2-car garages provide endless opportunity for the car enthusiast or a workshop. A must see!

Last Agent to Sell the Property

Cara McClure

Douglas Elliman License #SL-3177951 Listed on: 07/31/2020

Douglas Elliman

Co-Listed By

LISA WILKINSON

Douglas Elliman License #SL-3254735

Last Buyer's Agent

Nancy Cheng

Coldwell Banker Realty License #3368922

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $40,500

Year Built

  • Built in 2015

Lot Details

  • 0.44 Acre Lot
  • Waterfront
  • North Facing Home
  • Back Yard Fenced
  • Sprinkler System
  • Property is zoned 0100 SINGLE FAMILY - GENERAL, 0100 SINGLE FAMILY -

Parking

  • 4 Car Garage

Home Design

  • Metal Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 5,786 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Central Vacuum
  • Ceiling Fan
  • Dining Room
  • Library

Kitchen

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

Flooring

  • Wood
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 5 Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Hurricane or Storm Shutters
  • Impact Glass
  • Fire and Smoke Detector

Pool

  • Cabana
  • Pool and Spa
  • Gas Heated Pool
  • Outdoor Pool

Outdoor Features

  • Balcony
  • Patio
  • Lanai

Utilities

  • Zoned Heating and Cooling
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Essex Lane Subdivision

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 74434403140000080

Home Details

Home Type

Single Family

Est. Annual Taxes

$40,500

Year Built

Built in 2015

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.44
  • Lot Size: 100
  • Subdivision Name: Essex Lane
  • Directions: From Olive, turn East on Essex, on South side of the street.
  • Architectural Style: Two Story
  • Garage Yn: Yes
  • Year Built: 2015
  • Location Tax Legal:Zoned: 0100 SINGLE FAMILY - GENERAL
  • Location Tax Legal:Homestead Exempt: Yes
  • Location Tax Legal:Taxes2: 40500.0
  • Location Tax Legal:Tax Year2: 2020
  • General Property Description:Living Area: 5786.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: No
  • Pool:Pool3: Yes
  • Floors:Tile: Yes
  • Appliances Refrigerators: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • Security:Security System: Yes
  • General Property Description:Lot Dim (1): 100
  • Pool:Heated - Gas: Yes
  • Floors:Hardwood: Yes
  • Floors:Marble: Yes
  • WaterSewer:Sewer: Yes
  • Style:Two Story: Yes
  • Windows:Impact Glass - Full: Yes
  • Pets:Pets Allowed: Yes
  • General Property Description:Lot SqFt: 19013
  • WaterSewer:City Water: Yes
  • HOA:None: Yes
  • Exposure:North: Yes
  • Windows:Impact Glass: Yes
  • ACHeat:Multi Zone Air: Yes
  • ACHeat:Multi Zone Heat: Yes
  • Roof:Metal: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Freezer, Ice Maker, Range-Gas, Oven-Convection, Microwave, Washer, Dryer, Central Vac System
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Flooring: Hardwood, Marble, Tile
  • Interior Amenities: Cable, Ceiling Fan, Smoke Detectors, Wet Bar, Wndw Trmnts Included, Pantry
  • Living Area: 5786.0
  • Window Features: Impact Glass, Impact Glass-Full
  • Interior Features:Wndw Trmnts Included: Yes
  • Other Rooms:Dining Room: Yes
  • Other Rooms:Eat-in Kitchen: Yes
  • Other Rooms:Pantry: Yes
  • Other Rooms:LibraryDen: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Freezer: Yes
  • Appliances:Ice Maker: Yes
  • Appliances:Oven-Convection: Yes
  • Interior Features:Cable: Yes
  • Interior Features:Smoke Detectors: Yes
  • Interior Features:Ceiling Fan: Yes
  • Other Rooms:Dining Area: Yes
  • Interior Features:Wet Bar: Yes
  • Appliances:Range-Gas: Yes
  • Appliances:Central Vac System: Yes

Exterior Features

  • Lot Features: 1/4 A - 21,779 SF
  • Pool Features: Pool, Heated - Gas, Spa
  • Pool Private: Yes
  • Waterfront Features: No - Waterfront
  • Waterfront: Yes
  • Construction Type: Cement Block/Stucco
  • Exterior Features: Balcony, Patio/Lanai, Cabana, Fence-Back Wall, Storm Shutters, Sprinkler System
  • Roof: Metal, Other
  • Exterior Features:Balcony: Yes
  • Exterior Features:Sprinkler System: Yes
  • Construction:Cement BlockStucco: Yes
  • Exterior Features:PatioLanai: Yes
  • Exterior Features:Fence - Back Wall: Yes
  • Exterior Features:Storm Shutters: Yes
  • Pool/Spa: Yes
  • Exterior Features:Cabana: Yes

Garage/Parking

  • Parking Features: 4 Car, Air Conditioned
  • Garage:Air Conditioned: Yes
  • Garage:_four_ Car: Yes

Utilities

  • Security: Security System
  • Heating: Multi Zone Air, Multi Zone Heat
  • Heating Yn: Yes

Lot Info

  • Land Lease Amount Frequency: No
  • Lot Size Sq Ft: 19013.0
  • Parcel #: 74434403140000080
  • Zoning: 0100 SINGLE FAMILY -
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 40500.0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2020
Closed on
Feb 19, 2021
Sold by
Singer Barrett M and Singer Sandra B
Bought by
Cheng Mylo
Seller's Agent
Cara McClure
Douglas Elliman
Buyer's Agent
Nancy Cheng
Coldwell Banker Realty
List Price
$2,700,000
Sold Price
$2,700,000
Current Estimated Value
$5,777,569

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,077,569
Avg. Annual Appreciation
19.27%
Original Mortgage
$2,025,000
Outstanding Balance
$1,834,363
Interest Rate
2.65%
Mortgage Type
New Conventional
Estimated Equity
$3,998,037

Purchase Details

Closed on
Sep 30, 2010
Sold by
Carter Marie France
Bought by
Singer Barrett M
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
Cheng Mylo $2,700,000 Attorney
Singer Barrett M $250,000 Sunbelt Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cheng Mylo $249,998
Open Cheng Mylo $2,025,000
Previous Owner Singer Barrett M $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/19/2021 02/19/21 Sold $2,700,000 0.0% $467 / Sq Ft
12/29/2020 12/29/20 Pending -- -- --
07/31/2020 07/31/20 For Sale $2,700,000 -- $467 / Sq Ft
Source: Palm Beach Board of REALTORS®

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 $91,750 $4,471,423 -- --
2023 $64,576 $3,162,606 $0 $0
2022 $64,118 $3,070,491 $0 $0
2021 $40,664 $1,899,209 $0 $0
2020 $40,500 $1,872,987 $600,000 $1,272,987
2019 $41,021 $1,831,845 $500,000 $1,331,845
2015 $44,029 $1,944,926 $0 $0
2014 $7,078 $291,203 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 20-1306

APN: 74-43-44-03-14-000-0080