NOT LISTED FOR SALE

227 Ocean Terrace Palm Beach, FL 33480

North End Neighborhood

Estimated Value: $8,017,000 - $11,958,432

4 Beds
4 Baths
3,071 Sq Ft
$3,280/Sq Ft Est. Value

Last Sold August 28, 2018

Last sale price $3,400,000 $1,107 Per Sq Ft

Est. 196% increase in value since last sale

Current estimated payment $66,022/month

138 Days on Market

Highlights

  • Free Form Pool
  • Wood Flooring
  • 1 Car Attached Garage
  • Palm Beach Public School Rated A-
  • Pool View
  • Walk-In Closet

About This Home

As of August 2018

This 4 bedroom, 4 bath partially renovated pool home sits on a large, high elevation lot (110' x 113') on desirable Ocean Terrace. Ready for your touches. Plans also available for stunning contemporary renovation. Situated between the Lake Trail and the new Ocean Terrace beach cabana!

Last Agent to Sell the Property

Cathy Casella

Brown Harris Stevens of PB License #3050060 Listed on: 03/12/2018

Brown Harris Stevens of PB

Last Buyer's Agent

Kim Raich

Sotheby's Intl. Realty, Inc. License #536911

Sotheby's Intl. Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $39,278

Year Built

  • Built in 1951

Lot Details

  • 0.28 Acre Lot
  • South Facing Home
  • Sprinkler System
  • Property is zoned R-B

Parking

  • 1 Car Attached Garage
  • Garage Door Opener
  • Driveway
  • On-Street Parking

Home Design

  • Concrete Roof

Interior Spaces

  • 3,071 Sq Ft Home
  • 1-Story Property
  • French Doors
  • Family Room
  • Combination Dining and Living Room
  • Pool Views
  • Washer

Kitchen

  • Breakfast Bar
  • Gas Range
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 4 Full Bathrooms

Home Security

  • Home Security System
  • Fire and Smoke Detector

Outdoor Features

  • Free Form Pool
  • Patio

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Cable TV Available

Community Details

  • Ocean Terrace Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50434303030000131

Home Details

Home Type

Single Family

Est. Annual Taxes

$39,278

Year Built

Built in 1951

Lot Details

0

Parking

1

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: North Lake Way or North Ocean to Ocean Terrace. Property on North side of street.
  • Year Built: 1951
  • Architectural Style: Ranch
  • Special Features: None

Interior Features

  • Interior Amenities: Breakfast Bar, French Door(s)/Atrium Door(s), Living/Dining Room, Split Bedrooms, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Disposal, Gas Range, Trash Compactor, Washer
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Door Features: French Doors
  • Flooring: Tile, Wood
  • Living Area: 3071.0
  • Dining Room Type: Family Room
  • Stories: 1

Exterior Features

  • Exterior Features: Patio
  • View: Pool
  • Lot Features: Sprinklers Automatic
  • Pool Features: Free Form, Other, Pool
  • Pool Private: Yes
  • Waterfront: No
  • Construction Type: Block
  • Direction Faces: South
  • Patio And Porch Features: Patio
  • Roof: Concrete

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Garage Yn: Yes
  • Parking Features: Attached, Driveway, Garage, On Street, Garage Door Opener

Utilities

  • Security: Security System, Smoke Detector(s)
  • Cooling: Central Air, Zoned
  • Cooling Y N: Yes
  • Heating: Central, Zoned
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 50434303030000131
  • Lot Size Sq Ft: 12376.0
  • Zoning Description: R-B
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 39278.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2018
Closed on
Aug 28, 2018
Sold by
Khoury Amin C
Bought by
227 Ocean Terrace Llc
Seller's Agent
Cathy Casella
Brown Harris Stevens of PB
Buyer's Agent
Kim Raich
Sotheby's Intl. Realty, Inc.
List Price
$3,925,000
Sold Price
$3,400,000
Premium/Discount to List
-$525,000
-13.38%
Current Estimated Value
$10,072,811

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,672,811
Avg. Annual Appreciation
16.71%
Original Mortgage
$80,000
Outstanding Balance
$24,120
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$9,943,941

Purchase Details

Listed on
Jan 20, 2017
Closed on
May 19, 2017
Sold by
Rockwell Robin M and Rockwell Barbara J
Bought by
Khoury Amin C and The Amin C Khoury Revocable Trust
Seller's Agent
ELIZABETH DeWOODY
The Corcoran Group
Buyer's Agent
Cathy Casella
Brown Harris Stevens of Palm Beach 6598
List Price
$3,650,000
Sold Price
$3,650,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.43%

Purchase Details

Closed on
Jul 31, 2014
Sold by
Heyniger Sean G and Heyniger Ashley
Bought by
Rockwell Robin M and Rockwell Barbara J

Purchase Details

Closed on
Mar 20, 2007
Sold by
Barron Lisbeth R
Bought by
Heyniger Sean

Purchase Details

Closed on
Oct 12, 1995
Sold by
Barron Carla and Barron Lisbeth R
Bought by
Barron Lisbeth R
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
227 Ocean Terrace Llc $3,400,000 Attorney
Khoury Amin C $3,650,000 Attorney
Rockwell Robin M $1,250,000 Attorney
Heyniger Sean -- Attorney
Heyniger Sean $2,083,676 Attorney
Barron Lisbeth R $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 227 Ocean Terrace Llc $80,000
Previous Owner Heyniger Sean $1,088,000
Previous Owner Heyniger Sean $1,365,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2018 08/28/18 Sold $3,400,000 -13.4% $1,107 / Sq Ft
07/29/2018 07/29/18 Pending -- -- --
03/12/2018 03/12/18 For Sale $3,925,000 +7.5% $1,278 / Sq Ft
05/22/2017 05/22/17 Sold $3,650,000 0.0% $1,189 / Sq Ft
05/02/2017 05/02/17 Pending -- -- --
01/20/2017 01/20/17 For Sale $3,650,000 -- $1,189 / 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 $130,473 $6,189,088 -- --
2023 $128,443 $5,626,444 $0 $0
2022 $97,355 $5,114,949 $0 $0
2021 $76,377 $4,649,954 $2,710,344 $1,939,610
2020 $42,284 $2,518,516 $2,518,516 $0
2019 $42,598 $2,474,438 $2,289,560 $184,878
2018 $41,073 $2,463,582 $2,289,560 $174,022
2017 $39,278 $2,303,710 $2,126,332 $177,378
2016 $39,690 $2,269,617 $0 $0
2015 $37,134 $2,063,288 $0 $0
2014 $23,664 $1,334,004 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2018

    Cathy Casella

    Brown Harris Stevens of PB

    (561) 659-6400

    2 in this area

    20 Total Sales

    Section Image

  • K

    Buyer's Agent in 2018

    Kim Raich

    Sotheby's Intl. Realty, Inc.

    (561) 547-2229

    15 Total Sales

    Section Image

  • E

    Seller's Agent in 2017

    ELIZABETH DeWOODY

    The Corcoran Group

See All Agents

Map

Source: BeachesMLS

MLS Number: R10413425

BeachesMLS

APN: 50-43-43-03-03-000-0131

Florida Palm Beach County Palm Beach 33480 North End

227 Ocean Terrace, Palm Beach, FL

This home is located at 227 Ocean Terrace, Palm Beach, FL 33480 since 12 March 2018 and is currently estimated at $10,072,811, approximately $3,279 per square foot. This property was built in 1951. 227 Ocean Terrace 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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