NOT LISTED FOR SALE

Estimated Value: $7,235,000 - $8,511,938

5 Beds
5 Baths
3,328 Sq Ft
$2,395/Sq Ft Est. Value

Last Sold November 20, 2019

Last sale price $3,800,000 $1,142 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $49,629/month

215 Days on Market

Highlights

  • Outdoor Pool
  • Waterfront
  • No HOA
  • Palm Beach Public School Rated A-
  • Wood Flooring
  • Balcony

About This Home

As of November 2019

Beautifully designed and renovated by the renowned Sciame Homes, situated at the North End of Palm Beach Island in between easy beach access and the bike trail. This quintessential home offers a large open floor plan with 5 oversized bedrooms, each with an en-suite bathrooms. A guest suite on the second floor leads into sun-drenched panoramic rooftop entertainment deck. The entire home is equipped with the highest end finishes, custom fixtures, and hurricane impact windows throughout. Enjoy the outdoor oasis in the spacious backyard with a manicured lawn, a 40' lap pool and two seating areas.

Last Agent to Sell the Property

Chris Leavitt

Douglas Elliman License #SL-3232586 Listed on: 04/12/2019

Douglas Elliman

Co-Listed By

Ashley McIntosh

Douglas Elliman License #476962

Last Buyer's Agent

Todd Peter

GRIKITIS PETER GROUP LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $37,945

Year Built

  • Built in 1950

Lot Details

  • 0.26 Acre Lot
  • Waterfront
  • North Facing Home
  • Property is zoned R-B - Low Density Residential, R-B - Low Density

Parking

  • 2 Car Garage

Home Design

  • Tile Roof
  • Fiber Cement Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 3,328 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Fireplace
  • Dining Room
  • Wood Flooring

Kitchen

  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Pool
  • Balcony

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Ocean Terrace Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50434303030000030

Home Details

Home Type

Single Family

Est. Annual Taxes

$37,945

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.26
  • Lot Size: 100
  • Subdivision Name: Ocean Terrace
  • Architectural Style: Two Story
  • Garage Yn: Yes
  • Year Built: 1950
  • Location Tax Legal:Zoned: R-B - Low Density Residential
  • Location Tax Legal:Homestead Exempt: No
  • Location Tax Legal:Taxes2: 37944.8
  • Location Tax Legal:Tax Year2: 2017
  • General Property Description:Living Area: 3328.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: No
  • Pool:Pool3: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • General Property Description:Lot Dim (1): 100
  • Floors:Hardwood: Yes
  • Roof:Cement Tile: Yes
  • Style:Two Story: Yes
  • General Property Description:Lot SqFt: 11326
  • WaterSewer:City Water: Yes
  • HOA:None: Yes
  • Exposure:North: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Freezer, Washer, Dryer
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Flooring: Hardwood
  • Interior Amenities: Ceiling Fan, Fireplace
  • Living Area: 3328.0
  • Window Features: Other
  • Other Rooms:Dining Room: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Freezer: Yes
  • Interior Features:Ceiling Fan: Yes
  • Interior Features:Fireplace: Yes

Exterior Features

  • Lot Features: 1/4 A - 21,779 SF
  • Pool Features: Pool
  • Pool Private: Yes
  • Waterfront Features: No - Waterfront
  • Waterfront: Yes
  • Construction Type: Cement Block/Stucco
  • Exterior Features: Balcony
  • Roof: Cement Tile
  • Exterior Features:Balcony: Yes
  • Construction:Cement BlockStucco: Yes

Garage/Parking

  • Parking Features: 2 Car
  • Garage:_two_ Car: Yes

Utilities

  • Heating: Central Air, Central Heat
  • Heating Yn: Yes

Lot Info

  • Land Lease Amount Frequency: No
  • Lot Size Sq Ft: 11326.0
  • Parcel #: 50434303030000030
  • Zoning: R-B - Low Density
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 37944.8
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2019
Closed on
Nov 20, 2019
Sold by
Palm Beach Angler Llc
Bought by
Smith Gary
Seller's Agent
Chris Leavitt
Douglas Elliman
Buyer's Agent
Todd Peter
GRIKITIS PETER GROUP LLC
List Price
$3,800,000
Sold Price
$3,800,000
Current Estimated Value
$7,969,985

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,169,985
Avg. Annual Appreciation
15.34%

Purchase Details

Listed on
Sep 13, 2011
Closed on
May 2, 2012
Sold by
Stevens Mark
Bought by
Palm Beach Angler Llc
Seller's Agent
SONJA STEVENS
THE FITE GROUP
Buyer's Agent
Christian Angle
Christian Angle Real Estate
List Price
$1,850,000
Sold Price
$1,850,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.99%
Original Mortgage
$1,387,500
Interest Rate
4.13%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jan 5, 2004
Sold by
Lowham Mark C and Ruzzo Joseph A
Bought by
Stevens Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 30, 2002
Sold by
Smithers Christopher Brinkley and Smithers C
Bought by
Lowham Mark C and Ruzzo Joseph A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$980,000
Interest Rate
4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 20, 1999
Sold by
Finnegan Brent J and Finnegan Karen W
Bought by
Morgan Guaranty Trust Co

Purchase Details

Closed on
Sep 16, 1997
Sold by
Minars Allen
Bought by
Finnegan Brent and Finnegan Karen W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$608,000
Interest Rate
7.39%
Mortgage Type
New Conventional
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
Smith Gary $3,572,280 Attorney
Palm Beach Angler Llc $1,850,000 Attorney
Stevens Mark $2,050,000 --
Lowham Mark C -- --
Lowham Mark C $1,400,000 --
Morgan Guaranty Trust Co $1,000,000 --
Finnegan Brent $760,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Palm Beach Angler Llc $2,150,000
Previous Owner Palm Beach Angler Llc $730,014
Previous Owner Palm Beach Angler Llc $1,387,500
Previous Owner Stevens Mark $1,500,000
Previous Owner Lowham Mark C $75,000
Previous Owner Lowham Mark C $980,000
Previous Owner Finnegan Brent $608,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/20/2019 11/20/19 Sold $3,800,000 0.0% $1,142 / Sq Ft
11/13/2019 11/13/19 Pending -- -- --
04/12/2019 04/12/19 For Sale $3,800,000 +105.4% $1,142 / Sq Ft
05/02/2012 05/02/12 Sold $1,850,000 0.0% $561 / Sq Ft
03/14/2012 03/14/12 Pending -- -- --
09/13/2011 09/13/11 For Sale $1,850,000 -- $561 / 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 $71,917 $4,812,271 -- --
2023 $70,420 $4,672,108 $0 $0
2022 $70,539 $4,536,027 $0 $0
2021 $50,427 $3,050,590 $2,475,357 $575,233
2020 $48,403 $2,879,055 $2,300,161 $578,894
2019 $45,186 $2,670,154 $2,091,055 $579,099
2018 $41,358 $2,658,932 $2,091,055 $567,877
2017 $37,945 $2,336,745 $1,987,470 $349,275
2016 $36,462 $1,951,169 $0 $0
2015 $34,274 $1,773,790 $0 $0
2014 $31,562 $1,612,536 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 19-930

APN: 50-43-43-03-03-000-0030