$3,600,000
SOLD MAY 18, 2017
4 Beds
3 Baths
3,015 Sq Ft
0.29 Acres

Recently Sold

$1,194 Per Sq Ft

64 Days on Market

Highlights

  • Outdoor Pool
  • Waterfront
  • Lanai
  • Palm Beach Public School Rated A-
  • Mediterranean Architecture
  • No HOA

About This Home

As of August 2020

Located in the secluded North End of world-famous Palm Beach Island, this well-maintained two story home is surrounded by mature landscaping creating a tranquil retreat. The ornate arched entryway leads to the gracious foyer and dining area with terracotta tile found through most of the downstairs living spaces. The living room is flooded with natural light through three sets of French doors that open to the patio and backyard. A gourmet kitchen features a gas range and stainless appliances. The downstairs is completed by guest suite and spacious laundry room.

Upstairs, a stunning master suite with a beautiful balcony overgrown with bougainvillea overlooks the supremely tranquil backyard and pool. Two additional bedrooms offer plenty of room for friends and family. The North End of Palm Beach is surrounded by world-famous beaches on one side and the beautiful Intracoastal waterway on the other with easy access to both.

Last Agent to Sell the Property

THOR BROWN

THE FITE GROUP Listed on: 02/20/2017

Last Buyer's Agent

Christine Franks

Sotheby's International Realty, Inc. License #350305

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $45,931

Year Built

  • Built in 1996

Lot Details

  • 0.29 Acre Lot
  • Waterfront
  • Home has North and South Exposure
  • Sprinkler System
  • Property is zoned RB

Parking

  • 2 Car Garage

Home Design

  • Mediterranean Architecture
  • Barrel Roof Shape
  • Concrete Block And Stucco Construction

Interior Spaces

  • 3,015 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Single Hung Windows
  • Dining Room
  • Utility Room
  • Tile Flooring

Kitchen

  • Gas Range
  • Freezer
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

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

Outdoor Features

  • Outdoor Pool
  • Patio
  • Lanai

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • No Home Owners Association
  • El Encanto Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50434302010000340

Home Details

Home Type

Single Family

Est. Annual Taxes

$45,931

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.29
  • Lot Size: 100
  • Subdivision Name: El Encanto
  • Directions: Call listing agent
  • Architectural Style: Mediterranean, Two Story
  • Year Built: 1996
  • Location Tax Legal:Zoned: RB
  • Location Tax Legal:Homestead Exempt: No
  • Location Tax Legal:Taxes2: 45931.0
  • Location Tax Legal:Tax Year2: 2016
  • General Property Description:Living Area: 3015.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: No
  • Pool:Pool3: Yes
  • Floors:Tile: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • Security:Security System: Yes
  • General Property Description:Lot Dim (1): 100
  • Style:Two Story: Yes
  • General Property Description:Lot SqFt: 12632
  • HOA:None: Yes
  • Exposure:North: Yes
  • Exposure:South: Yes
  • Windows:Single Hung: Yes
  • Roof:Barrel Tile: Yes
  • Style:Mediterranean: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Freezer, Ice Maker, Range-Gas, Washer, Dryer
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Flooring: Tile
  • Interior Amenities: Cable, Ceiling Fan, Smoke Detectors
  • Living Area: 3015.0
  • Window Features: Single Hung
  • Other Rooms:Dining Room: Yes
  • Other Rooms:Utility Room: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Freezer: Yes
  • Appliances:Ice Maker: Yes
  • Interior Features:Cable: Yes
  • Interior Features:Smoke Detectors: Yes
  • Interior Features:Ceiling Fan: Yes
  • Appliances:Range-Gas: 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: Patio/Lanai, Storm Shutters, Sprinkler System
  • Roof: Barrel
  • Exterior Features:Sprinkler System: Yes
  • Construction:Cement BlockStucco: Yes
  • Exterior Features:PatioLanai: Yes
  • Exterior Features:Storm Shutters: Yes

Garage/Parking

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

Utilities

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

Lot Info

  • Land Lease Amount Frequency: No
  • Lot Size Sq Ft: 12632.0
  • Parcel #: 50434302010000340
  • Zoning: RB
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 45931.0
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 31, 2019
Closed on
Aug 10, 2020
Sold by
Durach Family Ltd
Bought by
236 La Puerta Way Llc
Seller's Agent
Elaine Edwards
Brown Harris Stevens of PB
Buyer's Agent
Karen Bellows
Coldwell Banker Realty
List Price
$8,195,000
Sold Price
$4,100,000
Premium/Discount to List
-$4,095,000
-49.97%
Total Days on Market
64
Current Estimated Value
$7,874,161

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,774,161
Avg. Annual Appreciation
14.63%

Purchase Details

Listed on
Feb 20, 2017
Closed on
May 18, 2017
Sold by
Gerschel Patrick and The Patrick Gerschel Living Tr
Bought by
Durach Family Ld
Seller's Agent
THOR BROWN
THE FITE GROUP
Buyer's Agent
Christine Franks
Sotheby's International Realty, Inc.
List Price
$3,600,000
Sold Price
$3,600,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.07%
Original Mortgage
$25,200
Interest Rate
3.95%

Purchase Details

Closed on
Jun 4, 2013
Sold by
Gerschel Elizabeth and Gerschel Patrick
Bought by
Gerschel Patrick

Purchase Details

Closed on
Jun 1, 2006
Sold by
Gerschel Elizabeth
Bought by
Gerschel Patrick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,600,000
Interest Rate
6.44%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 23, 2006
Sold by
The Huntington National Bank
Bought by
Gerschel Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,600,000
Interest Rate
6.44%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 15, 1994
Sold by
Byrd Wade R and Byrd Sharon Stewart
Bought by
Huntington Tr Co N A
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 Type Sale Price Title Company
Warranty Deed $4,100,000 Attorney
Deed $3,600,000 Attorney
Interfamily Deed Transfer $1,600,000 Attorney
Quit Claim Deed -- Attorney
Deed $2,789,000 Attorney
Warranty Deed $295,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $25,200 No Value Available
Previous Owner $1,600,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2024 06/01/24 Rented $30,000 0.0% --
05/02/2024 05/02/24 Under Contract -- -- --
03/08/2024 03/08/24 For Rent $30,000 -45.5% --
03/08/2024 03/08/24 Rented $55,000 +83.3% --
02/08/2024 02/08/24 Price Changed $30,000 -14.3% $10 / Sq Ft
12/12/2023 12/12/23 Price Changed $35,000 -12.5% $12 / Sq Ft
02/17/2023 02/17/23 For Rent $40,000 -81.0% --
02/13/2023 02/13/23 Rented $210,000 +425.0% --
02/10/2023 02/10/23 Under Contract -- -- --
05/03/2022 05/03/22 For Rent $40,000 +11.1% --
12/14/2021 12/14/21 Rented $36,000 -10.0% --
11/14/2021 11/14/21 Under Contract -- -- --
07/02/2021 07/02/21 For Rent $40,000 0.0% --
08/21/2020 08/21/20 Sold $4,100,000 -50.0% $1,360 / Sq Ft
07/22/2020 07/22/20 Pending -- -- --
10/31/2019 10/31/19 For Sale $8,195,000 +127.6% $2,718 / Sq Ft
05/18/2017 05/18/17 Sold $3,600,000 0.0% $1,194 / Sq Ft
04/25/2017 04/25/17 Pending -- -- --
02/20/2017 02/20/17 For Sale $3,600,000 -- $1,194 / 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 $91,049 $5,013,529 -- --
2023 $86,737 $4,557,754 $0 $0
2022 $76,443 $4,143,413 $0 $0
2021 $62,047 $3,766,739 $2,737,500 $1,029,239
2020 $57,193 $3,411,943 $2,543,750 $868,193
2019 $56,788 $3,316,892 $2,312,500 $1,004,392
2018 $53,980 $3,255,535 $2,312,500 $943,035
2017 $46,343 $2,727,860 $2,143,690 $584,170
2016 $45,931 $2,608,086 $0 $0
2015 $43,344 $2,370,987 $0 $0
2014 $39,287 $2,155,443 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 17-478

APN: 50-43-43-02-01-000-0340