NOT LISTED FOR SALE

Estimated Value: $7,203,000 - $21,960,669

5 Beds
9 Baths
6,162 Sq Ft
$2,366/Sq Ft Est. Value

Last Sold September 01, 2020

Last sale price $8,950,000 $1,452 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $93,316/month

180 Days on Market

Highlights

  • Heated Pool
  • Vaulted Ceiling
  • Marble Flooring
  • Palm Beach Public School Rated A-
  • Roman Tub
  • Garden View

About This Home

As of September 2020

Elegant Mediterranean residence nestled in the beautiful Phipps Estates built by Dan Swanson. The only street in Palm Beach with a gated entrance. This home features marble staircase, magnificent 2-story marble foyer, exquisitely detailed 15' ceilings & architectural detail throughout. First floor master suite with his and her bathrooms, 4 guest suites, gourmet kitchen open to family room, covered outdoor dining terrace, Heated salt water pool, elevator, Entertainment bar, full house generator and a 3 car garage all on a prime North exposure.

Last Agent to Sell the Property

Manuela Yanez

William Raveis Real Estate License #3319364 Listed on: 02/04/2020

Last Buyer's Agent

Dana Koch

The Corcoran Group License #3027862

The Corcoran Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $91,412

Year Built

  • Built in 2000

Lot Details

  • Lot Dimensions are 115 x 175
  • Fenced
  • Sprinkler System
  • Property is zoned Rb

HOA Fees

  • $1,266 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • Driveway

Property Views

  • Garden
  • Pool

Home Design

  • Mediterranean Architecture
  • Barrel Roof Shape

Interior Spaces

  • 6,162 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Wet Bar
  • Central Vacuum
  • Built-In Features
  • Bar
  • Vaulted Ceiling
  • Decorative Fireplace
  • Awning
  • Single Hung Metal Windows
  • Blinds
  • French Doors
  • Family Room
  • Formal Dining Room
  • Den

Kitchen

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

Flooring

  • Carpet
  • Marble

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Split Bedroom Floorplan
  • Closet Cabinetry
  • Walk-In Closet
  • In-Law or Guest Suite
  • Bidet
  • Dual Sinks
  • Roman Tub
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • Laundry Tub

Home Security

  • Security Gate
  • Impact Glass
  • Fire and Smoke Detector

Outdoor Features

  • Heated Pool
  • Patio

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Water Purifier
  • Water Softener is Owned
  • Cable TV Available

Community Details

  • Phipps Estates Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50434314290000070

Home Details

Home Type

Single Family

Est. Annual Taxes

$91,412

Year Built

Built in 2000

Lot Details

0

HOA Fees

$1,266 per month

Parking

3

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: North Lake Way to Phipps Estates
  • Year Built: 2000
  • Architectural Style: Mediterranean
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Wet Bar, Bidet, Built-in Features, Closet Cabinetry, Dining Area, Separate/Formal Dining Room, Dual Sinks, Eat-in Kitchen, Elevator, French Door(s)/Atrium Door(s), Fireplace, Garden Tub/Roman Tub, High Ceilings, Split Bedrooms, Separate Shower, Vaulted Ceiling(s), Bar, Walk-In Closet(s), Central Vacuum
  • Furnished: Unfurnished
  • Appliances: Cooktop, Dryer, Dishwasher, Electric Range, Disposal, Gas Range, Microwave, Refrigerator, Water Softener Owned, Water Purifier, Washer
  • Full Bathrooms: 6
  • Half Bathrooms: 3
  • Total Bedrooms: 5
  • Door Features: French Doors
  • Fireplace Features: Decorative
  • Fireplace: Yes
  • Flooring: Carpet, Marble
  • Living Area: 6162.0
  • Dining Room Type: Den, Family Room, In-Law Suite, Laundry, Storage Room
  • Stories: 2
  • Window Features: Blinds, Drapes, Impact Glass, Metal, Single Hung

Exterior Features

  • Exterior Features: Fence, Patio, Awning(s)
  • View: Garden, Pool
  • Lot Features: Sprinklers Automatic
  • Pool Features: Heated, Pool
  • Pool Private: Yes
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Barrel

Garage/Parking

  • Covered Parking Spaces: 3.0
  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Garage Yn: Yes
  • Parking Features: Attached, Driveway, Garage, Two or More Spaces, Garage Door Opener

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup, Laundry Tub
  • Security: Security Gate, Smoke Detector(s)
  • Cooling: Central Air, Electric, 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

  • Association Fee: 1266.0
  • Community Features: Non-Gated
  • Senior Community: No
  • Amenities: Other
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 50434314290000070
  • Lot Size: 115 x 175
  • Zoning Description: Rb

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 91412.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 4, 2020
Closed on
Sep 1, 2020
Sold by
Porreco Debra Elaine and Debra Elaine Porreco Revocable
Bought by
Rome Michael S and Rome Lisa A
Seller's Agent
Manuela Yanez
William Raveis Real Estate
Buyer's Agent
Dana Koch
The Corcoran Group
List Price
$9,847,000
Sold Price
$8,950,000
Premium/Discount to List
-$897,000
-9.11%
Total Days on Market
180
Current Estimated Value
$14,581,835

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,631,835
Avg. Annual Appreciation
10.80%
Original Mortgage
$7,160,000
Outstanding Balance
$5,281,290
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$9,300,545

Purchase Details

Closed on
Jan 9, 2020
Sold by
Porreco Debra Elaine and Graciano Richard A
Bought by
Porreco Debra Elaine and Debra Elaine Porreco Revocable

Purchase Details

Closed on
Dec 13, 2019
Sold by
Campbell Chris and Porreco Mary
Bought by
Porreco Debra Elaine and Debra Elaine Porreco Revocable

Purchase Details

Closed on
Oct 17, 2017
Sold by
Porreco Debra
Bought by
Porreco Debra Elaine and Debra Elaine Porreco Revocable

Purchase Details

Closed on
Dec 9, 2010
Sold by
Dimino Frank and Dimino Helen
Bought by
Porreco Louis J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,280,000
Interest Rate
4.31%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 8, 1999
Sold by
Phipps Estates Ltd Ptnrshp
Bought by
Dimino Frank
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
Rome Michael S $8,950,000 Attorney
Porreco Debra Elaine -- Attorney
Porreco Debra Elaine -- None Available
Porreco Debra Elaine -- None Available
Porreco Louis J $5,350,000 None Available
Dimino Frank $1,470,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rome Michael S $7,160,000
Previous Owner Porreco Louis J $4,280,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2020 09/01/20 Sold $8,950,000 -9.1% $1,452 / Sq Ft
08/02/2020 08/02/20 Pending -- -- --
02/03/2020 02/03/20 For Sale $9,847,000 -- $1,598 / 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 $122,334 $8,202,681 -- --
2023 $119,836 $7,963,768 $0 $0
2022 $120,058 $7,731,814 $0 $0
2021 $122,088 $7,506,616 $0 $0
2020 $91,943 $5,558,687 $0 $0
2019 $91,773 $5,433,712 $0 $0
2018 $87,167 $5,332,396 $0 $0
2017 $87,227 $5,222,719 $0 $0
2016 $87,462 $5,115,298 $0 $0
2015 $90,466 $5,079,740 $0 $0
2014 $90,902 $5,039,425 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10597897

BeachesMLS

APN: 50-43-43-14-29-000-0070