G
Seller's Agent in 2016
GARY POHRER
K2 Realty, Inc.
242 Cherry Ln Palm Beach, FL 33480
North End NeighborhoodEstimated Value: $5,936,000 - $7,653,000
3
Beds
2
Baths
1,850
Sq Ft
$3,782/Sq Ft
Est. Value
Highlights
- Property has ocean access
- Built in 1955 | Newly Remodeled
- Vaulted Ceiling
- Palm Beach Public School Rated A-
- Heated Pool
- Marble Flooring
About This Home
As of May 2016Completely remodeled home located on a quiet street. Brand New kitchen, windows, bathrooms, A/C, Electric, Plumbing and Pool. Beach access just steps away! Perfect home for those looking for low maintenance. Home has great 8.5 Foot elevation as well. Will also entertain a trade. Open floor-plan, marble bathroom flooring and in kitchen. Clean, new and beautiful!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $22,943
Year Built
- Built in 1955 | Newly Remodeled
Lot Details
- North Facing Home
- Interior Lot
- Paved or Partially Paved Lot
- Sprinkler System
Parking
- 2 Car Attached Garage
- Garage Door Opener
- Driveway
Property Views
- Garden
- Pool
Home Design
- Frame Construction
- Tile Roof
- Concrete Roof
Interior Spaces
- 1,850 Sq Ft Home
- 1-Story Property
- Vaulted Ceiling
- Sliding Windows
- Dining Room
- Sun or Florida Room
Kitchen
- Eat-In Kitchen
- Gas Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Marble
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
- Dual Sinks
- Separate Shower in Primary Bathroom
Laundry
- Laundry in Garage
- Dryer
- Washer
- Laundry Tub
Pool
- Heated Pool
- Outdoor Shower
Outdoor Features
- Property has ocean access
- Patio
Schools
- Palm Beach Public Elementary School
Utilities
- Zoned Heating and Cooling
- Electric Water Heater
Community Details
- No Home Owners Association
- Cherry Lane Subdivision
Listing and Financial Details
- Assessor Parcel Number 50434310090000050
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 15, 2016
Closed on
May 6, 2016
Sold by
Pohrer Gary Brandon
Bought by
242 Cherry Lane Llc
List Price
$2,695,000
Sold Price
$2,350,000
Premium/Discount to List
-$345,000
-12.8%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,646,832
Avg. Annual Appreciation
11.92%
Original Mortgage
$1,550,000
Outstanding Balance
$1,222,563
Interest Rate
3.71%
Mortgage Type
New Conventional
Estimated Equity
$5,774,269
Purchase Details
Listed on
Jan 8, 2015
Closed on
Apr 9, 2015
Sold by
Central Mortgage Company
Bought by
Pohrer Gary Brandon
Seller's Agent
Nick Jackson
The Global Real Estate Group
Buyer's Agent
Nick Jackson
The Global Real Estate Group
List Price
$1,099,900
Sold Price
$1,249,000
Premium/Discount to List
$149,100
13.56%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
80.53%
Original Mortgage
$950,000
Interest Rate
3.89%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 22, 2014
Sold by
Smith Charles W and Smith Constance C
Bought by
Central Mortgage Company
Purchase Details
Closed on
Apr 26, 2005
Sold by
Curran Mortimer Finlay
Bought by
Smith Charles W
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$920,000
Interest Rate
5.87%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Jun 5, 2003
Sold by
Kauper G Gerard and Kauper Joanne E
Bought by
Curran Mortimer Finlay
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$815,000
Interest Rate
5.79%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 24, 2002
Sold by
Kauper Joanne E
Bought by
Kauper G Gerard and Kauper Joanne E
Purchase Details
Closed on
Jul 1, 1998
Sold by
Kauper G Gerard
Bought by
Kauper Joanne E
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 242 Cherry Lane Llc | $2,350,000 | Attorney | |
| Pohrer Gary Brandon | $1,249,000 | None Available | |
| Central Mortgage Company | $1,150,700 | None Available | |
| Smith Charles W | $1,150,000 | -- | |
| Curran Mortimer Finlay | $825,000 | -- | |
| Kauper G Gerard | $35,000 | -- | |
| Kauper Joanne E | $100 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 242 Cherry Lane Llc | $1,550,000 | |
| Previous Owner | Pohrer Gary Brandon | $950,000 | |
| Previous Owner | Smith Charles W | $920,000 | |
| Previous Owner | Curran Mortimer Finlay | $815,000 | |
| Previous Owner | Kauper Joanne E | $15,000 | |
| Previous Owner | Kauper Joanne E | $25,000 | |
| Previous Owner | Kauper Joanne E | $40,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/16/2016 05/16/16 | Sold | $2,350,000 | 0.0% | $1,270 / Sq Ft | |
| 05/06/2016 05/06/16 | Sold | $2,350,000 | -12.8% | $991 / Sq Ft | View Prior Sale |
| 04/16/2016 04/16/16 | Pending | -- | -- | -- | |
| 03/16/2016 03/16/16 | Pending | -- | -- | -- | |
| 02/15/2016 02/15/16 | For Sale | $2,695,000 | +14.7% | $1,457 / Sq Ft | |
| 11/23/2015 11/23/15 | For Sale | $2,350,000 | +88.2% | $991 / Sq Ft | |
| 04/10/2015 04/10/15 | Sold | $1,249,000 | +13.6% | $701 / Sq Ft | View Prior Sale |
| 03/11/2015 03/11/15 | Pending | -- | -- | -- | |
| 01/08/2015 01/08/15 | For Sale | $1,099,900 | -- | $617 / Sq Ft |
Source: BeachesMLS (Greater Fort Lauderdale)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2025 | $65,509 | $3,455,091 | -- | -- |
| 2024 | $65,509 | $3,140,992 | -- | -- |
| 2023 | $62,309 | $2,855,447 | $0 | $0 |
| 2022 | $53,341 | $2,595,861 | $0 | $0 |
| 2021 | $40,199 | $2,611,762 | $2,230,000 | $381,762 |
| 2020 | $33,359 | $2,012,036 | $1,972,500 | $39,536 |
| 2019 | $32,794 | $1,936,504 | $1,800,000 | $136,504 |
| 2018 | $30,143 | $1,838,886 | $1,751,494 | $87,392 |
| 2017 | $31,959 | $1,908,330 | $1,903,798 | $4,532 |
| 2016 | $30,585 | $1,768,293 | $0 | $0 |
| 2015 | $26,566 | $1,473,410 | $0 | $0 |
| 2014 | -- | $1,128,364 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
-
Nick Jackson
Seller's Agent in 2015
Nick Jackson
The Global Real Estate Group
(561) 248-6090
32 Total Sales
Map
Source: BeachesMLS (Greater Fort Lauderdale)
MLS Number: R10208169
APN: 50-43-43-10-09-000-0050
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