NOT LISTED FOR SALE

242 Colonial Ln Palm Beach, FL 33480

North End Neighborhood

Estimated Value: $4,699,533 - $5,534,000

3 Beds
3 Baths
2,300 Sq Ft
$2,250/Sq Ft Est. Value

Last Sold June 30, 2016

Last sale price $2,152,585 $936 Per Sq Ft

Est. 140% increase in value since last sale

Current estimated payment $30,042/month

23 Days on Market

Highlights

  • Property has ocean access
  • Home Theater
  • Waterfront
  • Palm Beach Public School Rated A-
  • Gas Heated Pool
  • Traditional Architecture

About This Home

As of June 2016

Beautifully renovated 3 bedroom, 3 bath cottage on a quiet street. Living room has vaulted beamed ceilings, fireplace, hardwood floors and opens to a sunny beamed ceiling loggia. The kitchen has a farmer's sink, Subzero and Viking appliances. Enjoy the new patio, pool and tropical landscaping in the back yard.
Deeded beach access.

Last Agent to Sell the Property

ANDREW REYNOLDS

The Corcoran Group License #608186 Listed on: 05/03/2016

Last Buyer's Agent

GRACE BROWN

MCCANN COYNER CLARKE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,587

Year Built

  • Built in 1945

Lot Details

  • 6,098 Sq Ft Lot
  • Waterfront
  • Home has sun exposure from multiple directions
  • Back Yard Fenced
  • Sprinkler System

Home Design

  • Traditional Architecture
  • Bermuda Architecture
  • Asphalt Shingled Roof
  • Asphalt Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,300 Sq Ft Home
  • 1-Story Property
  • Fireplace
  • Single Hung Windows
  • Dining Area
  • Home Theater
  • Library

Kitchen

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

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Hurricane or Storm Shutters
  • Partial Impact Glass
  • Fire and Smoke Detector

Parking

  • 1 Car Garage
  • Garage Door Opener

Pool

  • Gas Heated Pool
  • Outdoor Pool

Outdoor Features

  • Property has ocean access
  • 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 50434303110000471

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,587

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.14
  • Lot Size: 82
  • Subdivision Name: El Encanto
  • Architectural Style: Bermuda, Traditional, One Story
  • Garage Yn: Yes
  • Year Built: 1945
  • Location Tax Legal:Zoned: SFR
  • Location Tax Legal:Homestead Exempt: No
  • Location Tax Legal:Taxes2: 12587.21
  • Location Tax Legal:Tax Year2: 2015
  • General Property Description:Living Area: 2300.0
  • 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): 82
  • Pool:Heated - Gas: Yes
  • Floors:Hardwood: Yes
  • Floors:WW Carpeting: Yes
  • WaterSewer:Sewer: Yes
  • Style:Bermuda: Yes
  • General Property Description:Lot SqFt: 6098
  • Roof:Asphalt Shingle: Yes
  • WaterSewer:City Water: Yes
  • HOA:None: Yes
  • Exposure:North: Yes
  • Exposure:South: Yes
  • Style:One Story: Yes
  • Windows:Single Hung: Yes
  • Windows:Impact Glass-Partial: Yes
  • Exposure:East: Yes
  • Auto Garage Door Opener: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Freezer, Ice Maker, Range-Gas, Oven-Single, Washer, Dryer
  • Total Bedrooms: 3
  • Flooring: Hardwood, W/W Carpeting
  • Interior Amenities: Cable, Fireplace, Smoke Detectors, Pantry
  • Living Area: 2300.0
  • Window Features: Single Hung, Impact Glass-Partial, Other
  • Other Rooms:Pantry: Yes
  • Other Rooms:LibraryDen: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Freezer: Yes
  • Appliances:Ice Maker: Yes
  • Interior Features:Cable: Yes
  • Interior Features:Smoke Detectors: Yes
  • Interior Features:Fireplace: Yes
  • Other Rooms:Dining Area: Yes
  • Appliances:Oven-Single: Yes
  • Appliances:Range-Gas: Yes
  • Other Rooms:Media Room: Yes

Exterior Features

  • Lot Features: Up To 10,889 SF
  • Pool Features: Pool, Heated - Gas
  • Pool Private: Yes
  • Waterfront Features: No - Waterfront
  • Waterfront: Yes
  • Construction Type: Cement Block/Stucco
  • Exterior Features: Patio/Lanai, Fence-Back Wall, Ocean Access-Deeded, Storm Shutters, Sprinkler System
  • Roof: Asphalt
  • Exterior Features:Sprinkler System: Yes
  • Construction:Cement BlockStucco: Yes
  • Exterior Features:PatioLanai: Yes
  • Exterior Features:Fence - Back Wall: Yes
  • Exterior Features:Ocean Access-Deeded: Yes
  • Exterior Features:Storm Shutters: Yes

Garage/Parking

  • Parking Features: 1 Car, Door Opener
  • Garage:_one_ Car: Yes

Utilities

  • Security: No Security
  • Heating: Central Air, Central Heat
  • Heating Yn: Yes

Lot Info

  • Land Lease Amount Frequency: No
  • Lot Size Sq Ft: 6098.0
  • Parcel #: 50434303110000471
  • Zoning: SFR
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 12587.21
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2016
Closed on
Jun 29, 2016
Sold by
Reynolds Rochelle E and Reynolds Dandrew J
Bought by
Lieb Joseph
Seller's Agent
ANDREW REYNOLDS
The Corcoran Group
Buyer's Agent
GRACE BROWN
MCCANN COYNER CLARKE
List Price
$2,152,585
Sold Price
$2,152,585
Current Estimated Value
$5,175,633

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,023,048
Avg. Annual Appreciation
10.37%

Purchase Details

Closed on
Dec 28, 2011
Sold by
Reynco Inc
Bought by
Reynolds Rochelle E

Purchase Details

Closed on
Mar 17, 2005
Sold by
Fassinger Richard C
Bought by
Reynco Inc

Purchase Details

Closed on
Mar 29, 1994
Sold by
Coffin Mary K
Bought by
Fassinger Richard C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,150
Interest Rate
7.1%
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
Lieb Joseph $2,152,585 None Available
Reynolds Rochelle E $950,000 Southeast Guaranty & Title I
Reynco Inc $1,000,000 Southeast Guaranty & Title I
Fassinger Richard C $295,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fassinger Richard C $213,317
Previous Owner Fassinger Richard C $254,382
Previous Owner Fassinger Richard C $203,150
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2016 06/30/16 Sold $2,152,585 0.0% $936 / Sq Ft
05/26/2016 05/26/16 Pending -- -- --
05/03/2016 05/03/16 For Sale $2,152,585 -- $936 / 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 $22,099 $1,462,088 -- --
2023 $21,590 $1,419,503 $0 $0
2022 $21,607 $1,378,158 $0 $0
2021 $22,001 $1,338,017 $0 $0
2020 $22,031 $1,319,543 $1,266,788 $52,755
2019 $22,350 $1,311,774 $1,151,625 $160,149
2018 $21,281 $1,289,069 $1,151,625 $137,444
2017 $22,683 $1,347,284 $1,209,840 $137,444
2016 $12,176 $737,763 $0 $0
2015 $12,587 $732,635 $0 $0
2014 $12,646 $726,820 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2016

    ANDREW REYNOLDS

    The Corcoran Group

  • G

    Buyer's Agent in 2016

    GRACE BROWN

    MCCANN COYNER CLARKE

See All Agents

Map

Source: Palm Beach Board of REALTORS®

MLS Number: 16-1073

APN: 50-43-43-03-11-000-0471

Florida Palm Beach County Palm Beach 33480 North End

242 Colonial Ln, Palm Beach, FL

This home is located at 242 Colonial Ln, Palm Beach, FL 33480 since 03 May 2016 and is currently estimated at $5,175,633, approximately $2,250 per square foot. This property was built in 1945. 242 Colonial Ln 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.

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