NOT LISTED FOR SALE

244 Palmo Way Palm Beach, FL 33480

North End Neighborhood

Estimated Value: $8,854,000 - $15,184,361

6 Beds
5.5 Baths
5,283 Sq Ft
$2,154/Sq Ft Est. Value

Last Sold April 30, 2019

Last sale price $4,900,000 $928 Per Sq Ft

Est. 132% increase in value since last sale

Current estimated payment $68,274/month

333 Days on Market

Highlights

  • Concrete Pool
  • Garage Apartment
  • Marble Flooring
  • Palm Beach Public School Rated A-
  • Atrium Room
  • Breakfast Area or Nook

About This Home

As of April 2019

JAMAICAN STYLE PARADISE ON 20,000 SQ. FT. LOT , HOUSE HAS 6 BEDROOMS 5 BATHS ,LARGE MASTER SUITE WITH HUGE BALCONY OVERLOOKS LARGE BACK YARD WITH POOL AND SPA SURROUNDED BY MATURE PLANTS AND TREES. DINING ROOM ,LIVING ROOM AND LARGE FAMILY ROOM ALL HAVE FRENCH DOORS OPENING TO LARGE LANAI.

Last Agent to Sell the Property

Harold Paull, Jr.

Brown Harris Stevens of PB License #3259710 Listed on: 05/01/2018

Brown Harris Stevens of PB

Last Buyer's Agent

Dana Koch

The Corcoran Group License #3027862

The Corcoran Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $62,742

Year Built

  • Built in 1991

Lot Details

  • 0.46 Acre Lot
  • Fenced
  • Property is zoned R-B(ci

Parking

  • 2 Car Attached Garage
  • Garage Apartment
  • Garage Door Opener
  • Driveway

Home Design

  • Frame Construction
  • Shake Roof
  • Wood Roof

Interior Spaces

  • 5,283 Sq Ft Home
  • 2-Story Property
  • Bar
  • Decorative Fireplace
  • Single Hung Metal Windows
  • Sliding Windows
  • Wood Frame Window
  • French Doors
  • Entrance Foyer
  • Family Room
  • Formal Dining Room
  • Atrium Room
  • Sun or Florida Room

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Built-In Oven
  • Gas Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Closet Cabinetry
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry Room
  • Dryer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Outdoor Features

  • Concrete Pool
  • Balcony
  • Open Patio
  • Porch

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 50434303040000120

Community Details

Overview

  • Palm Beach Subdivision

Recreation

  • Community Pool
  • Community Spa

Home Details

Home Type

Single Family

Est. Annual Taxes

$62,742

Year Built

Built in 1991

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: North on North Ocean Blvd, take a left onto Palmo Way.
  • Year Built: 1991
  • Year Built Details: Resale
  • Special Features: None

Interior Features

  • Interior Amenities: Breakfast Area, Closet Cabinetry, Dining Area, Separate/Formal Dining Room, Entrance Foyer, Eat-in Kitchen, French Door(s)/Atrium Door(s), Fireplace, Kitchen/Dining Combo, Pantry, Separate Shower, Bar, Atrium
  • Furnished: Unfurnished
  • Spa Features: Community
  • Appliances: Built-In Oven, Dryer, Dishwasher, Electric Water Heater, Disposal, Gas Range, Ice Maker, Microwave, Refrigerator
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Door Features: French Doors
  • Fireplace Features: Decorative
  • Fireplace: Yes
  • Flooring: Marble, Wood
  • Living Area: 5283.0
  • Dining Room Type: Atrium, Family Room, Florida Room, Garage Apartment, Laundry, Storage Room
  • Stories: 2
  • Window Features: Single Hung, Sliding, Wood Frames

Exterior Features

  • Exterior Features: Balcony, Fence, Porch, Patio
  • Pool Features: Concrete, Pool, Association, Community
  • Pool Private: Yes
  • Waterfront: No
  • Construction Type: Frame
  • Other Structures: Garage Apartment
  • Patio And Porch Features: Balcony, Open, Patio, Porch
  • Property Condition: Resale
  • Roof: Shake, Wood

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Garage Yn: Yes
  • Parking Features: Attached, Driveway, Garage, Garage Door Opener

Utilities

  • Security: Security System, Smoke Detector(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Pool
  • Senior Community: No
  • Amenities: Pool, Spa/Hot Tub
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 50434303040000120
  • Lot Size: 100.0 ft x 0.0 ft
  • Lot Size Sq Ft: 20050.0
  • Zoning Description: R-B(ci
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 62742.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2018
Closed on
Apr 10, 2019
Sold by
The George F Merck Seven Year Qualified
Bought by
Emmer Curtis D
Seller's Agent
Harold Paull, Jr.
Brown Harris Stevens of PB
Buyer's Agent
Dana Koch
The Corcoran Group
List Price
$6,500,000
Sold Price
$4,900,000
Premium/Discount to List
-$1,600,000
-24.62%
Current Estimated Value
$11,381,120

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,481,120
Avg. Annual Appreciation
13.22%
Original Mortgage
$3,000,000
Outstanding Balance
$2,601,254
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$8,154,509

Purchase Details

Closed on
Oct 2, 2012
Sold by
Merck George F
Bought by
Merck Antony M
Source: Public Records

Range of Values:

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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
Emmer Curtis D $4,900,000 Attorney
Merck Antony M -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Emmer Curtis D $3,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2019 04/30/19 Sold $4,900,000 -24.6% $928 / Sq Ft
03/31/2019 03/31/19 Pending -- -- --
05/01/2018 05/01/18 For Sale $6,500,000 -- $1,230 / 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 $75,143 $4,995,634 -- --
2023 $73,546 $4,850,130 $0 $0
2022 $73,670 $4,708,864 $0 $0
2021 $74,971 $4,571,713 $0 $0
2020 $75,127 $4,508,593 $0 $0
2019 $80,241 $5,221,351 $3,338,325 $1,883,026
2018 $72,359 $5,037,230 $3,338,325 $1,698,905
2017 $62,742 $3,897,197 $2,839,523 $1,057,674
2016 $60,297 $3,214,943 $0 $0
2015 $56,902 $2,922,675 $0 $0
2014 $51,444 $2,656,977 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2019

    Harold Paull, Jr.

    Brown Harris Stevens of PB

    (561) 312-5755

    2 Total Sales

    Harold Paull, Jr.
    Section Image
  • Dana Koch

    Buyer's Agent in 2019

    Dana Koch

    The Corcoran Group

    (561) 379-7718

    69 in this area

    227 Total Sales

    Dana Koch
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10427791

BeachesMLS

APN: 50-43-43-03-04-000-0120

Florida Palm Beach County Palm Beach 33480 North End

244 Palmo Way, Palm Beach, FL

This home is located at 244 Palmo Way, Palm Beach, FL 33480 since 01 May 2018 and is currently estimated at $11,381,120, approximately $2,154 per square foot. This property was built in 1991. 244 Palmo Way 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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