NOT LISTED FOR SALE

Estimated Value: $6,757,000 - $8,426,000

4 Beds
5 Baths
3,393 Sq Ft
$2,220/Sq Ft Est. Value

Last Sold November 26, 2013

Last sale price $2,475,000 $729 Per Sq Ft

Est. 204% increase in value since last sale

Current estimated payment $44,596/month

Highlights

  • Outdoor Pool
  • Marble Flooring
  • Lanai
  • Palm Beach Public School Rated A-
  • Traditional Architecture
  • Balcony

About This Home

As of December 2019

Available Immediately! This Queens Lane property is a two story Monterey style home available immediately for and annual furnished lease. The house was built in 2006 and has 4 bedrooms and 4 bathrooms upstairs. There is a beautiful state-of-the-art gourmet kitchen with a separate dining room and living room. All windows are impact and the house is very clean and in excellent condition-stained oak floors.A

Last Agent to Rent the Property

Christine Gibbons

Sotheby's International Realty, Inc. License #682260 Listed on: 11/20/2019

Sotheby's International Realty, Inc.

Last Renter's Agent

BETSY FRY

THE FITE GROUP

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2006

Lot Details

  • South Facing Home
  • Back Yard Fenced
  • Sprinkler System

Parking

  • 2 Car Garage

Home Design

  • Traditional Architecture

Interior Spaces

  • 3,393 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Fireplace
  • Family Room
  • Living Room
  • Dining Room

Kitchen

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

Flooring

  • Wood
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 5 Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Outdoor Features

  • Outdoor Pool
  • Balcony
  • Patio
  • Lanai

Utilities

  • Forced Air Zoned Heating and Cooling System
  • No Utilities
  • Cable TV Available

Listing and Financial Details

  • Security Deposit $15,000
  • 12 Month Lease Term
  • Seasonal Lease Term
  • Assessor Parcel Number 50434303120000210

Community Details

Overview

  • Front Yard Maintenance
  • Palm Beach Shores Subdivision
  • On-Site Maintenance

Amenities

  • Laundry Facilities

Recreation

  • Community Pool
  • Pool Services

Home Details

Home Type

Single Family

Year Built

Built in 2006

Lot Details

0 Sq Ft Lot

Rental Info

  • Tenant Pays: Tenant Pays

Listing Details

  • Property Sub Type: Residential
  • Prop. Type: Residential Lease
  • Subdivision Name: Palm Beach Shores
  • Directions: North Lake Way to Queens
  • Architectural Style: Traditional
  • Building Name: N/A
  • Year Built: 2006
  • Location Tax Legal:Name of Building: N/A
  • General Property Description:Living Area: 3393.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: No
  • General Property Description:_pound_ Floors: 2.0
  • Exposure of Unit:South2: Yes
  • 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
  • Floors:Hardwood: Yes
  • Floors:Marble: Yes
  • Style:Two Story: Yes
  • Contract Information:Deposit Amount: 15000.0
  • Pets:Pets Allowed: Yes
  • Utilities Included:None Included: Yes
  • Lease Type:Annual: Yes
  • ACHeat:Multi Zone Air: Yes
  • ACHeat:Multi Zone Heat: Yes
  • Laundry:Laundry in Bldg: Yes
  • Services Included:Yard Services: Yes
  • Lease Type:Seasonal: Yes
  • Services Included:Pool Services: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Freezer, Range-Gas, Washer, Dryer
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Flooring: Hardwood, Marble, Tile
  • Interior Amenities: Fireplace, Wet Bar, Pantry
  • Living Area: 3393.0
  • Stories: 2
  • Other Rooms:Dining Room: Yes
  • Other Rooms:Eat-in Kitchen: Yes
  • Other Rooms:Pantry: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Freezer: Yes
  • Interior Features:Cable: Yes
  • Interior Features:Fireplace: Yes
  • Interior Features:Wet Bar: Yes
  • Interior Features:Smoke Alarms2: Yes
  • Appliances:Range-Gas: Yes

Exterior Features

  • Pool Features: Pool, Fresh Water
  • Pool Private: Yes
  • Waterfront Features: No - Waterfront
  • Waterfront: No
  • Exterior Features: Balcony, Fence-Back Wall, Sprinkler System
  • Patio And Porch Features: Patio/Lanai
  • Exterior Features:Balcony: Yes
  • Exterior Features:Sprinkler System: Yes
  • Exterior Features:PatioLanai: Yes
  • Exterior Features:Fence - Back Wall: Yes

Garage/Parking

  • Total Parking Spaces: 2.0
  • Parking:Garage2: Yes

Utilities

  • Laundry Features: Laundry in Bldg
  • Security: Smoke Alarms, Security System
  • Cooling: Multi Zone Air, Central Air
  • Cooling Y N: Yes
  • Heating: Central Heat, Multi Zone Heat
  • Heating Yn: Yes
  • Utilities: Cable Available

Condo/Co-op/Association

  • HOA Rent Includes: None
  • Amenities: Pool Services, Yard Services

Lot Info

  • Parcel #: 50434303120000210

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 12, 2021
Sold by
245 Queens Lane Llc
Bought by
Gregory M Pensabene Revocable Trust and Judith K Pensabene Revocable Trust
Current Estimated Value
$7,533,866

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Outstanding Balance
$2,649,867
Interest Rate
2.65%
Mortgage Type
New Conventional
Estimated Equity
$4,883,999

Purchase Details

Listed on
Sep 30, 2013
Closed on
Nov 22, 2013
Sold by
Leever Julie A
Bought by
245 Queens Lane Llc
Seller's Agent
Suzanne Trapani Frisbie
The Corcoran Group
Buyer's Agent
Christine Gibbons
Sotheby's Intl. Realty, Inc.
List Price
$2,495,000
Sold Price
$2,475,000
Premium/Discount to List
-$20,000
-0.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.46%
Original Mortgage
$1,608,750
Interest Rate
3.6%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 25, 2009
Sold by
Virtualbank
Bought by
Leever Julie Ann

Purchase Details

Closed on
Aug 31, 2009
Sold by
Macari Stephen J and Macari Lori S
Bought by
Virtualbank

Purchase Details

Closed on
Nov 4, 2004
Sold by
Friedman William S
Bought by
Macari Stephen J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 30, 2003
Sold by
Eps Corp
Bought by
Friedman William S

Purchase Details

Closed on
May 17, 2002
Sold by
Maass Harold G and Maass Nancy A
Bought by
Eps Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
7.12%
Source: Public Records
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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
Gregory M Pensabene Revocable Trust $4,300,000 None Listed On Document
245 Queens Lane Llc $2,475,000 Attorney
Leever Julie Ann $1,850,000 Attorney
Virtualbank -- Attorney
Macari Stephen J $1,000,000 --
Friedman William S $760,000 --
Eps Corp $612,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gregory M Pensabene Revocable Trust $3,000,000
Previous Owner 245 Queens Lane Llc $1,608,750
Previous Owner Macari Stephen J $1,500,000
Previous Owner Eps Corp $400,000
Closed Eps Corp $275,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/20/2019 11/20/19 Rented $181,250 0.0% --
11/20/2019 11/20/19 For Rent $181,250 +1294.2% --
07/20/2016 07/20/16 Rented $13,000 0.0% --
06/20/2016 06/20/16 Under Contract -- -- --
03/30/2016 03/30/16 For Rent $13,000 -91.7% --
04/24/2015 04/24/15 Rented $156,000 0.0% --
03/25/2015 03/25/15 Under Contract -- -- --
11/21/2014 11/21/14 For Rent $156,000 +1633.3% --
03/30/2014 03/30/14 Rented $9,000 -99.6% --
02/28/2014 02/28/14 Under Contract -- -- --
11/26/2013 11/26/13 Sold $2,475,000 0.0% $804 / Sq Ft View Prior Sale
11/26/2013 11/26/13 For Rent $9,000 0.0% --
10/27/2013 10/27/13 Pending -- -- --
09/30/2013 09/30/13 For Sale $2,495,000 -- $811 / Sq Ft
Source: Palm Beach Board of REALTORS®

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 $64,755 $4,456,231 -- --
2024 $64,755 $4,330,642 -- --
2023 $63,400 $4,204,507 $0 $0
2022 $63,504 $4,082,046 $0 $0
2021 $49,615 $3,000,489 $1,646,880 $1,353,609
2020 $50,961 $3,038,330 $1,530,320 $1,508,010
2019 $47,332 $2,755,515 $1,391,200 $1,364,315
2018 $42,536 $2,553,344 $1,391,200 $1,162,144
2017 $41,537 $2,439,345 $1,425,076 $1,014,269
2016 $41,813 $2,418,829 $0 $0
2015 $39,950 $2,198,935 $0 $0
2014 $36,449 $1,999,032 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 19-2285

APN: 50-43-43-03-12-000-0210

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