NOT LISTED FOR SALE

250 Algoma Rd Palm Beach, FL 33480

Estimated Value: $4,901,000 - $9,404,000

6 Beds
5 Baths
4,703 Sq Ft
$1,690/Sq Ft Est. Value

Last Sold September 30, 2020

Last sale price $5,100,000 $1,084 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $51,004/month

162 Days on Market

Highlights

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

About This Home

As of September 2020

Magnificent escape to paradise in this delightful property located in the Estate Section. This 1938 Fazio Build truly defines the words ''charming'' &
''handsome'' .. so sophisticated while also giving you the ''WOW'' moment on nearly your every turn. With over an 18,000 sqft lot, 5583 total sqft, a guesthouse & detached 2 car garage - you have all the space you need to make yourself right at home. Lush tropical landscaping, light & bright throughout w/ french doors and floor-to ceiling windows, chicago brick pavers & coral walkways - are just some of the familiar features you love to see on the Palm Beach Island. Just steps to your deeded beach access, one lot off the Intracoastal Waterway and in the focal point of South Florida's most prestigious real estate, makes this - A must see!

Last Agent to Sell the Property

Michael Korman

Korman Realty LLC License #3316647 Listed on: 01/21/2020

Last Buyer's Agent

james clarke

Illustrated Properties LLC License #SL-3257242

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $30,468

Year Built

  • Built in 1938

Lot Details

  • 0.42 Acre Lot
  • Waterfront
  • North Facing Home
  • Back Yard Fenced
  • Sprinkler System
  • Property is zoned RA

Parking

  • Detached Garage

Home Design

  • Traditional Architecture
  • Frame Construction

Interior Spaces

  • 4,703 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Fireplace
  • Window Treatments
  • Dining Room
  • Library
  • Storage
  • Fire and Smoke Detector

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Pool
  • Patio
  • Lanai

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 50434335000020340

Home Details

Home Type

Single Family

Est. Annual Taxes

$30,468

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.42
  • Lot Size: 135
  • Subdivision Name: N/A
  • Directions: S OCEAN BLVD TO ALGOMA, MAKE A LEFT - HOME IS ON THE LEFT HAND SIDE.
  • Architectural Style: Traditional, Two Story
  • Garage Yn: Yes
  • Year Built: 1938
  • Location Tax Legal:Zoned: RA
  • Location Tax Legal:Homestead Exempt: Yes
  • Location Tax Legal:Taxes2: 30468.0
  • Location Tax Legal:Tax Year2: 2019
  • General Property Description:Living Area: 4703.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: No
  • Pool:Pool3: Yes
  • Floors:Tile: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • General Property Description:Lot Dim (1): 135
  • Floors:Hardwood: Yes
  • Floors:Marble: Yes
  • WaterSewer:Sewer: Yes
  • Style:Two Story: Yes
  • Pets:Pets Allowed: Yes
  • General Property Description:Lot SqFt: 18295
  • WaterSewer:City Water: Yes
  • HOA:None: Yes
  • Exposure:North: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Refrigerator, Range-Electric, Microwave, Washer, Dryer
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Flooring: Hardwood, Marble, Tile
  • Interior Amenities: Ceiling Fan, Fireplace, Smoke Detectors, Storage, Wndw Trmnts Included, Pantry
  • Living Area: 4703.0
  • Window Features: Other
  • Interior Features:Storage: Yes
  • Interior Features:Wndw Trmnts Included: Yes
  • Other Rooms:Dining Room: Yes
  • Other Rooms:Pantry: Yes
  • Other Rooms:LibraryDen: Yes
  • Appliances Dishwasher: Yes
  • Interior Features:Smoke Detectors: Yes
  • Appliances:Range - Electric: Yes
  • Interior Features:Ceiling Fan: Yes
  • Interior Features:Fireplace: Yes
  • Other Rooms:Dining Area: Yes

Exterior Features

  • Lot Features: 1/4 A - 21,779 SF, Other (See Remarks)
  • Pool Features: Pool
  • Pool Private: Yes
  • Waterfront Features: No - Waterfront
  • Waterfront: Yes
  • Construction Type: Frame
  • Exterior Features: Patio/Lanai, Fence-Back Wall, Sprinkler System
  • Roof: Other
  • Exterior Features:Sprinkler System: Yes
  • Exterior Features:PatioLanai: Yes
  • Exterior Features:Fence - Back Wall: Yes
  • Construction:Frame: Yes

Garage/Parking

  • Parking Features: Detached
  • Garage Detached: Yes

Utilities

  • Heating: Central Air, Central Heat
  • Heating Yn: Yes

Lot Info

  • Land Lease Amount Frequency: No
  • Lot Size Sq Ft: 18295.0
  • Parcel #: 50434335000020340
  • Zoning: RA
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 30468.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2020
Closed on
Sep 30, 2020
Sold by
Saraga Robert S and Estate Of Ronald Burton Mandel
Bought by
Wetherill Cortright and Wetherill Janice
Seller's Agent
Michael Korman
Korman Realty LLC
Buyer's Agent
james clarke
Illustrated Properties LLC
List Price
$5,100,000
Sold Price
$5,100,000
Current Estimated Value
$7,947,972

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,847,972
Avg. Annual Appreciation
9.81%

Purchase Details

Closed on
Mar 9, 1998
Sold by
Meersman Joseph P
Bought by
Mandell Ronald B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
6.95%
Mortgage Type
New Conventional
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
Wetherill Cortright $5,100,000 Attorney
Mandell Ronald B $1,300,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mandell Ronald B $650,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2020 09/30/20 Sold $5,100,000 0.0% $1,084 / Sq Ft
07/01/2020 07/01/20 Pending -- -- --
01/21/2020 01/21/20 For Sale $5,100,000 -- $1,084 / 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 $108,371 $6,275,663 -- --
2023 $97,133 $5,705,148 $0 $0
2022 $93,175 $5,186,498 $0 $0
2021 $78,113 $4,714,998 $3,850,000 $864,998
2020 $83,380 $4,959,092 $3,780,000 $1,179,092
2019 $30,583 $1,760,769 $0 $0
2018 $29,108 $1,727,938 $0 $0
2017 $29,093 $1,692,398 $0 $0
2016 $28,167 $1,657,589 $0 $0
2015 $29,121 $1,646,067 $0 $0
2014 $29,265 $1,633,003 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    Michael Korman

    Korman Realty LLC

    Section Image

  • j

    Buyer's Agent in 2020

    james clarke

    Illustrated Properties LLC

    (561) 313-6594

    11 Total Sales

    james clarke
    Section Image
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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 20-171

APN: 50-43-43-35-00-002-0340

Florida Palm Beach County Palm Beach 33480

250 Algoma Rd, Palm Beach, FL

This home is located at 250 Algoma Rd, Palm Beach, FL 33480 since 21 January 2020 and is currently estimated at $7,947,972, approximately $1,689 per square foot. This property was built in 1938. 250 Algoma Rd is a home located in Palm Beach County with nearby schools including Palm Beach Public School, Conniston Middle School, and Forest Hill Community High School.

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