250 Algoma Rd Palm Beach, FL 33480
Estimated Value: $5,312,000 - $9,484,032
6
Beds
5
Baths
4,703
Sq Ft
$1,705/Sq Ft
Est. Value
Highlights
- Outdoor Pool
- Waterfront
- Traditional Architecture
- Palm Beach Public School Rated A-
- Marble Flooring
- Lanai
About This Home
As of September 2020Magnificent 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
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
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,918,677
Avg. Annual Appreciation
12.75%
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
Similar Homes in Palm Beach, FL
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| Closed | Wetherill Cortright | $2,100,000 | |
| Open | Wetherill Cortright | $6,840,000 | |
| Closed | Wetherill Cortright | $3,000,000 | |
| Previous Owner | Mandell Ronald B | $637,000 | |
| 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
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
-
james clarke
j
Buyer's Agent in 2020
james clarke
Illustrated Properties LLC
(561) 313-6594
11 Total Sales
Map
Source: Palm Beach Board of REALTORS®
MLS Number: 20-171
APN: 50-43-43-35-00-002-0340
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