$460,000
SOLD MAY 7, 2014
1 Bed
1 Bath
871 Sq Ft
$666/mo HOA Fee

Recently Sold

$528 Per Sq Ft

58 Days on Market

Highlights

  • Doorman
  • Lake Front
  • Docks
  • Palm Beach Public School Rated A-
  • Property has ocean access
  • Gas Heated Pool

About This Home

As of March 2017

Chic one bedroom/one bath pied a terre in wonderful lakefront building that allows 2 pets & leasing. Large eat-in kitchen, SubZero, absolute granite, sunny window, nice south eastern exposure, huge wrap balcony,plantation shutters. Lake Towers is convenient to everything, Publix, beach, Lake trail, dining and has 24 hr doorman, full time mgr, pool, laundry.Boat dockage available separately

Last Agent to Sell the Property

MARYANN CHOPP

The Corcoran Group Listed on: 02/10/2014

Last Buyer's Agent

pbb.rets.frisst

pbb.rets.RETS_OFFICE

Property Details

Home Type

  • Condo-Op

Est. Annual Taxes

  • $4,377

Year Built

  • Built in 1963

Lot Details

  • Southeast Facing Home

HOA Fees

  • $666 Monthly HOA Fees

Interior Spaces

  • 871 Sq Ft Home
  • Window Treatments
  • Dining Area
  • Storage
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Single Oven
  • Electric Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Home Security

  • Home Security System
  • Fire and Smoke Detector

Parking

  • 1 Parking Space
  • Open Parking

Eco-Friendly Details

  • Non-Toxic Pest Control

Pool

  • Gas Heated Pool
  • Outdoor Pool

Outdoor Features

  • Property has ocean access
  • Docks

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 50434315350002020

Community Details

Overview

  • Association fees include insurance, cable TV, common area, maintenance exterior, trash, pest control, sewer, water
  • 60 Units
  • Lake Towers Community
  • On-Site Maintenance
  • 7-Story Property

Amenities

  • Doorman
  • Common Area
  • Laundry Facilities
  • Elevator

Recreation

  • Bike Trail

Pet Policy

  • Pet Restriction
  • Small pets allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condo-Op

Est. Annual Taxes

$4,377

Year Built

Built in 1963

Lot Details

0

HOA Fees

$666 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Condo/Co-Op
  • Directions: 95 to Okeechobee Blvd east to Palm Beach Island. First left after bridge. About 1.25 miles. Lake Tower on left.
  • Building Name: Lake Towers
  • Year Built: 1963
  • Location Tax Legal:Name of Building: Lake Towers
  • Location Tax Legal:Zoned: R-D(1) - Moderate Density Residential
  • Location Tax Legal:Homestead Exempt: No
  • Location Tax Legal:Taxes2: 4376.91
  • Location Tax Legal:Tax Year2: 2013
  • General Property Description:Living Area: 871.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: Yes
  • General Property Description:Maintenance Amount: 665.66
  • General Property Description:Per: Month
  • General Property Description:_pound_ Units in Complex: 60
  • General Property Description:_pound_ Floors: 7.0
  • Exposure of Unit:East2: Yes
  • Exposure of Unit:South2: Yes
  • Pool:Pool3: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Appliances Microwave: Yes
  • Security:Security System: Yes
  • Security:Door Person: Yes
  • Services Included:Full Time Manager: Yes
  • Maintenance Includes:Common Area: Yes
  • Maintenance Includes:Exterior Bldg: Yes
  • Maintenance Includes:Garbage Pickup: Yes
  • Maintenance Includes:Pest Control: Yes
  • Maintenance Includes:Sewer2: Yes
  • Maintenance Includes:Water2: Yes
  • Pool:Heated - Gas: Yes
  • Floors:Hardwood: Yes
  • Laundry:Laundry in Building: Yes
  • Pets:Pets Allowed: Yes
  • Lease Restrictions Pets W Restrictions: Yes
  • Pets:Pet Type: Both
  • Maintenance Includes:Cable TV: Yes
  • Waterfront-Building:Lakefront2: Yes
  • Waterfront-Unit:ICW-Across Bike Path2: Yes
  • Pets:Weight Restrictions: 25 lbs or Under
  • Dock:Dock Space Available: Yes
  • Waterfront-Building:ICW-Across Bike Path: Yes
  • Waterfront-Unit:Lakefront3: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Freezer, Oven-Single, Microwave, Range - Electric
  • Total Bedrooms: 1
  • Flooring: Hardwood
  • Interior Amenities: Cable, Storage, Wndw Trmnts Included, Smoke Alarms
  • Living Area: 871.0
  • Stories: 7
  • Interior Features:Smoke Alarms: Yes
  • Interior Features:Storage: Yes
  • Interior Features:Wndw Trmnts Included: Yes
  • Other Rooms:Eat-in Kitchen: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Freezer: Yes
  • Interior Features:Cable: Yes
  • Appliances:Range - Electric: Yes
  • Other Rooms:Dining Area: Yes
  • Appliances:Oven-Single: Yes

Exterior Features

  • Pool Features: Pool, Heated Gas
  • Pool Private: Yes
  • Waterfront Features: Lake Front
  • Waterfront: Yes
  • Exterior Features: Balcony, Elevator, Lobby, Ocean Acc-Not Deeded
  • Exterior Features:Balcony: Yes
  • Exterior Features:Elevator2: Yes
  • Exterior Features:Lobby: Yes
  • Exterior Features:Ocean Acc-Not Deeded: Yes

Garage/Parking

  • Parking:_one_ Car2: Yes
  • Parking:Open Parking: Yes

Utilities

  • Laundry Features: Laundry in Building
  • Security: Security System, Door Person
  • Heating: Central Air, Central Heat
  • Heating Yn: Yes

Condo/Co-op/Association

  • Amenities: Full Time Manager
  • Association: Yes

Association/Amenities

  • Restrictions:Condo Association: Yes

Fee Information

  • Association Fee Includes: Insurance, Cable TV, Common Area, Maintenance Exterior, Trash, Pest Control, Sewer, Water

Lot Info

  • Development Status: Land Owned
  • Parcel #: 50434315350002020
  • Zoning: R-D(1) - Moderate

Multi Family

  • Number Of Units Total: 60
  • Maintenance Expense: 665.66

Tax Info

  • Tax Annual Amount: 4376.91
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 9, 2019
Sold by
Smith Derek
Bought by
Smith Derek A and Derek A Smith Trust Of 2019
Current Estimated Value
$1,436,034

Purchase Details

Listed on
Aug 29, 2016
Closed on
Mar 24, 2017
Sold by
Fitzmaurice Sandra
Bought by
Smith Derek
Seller's Agent
SUZANNE FRISBIE
The Corcoran Group
Buyer's Agent
MADELEINE CALDER
MARTHA A. GOTTFRIED, INC. 0200
List Price
$530,000
Sold Price
$530,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.58%
Original Mortgage
$371,000
Outstanding Balance
$311,869
Interest Rate
4.15%
Mortgage Type
New Conventional
Estimated Equity
$1,133,824

Purchase Details

Listed on
Feb 10, 2014
Closed on
May 1, 2014
Sold by
Sands Rick
Bought by
Fitzmaurice Sandra and Sandra Fitzmaurice Trust
Seller's Agent
MARYANN CHOPP
The Corcoran Group
Buyer's Agent
pbb.rets.frisst
pbb.rets.RETS_OFFICE
List Price
$460,000
Sold Price
$460,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.04%

Purchase Details

Closed on
Jul 7, 2006
Sold by
Sands Rick and Galatas Ruth A
Bought by
Sands Rick and Rick Sands Revocable Living Trust

Purchase Details

Closed on
Aug 15, 2001
Sold by
Marlena M Buswell I
Bought by
Sands Rick and Sands Ruth A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
7.19%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Attorney
Warranty Deed $530,000 Trident Title
Warranty Deed $460,000 Attorney
Interfamily Deed Transfer -- Attorney
Warranty Deed $245,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $371,000 New Conventional
Previous Owner $150,000 Credit Line Revolving
Previous Owner $167,855 Unknown
Previous Owner $196,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2023 08/14/23 Rented $8,500 0.0% --
04/12/2023 04/12/23 Price Changed $8,500 -10.5% $10 / Sq Ft
02/06/2023 02/06/23 For Rent $9,500 +28.4% --
12/20/2021 12/20/21 Rented $7,400 +34.5% --
11/20/2021 11/20/21 Under Contract -- -- --
02/16/2021 02/16/21 For Rent $5,500 -32.7% --
12/01/2020 12/01/20 Rented $8,167 -16.7% --
11/01/2020 11/01/20 Under Contract -- -- --
07/17/2020 07/17/20 For Rent $9,800 +3.2% --
12/26/2019 12/26/19 Rented $9,500 0.0% --
11/26/2019 11/26/19 Under Contract -- -- --
11/12/2019 11/12/19 For Rent $9,500 0.0% --
03/24/2017 03/24/17 Sold $530,000 0.0% $608 / Sq Ft
02/21/2017 02/21/17 Pending -- -- --
08/29/2016 08/29/16 For Sale $530,000 +15.2% $608 / Sq Ft
05/07/2014 05/07/14 Sold $460,000 0.0% $528 / Sq Ft
04/09/2014 04/09/14 Pending -- -- --
02/10/2014 02/10/14 For Sale $460,000 -- $528 / 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 $13,518 $718,740 -- --
2023 $13,442 $653,400 $0 $0
2022 $9,893 $594,000 $0 $0
2021 $8,858 $540,000 $0 $540,000
2020 $8,754 $525,000 $0 $525,000
2019 $5,054 $333,575 $0 $0
2018 $4,782 $327,355 $0 $0
2017 $7,606 $430,000 $0 $0
2016 $7,316 $412,500 $0 $0
2015 $6,815 $375,000 $0 $0
2014 $5,129 $260,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 14-326

APN: 50-43-43-15-35-000-2020