NOT LISTED FOR SALE

Estimated Value: $2,486,000 - $2,857,410

2 Beds
2 Baths
1,220 Sq Ft
$2,180/Sq Ft Est. Value

Last Sold March 18, 2013

Last sale price $625,000 $512 Per Sq Ft

Est. 325% increase in value since last sale

Current estimated payment $16,140/month

13 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 2013

Sophisticated, renovated and glamorous 2/2 on sunny south side with water views from balcony. 2 pets allowed. Leasing permitted. Stunning plantation shutters, marble floors and granite kitchen are some of the touches that make this condo special. Renovated, full service building with 24 hr doorman ,heated pool and available dockage.

Last Agent to Sell the Property

MARYANN CHOPP

The Corcoran Group Listed on: 08/28/2012

Last Buyer's Agent

Christine Franks

Sotheby's International Realty, Inc. License #350305

Property Details

Home Type

  • Condo-Op

Est. Annual Taxes

  • $10,327

Year Built

  • Built in 1963

Lot Details

  • South Facing Home

HOA Fees

  • $976 Monthly HOA Fees

Interior Spaces

  • 1,220 Sq Ft Home
  • Ceiling Fan
  • Dining Area
  • Storage

Kitchen

  • Single Oven
  • Electric Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Marble
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Home Security

  • Home Security System
  • Hurricane or Storm Shutters
  • 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 50434315350004100

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

$10,327

Year Built

Built in 1963

Lot Details

0

HOA Fees

$976 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Condo/Co-Op
  • Directions: 95 to Okeechobee Blvd East to Palm Beach, first left after bridge, proceed about 2 miles to 250 Bradley. Guest parking in front of building.
  • Building Name: Lake Towers
  • Year Built: 1963
  • Location Tax Legal:Name of Building: Lake Towers
  • Location Tax Legal:Zoned: R-C - Medium Density Residential
  • Location Tax Legal:Homestead Exempt: No
  • Location Tax Legal:Taxes2: 10327.02
  • Location Tax Legal:Tax Year2: 2011
  • General Property Description:Living Area: 1220.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: Yes
  • General Property Description:Maintenance Amount: 976.1
  • General Property Description:Per: Month
  • General Property Description:_pound_ Units in Complex: 60
  • General Property Description:_pound_ Floors: 7.0
  • Waterfront-Building:ICW-Across Street: Yes
  • Waterfront-Unit:Living Room View: Yes
  • Exposure of Unit:South2: Yes
  • Pool:Pool3: Yes
  • Floors:Tile: 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:Marble: 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:ICW-Across Street2: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Freezer, Oven-Single, Microwave, Range - Electric
  • Total Bedrooms: 2
  • Flooring: Marble, Tile
  • Interior Amenities: Cable, Ceiling Fan, Storage, Wndw Trmnts Included, Smoke Alarms
  • Living Area: 1220.0
  • Stories: 7
  • Interior Features:Smoke Alarms: Yes
  • Interior Features:Storage: Yes
  • Interior Features:Wndw Trmnts Included: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Freezer: Yes
  • Interior Features:Cable: Yes
  • Appliances:Range - Electric: Yes
  • Interior Features:Ceiling Fan: 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, Storm Shutters, Elevator, Lobby, Ocean Acc-Not Deeded
  • Exterior Features:Balcony: Yes
  • Exterior Features:Elevator2: Yes
  • Exterior Features:Lobby: Yes
  • Exterior Features:Storm Shutters: 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

  • Parcel #: 50434315350004100
  • Zoning: R-C - Medium Density

Multi Family

  • Number Of Units Total: 60
  • Maintenance Expense: 976.1

Tax Info

  • Tax Annual Amount: 10327.02
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2012
Closed on
Mar 18, 2013
Sold by
Zelinsky Carl S and Zelinsky Irene
Bought by
Spivak Willa and The Amended & Restated Willa Spivak Revo
Seller's Agent
MARYANN CHOPP
The Corcoran Group
Buyer's Agent
Christine Franks
Sotheby's International Realty, Inc.
List Price
$625,000
Sold Price
$625,000
Current Estimated Value
$2,659,103

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,034,103
Avg. Annual Appreciation
10.39%

Purchase Details

Closed on
Nov 15, 2005
Sold by
Firsten Diane
Bought by
Zelinsky Carl S and Zelinsky Irene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
5.75%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 31, 2003
Sold by
Chernov Nathan T and Chernov Susan Joy
Bought by
Firsten Diane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$393,300
Interest Rate
5.68%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 14, 1998
Sold by
Pammer Otto and Pammer Eveline
Bought by
Chernov Nathan T and Chernov Susan J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,000
Interest Rate
6.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 11, 1997
Sold by
Pammer Otto
Bought by
Pammer Otto and Pammer Eveline
Source: Public Records

Range of Values:

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Average Value
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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
Spivak Willa $625,000 Attorney
Zelinsky Carl S $935,000 --
Firsten Diane $437,000 --
Chernov Nathan T $205,000 --
Pammer Otto $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Zelinsky Carl S $600,000
Previous Owner Firsten Diane $393,300
Previous Owner Pammer Otto $164,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/18/2013 03/18/13 Sold $625,000 0.0% $512 / Sq Ft
09/10/2012 09/10/12 Pending -- -- --
08/28/2012 08/28/12 For Sale $625,000 -- $512 / 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 $9,443 $672,209 -- --
2023 $9,236 $652,630 $0 $0
2022 $9,298 $633,621 $0 $0
2021 $9,430 $615,166 $0 $0
2020 $9,444 $606,673 $0 $0
2019 $9,416 $593,033 $0 $0
2018 $8,924 $581,975 $0 $0
2017 $9,266 $570,005 $0 $0
2016 $9,008 $558,281 $0 $0
2015 $9,312 $554,400 $0 $0
2014 $9,354 $550,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 12-1930

APN: 50-43-43-15-35-000-4100