$615,000
SOLD NOV 5, 2018
1 Bed
1 Bath
840 Sq Ft
$797/mo HOA Fee

Recently Sold

$732 Per Sq Ft

119 Days on Market

Highlights

  • Doorman
  • Docks
  • Outdoor Pool
  • Palm Beach Public School Rated A-
  • Property fronts an intracoastal waterway
  • Balcony

About This Home

As of November 2018

Lake Towers is a small boutique building directly on the lake. This south facing jewel has been beautifully and completely renovated. Fabulous sunsets and views of The Breakers from your balcony. Walk to Publix or newly restored Royal Poinciana Plaza. Ocean access on Atlantic. Large storage bin, bike room, assigned parking. Possible dock space upon availability. Heated pool, with lounge area directly on the Intracoastal. 24 hour doorman, pet friendly. Great rental potential. This condo is meticulous and move-in ready!

Last Agent to Sell the Property

LESLIE DASHIELL

The Corcoran Group License #SL-3311588 Listed on: 04/20/2018

The Corcoran Group

Last Buyer's Agent

Dragana Connaughton

Sotheby's International Realty, Inc. License #454712

Sotheby's International Realty, Inc.

Property Details

Home Type

  • Condo-Op

Est. Annual Taxes

  • $7,800

Year Built

  • Built in 1963

Lot Details

  • South Facing Home

HOA Fees

  • $797 Monthly HOA Fees

Parking

  • 1 Parking Space

Interior Spaces

  • 840 Sq Ft Home
  • Tile Flooring

Kitchen

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

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Eco-Friendly Details

  • Non-Toxic Pest Control

Outdoor Features

  • Outdoor Pool
  • Docks

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 50434315350005010

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

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condo-Op

Est. Annual Taxes

$7,800

Year Built

Built in 1963

Lot Details

0

HOA Fees

$797 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Condo/Co-Op
  • Building Name: Lake Towers
  • Year Built: 1963
  • Location Tax Legal:Name of Building: Lake Towers
  • Location Tax Legal:Zoned: RD-1
  • Location Tax Legal:Homestead Exempt: No
  • Location Tax Legal:Taxes2: 7800.0
  • Location Tax Legal:Tax Year2: 2017
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: Yes
  • General Property Description:Maintenance Amount: 796.67
  • General Property Description:Per: Month
  • General Property Description:_pound_ Units in Complex: 60
  • General Property Description:_pound_ Floors: 7.0
  • 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: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
  • Laundry:Laundry in Building: Yes
  • Lease Restrictions Pets W Restrictions: Yes
  • Maintenance Includes:Cable TV: Yes
  • Waterfront-Unit:Intracoastal-Direct3: Yes
  • Dock:Dock Space Available: Yes
  • Waterfront-Building:ICW-Across Bike Path: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Oven-Single, Microwave, Range - Electric
  • Total Bedrooms: 1
  • Flooring: Tile
  • Stories: 7
  • Appliances Dishwasher: Yes
  • Appliances:Range - Electric: Yes
  • Appliances:Oven-Single: Yes

Exterior Features

  • Pool Features: Pool
  • Pool Private: Yes
  • Exterior Features: Balcony, Elevator, Lobby
  • Exterior Features:Balcony: Yes
  • Exterior Features:Elevator2: Yes
  • Exterior Features:Lobby: Yes

Garage/Parking

  • Parking:_one_ Car2: Yes

Utilities

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

Condo/Co-op/Association

  • Amenities: Full Time Manager
  • 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 #: 50434315350005010
  • Zoning: RD-1

Multi Family

  • Number Of Units Total: 60
  • Maintenance Expense: 796.67

Tax Info

  • Tax Annual Amount: 7800.0
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2018
Closed on
Sep 26, 2018
Sold by
Vought Diana and Vought Chance
Bought by
Bell Patrice
Seller's Agent
LESLIE DASHIELL
The Corcoran Group
Buyer's Agent
Dragana Connaughton
Sotheby's International Realty, Inc.
List Price
$615,000
Sold Price
$615,000
Total Days on Market
119
Current Estimated Value
$1,467,367

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$852,367
Avg. Annual Appreciation
14.11%

Purchase Details

Closed on
Mar 6, 2015
Sold by
Simmons Robert
Bought by
Vought Diana

Purchase Details

Closed on
Feb 13, 2014
Sold by
Vought Diana and Simmons Robert
Bought by
Vought Diana and Simmons Robert

Purchase Details

Closed on
Mar 18, 2011
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Vought Diana and Simmons Robert

Purchase Details

Closed on
Feb 15, 2011
Sold by
Citimortgage Inc
Bought by
Federal Home Loan Mortgage Corp

Purchase Details

Closed on
Jul 20, 2010
Sold by
Tochner Paul Michael and Tochner Lauren
Bought by
Abn Amro Mortgage Group Inc

Purchase Details

Closed on
Sep 19, 2003
Sold by
Dwyer Denis and Dwyer Earlene Judy
Bought by
Tochner Paul Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,250
Interest Rate
6.32%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 1, 2000
Sold by
Northrop & Johnson International Ya
Bought by
Dwyer Denis and Dwyer Earlene J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
8.24%
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
Warranty Deed $615,000 Attorney
Quit Claim Deed $200,000 None Available
Interfamily Deed Transfer -- Attorney
Special Warranty Deed $335,000 New House Title
Special Warranty Deed -- New House Title
Trustee Deed $208,700 None Available
Warranty Deed $335,000 --
Warranty Deed $225,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $250,000 Credit Line Revolving
Previous Owner $318,250 Purchase Money Mortgage
Previous Owner $160,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/17/2023 05/17/23 Rented $12,000 -80.0% --
05/17/2023 05/17/23 Rented $60,000 +380.0% --
05/03/2023 05/03/23 For Rent $12,500 0.0% --
03/14/2023 03/14/23 For Rent $12,500 0.0% --
11/05/2018 11/05/18 Sold $615,000 0.0% $732 / Sq Ft
08/17/2018 08/17/18 Pending -- -- --
04/20/2018 04/20/18 For Sale $615,000 -- $732 / 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 $7,369 $532,749 -- --
2023 $7,204 $517,232 $0 $0
2022 $7,262 $502,167 $0 $0
2021 $7,359 $487,541 $0 $0
2020 $7,368 $480,810 $0 $0
2019 $7,343 $470,000 $0 $470,000
2018 $6,863 $455,000 $0 $455,000
2017 $7,800 $455,000 $0 $0
2016 $7,297 $393,250 $0 $0
2015 $6,858 $357,500 $0 $0
2014 $5,997 $325,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 18-908

APN: 50-43-43-15-35-000-5010