NOT LISTED FOR SALE

Estimated Value: $1,967,000 - $2,717,000

2 Beds
2 Baths
1,220 Sq Ft
$1,962/Sq Ft Est. Value

Last Sold December 16, 2020

Last sale price $1,137,500 $932 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $15,940/month

50 Days on Market

Highlights

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

About This Home

As of December 2020

Beautiful and meticulously maintained two bedroom, two bath unit in a full service Palm Beach boutique building. Striking views of the Intracoastal Waterway and walking distance to The Royal, Publix and direct Lake Trail access. 24 hour doorman, one off street parking space and heated pool. This unit is not to be missed.

Last Agent to Sell the Property

BLAIR KIRWAN

Brown Harris Stevens of Palm Beach 6598 License #SL-3394433 Listed on: 09/28/2020

Last Buyer's Agent

Mia Morrison

The Corcoran Group License #3077087

The Corcoran Group

Property Details

Home Type

  • Condo-Op

Est. Annual Taxes

  • $11,074

Year Built

  • Built in 1963

Lot Details

  • Northwest Facing Home

HOA Fees

  • $1,197 Monthly HOA Fees

Parking

  • 1 Parking Space

Interior Spaces

  • 1,220 Sq Ft Home
  • Wood Flooring

Kitchen

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

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Outdoor Pool
  • Docks

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 50434315350005050

Community Details

Overview

  • Association fees include cable TV, trash, water
  • 60 Units
  • Lake Towers Community
  • 7-Story Property

Additional Features

  • Doorman
  • Resident Manager or Management On Site

Property Details

Home Type

Condo-Op

Est. Annual Taxes

$11,074

Year Built

Built in 1963

Lot Details

0

HOA Fees

$1,197 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Condo/Co-Op
  • Directions: North Bridge to Bradley Place
  • Building Name: Lake Towers
  • Year Built: 1963
  • Location Tax Legal:Name of Building: Lake Towers
  • Location Tax Legal:Zoned: 0400
  • Location Tax Legal:Homestead Exempt: Yes
  • Location Tax Legal:Taxes2: 11074.0
  • Location Tax Legal:Tax Year2: 2019
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: Yes
  • General Property Description:Maintenance Amount: 1197.0
  • General Property Description:Per: Month
  • General Property Description:_pound_ Units in Complex: 60
  • General Property Description:_pound_ Floors: 7.0
  • Pool:Pool3: Yes
  • ACHeat:Central Air: Yes
  • Appliances Refrigerators: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • Laundry:Laundry in Unit: Yes
  • Security:Door Person: Yes
  • Services Included:Full Time Manager: Yes
  • Maintenance Includes:Garbage Pickup: Yes
  • Maintenance Includes:Water2: Yes
  • Exposure of Unit:North2: Yes
  • Floors:Hardwood: Yes
  • Exposure of Unit:West2: Yes
  • Maintenance Includes:Cable TV: Yes
  • Waterfront-Building:Intracoastal-Direct2: Yes
  • Waterfront-Unit:Intracoastal-Direct3: Yes
  • Dock:Dock Space Available: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Freezer, Ice Maker, Oven-Single, Microwave, Washer, Dryer, Range - Electric
  • Total Bedrooms: 2
  • Flooring: Hardwood
  • Interior Amenities: Cable
  • Stories: 7
  • Appliances Dishwasher: Yes
  • Appliances:Freezer: Yes
  • Appliances:Ice Maker: Yes
  • Interior Features:Cable: Yes
  • Appliances:Range - Electric: Yes
  • Appliances:Oven-Single: Yes

Exterior Features

  • Pool Features: Pool
  • Pool Private: Yes
  • Exterior Features: Balcony
  • Exterior Features:Balcony: Yes

Garage/Parking

  • Parking:_one_ Car2: Yes

Utilities

  • Laundry Features: Laundry in Unit
  • Security: Door Person
  • Heating: Central Air
  • Heating Yn: Yes

Condo/Co-op/Association

  • Amenities: Full Time Manager
  • Association: Yes

Association/Amenities

  • Restrictions:Condo Association: Yes

Fee Information

  • Association Fee Includes: Cable TV, Trash, Water

Lot Info

  • Parcel #: 50434315350005050
  • Zoning: 0400

Multi Family

  • Number Of Units Total: 60
  • Maintenance Expense: 1197.0

Tax Info

  • Tax Annual Amount: 11074.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2020
Closed on
Dec 16, 2020
Sold by
Mcclelland Nicholas P and Mcclelland Caroline Ledbetter
Bought by
Bpb Holdings Fl Llc
Seller's Agent
BLAIR KIRWAN
Brown Harris Stevens of Palm Beach 6598
Buyer's Agent
Mia Morrison
The Corcoran Group
List Price
$1,137,500
Sold Price
$1,137,500
Total Days on Market
50
Current Estimated Value
$2,393,087

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,255,587
Avg. Annual Appreciation
18.19%
Original Mortgage
$739,375
Outstanding Balance
$665,802
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$1,727,285

Purchase Details

Listed on
Apr 28, 2017
Closed on
Apr 13, 2018
Sold by
Dale Clara M and Twaddell Marlene A
Bought by
Mcclelland Nicholas P and Mcclelland Caroline Ledbetter
Seller's Agent
MARYANN CHOPP
Sotheby's International Realty, Inc.
Buyer's Agent
Marianne Chopp
BONSAI REALTY CORPORATION
List Price
$860,000
Sold Price
$860,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.00%
Original Mortgage
$645,000
Interest Rate
4.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 14, 2014
Sold by
Marx Charles D
Bought by
Twadell Marlene A and Loxton Pamela A

Purchase Details

Closed on
Nov 27, 1995
Sold by
Vallenilla Luis
Bought by
Marx Charlene

Purchase Details

Closed on
Aug 27, 1993
Sold by
Lake Towers Dev Corp
Bought by
Vallenilla Luis
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 Buyer Sale Price Title Company
Bpb Holdings Fl Llc $1,137,500 Attorney
Mcclelland Nicholas P $860,000 Attorney
Twadell Marlene A -- Attorney
Marx Charlene $250,000 --
Vallenilla Luis $128,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bpb Holdings Fl Llc $739,375
Previous Owner Mcclelland Nicholas P $645,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2020 12/16/20 Sold $1,137,500 0.0% $932 / Sq Ft
12/16/2020 12/16/20 Sold $1,137,500 0.0% $932 / Sq Ft
11/17/2020 11/17/20 Pending -- -- --
11/16/2020 11/16/20 Pending -- -- --
09/28/2020 09/28/20 For Sale $1,137,500 -15.7% $932 / Sq Ft
11/05/2019 11/05/19 For Sale $1,350,000 +57.0% $1,107 / Sq Ft
04/13/2018 04/13/18 Sold $860,000 0.0% $705 / Sq Ft
03/16/2018 03/16/18 Pending -- -- --
04/28/2017 04/28/17 For Sale $860,000 -- $705 / 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 $24,501 $1,064,800 -- --
2023 $24,587 $968,000 $0 $0
2022 $15,287 $880,000 $0 $0
2021 $13,373 $800,000 $0 $800,000
2020 $11,187 $685,410 $0 $0
2019 $11,117 $670,000 $0 $670,000
2018 $10,531 $620,000 $0 $620,000
2017 $10,188 $585,000 $0 $0
2016 $4,997 $585,000 $0 $0
2015 $10,577 $585,000 $0 $0
2014 $10,262 $560,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 19-2155

APN: 50-43-43-15-35-000-5050