NOT LISTED FOR SALE

Estimated Value: $2,394,000 - $3,352,000

2 Beds
2 Baths
1,220 Sq Ft
$942/mo HOA Fee

Last Sold June 20, 2013

Last sale price $665,000 $545 Per Sq Ft

Est. 326% increase in value since last sale

Current estimated payment $16,973/month

98 Days on Market

Highlights

  • Doorman
  • Property fronts an intracoastal waterway
  • Central Heating and Cooling System
  • Palm Beach Public School Rated A-
  • Ceramic Tile Flooring
  • 1 Car Garage

About This Home

As of June 2013

Lake Towers 2BR/2BA apartment with beautiful views of Intracoastal waterway. Apartment could be combined with apartment #603 to create a large 3 bedroom apartment. Close to Palm Beach shopping, dining and beaches.

Last Agent to Sell the Property

Gary Little

Sotheby's Intl. Realty, Inc. License #497423 Listed on: 02/11/2013

Sotheby's Intl. Realty, Inc.

Co-Listed By

Lynn Warren

Sotheby's Intl. Realty, Inc. License #497454

Last Buyer's Agent

Christian Angle

Christian Angle Real Estate License #703536

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,507

Year Built

  • Built in 1963

Lot Details

  • Northeast Facing Home

HOA Fees

  • $942 Monthly HOA Fees

Parking

  • 1 Car Garage

Interior Spaces

  • 1,220 Sq Ft Home
  • Ceramic Tile Flooring

Kitchen

  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 50434315350006040

Community Details

Overview

  • Association fees include common areas, cable TV, sewer, water
  • 63 Units
  • Lake Towers Condo Subdivision
  • 7-Story Property

Amenities

  • Doorman

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,507

Year Built

Built in 1963

Lot Details

0

HOA Fees

$942 per month

Parking

1

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: Call listing agent
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Ceramic Tile
  • Living Area: 1220.0
  • Stories: 7

Exterior Features

  • View: Intercoastal
  • Waterfront Features: Intracoastal Access
  • Waterfront: Yes
  • Construction Type: Block
  • Direction Faces: Northeast

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Garage Yn: Yes

Utilities

  • Security: Door Man, Lobby Secured
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 942.0
  • Senior Community: No
  • Association Fee Frequency: Monthly

Fee Information

  • Association Fee Includes: Common Areas, Cable TV, Sewer, Water

Lot Info

  • Parcel #: 50434315350006040

Tax Info

  • Tax Year: 2012
  • Tax Annual Amount: 8507.0

Multi Family

  • Number Of Units In Community: 63

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 19, 2019
Sold by
Mcdonald David G and Mcdonald Nicki L
Bought by
Abreu Miguel and Namiel Revocable Trust
Current Estimated Value
$2,833,160

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$770,000
Outstanding Balance
$666,756
Interest Rate
2.95%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$2,057,388

Purchase Details

Listed on
Feb 11, 2013
Closed on
May 29, 2013
Sold by
Kantor Lucille S and Kantor Martin E
Bought by
Mcdonald David G and Mcdonald Nicki L
Seller's Agent
Gary Little
Sotheby's Intl. Realty, Inc.
Buyer's Agent
Christian Angle
Christian Angle Real Estate
List Price
$725,000
Sold Price
$665,000
Premium/Discount to List
-$60,000
-8.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.21%
Original Mortgage
$465,000
Interest Rate
2.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 9, 2010
Sold by
Saccaro Richard and Saccaro Betty
Bought by
Kantor Martin E and Kantor Lucille S

Purchase Details

Closed on
Dec 5, 1997
Sold by
Kinney Jerome F and Kinney Carole S
Bought by
Saccaro Richard and Saccaro Betty

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,800
Interest Rate
7.38%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Abreu Miguel $1,100,000 Attorney
Mcdonald David G $665,000 Attorney
Kantor Martin E $975,000 Trident Title Llc
Saccaro Richard $231,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Abreu Miguel $770,000
Previous Owner Mcdonald David G $465,000
Previous Owner Saccaro Richard $300,000
Previous Owner Saccaro Richard $228,000
Previous Owner Saccaro Richard $185,000
Previous Owner Saccaro Richard $184,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2013 06/20/13 Sold $665,000 -8.3% $545 / Sq Ft
05/21/2013 05/21/13 Pending -- -- --
02/11/2013 02/11/13 For Sale $725,000 -- $594 / Sq Ft
Source: BeachesMLS

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 $11,228 $792,238 -- --
2023 $10,986 $769,163 $0 $0
2022 $11,052 $746,760 $0 $0
2021 $11,212 $725,010 $0 $0
2020 $11,230 $715,000 $0 $715,000
2019 $11,552 $680,000 $0 $680,000
2018 $9,715 $630,000 $0 $630,000
2017 $10,354 $595,000 $0 $0
2016 $10,331 $595,000 $0 $0
2015 $10,756 $595,000 $0 $0
2014 $10,443 $570,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R3344612

BeachesMLS

APN: 50-43-43-15-35-000-6040