$5,000,000
SOLD MAY 25, 2018
5 Beds
3 Baths
3,536 Sq Ft
0.45 Acres

Recently Sold

$1,414 Per Sq Ft

105 Days on Market

Highlights

  • Property has ocean access
  • Outdoor Pool
  • Marble Flooring
  • Palm Beach Public School Rated A-
  • Waterfront
  • Bermuda Architecture

About This Home

As of July 2020

Lovely, chic, one story home has spacious main rooms, 9-11 foot ceilings and opens up to a lushly landscaped 19,500 sq.ft. lot (100' x 195'.) Light and bright, this approximately 4,800 sq.ft. home is in immaculate condition offering 4 Bedrooms, plus a Library, 3.5 baths with a brand new roof, marble floors, a dramatic large pool, covered out door loggia and 2 car garage. Enjoy immediately, add on, or build up to an approximately 6,900 sq.ft. new home.

Last Agent to Sell the Property

CAROLE RUHLMAN

Sotheby's International Realty, Inc. License #518189 Listed on: 11/17/2017

Last Buyer's Agent

BETSY FRY

THE FITE GROUP

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,320

Year Built

  • Built in 1955

Lot Details

  • 0.45 Acre Lot
  • Waterfront
  • Sprinkler System
  • Property is zoned RD-1

Parking

  • 2 Car Garage

Home Design

  • Bermuda Architecture
  • Tile Roof
  • Fiber Cement Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 3,536 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Ceiling Fan
  • Single Hung Windows
  • Sliding Windows
  • Dining Room
  • Library
  • Utility Room

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Marble

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Hurricane or Storm Shutters

Outdoor Features

  • Outdoor Pool
  • Property has ocean access
  • Patio
  • Lanai

Utilities

  • Zoned Heating and Cooling
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Adams Addition Subdivision

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 50434314070000510

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,320

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.45
  • Lot Size: 100
  • Subdivision Name: Adams Addition
  • Architectural Style: Bermuda, One Story
  • Year Built: 1955
  • Location Tax Legal:Zoned: RD-1
  • Location Tax Legal:Homestead Exempt: Yes
  • Location Tax Legal:Taxes2: 19319.99
  • Location Tax Legal:Tax Year2: 2016
  • General Property Description:Living Area: 3536.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: No
  • Pool:Pool3: Yes
  • ACHeat:Central Air: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • Security:Security System: Yes
  • General Property Description:Lot Dim (1): 100
  • Floors:Marble: Yes
  • Floors:WW Carpeting: Yes
  • Roof:Cement Tile: Yes
  • Windows:Sliding: Yes
  • Style:Bermuda: Yes
  • Pets:Pets Allowed: Yes
  • General Property Description:Lot SqFt: 19602
  • WaterSewer:City Water: Yes
  • HOA:None: Yes
  • Style:One Story: Yes
  • Windows:Single Hung: Yes
  • ACHeat:Multi Zone Air: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Ice Maker, Range-Electric, Washer, Dryer
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Flooring: Marble, W/W Carpeting
  • Interior Amenities: Cable, Ceiling Fan, Wet Bar, Wndw Trmnts Included
  • Living Area: 3536.0
  • Window Features: Single Hung, Sliding
  • Interior Features:Wndw Trmnts Included: Yes
  • Other Rooms:Dining Room: Yes
  • Other Rooms:Eat-in Kitchen: Yes
  • Other Rooms:Utility Room: Yes
  • Other Rooms:LibraryDen: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Ice Maker: Yes
  • Interior Features:Cable: Yes
  • Appliances:Range - Electric: Yes
  • Interior Features:Ceiling Fan: Yes
  • Interior Features:Wet Bar: Yes

Exterior Features

  • Lot Features: 1/4 A - 21,779 SF
  • Pool Features: Pool, Fresh Water
  • Pool Private: Yes
  • Waterfront Features: No - Waterfront
  • Waterfront: Yes
  • Construction Type: Cement Block/Stucco
  • Exterior Features: Patio/Lanai, Ocean Access-No Deed, Storm Shutters-Auto, Sprinkler System
  • Roof: Cement Tile
  • Exterior Features:Sprinkler System: Yes
  • Construction:Cement BlockStucco: Yes
  • Exterior Features:PatioLanai: Yes
  • Exterior Features:Ocean Access-No Deed: Yes
  • Exterior Features:Storm Shutters- Auto: Yes

Garage/Parking

  • Parking Features: 2 Car
  • Garage:_two_ Car: Yes

Utilities

  • Security: Security System
  • Heating: Central Air, Multi Zone Air
  • Heating Yn: Yes

Lot Info

  • Land Lease Amount Frequency: No
  • Lot Size Sq Ft: 19602.0
  • Parcel #: 50434314070000510
  • Zoning: RD-1
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 19319.99
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2020
Closed on
Jun 23, 2020
Sold by
251 Dunbar Llc
Bought by
Hamm Alexandra Hersey and Ryan Alexandra Hamm
Seller's Agent
Betsy Fry
Sotheby's Intl. Realty, Inc.
Buyer's Agent
Linda Gary
Linda A. Gary Real Estate
List Price
$13,750,000
Sold Price
$13,150,000
Premium/Discount to List
-$600,000
-4.36%
Total Days on Market
105
Current Estimated Value
$14,070,359

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$920,359
Avg. Annual Appreciation
1.38%

Purchase Details

Listed on
Nov 17, 2017
Closed on
May 22, 2018
Sold by
Schumacher Elizabeth Rossbach
Bought by
251 Dunbar Llc
Seller's Agent
CAROLE RUHLMAN
Sotheby's International Realty, Inc.
Buyer's Agent
BETSY FRY
THE FITE GROUP
List Price
$5,000,000
Sold Price
$5,000,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
58.14%
Original Mortgage
$3,500,000
Interest Rate
4.4%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 30, 2014
Sold by
Rossbach Linda
Bought by
Rossbach Linda and Linda Rossbach Revocable Trust
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 Type Sale Price Title Company
Warranty Deed $12,365,000 Attorney
Deed $5,000,000 Attorney
Interfamily Deed Transfer -- Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $6,575,000 New Conventional
Previous Owner $7,750,000 Construction
Previous Owner $3,500,000 Future Advance Clause Open End Mortgage
Previous Owner $397,000 New Conventional
Previous Owner $412,000 Unknown
Previous Owner $100,000 Credit Line Revolving
Previous Owner $400,000 Negative Amortization
Previous Owner $99,999 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/03/2020 07/03/20 Sold $13,150,000 -4.4% $1,820 / Sq Ft
06/03/2020 06/03/20 Pending -- -- --
05/19/2020 05/19/20 For Sale $13,750,000 +175.0% $1,903 / Sq Ft
05/25/2018 05/25/18 Sold $5,000,000 0.0% $1,414 / Sq Ft
03/02/2018 03/02/18 Pending -- -- --
11/17/2017 11/17/17 For Sale $5,000,000 -- $1,414 / 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 $179,578 $12,018,610 -- --
2023 $175,908 $11,668,553 $0 $0
2022 $176,245 $11,328,692 $0 $0
2021 $179,250 $10,998,730 $4,806,450 $6,192,280
2020 $67,585 $4,022,460 $4,022,460 $0
2019 $67,111 $3,910,725 $3,910,725 $0
2018 $82,559 $4,978,575 $4,971,371 $7,204
2017 $20,341 $1,177,813 $0 $0
2016 $9,575 $1,153,588 $0 $0
2015 $19,976 $1,145,569 $0 $0
2014 $20,080 $1,136,477 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 17-2380

APN: 50-43-43-14-07-000-0510