NOT LISTED FOR SALE

Estimated Value: $4,780,000 - $6,149,000

3 Beds
3 Baths
1,837 Sq Ft
$2,866/Sq Ft Est. Value

Last Sold September 16, 2020

Last sale price $2,850,000 $1,551 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $35,705/month

108 Days on Market

Highlights

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

About This Home

As of September 2020

Palm Beach perfection. This 3-bedroom, 3-bath, open floor plan Bermuda bungalow is everything Palm Beach should be! Elegant, tropical, and effortless. Fully renovated with designer finishes. impact glass, quartz counter tops, stunning hardwood floors, 40-foot pool, outdoor kitchen, covered patio, and more! Enjoy an ideal location with same-street access to the lake trail and ocean, not to mention proximity to town. Welcome to Palm Beach!

Last Agent to Sell the Property

Kourtney Pulitzer

Sotheby's International Realty, Inc. License #SL-3278434 Listed on: 05/15/2020

Sotheby's International Realty, Inc.

Last Buyer's Agent

Steve Hall

THE FITE GROUP

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $30,584

Year Built

  • Built in 1950

Lot Details

  • 9,148 Sq Ft Lot
  • Waterfront
  • South Facing Home
  • Back Yard Fenced
  • Sprinkler System
  • Property is zoned 0100 SINGLE FAMILY - GENERAL, 0100 SINGLE FAMILY -

Parking

  • 1 Car Garage

Home Design

  • Bermuda Architecture
  • Wood Shingle Roof
  • Wood Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,837 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Fireplace
  • Casement Windows
  • Dining Area
  • Storage
  • Utility Room

Kitchen

  • Eat-In Kitchen
  • Single Oven
  • Gas Range
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Impact Glass
  • Fire and Smoke Detector

Outdoor Features

  • Outdoor Pool
  • Property has ocean access
  • Attached Grill

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Tropic Isle Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50434303140000101

Home Details

Home Type

Single Family

Est. Annual Taxes

$30,584

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.21
  • Lot Size: 100
  • Subdivision Name: Tropic Isle
  • Architectural Style: Bermuda, One Story
  • Garage Yn: Yes
  • Year Built: 1950
  • Location Tax Legal:Zoned: 0100 SINGLE FAMILY - GENERAL
  • Location Tax Legal:Homestead Exempt: No
  • Location Tax Legal:Taxes2: 30584.1
  • Location Tax Legal:Tax Year2: 2018
  • General Property Description:Living Area: 1837.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: No
  • Pool:Pool3: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • Security:Security System: Yes
  • General Property Description:Lot Dim (1): 100
  • Floors:Hardwood: Yes
  • Windows:Impact Glass - Full: Yes
  • Style:Bermuda: Yes
  • General Property Description:Lot SqFt: 9148
  • WaterSewer:City Water: Yes
  • HOA:None: Yes
  • Exposure:South: Yes
  • Style:One Story: Yes
  • Windows:Impact Glass: Yes
  • Floors:StoneBrick: Yes
  • Windows:Casement: Yes
  • Roof:Wood Shingle: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Freezer, Ice Maker, Range-Gas, Oven-Single, Microwave, Washer, Dryer
  • Total Bedrooms: 3
  • Flooring: Hardwood, Stone/Brick
  • Interior Amenities: Cable, Ceiling Fan, Fireplace, Smoke Detectors, Storage
  • Living Area: 1837.0
  • Window Features: Casement, Impact Glass, Impact Glass-Full
  • Interior Features:Storage: Yes
  • Other Rooms:Eat-in Kitchen: Yes
  • Other Rooms:Utility Room: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Freezer: Yes
  • Appliances:Ice Maker: Yes
  • Interior Features:Cable: Yes
  • Interior Features:Smoke Detectors: Yes
  • Interior Features:Ceiling Fan: Yes
  • Interior Features:Fireplace: Yes
  • Other Rooms:Dining Area: Yes
  • Appliances:Oven-Single: Yes
  • Appliances:Range-Gas: Yes

Exterior Features

  • Lot Features: Up To 10,889 SF
  • Pool Features: Pool
  • Pool Private: Yes
  • Waterfront Features: No - Waterfront
  • Waterfront: Yes
  • Construction Type: Cement Block/Stucco
  • Exterior Features: Fence-Back Wall, Ocean Access-Deeded, Built-in Grill, Sprinkler System
  • Roof: Wood
  • Exterior Features:Sprinkler System: Yes
  • Construction:Cement BlockStucco: Yes
  • Exterior Features:Fence - Back Wall: Yes
  • Exterior Features:Ocean Access-Deeded: Yes
  • Exterior Features:Built-in Grill: Yes

Garage/Parking

  • Parking Features: 1 Car
  • Garage:_one_ Car: Yes

Utilities

  • Security: Security System
  • Heating: Central Air, Central Heat
  • Heating Yn: Yes

Lot Info

  • Land Lease Amount Frequency: No
  • Lot Size Sq Ft: 9148.0
  • Parcel #: 50434303140000101
  • Zoning: 0100 SINGLE FAMILY -
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 30584.1
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2020
Closed on
Sep 14, 2020
Sold by
Ernest Gordon Llc
Bought by
Jeffrey A Cole Revocable Trust
Seller's Agent
Kourtney Pulitzer
Sotheby's International Realty, Inc.
Buyer's Agent
Steve Hall
THE FITE GROUP
List Price
$2,850,000
Sold Price
$2,850,000
Current Estimated Value
$5,647,767

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,797,767
Avg. Annual Appreciation
15.37%

Purchase Details

Listed on
Jan 26, 2017
Closed on
Aug 2, 2017
Sold by
Verlen David and Beaucher Lois Nitti
Bought by
Ernest Gordon Llc
Seller's Agent
Crista Ryan
Tina Fanjul Associates, Inc.
Buyer's Agent
KOURTNEY PULITZER
BARRETT WELLES PROPERTY GROUP LLC
List Price
$2,525,000
Sold Price
$2,525,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.94%
Original Mortgage
$1,700,000
Interest Rate
2.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 16, 2012
Sold by
Verlen David and Nitti Verlen Lois
Bought by
Verlen David and Nitti Verlen Lois

Purchase Details

Closed on
Jun 22, 2011
Sold by
251 Orange Grove Llc
Bought by
Verlen David and Nitti Verlen Lois

Purchase Details

Closed on
Jan 18, 2008
Sold by
The Tquad Associates Lp
Bought by
251 Orange Grove Llc
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
Jeffrey A Cole Revocable Trust $2,600,000 Attorney
Ernest Gordon Llc $2,525,000 Attorney
Verlen David -- Premier Title Company Ltd
Verlen David $985,189 Attorney
251 Orange Grove Llc $1,200,000 Attorney
251 Orange Grove Llc -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ernest Gordon Llc $1,700,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/16/2020 09/16/20 Sold $2,850,000 0.0% $1,551 / Sq Ft
09/16/2020 09/16/20 Sold $2,850,000 0.0% $1,551 / Sq Ft
08/31/2020 08/31/20 Pending -- -- --
08/17/2020 08/17/20 Pending -- -- --
05/15/2020 05/15/20 For Sale $2,850,000 -16.1% $1,551 / Sq Ft
01/23/2020 01/23/20 For Sale $3,395,000 0.0% $1,848 / Sq Ft
09/15/2018 09/15/18 Rented $12,500 0.0% --
08/16/2018 08/16/18 Under Contract -- -- --
10/18/2017 10/18/17 For Rent $12,500 0.0% --
08/02/2017 08/02/17 Sold $2,525,000 0.0% $1,375 / Sq Ft
05/22/2017 05/22/17 Pending -- -- --
01/26/2017 01/26/17 For Sale $2,525,000 -- $1,375 / 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 $57,389 $2,851,603 -- --
2023 $50,087 $2,592,366 $0 $0
2022 $43,391 $2,356,696 $0 $0
2021 $35,693 $2,142,451 $2,000,565 $141,886
2020 $32,746 $1,929,787 $1,858,973 $70,814
2019 $32,002 $1,845,401 $1,689,975 $155,426
2018 $30,584 $1,819,968 $1,689,975 $129,993
2017 $23,555 $1,399,619 $0 $0
2016 $23,051 $1,356,207 $0 $0
2015 $22,347 $1,277,435 $0 $0
2014 $18,416 $1,044,783 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 20-197

APN: 50-43-43-03-14-000-0101