NOT LISTED FOR SALE

258 Wells Rd Palm Beach, FL 33480

North End Neighborhood

Estimated Value: $7,023,000 - $15,073,488

3 Beds
6 Baths
6,251 Sq Ft
$1,639/Sq Ft Est. Value

Sale Details

Date Sold: January 11, 2021

Last sale price $8,950,000 $1,432 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $69,532 / mo

64 Days on Market

Highlights

  • Cabana
  • Garage Apartment
  • Lanai
  • Palm Beach Public School Rated A-
  • Mediterranean Architecture
  • Wine Refrigerator

About This Home

As of January 2021

A very important 1930's estate home tastefully renovated and ready to enjoy. Three structures include elegant man house, poolside cabana with full bath and guest apartment above garage. Wonderful original details kept intact with up to date improvements for today's modern lifestyle.

Last Agent to Sell the Property

Lawrence A Moens

Lawrence A. Moens Associates, Inc. License #202740 Listed on: 10/19/2020

Last Buyer's Agent

Sheila Crosby

One Sotheby's International Realty License #SL-3221532

One Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $78,298

Year Built

  • Built in 1930

Lot Details

  • 19,602 Sq Ft Lot
  • Home has North and South Exposure
  • Property is zoned RB

Parking

  • 2 Car Garage
  • Garage Apartment

Home Design

  • Mediterranean Architecture
  • Barrel Roof Shape
  • Concrete Block And Stucco Construction

Interior Spaces

  • 6,251 Sq Ft Home
  • Elevator
  • Wet Bar
  • Ceiling Fan
  • Fireplace
  • Casement Windows
  • Dining Room
  • Utility Room
  • Tile Flooring

Kitchen

  • Eat-In Kitchen
  • Single Oven
  • Gas Range
  • Dishwasher
  • Wine Refrigerator
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 6 Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Impact Glass

Outdoor Features

  • Cabana
  • Balcony
  • Patio
  • Lanai

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Adams Addition Subdivision

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 50434314070000220

Home Details

Home Type

Single Family

Est. Annual Taxes

$78,298

Year Built

Built in 1930

Lot Details

0.45 Acres

Parking

2

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: Mediterranean
  • Garage Yn: Yes
  • Year Built: 1930
  • Location Tax Legal:Zoned: RB
  • Location Tax Legal:Homestead Exempt: Yes
  • Location Tax Legal:Taxes2: 78297.5
  • Location Tax Legal:Tax Year2: 2019
  • General Property Description:Living Area: 6251.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: No
  • Pool:Pool3: Yes
  • Floors:Tile: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • Security:Security System: Yes
  • General Property Description:Lot Dim (1): 100
  • WaterSewer:Sewer: Yes
  • General Property Description:Lot SqFt: 19602
  • WaterSewer:City Water: Yes
  • HOA:None: Yes
  • Exposure:North: Yes
  • Exposure:South: Yes
  • Windows:Impact Glass: Yes
  • Roof:Barrel Tile: Yes
  • Style:Mediterranean: Yes
  • Windows:Casement: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Refrigerator-Wine, Range-Gas, Oven-Single, Washer, Dryer
  • Half Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Tile
  • Interior Amenities: Ceiling Fan(s), Elevator, Fireplace, Wet Bar, Pantry
  • Living Area: 6251.0
  • Window Features: Casement, Impact Glass
  • Other Rooms:Dining Room: Yes
  • Other Rooms:Eat-in Kitchen: Yes
  • Other Rooms:Pantry: Yes
  • Other Rooms:Utility Room: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Refrigerator-Wine: Yes
  • Interior Features:Elevator: Yes
  • Interior Features:Ceiling Fan: Yes
  • Interior Features:Fireplace: Yes
  • Appliances:Oven-Single: Yes
  • Interior Features:Wet Bar: Yes
  • Appliances:Range-Gas: Yes

Exterior Features

  • Lot Features: 1/4 A - 21,779 SF
  • Pool Features: Pool
  • Pool Private: Yes
  • Waterfront Features: No - Waterfront
  • Waterfront: No
  • Construction Type: Stucco, Block
  • Exterior Features: Balcony
  • Other Structures: Cabana
  • Patio And Porch Features: Patio/Lanai
  • Roof: Barrel
  • Exterior Features:Balcony: Yes
  • Construction:Cement BlockStucco: Yes
  • Exterior Features:PatioLanai: Yes
  • Exterior Features:Cabana: Yes

Garage/Parking

  • Garage Spaces: 2.0
  • Other Rooms:Garage Apartment: Yes

Utilities

  • Security: Security System
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central Heat
  • Heating Yn: Yes
  • Utilities: Sewer
  • Water Source: City Water

Lot Info

  • Land Lease Amount Frequency: No
  • Lot Size Sq Ft: 19602.0
  • Parcel #: 50434314070000220
  • Zoning: RB

Tax Info

  • Tax Annual Amount: 78297.5
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2020
Closed on
Jan 12, 2021
Sold by
Levenson Michael J and Levenson Daniela V
Bought by
Bear 258 Llc
Seller's Agent
Lawrence A Moens
Lawrence A. Moens Associates, Inc.
Buyer's Agent
Sheila Crosby
One Sotheby's International Realty
List Price
$8,950,000
Sold Price
$8,950,000
Current Estimated Value
$10,243,829

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,293,829
Avg. Annual Appreciation
2.63%

Purchase Details

Listed on
Feb 8, 2013
Closed on
Jul 27, 2015
Sold by
Borchardt Trudi and Borchardt Gregory
Bought by
Levenson Michael J and Levenson Daniela
Seller's Agent
Lawrence A Moens
Lawrence A. Moens Associates, Inc.
Buyer's Agent
Lawrence A Moens
Lawrence A. Moens Associates, Inc.
List Price
$5,647,685
Sold Price
$5,647,685

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.78%
Original Mortgage
$5,215,000
Interest Rate
4.08%
Mortgage Type
Balloon

Purchase Details

Closed on
Apr 18, 2005
Sold by
Leopold Holdings Llc
Bought by
Borchardt Robert L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Interest Rate
5.25%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Aug 24, 2004
Sold by
Hassan Charles R and Hassan Heather L
Bought by
Leopold Holdings Llc

Purchase Details

Closed on
May 21, 1997
Sold by
Munder Lee and Munder Laura
Bought by
Clark James M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bear 258 Llc $8,950,000 Attorney
Levenson Michael J $5,647,685 Attorney
Borchardt Robert L $4,995,000 --
Leopold Holdings Llc -- --
Clark James M $2,350,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Levenson Michael J $5,215,000
Previous Owner Borchardt Robert L $2,500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/11/2021 01/11/21 Sold $8,950,000 0.0% $1,432 / Sq Ft
12/22/2020 12/22/20 Pending -- -- --
10/19/2020 10/19/20 For Sale $8,950,000 +58.5% $1,432 / Sq Ft
07/27/2015 07/27/15 Sold $5,647,685 0.0% $903 / Sq Ft View Prior Sale
05/28/2015 05/28/15 Pending -- -- --
02/08/2013 02/08/13 For Sale $5,647,685 -- $903 / Sq Ft
Source: Palm Beach Board of REALTORS®

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
2025 $182,660 $11,960,114 -- --
2024 $182,660 $11,440,179 -- --
2023 $170,954 $10,400,163 $0 $0
2022 $148,003 $9,454,694 $0 $0
2021 $78,588 $4,783,676 $0 $0
2020 $78,748 $4,717,629 $0 $0
2019 $78,603 $4,611,563 $3,910,725 $700,838
2018 $84,041 $5,098,674 $0 $0
2017 $84,083 $4,993,804 $4,041,765 $952,039
2016 $86,107 $5,026,164 $0 $0
2015 $78,578 $4,406,668 $0 $0
2014 $71,327 $3,951,015 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2021

    Lawrence A Moens

    Lawrence A. Moens Associates, Inc.

    (561) 655-5510

    29 in this area

    81 Total Sales

    Lawrence A Moens
    Section Image

  • S

    Buyer's Agent in 2021

    Sheila Crosby

    One Sotheby's International Realty

    (561) 371-1948

    11 Total Sales

    Sheila Crosby
    Section Image
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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 20-1805

APN: 50-43-43-14-07-000-0220

Florida Palm Beach County Palm Beach 33480 North End

258 Wells Rd, Palm Beach, FL

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