NOT LISTED FOR SALE

260 Colonial Ln Palm Beach, FL 33480

North End Neighborhood

Estimated Value: $5,366,322 - $7,111,000

4 Beds
3 Baths
2,002 Sq Ft
$3,020/Sq Ft Est. Value

Last Sold August 30, 2016

Last sale price $1,580,000 $789 Per Sq Ft

Est. 283% increase in value since last sale

Current estimated payment $37,005/month

185 Days on Market

Highlights

  • Heated Pool
  • Wood Flooring
  • 1 Car Attached Garage
  • Palm Beach Public School Rated A-
  • Fireplace
  • Eat-In Kitchen

About This Home

As of August 2016

Great opportunity to own a charming 4BR/3BA Bermuda on the north end. Bright open floor plan. Oversized lot with heated pool. Beach access.

Last Agent to Sell the Property

Betsey Hall

Inactive member License #536961 Listed on: 01/27/2016

Last Buyer's Agent

Christian Angle

Christian Angle Real Estate License #703536

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $25,586

Year Built

  • Built in 1950

Lot Details

  • 9,887 Sq Ft Lot
  • Property is zoned RB

Parking

  • 1 Car Attached Garage

Home Design

  • Concrete Roof

Interior Spaces

  • 2,002 Sq Ft Home
  • 1-Story Property
  • Fireplace
  • Family Room

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Heated Pool
  • Patio

Utilities

  • Central Heating and Cooling System

Community Details

  • El Encanto 2 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50434303110000442

Home Details

Home Type

Single Family

Est. Annual Taxes

$25,586

Year Built

Built in 1950

Lot Details

0

Parking

1

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: North on N. Lake Way, East on Colonial, home on the south side of street.
  • Year Built: 1950
  • Year Built Details: Resale
  • Special Features: None

Interior Features

  • Interior Amenities: Breakfast Bar, Eat-in Kitchen, Fireplace
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Disposal, Gas Range, Microwave, Refrigerator, Washer
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace: Yes
  • Flooring: Other, Tile, Wood
  • Living Area: 2002.0
  • Dining Room Type: Family Room
  • Stories: 1

Exterior Features

  • Exterior Features: Patio
  • Lot Features: < 1/4 Acre
  • Pool Features: Heated, Pool
  • Pool Private: Yes
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Concrete

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Garage Yn: Yes
  • Parking Features: Attached, Garage

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Amenities: Other
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 50434303110000442
  • Lot Size Sq Ft: 9887.0
  • Zoning Description: RB
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 25586.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 30, 2020
Sold by
Lipschutz Lester E and The Pbi Amalgamated Trust
Bought by
Hunt Thomas P and The Bailey Family Trust
Total Days on Market
185
Current Estimated Value
$6,046,331

Purchase Details

Listed on
Jan 27, 2016
Closed on
Aug 18, 2016
Sold by
Apple Steven L
Bought by
Lipschutz Lester E and Pbi Amalgamated Trust
Seller's Agent
Betsey Hall
Inactive member
Buyer's Agent
Christian Angle
Christian Angle Real Estate
List Price
$2,495,000
Sold Price
$1,580,000
Premium/Discount to List
-$915,000
-36.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.56%
Original Mortgage
$1,000,000
Interest Rate
3.5%

Purchase Details

Closed on
Jun 27, 1995
Sold by
Maddock Paul L and Maddock Cythlen C
Bought by
Apple Steven

Purchase Details

Closed on
Mar 9, 1995
Sold by
Warren Lucie
Bought by
Maddock Paul L and Maddock Cythlen C

Purchase Details

Closed on
May 19, 1994
Sold by
Posvar Kristi
Bought by
Warren Lucie
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
Hunt Thomas P $2,254,000 Attorney
Lipschutz Lester E $1,580,000 None Available
Apple Steven $385,000 --
Maddock Paul L -- --
Warren Lucie $370,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hunt Thomas P $750,000
Previous Owner Lipschutz Lester $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2016 08/30/16 Sold $1,580,000 -36.7% $789 / Sq Ft
07/31/2016 07/31/16 Pending -- -- --
01/27/2016 01/27/16 For Sale $2,495,000 -- $1,246 / 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 $36,766 $2,448,420 -- --
2023 $35,966 $2,377,107 $0 $0
2022 $36,013 $2,307,871 $0 $0
2021 $36,647 $2,240,651 $2,165,253 $75,398
2020 $34,049 $2,014,344 $2,012,005 $2,339
2019 $31,714 $1,836,209 $1,829,095 $7,114
2018 $29,097 $1,835,149 $1,829,095 $6,054
2017 $25,993 $1,506,137 $1,500,000 $6,137
2016 $27,517 $1,446,622 $0 $0
2015 $25,586 $1,315,111 $0 $0
2014 $23,110 $1,195,555 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2016

    Betsey Hall

    Inactive member

  • Christian Angle

    Buyer's Agent in 2016

    Christian Angle

    Christian Angle Real Estate

    (561) 629-3015

    89 in this area

    223 Total Sales

    Christian Angle
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10202511

BeachesMLS

APN: 50-43-43-03-11-000-0442

Florida Palm Beach County Palm Beach 33480 North End

260 Colonial Ln, Palm Beach, FL

This home is located at 260 Colonial Ln, Palm Beach, FL 33480 since 27 January 2016 and is currently estimated at $6,046,331, approximately $3,020 per square foot. This property was built in 1950. 260 Colonial Ln is a home located in Palm Beach County with nearby schools including Palm Beach Public School, Conniston Middle School, and Palm Beach Lakes Community High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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