NOT LISTED FOR SALE

Estimated Value: $5,615,000 - $7,246,000

4 Beds
4 Baths
2,479 Sq Ft
$2,659/Sq Ft Est. Value

Last Sold July 15, 2020

Last sale price $3,000,000 $1,210 Per Sq Ft

Est. 120% increase in value since last sale

Current estimated payment $39,932/month

128 Days on Market

Highlights

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

About This Home

As of July 2020

This beautiful north-end home has been completely renovated with top-of-the-line finishes and an improved floor plan. The residence has 2,775 total square feet with 4 bedrooms and 4 full baths. The living room features a new vaulted ceiling with a venetian plaster finish, ipea beams, and a custom built-in cabinet with wine, ice and refrigerator drawers. Natural light fills the space through the large windows with views of the garden. The newly appointed kitchen has a Sub Zero refrigerator, a Bosch stove top and oven, a Bosch dishwasher, wine fridge, filtered water tap and ample storage. The newly renovated pool includes a fountain feature, new tile, lighting and high flow heater. The cabana is perfect for lounging poolside with drop down screens, a mini-fridge, and a tongue tongue and groove ceiling with fan. The master suite, conveniently located on the first floor, has French doors to the pool terrace, a walk-in closet, newly remodeled bathroom with dual sinks, and a large shower. A second bedroom is located on the first floor with an en-suite bath, and the two additional bedrooms are on the second floor. Other property features include: Deeded beach access, 1-car garage, and storage area. For a complete list of all improvements please contact the listing agent.

Last Agent to Sell the Property

Todd Peter

Sotheby's International Realty, Inc. License #BK-3049697 Listed on: 02/05/2020

Sotheby's International Realty, Inc.

Co-Listed By

FRANCES PETER

Sotheby's International Realty, Inc. License #3145843

Last Buyer's Agent

ELIZABETH SAVAGE

BARRETT WELLES PROPERTY GROUP LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $28,972

Year Built

  • Built in 1940

Lot Details

  • 8,276 Sq Ft Lot
  • Waterfront
  • Home has North and South Exposure
  • Property is zoned RB

Parking

  • 1 Car Garage

Home Design

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

Interior Spaces

  • 2,479 Sq Ft Home
  • 2-Story Property
  • Dining Area
  • Storage

Kitchen

  • Single Oven
  • Electric Range
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Wine Refrigerator
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • High Impact Windows
  • High Impact Door

Pool

  • Outdoor Pool
  • Heated Pool

Outdoor Features

  • Property has ocean access
  • Patio
  • Lanai

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Tropic Isle Subdivision

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 50434303140000240

Home Details

Home Type

Single Family

Est. Annual Taxes

$28,972

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.19
  • Lot Size: 75
  • Subdivision Name: Tropic Isle
  • Architectural Style: Colonial, Two Story
  • Garage Yn: Yes
  • Year Built: 1940
  • Location Tax Legal:Zoned: RB
  • Location Tax Legal:Homestead Exempt: Yes
  • Location Tax Legal:Taxes2: 28972.0
  • Location Tax Legal:Tax Year2: 2019
  • General Property Description:Living Area: 2479.0
  • 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): 75
  • Floors:Hardwood: Yes
  • Floors:Marble: Yes
  • Roof:Cement Tile: Yes
  • WaterSewer:Sewer: Yes
  • Style:Two Story: Yes
  • Windows:Impact Glass - Full: Yes
  • General Property Description:Lot SqFt: 8276
  • WaterSewer:City Water: Yes
  • HOA:None: Yes
  • Exposure:North: Yes
  • Exposure:South: Yes
  • Pool:Heated - Electric: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Refrigerator-Wine, Freezer, Ice Maker, Range-Electric, Oven-Single, Microwave, Washer, Dryer
  • Total Bedrooms: 4
  • Flooring: Hardwood, Marble, Other Flooring
  • Interior Amenities: Cable, Storage
  • Living Area: 2479.0
  • Window Features: Impact Glass-Full
  • Interior Features:Storage: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Refrigerator-Wine: Yes
  • Appliances:Freezer: Yes
  • Appliances:Ice Maker: Yes
  • Interior Features:Cable: Yes
  • Appliances:Range - Electric: Yes
  • Other Rooms:Dining Area: Yes
  • Appliances:Oven-Single: Yes

Exterior Features

  • Lot Features: Up To 10,889 SF
  • Pool Features: Pool, Heated - Electric
  • Pool Private: Yes
  • Waterfront Features: No - Waterfront
  • Waterfront: Yes
  • Construction Type: Cement Block/Stucco
  • Exterior Features: Patio/Lanai, Ocean Access-Deeded, Impact Doors, Impact Windows
  • Roof: Cement Tile
  • Exterior Features:Impact Doors: Yes
  • Exterior Features:Impact Windows: Yes
  • Construction:Cement BlockStucco: Yes
  • Exterior Features:PatioLanai: Yes
  • Exterior Features:Ocean Access-Deeded: 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: 8276.0
  • Parcel #: 50434303140000240
  • Zoning: RB
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 28972.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2020
Closed on
Jul 15, 2020
Sold by
Griswold Alexander H
Bought by
Masterson Michael B and Masterson Gloria S
Seller's Agent
Todd Peter
Sotheby's International Realty, Inc.
Buyer's Agent
ELIZABETH SAVAGE
BARRETT WELLES PROPERTY GROUP LLC
List Price
$3,000,000
Sold Price
$3,000,000
Total Days on Market
128
Current Estimated Value
$6,591,069

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,591,069
Avg. Annual Appreciation
17.50%

Purchase Details

Listed on
Jul 9, 2018
Closed on
Apr 5, 2019
Sold by
Citrus Cottage Llc
Bought by
Griswold Alexander H
Seller's Agent
Gary Pohrer
Serhant
Buyer's Agent
Patrick Koenig
Flagler Realty & Development,
List Price
$3,100,000
Sold Price
$2,600,000
Premium/Discount to List
-$500,000
-16.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.83%
Original Mortgage
$1,950,000
Interest Rate
3.15%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Dec 2, 2016
Closed on
Jun 1, 2017
Sold by
Hench Michael A and Hench Sharon B
Bought by
Citrus Cottage Llc
Seller's Agent
Gary Pohrer
SERHANT.
Buyer's Agent
GARY POHRER
THE CORCORAN GROUP 2435
List Price
$1,625,000
Sold Price
$1,625,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.10%

Purchase Details

Closed on
Apr 6, 2000
Sold by
Deitz William A and Deitz Rosalie
Bought by
Hench Michael A and Hench Sharon B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$572,000
Interest Rate
8.34%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 23, 1999
Sold by
Mclarena Eva A
Bought by
Deitz William A and Deitz Rosalie
Source: Public Records

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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
Masterson Michael B $3,000,000 Attorney
Griswold Alexander H $2,600,000 Attorney
Citrus Cottage Llc $1,625,000 Trident Title
Hench Michael A $715,000 --
Deitz William A $464,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Griswold Alexander H $1,950,000
Previous Owner Hench Michael A $600,000
Previous Owner Deitz William A $65,000
Previous Owner Deitz William A $572,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2020 07/15/20 Sold $3,000,000 0.0% $1,210 / Sq Ft
06/12/2020 06/12/20 Pending -- -- --
02/05/2020 02/05/20 For Sale $3,000,000 +15.4% $1,210 / Sq Ft
04/05/2019 04/05/19 Sold $2,600,000 -16.1% $973 / Sq Ft
03/06/2019 03/06/19 Pending -- -- --
07/10/2018 07/10/18 For Sale $3,100,000 +90.8% $1,161 / Sq Ft
06/01/2017 06/01/17 Sold $1,625,000 0.0% $644 / Sq Ft
05/05/2017 05/05/17 Pending -- -- --
12/02/2016 12/02/16 For Sale $1,625,000 -- $644 / 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 $59,436 $3,972,919 -- --
2023 $58,186 $3,857,203 $0 $0
2022 $58,279 $3,744,857 $0 $0
2021 $37,685 $2,265,236 $1,786,164 $479,072
2020 $35,563 $2,139,968 $1,659,746 $480,222
2019 $29,084 $1,672,166 $1,508,860 $163,306
2018 $25,719 $1,521,416 $1,508,860 $12,556
2017 $13,267 $781,979 $0 $0
2016 $12,660 $765,895 $0 $0
2015 $13,088 $760,571 $0 $0
2014 $13,149 $754,535 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 20-293

APN: 50-43-43-03-14-000-0240