$3,200,000
SOLD OCT 7, 2022

2812 Old Cypress N Palm Beach Gardens, FL 33410

4 Beds
4.5 Baths
3,828 Sq Ft
0.36 Acres

Recently Sold

$836 Per Sq Ft

11% Below List Price

106 Days on Market

Highlights

  • Boat Ramp
  • Property has ocean access
  • Gated Community
  • William T. Dwyer High School Rated A-
  • Saltwater Pool
  • Waterfront

About This Home

As of October 2022

'Palazzo Appartato' is a one of a kind Waterfront Estate in the in Exquisite hidden gem enclave of The Cove. This modern Villa was custom designed by acclaimed architect Manuel Diaz and offers offers a contemporary zen ambiance. Move in Ready, the home is sited on an end lot next to an enchanting Oasis of green space with a pond. Private dock area w/ boat lift overlooks a scenic tropical canal with Intracoastal access. Design elements include an open + airy floor plan with double height entry (awash with sunlight), marble flooring + custom coffered ceilings. An elegant marble fireplace adds charm to the water views of the living and dining room areas, while a long covered veranda with gas fire pit extend these living spaces outside.

Last Agent to Sell the Property

Jennifer Hyland

The Corcoran Group License #3060273 Listed on: 06/04/2022

The Corcoran Group

Co-Listed By

Dan Igo

The Corcoran Group License #3313638

Last Buyer's Agent

Jennifer Hyland

The Corcoran Group License #3060273 Listed on: 06/04/2022

The Corcoran Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $18,140

Year Built

  • Built in 2005

Lot Details

  • 0.36 Acre Lot
  • Waterfront
  • Property is zoned RTS

HOA Fees

  • $1,100 Monthly HOA Fees

Parking

  • 4 Car Attached Garage

Property Views

  • Canal
  • Pool

Home Design

  • Mediterranean Architecture
  • Barrel Roof Shape

Interior Spaces

  • 3,828 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Built-In Features
  • High Ceiling
  • Decorative Fireplace
  • Combination Kitchen and Dining Room
  • Loft
  • Marble Flooring

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan

Laundry

  • Dryer
  • Washer

Home Security

  • Security Gate
  • Impact Glass

Outdoor Features

  • Saltwater Pool
  • Property has ocean access
  • Fixed Bridges
  • Canal Access
  • Patio
  • Outdoor Grill

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Water Purifier
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 00434120200000010

Community Details

Overview

  • Association fees include common areas, ground maintenance, pool(s), trash
  • The Cove Subdivision

Recreation

  • Boat Ramp
  • Boating

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$18,140

Year Built

Built in 2005

Lot Details

0

HOA Fees

$1,100 per month

Parking

4

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Donald Ross to Palmwood, N to Cove Entrance on left.
  • Year Built: 2005
  • Architectural Style: Mediterranean
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Wet Bar, Built-in Features, Fireplace, High Ceilings, Kitchen/Dining Combo, Pantry, Split Bedrooms, Loft
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Electric Water Heater, Gas Range, Microwave, Refrigerator, Water Purifier, Washer
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Decorative
  • Fireplace: Yes
  • Flooring: Marble, Other
  • Living Area: 3828.0
  • Dining Room Type: Loft
  • Stories: 2
  • Window Features: Impact Glass

Exterior Features

  • Exterior Features: Outdoor Grill, Patio
  • View: Canal, Pool
  • Pool Features: Heated, Pool, Salt Water
  • Pool Private: Yes
  • View: Yes
  • Waterfront Features: Canal Access, Fixed Bridge, Ocean Access
  • Waterfront: Yes
  • Construction Type: Block
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Barrel

Garage/Parking

  • Covered Parking Spaces: 4.0
  • Attached Garage: Yes
  • Garage Spaces: 4.0
  • Garage Yn: Yes
  • Parking Features: Attached, Garage, Two or More Spaces

Utilities

  • Security: Security Gate
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Cable Available, Electricity Available, Natural Gas Available

Condo/Co-op/Association

  • Association Fee: 1100.0
  • Community Features: Boat Facilities, Gated, Street Lights
  • Senior Community: No
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Common Areas, Maintenance Grounds, Other, Pool(s), Trash

Lot Info

  • Parcel #: 00434120200000010
  • Lot Size Sq Ft: 15499.0
  • Zoning Description: RTS
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 18140.0

Multi Family

  • Number Of Units In Community: 20

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2022
Closed on
Oct 7, 2022
Sold by
Utzinger Scott and Utzinger Kristin
Bought by
Burke Christine
Seller's Agent
Jennifer Hyland
The Corcoran Group
Buyer's Agent
Jennifer Hyland
The Corcoran Group
List Price
$3,200,000
Sold Price
$3,200,000
Total Days on Market
106
Current Estimated Value
$3,387,350

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$187,350
Avg. Annual Appreciation
2.17%

Purchase Details

Listed on
Jan 24, 2019
Closed on
Jul 8, 2019
Sold by
Ventzek Al and Aloupis Kristen
Bought by
Utzinger Kristin and Utzinger Scott
Seller's Agent
Amine Aghzafi
Raya
Buyer's Agent
Amine Aghzafi
Raya
List Price
$1,650,000
Sold Price
$1,355,000
Premium/Discount to List
-$295,000
-17.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.27%
Original Mortgage
$948,500
Interest Rate
2.95%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 30, 2018
Sold by
Benson James J and Benson Martha M
Bought by
Ventzek Al and Aloupis Kristen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,480,000
Interest Rate
4.5%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 18, 2008
Sold by
Diaz M D Leslie E
Bought by
Ventzek Al and Aloupis Kristen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 29, 2003
Sold by
Bhd I Llc
Bought by
Diaz Md Leslie E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,125,000
Interest Rate
5.72%
Mortgage Type
Construction

Purchase Details

Closed on
Nov 12, 2002
Sold by
Gaeta Ltd Partnership #2
Bought by
Bhd I Llc
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 Type Sale Price Title Company
Warranty Deed $3,200,000 Counselors Title
Warranty Deed $1,355,000 Attorney
Warranty Deed $1,580,000 Attorney
Warranty Deed $1,300,000 None Available
Special Warranty Deed $300,000 --
Special Warranty Deed $275,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,750,000 New Conventional
Previous Owner $948,500 Adjustable Rate Mortgage/ARM
Previous Owner $1,480,000 Future Advance Clause Open End Mortgage
Previous Owner $899,900 New Conventional
Previous Owner $1,000,000 Purchase Money Mortgage
Previous Owner $150,000 Credit Line Revolving
Previous Owner $1,360,000 Unknown
Previous Owner $200,000 Credit Line Revolving
Previous Owner $1,036,000 Fannie Mae Freddie Mac
Previous Owner $149,500 Credit Line Revolving
Previous Owner $75,000 Stand Alone Second
Previous Owner $1,125,000 Construction
Previous Owner $50,000 Balloon
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/07/2022 10/07/22 Sold $3,200,000 0.0% $836 / Sq Ft
10/07/2022 10/07/22 Sold $3,200,000 0.0% $836 / Sq Ft
09/19/2022 09/19/22 Pending -- -- --
08/18/2022 08/18/22 Pending -- -- --
06/23/2022 06/23/22 For Sale $3,200,000 -11.1% $836 / Sq Ft
06/04/2022 06/04/22 For Sale $3,600,000 +165.7% $940 / Sq Ft
07/08/2019 07/08/19 Sold $1,355,000 -17.9% $354 / Sq Ft
06/08/2019 06/08/19 Pending -- -- --
01/24/2019 01/24/19 For Sale $1,650,000 -- $431 / 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 $43,201 $2,612,571 -- --
2023 $43,845 $2,630,066 $1,050,000 $1,580,066
2022 $18,158 $1,086,019 $0 $0
2021 $18,140 $1,054,387 $0 $0
2020 $18,048 $1,039,829 $0 $0
2019 $18,028 $1,026,223 $0 $0
2018 $17,121 $1,007,088 $0 $0
2017 $17,000 $986,374 $0 $0
2016 $17,094 $966,086 $0 $0
2015 $17,453 $954,445 $0 $0
2014 $17,508 $946,870 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10805789

BeachesMLS

APN: 00-43-41-20-20-000-0010