NOT LISTED FOR SALE

Estimated Value: $4,788,000 - $6,096,000

5 Beds
7 Baths
6,384 Sq Ft
$840/Sq Ft Est. Value

Last Sold March 03, 2015

Last sale price $2,700,000 $423 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $35,627/month

28 Days on Market

Highlights

  • Boat Ramp
  • Property has ocean access
  • Gated Community
  • McNab Elementary School Rated A-
  • Private Pool
  • Waterfront

About This Home

As of March 2015

Magnificent Estate Home in Bay Colony. Completely Remodeled! Whole House Generator, New Impact Windows & Doors. 4 New AC Units. Custom Lighting, Onyx, Marble & Limestone Bathrooms. New Wood Floors in Bedrooms. 36x36" Marble Flooring Through-Out. Beautiful Ceiling Details. 36" Sub-Zero Refrigerator & 36" Freezer, Wolf Gas Stove, Double Ovens & Miele Dishwasher. Wine Refrigerator & Ice Maker. Master Bath Kohler DTV System with 11 Full Body Spray Heads and a Large Rain Shower. Santac & Toto. Move in Ready!!

Last Agent to Sell the Property

David Reich

Premier Estate Properties Inc. Listed on: 01/03/2015

Co-Listed By

Barbara Reich

Premier Estate Properties Inc. License #3048924

Last Buyer's Agent

Andy Ziffer

Compass Florida, LLC License #3270495

Compass Florida, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $30,971

Year Built

  • Built in 1990

Lot Details

  • Waterfront
  • North Facing Home
  • Fenced
  • Sprinkler System

HOA Fees

  • $500 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Circular Driveway

Home Design

  • Flat Roof Shape
  • Tile Roof

Interior Spaces

  • 6,384 Sq Ft Home
  • 1-Story Property
  • Central Vacuum
  • Furnished or left unfurnished upon request
  • Built-In Features
  • High Ceiling
  • Ceiling Fan
  • Blinds
  • Great Room
  • Family Room
  • Sitting Room
  • Formal Dining Room
  • Den
  • Canal Views
  • Impact Glass

Kitchen

  • Built-In Self-Cleaning Oven
  • Gas Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • In-Law or Guest Suite

Laundry

  • Dryer
  • Washer
  • Laundry Tub

Pool

  • Private Pool
  • Fence Around Pool
  • Outdoor Shower

Outdoor Features

  • Property has ocean access
  • No Fixed Bridges
  • Canal Access
  • Patio
  • Outdoor Grill

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Water Softener is Owned
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 494307080120

Community Details

Overview

  • Association fees include common areas, maintenance structure, security
  • Bay Colony Subdivision, Custom Floorplan

Recreation

  • Boat Ramp
  • Boating

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$30,971

Year Built

Built in 1990

Lot Details

0

HOA Fees

$500 per month

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: CORNER OF BAYVIEW & CYPRESS CREEK/62ND TO BAY COLONY GUARD GATE. GO STRAIGHT TO THIRD HOUSE ON THE RIGHT.
  • Year Built: 1990
  • Architectural Style: Detached, One Story
  • Carport Y N: No
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: None
  • Stories: 1

Interior Features

  • Interior Amenities: Built-in Features, Bedroom on Main Level, Dining Area, Separate/Formal Dining Room, High Ceilings, Main Level Master, Sitting Area in Master, Walk-In Closet(s), Central Vacuum
  • Private Spa: No
  • Furnished: Negotiable
  • Appliances: Built-In Oven, Dryer, Dishwasher, Electric Water Heater, Disposal, Gas Range, Ice Maker, Microwave, Refrigerator, Water Softener Owned, Self Cleaning Oven, Washer
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Flooring: Marble, Wood
  • Living Area: 6384.0
  • Dining Room Type: Den, Family Room, Great Room, In-Law Suite, Master Bedroom, Sitting Room
  • Window Features: Blinds, Drapes, Impact Glass

Exterior Features

  • Exterior Features: Barbecue, Fence, Security/High Impact Doors, Lighting, Outdoor Grill, Outdoor Shower, Patio
  • View: Canal, Water
  • Lot Features: 1/4 to 1/2 Acre Lot, Sprinklers Automatic
  • Pool Features: Fenced, In Ground, Other, Pool
  • Pool Private: Yes
  • Road Frontage Type: Private Road
  • View: Yes
  • Waterfront Features: Canal Access, Dock Access, No Fixed Bridges, Ocean Access
  • Waterfront: Yes
  • Disclosures: Owner Is Listing Agent
  • Construction Type: Block
  • Direction Faces: North
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Flat, Tile

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Garage Yn: Yes
  • Parking Features: Attached, Circular Driveway, Garage, Paver Block, Garage Door Opener

Utilities

  • Laundry Features: Laundry Tub
  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 1500.0
  • Community Features: Boat Facilities, Gated
  • Senior Community: No
  • Association Fee Frequency: Quarterly
  • Pets Allowed: Size Limit, Yes

Fee Information

  • Association Fee Includes: Common Areas, Maintenance Structure, Security

Lot Info

  • Parcel #: 494307080120

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 30971.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 3, 2015
Closed on
Mar 3, 2015
Sold by
Reich David and Reich Barbara
Bought by
Berman William R and Berman Michelle J
Seller's Agent
David Reich
Premier Estate Properties Inc.
Buyer's Agent
Andy Ziffer
Compass Florida, LLC
List Price
$2,999,900
Sold Price
$2,700,000
Premium/Discount to List
-$299,900
-10%
Current Estimated Value
$5,501,153

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,801,153
Avg. Annual Appreciation
6.99%
Original Mortgage
$2,000,000
Outstanding Balance
$1,557,309
Interest Rate
3.74%
Mortgage Type
New Conventional
Estimated Equity
$3,911,009

Purchase Details

Closed on
Nov 22, 2013
Sold by
Reich David M and Reich Ann Marie
Bought by
Reich Anne Marie

Purchase Details

Closed on
Sep 4, 2012
Sold by
Reich David and Reich Barbara
Bought by
Reich David and Reich Barbara

Purchase Details

Closed on
May 20, 2010
Sold by
Citigroup Trust Delaware Na
Bought by
Reich David

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
4.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 14, 2002
Sold by
544864 Alberta Ltd
Bought by
Porter Mary N

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%

Purchase Details

Closed on
Dec 21, 1993
Sold by
Rangos Alexander W
Bought by
Alberta 544864
Source: Public Records

Range of Values:

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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
Berman William R $2,700,000 Asset Land Title Svcs Llc
Reich Anne Marie -- Attorney
Reich David $478,000 Attorney
Reich David $1,525,000 Asset Land Title Svcs Llc
Porter Mary N $2,250,000 --
Alberta 544864 $1,575,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Berman William R $2,000,000
Previous Owner Reich David $1,000,000
Previous Owner Porter Mary N $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/03/2015 03/03/15 Sold $2,700,000 -10.0% $423 / Sq Ft
02/01/2015 02/01/15 Pending -- -- --
01/03/2015 01/03/15 For Sale $2,999,900 -- $470 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

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
2025 $60,094 $3,322,790 -- --
2024 $59,156 $3,229,150 -- --
2023 $59,156 $3,135,100 $0 $0
2022 $56,491 $3,043,790 $821,080 $2,222,710
2021 $54,264 $2,879,480 $821,080 $2,058,400
2020 $50,516 $2,692,760 $821,080 $1,871,680
2019 $48,946 $2,603,140 $821,080 $1,782,060
2018 $46,478 $2,534,050 $821,080 $1,712,970
2017 $44,011 $2,357,310 $0 $0
2016 $45,754 $2,377,260 $0 $0
2015 $30,656 $1,585,790 $0 $0
2014 $30,971 $1,573,210 $0 $0
2013 -- $1,741,940 $631,600 $1,110,340
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F1321819

BeachesMLS (Greater Fort Lauderdale)

APN: 49-43-07-08-0120