NOT LISTED FOR SALE

Estimated Value: $7,163,000 - $8,874,783

4 Beds
3 Baths
3,260 Sq Ft
$2,378/Sq Ft Est. Value

Last Sold May 13, 2016

Last sale price $2,325,000 $713 Per Sq Ft

Est. 233% increase in value since last sale

Current estimated payment $44,440/month

12 Days on Market

Highlights

  • Outdoor Pool
  • Waterfront
  • Mediterranean Architecture
  • Palm Beach Public School Rated A-
  • Marble Flooring
  • Lanai

About This Home

As of May 2016

In-town Lake Block opportunity. Renovate or build to suit. High ceilings, impact glass, generator, garage, pool, open floor plan. Large lot on wide street just two homes from the water.

Last Agent to Sell the Property

Crissy Poorman

Sotheby's International Realty, Inc. License #SL-3221956 Listed on: 01/14/2016

Sotheby's International Realty, Inc.

Co-Listed By

Mary Boykin

Sotheby's International Realty, Inc. License #561998

Last Buyer's Agent

GARY POHRER

THE CORCORAN GROUP 2435

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $23,580

Year Built

  • Built in 1955

Lot Details

  • 10,019 Sq Ft Lot
  • Waterfront
  • South Facing Home
  • Back Yard Fenced
  • Property is zoned RB

Parking

  • Garage

Home Design

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

Interior Spaces

  • 3,260 Sq Ft Home
  • Dining Room
  • Utility Room
  • Partial Impact Glass

Kitchen

  • Eat-In Kitchen
  • Double Oven
  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Pool
  • Balcony
  • Patio
  • Lanai

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Adams Circle Rep Subdivision

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 50434315010000050

Home Details

Home Type

Single Family

Est. Annual Taxes

$23,580

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.23
  • Lot Size: 104
  • Subdivision Name: Adams Circle Rep
  • Architectural Style: Mediterranean
  • Garage Yn: Yes
  • Year Built: 1955
  • Location Tax Legal:Zoned: RB
  • Location Tax Legal:Homestead Exempt: Yes
  • Location Tax Legal:Taxes2: 23580.0
  • Location Tax Legal:Tax Year2: 2015
  • General Property Description:Living Area: 3260.0
  • 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
  • Appliances Microwave: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • General Property Description:Lot Dim (1): 104
  • Floors:Hardwood: Yes
  • Floors:Marble: Yes
  • WaterSewer:Sewer: Yes
  • General Property Description:Lot SqFt: 10019
  • WaterSewer:City Water: Yes
  • HOA:None: Yes
  • Exposure:South: Yes
  • Windows:Impact Glass-Partial: Yes
  • Roof:Barrel Tile: Yes
  • Style:Mediterranean: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Refrigerator, Range-Electric, Oven-Double, Microwave, Washer, Dryer
  • Total Bedrooms: 4
  • Flooring: Hardwood, Marble, Tile
  • Interior Amenities: Pantry
  • Living Area: 3260.0
  • Window Features: Impact Glass-Partial
  • Other Rooms:Dining Room: Yes
  • Other Rooms:Eat-in Kitchen: Yes
  • Other Rooms:Pantry: Yes
  • Other Rooms:Utility Room: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Range - Electric: Yes
  • Appliances:Oven-Double: Yes

Exterior Features

  • Pool Features: Pool
  • Pool Private: Yes
  • Waterfront Features: No - Waterfront
  • Waterfront: Yes
  • Construction Type: Cement Block/Stucco
  • Exterior Features: Balcony, Patio/Lanai, Fence-Back Wall
  • Roof: Barrel, Other
  • Exterior Features:Balcony: Yes
  • Construction:Cement BlockStucco: Yes
  • Exterior Features:PatioLanai: Yes
  • Exterior Features:Fence - Back Wall: Yes

Utilities

  • Security: Other Security
  • Heating: Central Air, Central Heat
  • Heating Yn: Yes

Lot Info

  • Land Lease Amount Frequency: Yes
  • Lot Size Sq Ft: 10019.0
  • Parcel #: 50434315010000050
  • Zoning: RB
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 23580.0
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 14, 2016
Closed on
Apr 14, 2016
Sold by
Hamby Louis L
Bought by
Weiss Molly J and Munder Adam
Seller's Agent
Crissy Poorman
Sotheby's International Realty, Inc.
Buyer's Agent
GARY POHRER
THE CORCORAN GROUP 2435
List Price
$2,325,000
Sold Price
$2,325,000
Current Estimated Value
$7,753,446

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,428,446
Avg. Annual Appreciation
13.65%
Original Mortgage
$1,743,750
Outstanding Balance
$1,365,429
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$6,388,017

Purchase Details

Closed on
Nov 15, 2007
Sold by
Weiss Howard A and Weiss Molly J
Bought by
Hamby Louis L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,295,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 18, 2004
Sold by
Weiss Howard A and Weiss Molly J
Bought by
Hamby Louis L

Purchase Details

Closed on
Sep 19, 2003
Sold by
Hamby Louis L
Bought by
Weiss Howard A and Weiss Molly J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$435,000
Interest Rate
4.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 1, 2003
Sold by
Weiss Howard A and Weiss Molly J
Bought by
Hamby Louis L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$435,000
Interest Rate
4.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 10, 1999
Sold by
Weiss Howard A and Weiss Molly J
Bought by
Hamby Louis L
Source: Public Records

Range of Values:

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Average Value
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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
Weiss Molly J $2,325,000 Attorney
Hamby Louis L -- Attorney
Weiss Howard A -- Attorney
Hamby Louis L -- --
Weiss Howard A -- --
Hamby Louis L -- --
Hamby Louis L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Weiss Molly J $1,743,750
Previous Owner Weiss Howard A $1,295,000
Previous Owner Weiss Howard A $435,000
Closed Weiss Howard A $125,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/13/2016 05/13/16 Sold $2,325,000 0.0% $713 / Sq Ft
01/26/2016 01/26/16 Pending -- -- --
01/14/2016 01/14/16 For Sale $2,325,000 -- $713 / 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 $38,046 $2,534,463 -- --
2023 $37,220 $2,460,644 $0 $0
2022 $37,270 $2,388,975 $0 $0
2021 $37,924 $2,319,393 $0 $0
2020 $37,995 $2,287,370 $0 $0
2019 $37,917 $2,235,943 $0 $0
2018 $36,033 $2,194,252 $0 $0
2017 $38,220 $2,240,211 $1,892,292 $347,919
2016 $22,805 $1,355,678 $0 $0
2015 $23,580 $1,346,254 $0 $0
2014 $23,693 $1,335,569 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 16-130

APN: 50-43-43-15-01-000-0050