Seller's Agent in 2022
William Shearouse
United Realty Group, Inc
(561) 723-5888
1 in this area
61 Total Sales
303 Lang Rd West Palm Beach, FL 33406
Glen Ridge NeighborhoodEstimated Value: $728,000 - $1,031,000
4
Beds
4
Baths
2,361
Sq Ft
$397/Sq Ft
Est. Value
Highlights
- Lake Front
- Deck
- Open Patio
- 24,619 Sq Ft lot
- Porch
- Shed
About This Home
As of October 2022Step into the pages of Southern Living Magazine. This beutiful estate includes 2 homes. The first home is 4/3 with a charming loft bedroom and the second home (mother in-law cottage) is 3/1 at 873 sq feet and is currently fetching $24,000.00 a year enough to cover all of your expenses or turn it into an Air B&B and earn over $70,000.00 a year. The 2nd home has its own entrance and lots of parking. The charming landscaping is enhanced by custom lighting. Brand new roofs on both homes.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,134
Year Built
- Built in 1945
Lot Details
- 0.57 Acre Lot
- Lake Front
Home Design
- Duplex
- Frame Construction
- Shingle Roof
- Composition Roof
Interior Spaces
- 2,361 Sq Ft Home
- 2-Story Property
- Laminate Flooring
- Lake Views
Outdoor Features
- Deck
- Open Patio
- Shed
- Porch
Utilities
- Central Heating and Cooling System
- Septic Tank
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 10434405010060012
Community Details
Overview
- 2 Units
- Cloud Lake Subdivision
Building Details
- Operating Expense $4,500
- Net Operating Income $49,500
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 11, 2022
Closed on
Nov 17, 2022
Sold by
Morgenstern Jacob
Bought by
Palm Harbor Estate Llc
Seller's Agent
William Shearouse
United Realty Group, Inc
Buyer's Agent
Luke Gorkofsky
Inactive member
List Price
$1,200,000
Sold Price
$925,000
Premium/Discount to List
-$275,000
-22.92%
Total Days on Market
42
Views
40
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,389
Avg. Annual Appreciation
0.48%
Original Mortgage
$647,500
Interest Rate
7.6%
Mortgage Type
New Conventional
Purchase Details
Listed on
Aug 11, 2022
Closed on
Oct 21, 2022
Sold by
Erisey Dennis R and Erisey Frances C
Bought by
Morgenstern Jacob and Treitel Eli
Seller's Agent
William Shearouse
United Realty Group, Inc
Buyer's Agent
Luke Gorkofsky
Inactive member
List Price
$1,200,000
Sold Price
$925,000
Premium/Discount to List
-$275,000
-22.92%
Views
40
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$647,500
Interest Rate
7.6%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 2, 2015
Sold by
Erisey Dennis R and Erisey Frances C
Bought by
Erisey Dennis R and Erisey Frances C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,697
Interest Rate
3.94%
Mortgage Type
FHA
Purchase Details
Closed on
Aug 28, 2012
Sold by
Erisey Dennis R and Erisey Donna J
Bought by
Erisey Dennis R and Erisey Donna J
Purchase Details
Closed on
Oct 26, 2007
Sold by
Erisey Dennis R and Erisey Stacey Knight
Bought by
The Erisey Trust
Purchase Details
Closed on
Jun 29, 1999
Sold by
American Home Alliance Partners
Bought by
Erisey Dennis R and Erisey Stacey K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,600
Interest Rate
7.13%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 21, 1999
Sold by
Thomas Ivor and Thomas Marcia
Bought by
American Home Alliance Partners Of
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,600
Interest Rate
7.13%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 26, 1995
Sold by
Cornwall Richard G and Weed Merle M
Bought by
Thomas Ivor and Thomas Marcia
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000
Interest Rate
8.22%
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Palm Harbor Estate Llc | -- | -- | |
| Morgenstern Jacob | $925,000 | First American Title | |
| Erisey Dennis R | -- | American Title Services Inc | |
| Erisey Dennis R | -- | American Title Services Inc | |
| Erisey Dennis R | $60,000 | None Available | |
| The Erisey Trust | -- | Attorney | |
| The Erisey Trust | -- | Attorney | |
| Erisey Dennis R | $137,000 | -- | |
| American Home Alliance Partners Of | $100 | -- | |
| Thomas Ivor | $70,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Morgenstern Jacob | $647,500 | |
| Previous Owner | Erisey Frances C | $50,000 | |
| Previous Owner | Erisey Dennis R | $191,697 | |
| Previous Owner | Erisey Dennis R | $85,000 | |
| Previous Owner | Erisey Dennis R | $138,400 | |
| Previous Owner | American Home Alliance Partners Of | $109,600 | |
| Previous Owner | Thomas Ivor | $10,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/27/2022 10/27/22 | Sold | $925,000 | -22.9% | $392 / Sq Ft |
| 09/23/2022 09/23/22 | Pending | -- | -- | -- |
| 08/11/2022 08/11/22 | For Sale | $1,200,000 | -- | $508 / Sq Ft |
Source: BeachesMLS
Tax History Compared to Growth
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 | $11,757 | $698,525 | -- | -- |
| 2023 | $11,500 | $677,501 | $238,571 | $438,930 |
| 2022 | $5,803 | $302,579 | $0 | $0 |
| 2021 | $5,134 | $275,072 | $101,619 | $173,453 |
| 2020 | $4,639 | $232,298 | $80,000 | $152,298 |
| 2019 | $4,865 | $235,639 | $80,000 | $155,639 |
| 2018 | $4,453 | $225,278 | $79,765 | $145,513 |
| 2017 | $4,068 | $188,860 | $61,358 | $127,502 |
| 2016 | $3,841 | $166,355 | $0 | $0 |
| 2015 | $2,768 | $130,961 | $0 | $0 |
| 2014 | $2,424 | $123,888 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
William Shearouse
-
Stacie Shearouse
S
Seller Co-Listing Agent in 2022
Stacie Shearouse
United Realty Group, Inc
(561) 531-8769
1 in this area
48 Total Sales
-
L
Buyer's Agent in 2022
Luke Gorkofsky
Inactive member
Map
Source: BeachesMLS
MLS Number: R10823916
APN: 10-43-44-05-01-006-0012
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