357 N Lake Way Palm Beach, FL 33480
North End Neighborhood
5
Beds
5
Baths
4,130
Sq Ft
0.35
Acres
Highlights
- Gas Heated Pool
- Waterfront
- Bermuda Architecture
- Palm Beach Public School Rated A-
- Marble Flooring
- Lanai
About This Home
As of April 2021Modern Bermuda Estate recently renovated w/impact windows & doors, new kitchen, new lighting, new Carrier A/C, new 1st floor master bath & closets has a wonderful 5BR layout on a 15,269+/- SF parcel. Main rooms open to spacious covered loggia w/seating and dining areas each brightened by new skylights. High ceilings, French doors, tall windows & LR pocket sliders light up the home with an abundance of natural light. Dual-sided gas fireplace in the LR & eat-in kitchen adds to the casually elegant feeling throughout the home. Lovely, large east -facing outdoor space w/heated free-form pool, privacy hedges, separate storage space & attached garage complete this Mid-Town offering. Beach and Lake Trail accesses are at Wells Road. See Agent Remarks for exclusions. DISCLAIMER:
The written and verbal information provided including but not limited to prices, measurements, square footages, lot sizes, calculations and statistics have been obtained and conveyed from third parties such as the applicable Multiple Listing Service, public records as well as other sources. All information including that produced by the Sellers or Listing Company are subject to errors, omissions or changes without notice and should be independently verified by any prospect for the purchase of a Property. The Sellers and Listing Company expressly disclaim any warranty or representation regarding all information. Prospective purchasers' use of this or any written and verbal information is acknowledgement of this disclaimer and that Prospects shall perform their own due diligence. Prospective purchasers shall not rely on any written or verbal information provided when entering a contract for sale and purchase. Some affiliations may not be applicable to certain geographic areas. If your property is currently listed, please do not consider this a solicitation. In the event a Buyer defaults, no commission will be paid to either Broker on the Deposits retained by the Seller. "No Commissions Paid until Title Passes." Copyright 2019 Listing Company. All Rights Reserved.
Last Agent to Sell the Property
Premier Estate Properties, Inc. - Palm Beach License #BK-397290 Listed on: 11/02/2018
Last Buyer's Agent
BURTON MINKOFF
MCCANN COYNER CLARKE
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $63,697
Year Built
- Built in 1951
Lot Details
- 0.35 Acre Lot
- Waterfront
- West Facing Home
- Property is zoned R-B - Low Density Residential, R-B - Low Density
Parking
- 1 Car Attached Garage
Home Design
- Bermuda Architecture
- Tile Roof
- Fiber Cement Roof
- Concrete Block And Stucco Construction
Interior Spaces
- 4,130 Sq Ft Home
- 2-Story Property
- Fireplace
- Sliding Windows
- Dining Area
- Impact Glass
- Eat-In Kitchen
Flooring
- Wood
- Marble
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Bathrooms
Pool
- Gas Heated Pool
- Outdoor Pool
Outdoor Features
- Patio
- Lanai
Utilities
- Central Heating and Cooling System
- Cable TV Available
Community Details
- No Home Owners Association
- Stotesbury Park Subdivision
Listing and Financial Details
- Assessor Parcel Number 50434314060000250
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 29, 2021
Closed on
Apr 29, 2021
Sold by
Evans Laura W and Diack James A
Bought by
Hesse Scott and Hesse Whitney
Seller's Agent
Burt Minkoff
Douglas Elliman
Buyer's Agent
Simon Isaacs
Simon Isaacs Real Estate LLC
List Price
$7,500,000
Sold Price
$7,053,050
Premium/Discount to List
-$446,950
-5.96%
Total Days on Market
438
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
$1,523,917
Avg. Annual Appreciation
4.90%
Original Mortgage
$5,000,000
Interest Rate
2.9%
Mortgage Type
Commercial
Purchase Details
Listed on
Nov 2, 2018
Closed on
Feb 7, 2020
Sold by
Waldin Erik T
Bought by
Evans Laura W and Diack James A
Seller's Agent
JIM McCANN
Premier Estate Properties, Inc. - Palm Beach
Buyer's Agent
BURTON MINKOFF
MCCANN COYNER CLARKE
List Price
$4,453,000
Sold Price
$4,453,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
45.34%
Original Mortgage
$1,750,000
Interest Rate
3%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 18, 2005
Sold by
Waldin Thomas B
Bought by
Waldin Erik T
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
5.8%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Aug 10, 2000
Sold by
Berkman O T
Bought by
Waldin Thomas B
Purchase Details
Closed on
Sep 30, 1994
Sold by
Schrafft Judith W
Bought by
Berkman O T
Similar Homes in Palm Beach, FL
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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $7,053,050 | None Available | |
| Warranty Deed | $4,453,000 | Attorney | |
| Warranty Deed | $1,924,000 | -- | |
| Warranty Deed | $1,535,000 | -- | |
| Warranty Deed | $525,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $5,000,000 | New Conventional | |
| Closed | $5,000,000 | Commercial | |
| Previous Owner | $1,750,000 | New Conventional | |
| Previous Owner | $2,000,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $3,000,000 | Credit Line Revolving |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/30/2021 04/30/21 | Sold | $7,053,050 | -6.0% | $1,746 / Sq Ft |
| 04/29/2021 04/29/21 | For Sale | $7,500,000 | +68.4% | $1,856 / Sq Ft |
| 02/07/2020 02/07/20 | Sold | $4,453,000 | 0.0% | $1,078 / Sq Ft |
| 01/14/2020 01/14/20 | Pending | -- | -- | -- |
| 11/02/2018 11/02/18 | For Sale | $4,453,000 | -- | $1,078 / Sq Ft |
Source: Palm Beach Board of REALTORS®
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 | $96,946 | $6,478,586 | -- | -- |
| 2023 | $94,933 | $6,289,889 | $0 | $0 |
| 2022 | $95,103 | $6,106,688 | $0 | $0 |
| 2021 | $62,580 | $3,823,498 | $0 | $0 |
| 2020 | $61,186 | $3,639,039 | $2,708,499 | $930,540 |
| 2019 | $63,946 | $3,727,147 | $2,471,634 | $1,255,513 |
| 2018 | $58,668 | $3,527,889 | $2,534,617 | $993,272 |
| 2017 | $42,347 | $2,513,129 | $0 | $0 |
| 2016 | $41,824 | $2,461,439 | $0 | $0 |
| 2015 | $43,252 | $2,444,329 | $0 | $0 |
| 2014 | $43,460 | $2,424,930 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Burt Minkoff
Seller's Agent in 2021
Burt Minkoff
Douglas Elliman
9 in this area
65 Total Sales
-
Simon Isaacs
Buyer's Agent in 2021
Simon Isaacs
Simon Isaacs Real Estate LLC
(561) 818-3936
10 in this area
133 Total Sales
-
JIM McCANN
J
Seller's Agent in 2020
JIM McCANN
Premier Estate Properties, Inc. - Palm Beach
(561) 307-1525
31 in this area
79 Total Sales
-
B
Buyer's Agent in 2020
BURTON MINKOFF
MCCANN COYNER CLARKE
Map
Source: Palm Beach Board of REALTORS®
MLS Number: 18-2113
APN: 50-43-43-14-06-000-0250
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