$1,500,000
SOLD MAY 31, 2018
3 Beds
4 Baths
-- Sq Ft
$3,027/mo HOA Fee

Recently Sold

73 Days on Market

Highlights

  • Doorman
  • Lake Front
  • Home Gym
  • Palm Beach Public School Rated A-
  • Gas Heated Pool
  • Balcony

About This Home

As of May 2022

EXCITING OPPORTUNITY AT PALM BEACH TOWERS! Buy Approximately 3200 Square Feet of Raw Space and Create your Dream Home with Garden, Pool and Lake Views, Near Elevators.

Last Agent to Sell the Property

Cappy Abraham

Palm Beach Residential Properties, LLC License #CQ1021371 Listed on: 02/06/2018

Last Buyer's Agent

Mary Boykin

Sotheby's International Realty, Inc. License #561998

Sotheby's International Realty, Inc.

Property Details

Home Type

  • Condo-Op

Est. Annual Taxes

  • $26,741

Year Built

  • Built in 1956

Lot Details

HOA Fees

  • $3,027 Monthly HOA Fees

Interior Spaces

  • Dining Area
  • Home Gym

Kitchen

  • Single Oven
  • Electric Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms

Home Security

  • Intercom
  • Hurricane or Storm Shutters
  • Fire and Smoke Detector

Parking

  • 2 Parking Spaces
  • Open Parking

Pool

  • Gas Heated Pool
  • Outdoor Pool

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Additional Features

  • Non-Toxic Pest Control
  • Balcony

Listing and Financial Details

  • Assessor Parcel Number 50434322180012110

Community Details

Overview

  • Association fees include insurance, cable TV, common area, maintenance exterior, trash, pest control, sewer, water, (see remarks)
  • 277 Units
  • Pb Towers Community
  • On-Site Maintenance
  • 6-Story Property

Amenities

  • Doorman
  • Common Area
  • Laundry Facilities
  • Elevator

Pet Policy

  • No Pets Allowed

Security

  • Security Guard
  • Resident Manager or Management On Site

Property Details

Home Type

Condo-Op

Est. Annual Taxes

$26,741

Year Built

Built in 1956

Lot Details

0

HOA Fees

$3,027 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Condo/Co-Op
  • Directions: EAST OKEECHOBEE - LEFT ON COCOANUT ROW - BUILDING LESS THAN A MILE ON LEFT.
  • Building Name: PB Towers
  • Year Built: 1956
  • Location Tax Legal:Name of Building: PB Towers
  • Location Tax Legal:Zoned: RD-1
  • Location Tax Legal:Homestead Exempt: No
  • Location Tax Legal:Taxes2: 26741.0
  • Location Tax Legal:Tax Year2: 2017
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: Yes
  • General Property Description:Maintenance Amount: 3026.92
  • General Property Description:Per: Month
  • General Property Description:_pound_ Units in Complex: 277
  • General Property Description:_pound_ Floors: 6.0
  • Waterfront-Unit:Living Room View: Yes
  • Waterfront-Unit:Master Bedroom View: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Security:Door Person: Yes
  • Services Included:Full Time Manager: Yes
  • Maintenance Includes:Common Area: Yes
  • Maintenance Includes:Exterior Bldg: Yes
  • Maintenance Includes:Garbage Pickup: Yes
  • Maintenance Includes:Pest Control: Yes
  • Maintenance Includes:Sewer2: Yes
  • Maintenance Includes:Water2: Yes
  • Pool:Heated - Gas: Yes
  • Laundry:Laundry in Building: Yes
  • Security:Security Guards: Yes
  • Maintenance Includes:Cable TV: Yes
  • Waterfront-Building:Intracoastal-Direct2: Yes
  • Waterfront-Building:Lakefront2: Yes
  • Restrictions:No Pets Allowed: Yes
  • Special Features: None

Interior Features

  • Appliances: Refrigerator, Oven-Single, Range - Electric
  • Total Bedrooms: 3
  • Flooring: Other Flooring
  • Interior Amenities: Cable, Intercom, Smoke Alarms
  • Stories: 6
  • Interior Features:Smoke Alarms: Yes
  • Interior Features:Cable: Yes
  • Appliances:Range - Electric: Yes
  • Other Rooms:Dining Area: Yes
  • Appliances:Oven-Single: Yes
  • Interior Features:Intercom: Yes

Exterior Features

  • Pool Features: Fresh Water, Heated Gas
  • Pool Private: Yes
  • Waterfront Features: Lake Front
  • Waterfront: Yes
  • Exterior Features: Balcony, Storm Shutters- Auto, Elevator, Exercise Room, Lobby
  • Exterior Features:Balcony: Yes
  • Exterior Features:Elevator2: Yes
  • Exterior Features:Exercise Room2: Yes
  • Exterior Features:Lobby: Yes
  • Exterior Features:Storm Shutters- Auto: Yes

Garage/Parking

  • Parking:_two_ Car2: Yes
  • Parking:Open Parking: Yes
  • Parking:Other2: Yes

Utilities

  • Laundry Features: Laundry in Building
  • Security: Security Guards, Door Person
  • Heating: Central Air, Central Heat
  • Heating Yn: Yes

Condo/Co-op/Association

  • Amenities: Full Time Manager, Other Services
  • Association: Yes
  • Pets Allowed: No

Association/Amenities

  • Restrictions:Condo Association: Yes

Fee Information

  • Association Fee Includes: Insurance, Cable TV, Common Area, Maintenance Exterior, Trash, Pest Control, Sewer, Water, Other (See Remarks)

Lot Info

  • Development Status: Land Owned
  • Parcel #: 50434322180012110
  • Zoning: RD-1

Multi Family

  • Number Of Units Total: 277
  • Maintenance Expense: 3026.92

Tax Info

  • Tax Annual Amount: 26741.0
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2022
Closed on
May 16, 2022
Sold by
Terrie Allen Davis 2014 Revocable Trust
Bought by
Aaron Virginia
Seller's Agent
Cappy Abraham
Palm Beach Residential Properties, LLC
Buyer's Agent
Fern Fodiman
Sotheby's International Realty, Inc.
List Price
$6,250,000
Sold Price
$6,250,000
Current Estimated Value
$7,277,744

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,027,744
Avg. Annual Appreciation
4.74%

Purchase Details

Closed on
May 2, 2019
Sold by
Davis Terrie A
Bought by
Terrie Allen Davis 2014 Revocable Trust

Purchase Details

Listed on
Feb 6, 2018
Closed on
May 24, 2018
Sold by
Diamond Anne and Estate Of Morris Mac Schwebel
Bought by
Abraham Cappy and The Cappy Lerman Abraham Trust
Seller's Agent
Cappy Abraham
Palm Beach Residential Properties, LLC
Buyer's Agent
Mary Boykin
Sotheby's International Realty, Inc.
List Price
$1,500,000
Sold Price
$1,500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.34%

Purchase Details

Listed on
Feb 6, 2018
Closed on
May 23, 2018
Sold by
Diamond Anne
Bought by
Davis Terrie A
Seller's Agent
Cappy Abraham
Palm Beach Residential Properties, LLC
Buyer's Agent
Mary Boykin
Sotheby's International Realty, Inc.
List Price
$1,500,000
Sold Price
$1,500,000
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
Deed $6,250,000 Gunster Yoakley & Stewart Pa
Interfamily Deed Transfer -- Attorney
Personal Reps Deed $21,500 Attorney
Special Warranty Deed -- Attorney
Personal Reps Deed -- Attorney
Special Warranty Deed -- Attorney
Personal Reps Deed $1,500,000 Attorney
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2022 05/16/22 Sold $6,250,000 0.0% --
01/26/2022 01/26/22 Pending -- -- --
01/24/2022 01/24/22 For Sale $6,250,000 +316.7% --
05/31/2018 05/31/18 Sold $1,500,000 0.0% --
04/20/2018 04/20/18 Pending -- -- --
02/06/2018 02/06/18 For Sale $1,500,000 -- --
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 $90,248 $5,830,000 -- --
2023 $80,105 $5,300,000 $0 $5,300,000
2022 $46,015 $2,103,580 $0 $0
2021 $35,646 $2,500,000 $0 $2,500,000
2020 $33,883 $2,400,000 $0 $2,400,000
2019 $12,632 $730,000 $0 $730,000
2018 $12,235 $730,000 $0 $730,000
2017 $12,742 $745,000 $0 $0
2016 $12,384 $693,000 $0 $0
2015 $11,383 $630,000 $0 $0
2014 $11,532 $630,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 18-326

APN: 50-43-43-22-18-001-2110