NOT LISTED FOR SALE

44 Cocoanut Row, Unit B510/511 Palm Beach, FL 33480

Estimated Value: $4,529,000 - $5,594,000

3 Beds
3 Baths
1,755 Sq Ft
$1,956/mo HOA Fee

Last Sold June 11, 2012

Last sale price $1,200,000 $684 Per Sq Ft

Est. 335% increase in value since last sale

Current estimated payment $33,582/month

100 Days on Market

Highlights

  • Property fronts an intracoastal waterway
  • Fitness Center
  • Putting Green
  • Palm Beach Public School Rated A-
  • Community Pool
  • Bike Room

About This Home

As of June 2012

All information deemed reliable but not guaranteed and subject to errors and omissions. No commission paid unless/until title passes.

Last Agent to Sell the Property

Cappy Abraham

PB Residential Properties License #3106605 Listed on: 02/01/2012

Last Buyer's Agent

Cappy Abraham

PB Residential Properties License #3106605 Listed on: 02/01/2012

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $14,356

Year Built

  • Built in 1956

Lot Details

  • North Facing Home

HOA Fees

  • $1,956 Monthly HOA Fees

Interior Spaces

  • 1,755 Sq Ft Home
  • Family Room
  • Intercom

Kitchen

  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Open Parking
  • Assigned Parking

Outdoor Features

  • Balcony
  • Open Patio
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Municipal Trash

Listing and Financial Details

  • Assessor Parcel Number 50434322180015100

Community Details

Overview

  • 277 Units
  • Palm Beach Towers Subdivision
  • 6-Story Property

Amenities

  • Laundry Facilities
  • Bike Room

Recreation

  • Putting Green

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$14,356

Year Built

Built in 1956

Lot Details

0

HOA Fees

$1,956 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: East Okeechobee left on Cocoanut Row building less than a mile on left.
  • Year Built: 1956
  • Special Features: None

Interior Features

  • Interior Amenities: Pantry, Intercom
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Electric Range, Disposal, Ice Maker, Microwave, Refrigerator, Washer
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Flooring: Carpet, Ceramic Tile
  • Living Area: 1755.0
  • Dining Room Type: Family Room
  • Stories: 6

Exterior Features

  • Exterior Features: Balcony
  • View: Intercoastal, Water
  • Pool Features: None, Association, Community
  • View: Yes
  • Waterfront Features: Intracoastal Access
  • Waterfront: Yes
  • Construction Type: Block
  • Direction Faces: North
  • Patio And Porch Features: Balcony, Open

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Assigned, Open

Utilities

  • Laundry Features: Common Area
  • Other Equipment: Intercom
  • Green Building Features: Exterior Lighting
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Electricity Available

Condo/Co-op/Association

  • Association Fee: 1956.0
  • Community Features: Fitness, Property Manager On-Site, Pool
  • Senior Community: No
  • Amenities: Bike Storage, Fitness Center, Laundry, Management, Pool, Putting Green(s), Trash
  • Association Fee Frequency: Monthly
  • Pets Allowed: Conditional, No

Lot Info

  • Parcel #: 50434322180015100
  • Zoning Description: RD 1

Tax Info

  • Tax Year: 2011
  • Tax Annual Amount: 14356.0

Multi Family

  • Number Of Units In Community: 277

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 30, 2019
Sold by
Kang Y Michele
Bought by
Steinberg Jonathan I and Steinberg Jill C
Current Estimated Value
$5,225,694

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,160,000
Outstanding Balance
$1,856,285
Interest Rate
2.5%
Mortgage Type
New Conventional
Estimated Equity
$3,369,409

Purchase Details

Closed on
Jan 10, 2019
Sold by
Lowenthal Steven J and Lowenthal Linda R
Bought by
Kang Y Michele

Purchase Details

Listed on
Feb 1, 2012
Closed on
Jun 7, 2012
Sold by
Chasanoff Claire
Bought by
Lowenthal Steven J and Lowenthal Linda R
Seller's Agent
Cappy Abraham
PB Residential Properties
Buyer's Agent
Cappy Abraham
PB Residential Properties
List Price
$1,599,000
Sold Price
$1,200,000
Premium/Discount to List
-$399,000
-24.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.61%

Purchase Details

Closed on
Aug 1, 2003
Sold by
Chasanoff Claire
Bought by
Chasanoff Claire

Purchase Details

Closed on
Sep 6, 2001
Sold by
Chasanoff Claire
Bought by
Chasanoff Claire

Purchase Details

Closed on
Jun 24, 1996
Sold by
Harley Hotels Inc
Bought by
Chasanoff Claire

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
8.21%
Mortgage Type
New Conventional
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
Steinberg Jonathan I $2,950,000 Attorney
Kang Y Michele $2,750,000 Attorney
Lowenthal Steven J $1,200,000 Vista Title Insurance & Guar
Chasanoff Claire -- --
Chasanoff Claire -- --
Chasanoff Claire $75,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Steinberg Jonathan I $2,160,000
Previous Owner Chasanoff Claire $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/11/2012 06/11/12 Sold $1,200,000 -25.0% $684 / Sq Ft
05/12/2012 05/12/12 Pending -- -- --
02/01/2012 02/01/12 For Sale $1,599,000 -- $911 / Sq Ft
Source: BeachesMLS

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 $51,289 $2,928,200 -- --
2023 $45,372 $2,662,000 $0 $3,450,000
2022 $42,379 $2,420,000 $0 $0
2021 $36,032 $2,200,000 $0 $2,200,000
2020 $36,619 $2,200,000 $0 $2,200,000
2019 $26,860 $2,100,000 $0 $2,100,000
2018 $21,338 $1,600,000 $0 $1,600,000
2017 $18,823 $1,300,000 $0 $0
2016 $18,314 $891,000 $0 $0
2015 $14,608 $810,000 $0 $0
2014 $14,798 $810,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2012

    Cappy Abraham

    PB Residential Properties

See All Agents

About This Building

Map

Source: BeachesMLS

MLS Number: R3256610

BeachesMLS

APN: 50-43-43-22-18-001-5100

Florida Palm Beach County Palm Beach 33480

44 Cocoanut Row Unit B510/511, Palm Beach, FL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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