NOT LISTED FOR SALE

Estimated Value: $761,659 - $791,000

5 Beds
3.5 Baths
2,977 Sq Ft
$261/Sq Ft Est. Value

Last Sold August 03, 2023

Last sale price $700,000 $235 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $5,283/month

79 Days on Market

Highlights

  • Private Pool
  • Gated Community
  • Garden View
  • Banyan Creek Elementary School Rated A-
  • Clubhouse
  • High Ceiling

About This Home

As of August 2023

Welcome to your dream home in the heart of Delray Beach. This magnificent residence at The Colony offers an unparalleled combination of elegance, and comfort. Situated in a highly sought-after location, this property showcases a well thought out spacious floor plan with soaring ceilings. As you approach the property, you are greeted by an inviting entrance that sets the tone for the appeal that awaits inside. Step into the grand foyer and be captivated by the seamless flow and meticulous attention to detail throughout the home. Diagonal ceramic tile floors, high ceilings, and tasteful finishes. The gourmet kitchen features granite countertops, stainless steel appliances including a 2017 smart Fridge,

Last Agent to Sell the Property

David Weinstein

Keller Williams Realty Boca Raton License #3077230 Listed on: 05/15/2023

Keller Williams Realty Boca Raton

Last Buyer's Agent

Elisabeth Mackarey

Re/Max Direct License #3368926

Re/Max Direct

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,810

Year Built

  • Built in 2003

Lot Details

  • 5,009

HOA Fees

  • $250 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Driveway

Property Views

  • Garden
  • Pool

Home Design

  • Concrete Roof

Interior Spaces

  • 2,977 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Ceiling Fan
  • Family Room
  • Formal Dining Room
  • Ceramic Tile Flooring
  • Security Gate

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Private Pool
  • Patio

Schools

  • Banyan Creek Elementary School
  • Carver Community Middle School
  • Atlantic Technical High School

Additional Features

  • Property is zoned PRD
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 12424612200000560

Community Details

Overview

  • Association fees include common areas, recreation facilities
  • The Colony / Winterplace Subdivision

Recreation

  • Community Pool

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,810

Year Built

Built in 2003

Lot Details

0

HOA Fees

$250 per month

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: I95 to West Atlantic Avenue. North (R) on Military Trail. The Colony Gate East (R) on Modern Drive.
  • Year Built: 2003
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Dining Area, Separate/Formal Dining Room, High Ceilings, Kitchen/Dining Combo, Pantry, Split Bedrooms, Separate Shower, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Microwave, Refrigerator, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Flooring: Ceramic Tile
  • Living Area: 2977.0
  • Dining Room Type: Family Room
  • Stories: 2

Exterior Features

  • Exterior Features: Patio
  • View: Garden, Pool
  • Lot Features: < 1/4 Acre
  • Pool Features: Pool, Association, Community
  • Pool Private: Yes
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Concrete

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Garage Yn: Yes
  • Parking Features: Attached, Driveway, Garage

Utilities

  • Security: Security Gate
  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 250.0
  • Community Features: Gated, Pool, Street Lights, Sidewalks
  • Senior Community: No
  • Amenities: Clubhouse, Pool
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Common Areas, Recreation Facilities

Schools

  • Elementary School: Banyan Creek
  • High School: Atlantic Technical
  • Middle Or Junior School: Carver Community

Lot Info

  • Parcel #: 12424612200000560
  • Lot Size: < 1/4 Acre
  • Zoning Description: PRD

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 6810.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2023
Closed on
Aug 1, 2023
Sold by
Chandrashekar Lakshman and Chandrashekar Sangeetha
Bought by
Ribeiro Brian Lee and Ribeiro Sandra M
Seller's Agent
David Weinstein
Keller Williams Realty Boca Raton
Buyer's Agent
Elisabeth Mackarey
Re/Max Direct
List Price
$798,000
Sold Price
$700,000
Premium/Discount to List
-$98,000
-12.28%
Views
195
Current Estimated Value
$777,415

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,415
Avg. Annual Appreciation
4.91%

Purchase Details

Listed on
Apr 11, 2019
Closed on
Sep 27, 2019
Sold by
Ratinetz Steven and Ratnetz Lucy Muthoni Kamau
Bought by
Chandrashekhar Lakshman
Seller's Agent
Keith Barr
ZFC Real Estate LLC
List Price
$499,900
Sold Price
$442,500
Premium/Discount to List
-$57,400
-11.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.69%
Original Mortgage
$242,500
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 21, 2015
Closed on
Apr 1, 2016
Bought by
Ratinetz Steven
Seller's Agent
Michel Schiess
United Realty Group, Inc
Buyer's Agent
Milton Martinez
Sutter & Nugent LLC
List Price
$525,000
Sold Price
$465,000
Premium/Discount to List
-$60,000
-11.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.42%

Purchase Details

Closed on
May 10, 2010
Sold by
Schiess Maria
Bought by
Fipicon Investment & Development Inc

Purchase Details

Closed on
Jul 28, 2003
Sold by
Colony Of Palm Beach Llc
Bought by
Schiess Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage
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
Ribeiro Brian Lee $700,000 None Listed On Document
Chandrashekhar Lakshman $442,500 Attorney
Ratinetz Steven $465,000 --
Fipicon Investment & Development Inc $235,000 None Available
Schiess Maria $357,640 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chandrashekhar Lakshman $242,500
Previous Owner Schiess Maria $260,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/03/2023 08/03/23 Sold $700,000 -3.4% $235 / Sq Ft
06/24/2023 06/24/23 Price Changed $725,000 -3.3% $244 / Sq Ft
05/31/2023 05/31/23 Price Changed $750,000 -6.0% $252 / Sq Ft
05/15/2023 05/15/23 For Sale $798,000 +80.3% $268 / Sq Ft
10/01/2019 10/01/19 Sold $442,500 -11.5% $138 / Sq Ft View Prior Sale
09/01/2019 09/01/19 Pending -- -- --
04/11/2019 04/11/19 For Sale $499,900 +7.5% $156 / Sq Ft
04/15/2016 04/15/16 Sold $465,000 -11.4% $145 / Sq Ft View Prior Sale
03/16/2016 03/16/16 Pending -- -- --
02/21/2015 02/21/15 For Sale $525,000 0.0% $164 / Sq Ft
06/04/2012 06/04/12 For Rent $2,695 +1.7% --
06/04/2012 06/04/12 Rented $2,650 -- --
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 $10,929 $623,810 -- --
2023 $6,892 $389,019 $0 $0
2022 $6,810 $377,688 $0 $0
2021 $6,820 $366,687 $105,000 $261,687
2020 $7,861 $373,720 $0 $373,720
2019 $7,264 $381,792 $0 $381,792
2018 $7,018 $377,584 $0 $0
2017 $6,993 $369,818 $0 $0
2016 $7,953 $364,337 $0 $0
2015 $8,279 $365,002 $0 $0
2014 -- $331,820 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10889978

BeachesMLS

APN: 12-42-46-12-20-000-0560