NOT LISTED FOR SALE

5000 Old Ocean Blvd Boynton Beach, FL 33435

Estimated Value: $3,588,242 - $4,501,000

4 Beds
3.5 Baths
3,977 Sq Ft
$1,027/Sq Ft Est. Value

Last Sold June 19, 2012

Last sale price $1,200,000 $302 Per Sq Ft

Est. 240% increase in value since last sale

Current estimated payment $22,998/month

347 Days on Market

Highlights

  • Ocean View
  • Roman Tub
  • Loft
  • Private Pool
  • Wood Flooring
  • Sun or Florida Room

About This Home

As of June 2012

Completely renovated and customized beach residence located directly across the street from the ocean on Old Ocean Boulevard, one of the most sought after streets in Ocean Ridge. This property has been renovated to perfection inside and out and provides pristine views of the Atlantic Ocean. Interior features include impact windows, beautiful polished slate and wood-flooring. The stunning gourmet chef's kitchen features Subzero refrigerator/freezer, wine cooler, Sharp under-counter microwave, Thermadore double convection oven, Wolf Induction cook-top, grill-top, custom countertops and cabinetry. Stereo and internet wired throughout. First floor features one guest bedroom with custom full bath. Second floor features two guest bedrooms, expansive second f... (see supplement for full remarks)

Last Agent to Sell the Property

NICHOLAS MALINOSKY

Douglas Elliman License #3103961 Listed on: 06/07/2011

Douglas Elliman

Co-Listed By

Randolph Ely

Douglas Elliman License #563399

Last Buyer's Agent

Jennifer Sommers

One Sotheby's International Realty License #3238576

One Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $18,276

Year Built

  • Built in 1982

Lot Details

  • North Facing Home
  • Property is zoned RMM

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Frame Construction
  • Metal Roof

Interior Spaces

  • 3,977 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • Entrance Foyer
  • Family Room
  • Open Floorplan
  • Formal Dining Room
  • Loft
  • Sun or Florida Room
  • Ocean Views
  • Home Security System

Kitchen

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

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • Stacked Bedrooms
  • Walk-In Closet
  • Dual Sinks
  • Roman Tub
  • Jettted Tub and Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Pool

  • Private Pool

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • Palm Beach Shore Acres Subdivision

Listing and Financial Details

  • Assessor Parcel Number 46434534050010440

Home Details

Home Type

Single Family

Est. Annual Taxes

$18,276

Year Built

Built in 1982

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Woolbright east to Old Ocean Blvd, south to property
  • Year Built: 1982
  • Special Features: None

Interior Features

  • Interior Amenities: Dining Area, Separate/Formal Dining Room, Dual Sinks, Entrance Foyer, Family/Dining Room, Fireplace, Garden Tub/Roman Tub, Jetted Tub, Living/Dining Room, Split Bedrooms, Separate Shower, Stacked Bedrooms, Walk-In Closet(s), Loft
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Electric Range, Disposal, Ice Maker, Microwave, Refrigerator, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood, Wood
  • Living Area: 3977.0
  • Dining Room Type: Family Room, Florida Room, Loft
  • Stories: 2

Exterior Features

  • View: Ocean
  • Pool Features: Pool
  • Pool Private: Yes
  • View: Yes
  • Waterfront: No
  • Construction Type: Frame
  • Direction Faces: North
  • Roof: Metal

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 System
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Cable Available, Electricity Available

Condo/Co-op/Association

  • Senior Community: No
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 46434534050010440
  • Zoning Description: RMM

Tax Info

  • Tax Year: 2010
  • Tax Annual Amount: 18276.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 24, 2023
Sold by
Musacchio Joseph and Musacchio Elzbieta Maria
Bought by
Musacchio Joseph and Molczan Elzbieta Maria
Current Estimated Value
$4,085,061

Purchase Details

Listed on
Jun 7, 2011
Closed on
Jun 19, 2012
Sold by
Kotlar Properties Llc
Bought by
Musacchio Joseph
Seller's Agent
NICHOLAS MALINOSKY
Douglas Elliman
Buyer's Agent
Jennifer Sommers
One Sotheby's International Realty
List Price
$2,395,000
Sold Price
$1,200,000
Premium/Discount to List
-$1,195,000
-49.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.42%
Original Mortgage
$417,000
Interest Rate
3.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 30, 2003
Sold by
Vilmar Louise P and Vilamar Francis C
Bought by
Kotlar Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 7, 1998
Sold by
Chase Bank Of Texas
Bought by
Vilmar Louiz F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 25, 1997
Sold by
Clerk Of The Court
Bought by
Texas Commerce Bank

Purchase Details

Closed on
Mar 15, 1996
Sold by
Connell Daniel J O
Bought by
Connell Deborah O
Source: Public Records
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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
Musacchio Joseph -- None Listed On Document
Musacchio Joseph $1,200,000 Attorney
Kotlar Properties Llc $936,000 --
Vilmar Louiz F $430,000 --
Texas Commerce Bank $660,100 --
Connell Deborah O $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Musacchio Joseph $417,000
Previous Owner Kotlar Properties Llc $700,000
Previous Owner Connell Deborah O $50,000
Previous Owner Connell Deborah O $270,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/19/2012 06/19/12 Sold $1,200,000 -49.9% $302 / Sq Ft
05/20/2012 05/20/12 Pending -- -- --
06/07/2011 06/07/11 For Sale $2,395,000 -- $602 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

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
2025 $22,176 $1,284,116 -- --
2024 $22,176 $1,247,926 -- --
2023 $21,678 $1,211,579 $0 $0
2022 $21,611 $1,176,290 $0 $0
2021 $21,547 $1,142,029 $0 $0
2020 $21,261 $1,126,261 $0 $0
2019 $21,211 $1,100,939 $0 $0
2018 $20,022 $1,080,411 $0 $0
2017 $21,423 $1,142,769 $0 $0
2016 $21,596 $1,119,264 $0 $0
2015 $19,702 $994,304 $0 $0
2014 $19,742 $986,413 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R3202694

BeachesMLS (Greater Fort Lauderdale)

APN: 46-43-45-34-05-001-0440