$1,010,000
SOLD APR 13, 2018

501 Kay Terrace Boca Raton, FL 33432

4 Beds
3 Baths
2,762 Sq Ft
9,897 Sq Ft Lot

Recently Sold

$366 Per Sq Ft

16% Below List Price

48 Days on Market

Highlights

  • Property fronts an intracoastal waterway
  • Private Pool
  • Circular Driveway
  • Boca Raton Community Middle School Rated A-
  • Wood Flooring
  • Central Heating and Cooling System

About This Home

As of June 2022

IT'S ALL ABOUT THE VIEWS! Incredible waterfront 4 bedoom 3 bath POOL home in Prestigeous Golden Harbour with 80ft water dockage! LARGE OPEN FLOOR PLAN, Circular Driveway 2 car garage, SOARING CEILINGS. THIS IS A UNIQUE SINGLE FAMILY HOME WITH PRIVATE DOCK ON A STRAIGHT & DIRECT CANAL FROM THE INTRACOASTAL WATERWAY! MINUTES FROM THE OCEAN WITH NO FIXED BRIDGES. BEAUTIFUL HEATED POOL, LARGE SUN DECK. FANTASTIC WATERFRONT HOME! THIS IS BOCA LIVING AT ITS BEST.

Last Agent to Sell the Property

Robert Tammaro

City Realty Partners, Inc License #3124066 Listed on: 01/24/2018

Last Buyer's Agent

Chad Scott

City Realty Partners, Inc License #3247193

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,502

Year Built

  • Built in 1972

Lot Details

  • 9,897 Sq Ft Lot
  • Property fronts an intracoastal waterway
  • East Facing Home
  • Fenced
  • Property is zoned R1D

HOA Fees

  • $21 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Circular Driveway

Home Design

  • Barrel Roof Shape

Interior Spaces

  • 2,762 Sq Ft Home
  • 1-Story Property
  • Intracoastal Views
  • Dryer

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Additional Features

  • Private Pool
  • Central Heating and Cooling System

Community Details

  • Golden Harbour Sec 04 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 06434720330020010

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,502

Year Built

Built in 1972

Lot Details

0

HOA Fees

$21 per month

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: MAPQUEST
  • Year Built: 1972
  • Architectural Style: Detached, One Story
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: 5120
  • Stories: 1

Interior Features

  • Interior Amenities: Bedroom on Main Level, First Floor Entry
  • Appliances: Dryer, Dishwasher, Electric Range, Disposal, Microwave
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Flooring: Tile, Wood
  • Living Area: 2762.0
  • Dining Room Type: Other

Exterior Features

  • Exterior Features: Fence
  • View: Intercoastal
  • Lot Features: < 1/4 Acre
  • Pool Features: In Ground, Pool
  • Pool Private: Yes
  • Waterfront Features: Boat Ramp/Lift Access, Intracoastal Access
  • Waterfront: Yes
  • Construction Type: Block
  • Direction Faces: East
  • Property Condition: Resale
  • Roof: Barrel

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Garage Yn: Yes
  • Parking Features: Circular Driveway

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 250.0
  • Community Features: Other
  • Senior Community: No
  • Association Fee Frequency: Annually

Lot Info

  • Parcel #: 06434720330020010
  • Lot Size Sq Ft: 9897.0
  • Zoning Description: R1D
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 17502.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 22, 2021
Closed on
Jun 9, 2022
Sold by
501 Kay Terrace Llc
Bought by
Mark H Peikin Trust
Seller's Agent
Jared Niles
Tangent Realty Corp
List Price
$6,495,000
Sold Price
$6,050,000
Premium/Discount to List
-$445,000
-6.85%
Current Estimated Value
$7,061,241

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,011,241
Avg. Annual Appreciation
3.68%
Original Mortgage
$3,900,000
Outstanding Balance
$3,702,334
Interest Rate
4.13%
Mortgage Type
New Conventional
Estimated Equity
$3,098,485

Purchase Details

Listed on
Jan 24, 2018
Closed on
May 22, 2018
Sold by
Honey Tree Properties Llc
Bought by
501 Kay Terrace Llc
Seller's Agent
Robert Tammaro
City Realty Partners, Inc
Buyer's Agent
Chad Scott
City Realty Partners, Inc
List Price
$1,199,000
Sold Price
$1,010,000
Premium/Discount to List
-$189,000
-15.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
53.46%

Purchase Details

Listed on
Jan 24, 2018
Closed on
Apr 3, 2018
Sold by
The Bank Of New York Mellon
Bought by
Honey Tree Properties Llc
Seller's Agent
Robert Tammaro
City Realty Partners, Inc
Buyer's Agent
Chad Scott
City Realty Partners, Inc
List Price
$1,199,000
Sold Price
$1,010,000
Premium/Discount to List
-$189,000
-15.76%

Purchase Details

Closed on
Dec 12, 2017
Sold by
Dimusto Alexander J and Dimusto Alexander
Bought by
Bank Of New York Mellon and Bank Of New York

Purchase Details

Closed on
Aug 1, 2005
Sold by
Rotinor S A
Bought by
Dimusto Alexander D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$918,750
Interest Rate
1%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 13, 1998
Sold by
Mustain Donald R and Mustain G
Bought by
Rotinor Sa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$404,000
Interest Rate
7.06%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 22, 1997
Sold by
Abromavich Larry J
Bought by
Mustain Ii Donald R and Mustain Ii Michele G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
8.17%
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 Type Sale Price Title Company
Warranty Deed $6,050,000 Florida Select Title
Special Warranty Deed $1,210,000 Florida Select Title Llc
Special Warranty Deed $1,010,000 Landcastle Title Group Llc
Trustee Deed $900,200 Attorney
Warranty Deed $1,225,000 Patch Reef Title Company Inc
Warranty Deed $505,000 --
Warranty Deed $460,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $3,900,000 New Conventional
Previous Owner $85,000 Small Business Administration
Previous Owner $175,700 Small Business Administration
Previous Owner $200,000 Credit Line Revolving
Previous Owner $918,750 Fannie Mae Freddie Mac
Previous Owner $183,650 Credit Line Revolving
Previous Owner $404,000 New Conventional
Previous Owner $300,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2022 06/17/22 Sold $6,050,000 -6.9% $1,257 / Sq Ft
05/18/2022 05/18/22 Pending -- -- --
11/22/2021 11/22/21 For Sale $6,495,000 +543.1% $1,349 / Sq Ft
04/13/2018 04/13/18 Sold $1,010,000 -15.8% $366 / Sq Ft
03/14/2018 03/14/18 Pending -- -- --
01/24/2018 01/24/18 For Sale $1,199,000 -- $434 / 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
2024 $93,751 $5,490,108 -- --
2023 $86,062 $4,995,335 $2,472,525 $2,522,810
2022 $26,504 $1,400,719 $0 $0
2021 $23,262 $1,312,500 $1,312,500 $0
2020 $21,061 $1,180,000 $1,180,000 $0
2019 $19,557 $1,052,381 $1,050,000 $2,381
2018 $19,417 $1,076,110 $1,020,676 $55,434
2017 $17,502 $974,916 $919,528 $55,388
2016 $16,834 $854,930 $0 $0
2015 $15,203 $777,209 $0 $0
2014 $13,982 $706,554 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10104556

BeachesMLS (Greater Fort Lauderdale)

APN: 06-43-47-20-33-002-0010