NOT LISTED FOR SALE

502 Palm Trail Delray Beach, FL 33483

Downtown Delray Beach Neighborhood

Estimated Value: $3,672,005 - $5,686,000

5 Beds
4.5 Baths
3,567 Sq Ft
$1,304/Sq Ft Est. Value

Last Sold April 23, 2013

Last sale price $1,100,000 $308 Per Sq Ft

Est. 323% increase in value since last sale

Current estimated payment $28,014/month

388 Days on Market

Highlights

  • Heated Pool
  • Sun or Florida Room
  • Pool View
  • Wood Flooring
  • Corner Lot
  • Skylights

About This Home

As of April 2013

Charming beach cottage with five bedrooms and four and one-half baths. The home has been renovated with new kitchen, cypress ceilings and three fireplaces. Wonderful outdoor entertaining area and fabulous lap pool. Ideally situated close to town and the beach.

Last Agent to Sell the Property

Barbara Whittaker

The Corcoran Group License #188049 Listed on: 02/29/2012

The Corcoran Group

Last Buyer's Agent

Judith Lukens

Premier Estate Properties, Inc License #144773

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,419

Year Built

  • Built in 1940

Lot Details

  • East Facing Home
  • Fenced
  • Corner Lot
  • Sprinkler System
  • Property is zoned R1AA

Home Design

  • Frame Construction

Interior Spaces

  • 3,567 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Bar
  • Skylights
  • Fireplace
  • Awning
  • Family Room
  • Combination Dining and Living Room
  • Sun or Florida Room
  • Pool Views
  • Home Security System

Kitchen

  • Electric Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Split Bedroom Floorplan

Laundry

  • Dryer
  • Washer

Pool

  • Heated Pool

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • Hofman Village Subdivision

Listing and Financial Details

  • Assessor Parcel Number 12434609250020131

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,419

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: George Bush Blvd to Palm Trail, south three blocks on west side.
  • Year Built: 1940
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Wet Bar, Fireplace, Living/Dining Room, Split Bedrooms, Skylights, Bar
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Refrigerator, Washer
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace: Yes
  • Flooring: Carpet, Ceramic Tile, Wood
  • Living Area: 3567.0
  • Dining Room Type: Family Room, Florida Room
  • Stories: 2
  • Window Features: Skylight(s)

Exterior Features

  • Exterior Features: Awning(s), Fence
  • View: Pool
  • Lot Features: Corner Lot, Sprinklers Automatic
  • Pool Features: Heated, Pool
  • Pool Private: Yes
  • Waterfront: No
  • Construction Type: Frame
  • Direction Faces: East

Utilities

  • Security: Security System
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 12434609250020131
  • Zoning Description: R1AA

Tax Info

  • Tax Year: 2011
  • Tax Annual Amount: 16419.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 29, 2012
Closed on
Apr 11, 2013
Sold by
Alexandre Kristin and Alexandre Dewitt Loomis
Bought by
Fried Samuel P and Fried Gigi P
Seller's Agent
Barbara Whittaker
The Corcoran Group
Buyer's Agent
Judith Lukens
Premier Estate Properties, Inc
List Price
$1,400,000
Sold Price
$1,100,000
Premium/Discount to List
-$300,000
-21.43%
Current Estimated Value
$4,651,751

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,551,751
Avg. Annual Appreciation
12.21%

Purchase Details

Closed on
Mar 15, 2005
Sold by
Casey Anita J
Bought by
Alexandre Kristin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.54%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 10, 2004
Sold by
Gleason Susan M
Bought by
Casey Anita J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$712,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 31, 1998
Sold by
Gleason John
Bought by
Gleason Susan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$254,000
Interest Rate
6.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 17, 1997
Sold by
Rolfes Patricia L and Rolfes Frank H
Bought by
Gleason John and Gleason Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
7.55%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Fried Samuel P $1,100,000 Attorney
Alexandre Kristin $1,300,000 Sunbelt Title Agency
Casey Anita J $890,000 Reliable Title Services Inc
Gleason Susan M -- Reliable Title Services Inc
Gleason Susan M $100 --
Gleason John $315,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Alexandre Kristin $1,000,000
Previous Owner Casey Anita J $712,000
Previous Owner Gleason John $165,000
Previous Owner Gleason John $254,000
Previous Owner Gleason John $252,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/23/2013 04/23/13 Sold $1,100,000 -21.4% $308 / Sq Ft
03/24/2013 03/24/13 Pending -- -- --
02/29/2012 02/29/12 For Sale $1,400,000 -- $392 / 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 $43,411 $2,407,157 -- --
2023 $43,734 $2,337,046 $0 $0
2022 $43,611 $2,268,977 $0 $0
2021 $43,835 $2,202,890 $1,089,000 $1,113,890
2020 $38,130 $1,985,223 $990,000 $995,223
2019 $36,460 $1,996,894 $990,000 $1,006,894
2018 $32,029 $1,771,224 $904,816 $866,408
2017 $30,907 $1,782,725 $878,462 $904,263
2016 $28,744 $1,227,867 $0 $0
2015 $24,650 $1,116,243 $0 $0
2014 $22,876 $1,019,513 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2013

    Barbara Whittaker

    The Corcoran Group

    9 Total Sales

    Barbara Whittaker
    Section Image

  • J

    Buyer's Agent in 2013

    Judith Lukens

    Premier Estate Properties, Inc

    (561) 271-6702

    4 in this area

    16 Total Sales

    Judith Lukens
    Section Image
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Map

Source: BeachesMLS

MLS Number: R3263170

BeachesMLS

APN: 12-43-46-09-25-002-0131

Florida Palm Beach County Delray Beach 33483 Downtown Delray Beach

502 Palm Trail, Delray Beach, FL

This home is located at 502 Palm Trail, Delray Beach, FL 33483 since 29 February 2012 and is currently estimated at $4,651,751, approximately $1,304 per square foot. This property was built in 1940. 502 Palm Trail is a home located in Palm Beach County with nearby schools including Plumosa School of the Arts, Carver Community Middle School, and Atlantic High School.

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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