NOT LISTED FOR SALE

502 S Atlantic Dr Lake Worth, FL 33462

Estimated Value: $1,414,939 - $1,976,000

2 Beds
2 Baths
1,708 Sq Ft
$936/Sq Ft Est. Value

Last Sold April 12, 2012

Last sale price $420,000 $246 Per Sq Ft

Est. 281% increase in value since last sale

Current estimated payment $9,286/month

56 Days on Market

Highlights

  • Heated Pool
  • Sun or Florida Room
  • Den
  • Vaulted Ceiling
  • Great Room
  • Circular Driveway

About This Home

As of April 2012

Distintive mid-century modern designed by a noted Palm Beach architect. Property is situatated on oversized corner lot on Hypoluxo Island with mature trees, secluded gardens and pool. Only three blocks to ocean -- with public right-of-way to Intracoastal(sufficient space to launch a small boat) across the street. Byron Simonson, the Palm Beach Architect who designed house, was a protegee of Addison Mizner and designed several outstanding buildings in the area -- including the Colony Hotel in Palm Beach and former La Coquille Club in Manalapan where the Ritz Hotel now stands. House is an example of mid-century modern design that can be updated with architectual integrity. Ample room for an addition onto south side of house. Property may NOT be subdivide... (see supplement for full remarks)

Last Agent to Sell the Property

Patricia Towle

Sotheby's Intl. Realty, Inc. License #3241091 Listed on: 01/16/2012

Sotheby's Intl. Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,643

Year Built

  • Built in 1956

Lot Details

  • Sprinkler System
  • Property is zoned R1a

HOA Fees

  • $4 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Frame Construction
  • Shingle Roof
  • Tar and Gravel Roof
  • Composition Roof

Interior Spaces

  • 1,708 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Vaulted Ceiling
  • Jalousie or louvered window
  • Awning
  • Plantation Shutters
  • Blinds
  • Entrance Foyer
  • Great Room
  • Dining Room
  • Den
  • Sun or Florida Room

Kitchen

  • Built-In Oven
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Slate Flooring
  • Terrazzo

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Stacked Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Detached Garage
  • 2 Carport Spaces
  • Circular Driveway

Outdoor Features

  • Heated Pool
  • Patio

Utilities

  • Central Air
  • Heating Available
  • Gas Water Heater

Community Details

  • Hypoluxo Island Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 40434503010001450

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,643

Year Built

Built in 1956

Lot Details

0

HOA Fees

$4 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Lantana Bridge to So. Hypoluxo Island. Right at fork onto SW Atlantic
  • Year Built: 1956
  • Carport Y N: Yes
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Built-in Features, Entrance Foyer, Stacked Bedrooms, Vaulted Ceiling(s)
  • Furnished: Unfurnished
  • Appliances: Built-In Oven, Dryer, Dishwasher, Electric Water Heater, Disposal, Gas Water Heater, Microwave, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Carpet, Slate, Terrazzo
  • Living Area: 1708.0
  • Dining Room Type: Den, Great Room, Dining Room, Florida Room
  • Stories: 1
  • Window Features: Blinds, Jalousie, Plantation Shutters

Exterior Features

  • Exterior Features: Awning(s), Patio
  • Lot Features: Sprinklers Automatic
  • Pool Features: Heated, Pool
  • Pool Private: Yes
  • Waterfront: No
  • Construction Type: Brick Veneer, Block, Frame
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Composition, Shingle, Tar/Gravel

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Attached Garage: No
  • Carport Spaces: 2.0
  • Garage Yn: Yes
  • Parking Features: Circular Driveway, Detached, Garage

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Utilities: Electricity Available, Natural Gas Available

Condo/Co-op/Association

  • Association Fee: 4.0
  • Senior Community: No
  • Amenities: Other
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 40434503010001450
  • Zoning Description: R1a

Tax Info

  • Tax Year: 2011
  • Tax Annual Amount: 8643.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2012
Closed on
Mar 29, 2012
Sold by
White Jane B
Bought by
Baldassari Kurt and Devlin Virginia
Seller's Agent
Patricia Towle
Sotheby's Intl. Realty, Inc.
List Price
$525,000
Sold Price
$420,000
Premium/Discount to List
-$105,000
-20%
Current Estimated Value
$1,599,485

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,179,485
Avg. Annual Appreciation
10.37%
Original Mortgage
$332,000
Outstanding Balance
$231,682
Interest Rate
4.13%
Mortgage Type
New Conventional
Estimated Equity
$1,367,803

Purchase Details

Closed on
Mar 12, 2007
Sold by
White Jane B and White Jane Beaver
Bought by
White Jane B and The Jane B White Trust
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
Baldassari Kurt -- Citrus Title Ins Agency Inc
Baldassari Kurt $415,000 Citrus Title Ins Agency Inc
White Jane B -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Baldassari Kurt $332,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/12/2012 04/12/12 Sold $420,000 -20.0% $246 / Sq Ft
03/13/2012 03/13/12 Pending -- -- --
01/16/2012 01/16/12 For Sale $525,000 -- $307 / 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 $10,415 $1,021,843 -- --
2023 $20,509 $928,948 $0 $0
2022 $18,513 $844,498 $0 $0
2021 $17,077 $886,120 $725,000 $161,120
2020 $15,063 $699,905 $525,000 $174,905
2019 $14,628 $738,935 $550,000 $188,935
2018 $12,868 $653,613 $516,523 $137,090
2017 $12,357 $668,924 $516,523 $152,401
2016 $11,781 $476,697 $0 $0
2015 $10,670 $433,361 $0 $0
2014 $9,034 $390,112 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2012

    Patricia Towle

    Sotheby's Intl. Realty, Inc.

    (561) 568-9565

    13 in this area

    21 Total Sales

    Patricia Towle
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Map

Source: BeachesMLS

MLS Number: R3252776

BeachesMLS

APN: 40-43-45-03-01-000-1450

Florida Palm Beach County Lake Worth 33462

502 S Atlantic Dr, Lake Worth, 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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