NOT LISTED FOR SALE

Estimated Value: $6,325,000 - $11,057,827

1.6 Acres
$5,432,134 Price per Acre
69,696 Sq Ft Lot

Last Sold April 19, 2017

Last sale price $3,800,000

Est. 129% increase in value since last sale

Current estimated payment $58,114/month

158 Days on Market

Highlights

  • Property has ocean access
  • Home fronts navigable water
  • 1.6 Acre Lot
  • Limestone Creek Elementary School Rated A-
  • River View
  • Landscaped with Trees

About This Lot

As of April 2017

Spectacular Riverfront Lot located in prestigious ''Estates of Pennock Point'', the premiere neighborhood on the Loxahatchee River. The 6 lot subdivision is the ''Crown Jewel'' of the Loxahatchee River! This desirable, gated lot is 1.6 Acres with 160' of direct River frontage with desirable SE exposure. It comes equipped with seawall and the dock permits are in place. If you are looking for the best of the best to build your dream home, look no further, the ''Estates of Pennock'' is that location!

Last Listed By

Jaye Parker

MMLS Assoc.-Inactive Member License #0552244 Listed on: 09/27/2016

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $46,685

Year Built

  • 2019

Lot Details

  • 1.6 Acre Lot
  • Lot Dimensions are 100x642
  • Home fronts navigable water
  • River Front
  • Northwest Facing Home
  • Cleared Lot
  • Landscaped with Trees

HOA Fees

  • $667 Monthly HOA Fees

Additional Features

  • River Views
  • West of U.S. Route 1

Listing and Financial Details

  • Assessor Parcel Number 00424035230000060

Community Details

Overview

  • Estates Of Pennock Point Subdivision

Recreation

  • Property has ocean access
  • Seawall

Property Details

Property Type

Land

Est. Annual Taxes

$46,685

Year Built

2019

Lot Details

0

HOA Fees

$667 per month

Listing Details

  • Property Type: Land/Boat Docks
  • Property Sub Type: Single Family Residence
  • Co List Office Mls Id: WPRG01
  • Co List Office Phone: 561-747-3377
  • Directions: Center Street, turn onto Loxahatchee River Road. Follow north approximately 1/4 mile turning right onto Pennock Point Road. Follow to lot on right. Look for sign!
  • Horses: No
  • Lot Size Acres: 1.6
  • Lot Size: 100x642
  • New Construction: No
  • Road Frontage Type: County Road, Public Road
  • Structure Type: House
  • Subdivision Name: Estates of Pennock Point
  • Special Features: None
  • Year Built (Public Record): 2019

Exterior Features

  • View: River, River View
  • Direction Faces: Northwest
  • Lot Features: County Location, Sand, West Of US 1, Cleared Land
  • Pool Private: No
  • View: Yes
  • Waterfront Features: WF/No Ocean Access, Navigable Water, Ocean Access, River, Seawall
  • Waterfront: Yes

Condo/Co-op/Association

  • Association Fee: 667
  • Association Fee Frequency: Monthly
  • Association: No
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Parcel Number: 00424035230000060
  • Additional Parcels: No
  • Current Use: Residential
  • Development Status: Recorded Plat
  • Lot Size Sq Ft: 69115
  • Zoning: Res
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 46685

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2016
Closed on
Apr 19, 2017
Sold by
Kidder M Kieren and Kidder Jennifer L
Bought by
Bohler Ludwig H
Seller's Agent
Jaye Parker
MMLS Assoc.-Inactive Member
List Price
$4,500,000
Sold Price
$3,800,000
Premium/Discount to List
-$700,000
-15.56%
Total Days on Market
158
Current Estimated Value
$8,691,414

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,891,414
Avg. Annual Appreciation
11.73%

Purchase Details

Listed on
Aug 26, 2010
Closed on
Aug 14, 2014
Sold by
Lexington Sdre Llc
Bought by
Kidder M Kieran
Seller's Agent
Jaye Parker
Water Pointe Realty Group
Buyer's Agent
Jaye Parker
Water Pointe Realty Group
List Price
$3,195,000
Sold Price
$2,650,000
Premium/Discount to List
-$545,000
-17.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.40%
Original Mortgage
$2,750,000
Interest Rate
1.88%
Mortgage Type
Balloon

Purchase Details

Closed on
Feb 10, 2005
Sold by
Zecca Christopher E and Zecca Christina
Bought by
Lexington Sdre Llc

Purchase Details

Closed on
Jan 29, 2004
Sold by
Martin Robert B and Martin Robin K
Bought by
Zecca Christopher E

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
Bohler Ludwig H $3,800,000 Attorney
Kidder M Kieran $2,650,000 Attorney
Lexington Sdre Llc $2,800,000 --
Zecca Christopher E $1,925,000 All Florida Land Title Co
Martin Robert B -- All Florida Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kidder Martin Kieran $2,750,000
Previous Owner Zecca Christopher E $800,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/19/2017 04/19/17 Sold $3,800,000 -15.6% --
03/04/2017 03/04/17 Pending -- -- --
09/27/2016 09/27/16 For Sale $4,500,000 +69.8% --
08/15/2014 08/15/14 Sold $2,650,000 -17.1% --
07/16/2014 07/16/14 Pending -- -- --
08/26/2010 08/26/10 For Sale $3,195,000 -- --
Source: MIAMI REALTORS® MLS

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 $111,130 $6,807,968 -- --
2023 $108,816 $6,609,678 $0 $0
2022 $108,361 $6,417,163 $0 $0
2021 $108,516 $6,230,255 $0 $0
2020 $108,067 $6,144,236 $3,300,000 $2,844,236
2019 $59,801 $3,349,400 $3,300,000 $49,400
2018 $56,722 $3,276,000 $3,276,000 $0
2017 $51,572 $3,276,000 $3,276,000 $0
2016 $46,482 $2,465,311 $0 $0
2015 $41,945 $2,241,192 $0 $0
2014 $33,203 $1,651,663 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: R10270816

MIAMI REALTORS® MLS

APN: 00-42-40-35-23-000-0060