$2,650,000
SOLD AUG 15, 2014
1.6 Acres
$1,656,250 Price per Acre
69,696 Sq Ft Lot

Recently Sold

17% Below List Price

1,419 Days on Market

Highlights

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

About This Lot

As of April 2017

Southeastern tip of Pennock Point, this 1.6 acre estate lot has the premier southeastern exposure to catch the prevailing breezes of the Loxahatchee River. Seawall and dock permits are in place. The crown jewel of the Loxahatchee offering 172' of water frontage!

Last Agent to Sell the Property

Jaye Parker

Water Pointe Realty Group License #0552244 Listed on: 08/26/2010

Co-Listed By

Mark Eble

Water Pointe Realty Group License #0397250

Last Buyer's Agent

Jaye Parker

Water Pointe Realty Group License #0552244 Listed on: 08/26/2010

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $28,996

Lot Details

  • 1.6 Acre Lot
  • Home fronts navigable water
  • River Front
  • Property fronts a county road
  • West Facing Home
  • Interior Lot
  • Site Plan Filed

HOA Fees

  • $683 Monthly HOA Fees

Property Views

  • River Views

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

$28,996

Lot Details

0

HOA Fees

$683 per month

Listing Details

  • Prop. Type: Land
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Loxahatchee River Rd To Pennock Point Rd; Follow East to the point.
  • Special Features: None

Exterior Features

  • View: River
  • Lot Features: Interior Lot
  • Road Frontage Type: County Road
  • View: Yes
  • Waterfront Features: Navigable Water, Ocean Access, River Front, Seawall
  • Waterfront: Yes
  • Direction Faces: West

Condo/Co-op/Association

  • Association Fee: 683.0
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 00424035230000060
  • Current Use: Single Family
  • Development Status: Site Plan Filed
  • Lot Size Acres: 1.6
  • Lot Size: 100
  • Number Of Lots: 1
  • Zoning Description: Res

Tax Info

  • Tax Year: 2013
  • Tax Annual Amount: 28996.0

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%
Current Estimated Value
$8,788,928

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,988,928
Avg. Annual Appreciation
10.72%

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
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 Type Sale Price Title Company
Warranty Deed $3,800,000 Attorney
Special Warranty Deed $2,650,000 Attorney
Warranty Deed $2,800,000 --
Warranty Deed $1,925,000 All Florida Land Title Co
Warranty Deed -- All Florida Land Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $2,750,000 Balloon
Previous Owner $800,000 Unknown
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: 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 $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: BeachesMLS

MLS Number: R3135202

BeachesMLS

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