NOT LISTED FOR SALE

531 Palm Way Delray Beach, FL 33483

Gulfstream Neighborhood

Estimated Value: $5,223,000 - $6,711,000

4 Beds
3 Baths
3,927 Sq Ft
$1,470/Sq Ft Est. Value

Last Sold July 20, 2012

Last sale price $2,200,000 $560 Per Sq Ft

Est. 162% increase in value since last sale

Current estimated payment $34,670/month

55 Days on Market

Highlights

  • Private Pool
  • Wood Flooring
  • Fireplace
  • Waterfront
  • Sun or Florida Room
  • In-Law or Guest Suite

About This Home

As of July 2012

Polo Cove is Gulf Stream's most coveted treasure, truly extraordinary. The cove provides an estuary for both fish and fowl with direct access to the intercoastal.** Cont'd in Addenda ** This home offers a gracious lifestyle including seperate accomodations for live-in. The master bedroom area has a lovely sense of privacy from the living areas with perfect views of the cove. It has his and her bathrooms seperated by a large shared dressing room. The floor plan is great for every day living and terrific for entertaining.** Subject to errors, ommissions and changes without notice. All measurements are approximate and should be verified **

Last Agent to Sell the Property

Barbara Heiss

Bellaggio Real Estate Group License #3252400 Listed on: 04/25/2012

Last Buyer's Agent

Veronica Cudmore

VLC Property Group, Inc License #3124306

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,678

Year Built

  • Built in 1963

Lot Details

  • Waterfront
  • Property is zoned Rs

HOA Fees

  • $50 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Garage Door Opener

Interior Spaces

  • 3,927 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Built-In Features
  • Bar
  • Fireplace
  • Entrance Foyer
  • Sun or Florida Room
  • Fire and Smoke Detector

Kitchen

  • Built-In Oven
  • Electric Range
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • In-Law or Guest Suite
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer
  • Laundry Tub

Outdoor Features

  • Private Pool
  • Seawall

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Electric Water Heater
  • Septic Tank
  • Cable TV Available

Community Details

  • Polo Cove Subdivision

Listing and Financial Details

  • Assessor Parcel Number 20434603020000180

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,678

Year Built

Built in 1963

Lot Details

0

HOA Fees

$50 per month

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: North of Delray on A1A, Left on Golfview Dr. Right on Polo. Left on Palm Wa
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Interior Amenities: Wet Bar, Built-in Features, Entrance Foyer, Fireplace, Split Bedrooms, Bar, Walk-In Closet(s)
  • Appliances: Built-In Oven, Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Ice Maker, Refrigerator, Washer
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace: Yes
  • Flooring: Carpet, Ceramic Tile, Wood
  • Living Area: 3927.0
  • Dining Room Type: Florida Room, In-Law Suite
  • Stories: 2

Exterior Features

  • Pool Features: Pool
  • Pool Private: Yes
  • Waterfront Features: Seawall
  • Waterfront: Yes
  • Construction Type: Block

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Garage Yn: Yes
  • Parking Features: Garage Door Opener

Utilities

  • Laundry Features: Laundry Tub
  • Security: Smoke Detector(s)
  • Cooling: Central Air, Zoned
  • Cooling Y N: Yes
  • Heating: Central, Zoned
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Cable Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 50.0
  • Senior Community: No
  • Amenities: Other
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 20434603020000180
  • Zoning Description: Rs

Tax Info

  • Tax Year: 2010
  • Tax Annual Amount: 17678.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 24, 2024
Sold by
Connelly Martha L and Walker Martha L
Bought by
Walker Martha L and Connelly Martha L
Current Estimated Value
$5,771,482

Purchase Details

Closed on
Sep 21, 2015
Sold by
Cudmore Terence and Cudmore Julie
Bought by
Walker Martha L and Martha L Connelly Revocable Trust

Purchase Details

Listed on
Apr 25, 2012
Closed on
Jul 18, 2012
Sold by
Roasch Leslie and Conway Carter
Bought by
Cudmore Terence
Seller's Agent
Barbara Heiss
Bellaggio Real Estate Group
Buyer's Agent
Veronica Cudmore
VLC Property Group, Inc
List Price
$2,420,000
Sold Price
$2,200,000
Premium/Discount to List
-$220,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.57%
Original Mortgage
$999,000
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Apr 25, 2012
Closed on
Jul 3, 2012
Sold by
Mcshane Aloyse
Bought by
Cudmore Terence
Seller's Agent
Barbara Heiss
Bellaggio Real Estate Group
Buyer's Agent
Veronica Cudmore
VLC Property Group, Inc
List Price
$2,420,000
Sold Price
$2,200,000
Premium/Discount to List
-$220,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$999,000
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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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
Walker Martha L -- None Listed On Document
Walker Martha L -- None Listed On Document
Walker Martha L $3,750,000 Attorney
Cudmore Terence $2,200,000 Attorney
Cudmore Terence -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cudmore Terence R $500,000
Previous Owner Cudmore Terence $999,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2012 07/20/12 Sold $2,200,000 -9.1% $560 / Sq Ft
06/20/2012 06/20/12 Pending -- -- --
04/25/2012 04/25/12 For Sale $2,420,000 -- $616 / 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 $36,245 $2,302,941 -- --
2023 $35,485 $2,235,865 $0 $0
2022 $35,285 $2,170,743 $0 $0
2021 $35,330 $2,107,517 $0 $0
2020 $35,352 $2,078,419 $0 $0
2019 $35,172 $2,031,690 $0 $0
2018 $33,796 $1,993,808 $0 $0
2017 $34,236 $1,952,799 $0 $0
2016 $34,656 $1,912,634 $0 $0
2015 $35,342 $1,840,633 $0 $0
2014 $33,198 $1,811,414 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2012

    Barbara Heiss

    Bellaggio Real Estate Group

  • V

    Buyer's Agent in 2012

    Veronica Cudmore

    VLC Property Group, Inc

    (561) 985-0151

    2 Total Sales

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Map

Source: BeachesMLS

MLS Number: R3277016

BeachesMLS

APN: 20-43-46-03-02-000-0180

Florida Palm Beach County Delray Beach 33483 Gulfstream

531 Palm Way, Delray Beach, FL

This home is located at 531 Palm Way, Delray Beach, FL 33483 since 25 April 2012 and is currently estimated at $5,771,482, approximately $1,469 per square foot. This property was built in 1963. 531 Palm Way is a home located in Palm Beach County with nearby schools including Plumosa School of the Arts, Carver 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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