NOT LISTED FOR SALE

Estimated Value: $5,867,000 - $8,185,000

5 Beds
6 Baths
6,888 Sq Ft
$1,013/Sq Ft Est. Value

Last Sold June 30, 2015

Last sale price $3,000,000 $436 Per Sq Ft

Est. 133% increase in value since last sale

Current estimated payment $41,434/month

58 Days on Market

Highlights

  • Property has ocean access
  • Home Theater
  • Garage Apartment
  • Limestone Creek Elementary School Rated A-
  • Concrete Pool
  • River View

About This Home

As of June 2015

Beautiful Key West style home in desirable Pennock Point offering amazing wide river views of the Loxahatchee River. This private gated 5 bedroom estate with detached guest house features wood flooring, gourmet kitchen, formal living and dining room, theater room with 100'' screen TV, exercise room, impact glass, full house generator, private dock with 13,000 lb. lift on 100 feet of frontage. All sizes and measurements are approximate

Last Agent to Sell the Property

Robert Thomson

Waterfront Properties & Club C License #0465514 Listed on: 04/02/2015

Last Buyer's Agent

Robert Thomson

Waterfront Properties & Club C License #0465514 Listed on: 04/02/2015

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $36,042

Year Built

  • Built in 2001

Lot Details

  • 0.72 Acre Lot
  • River Front
  • Fenced
  • Interior Lot
  • Sprinkler System
  • Property is zoned RS

Parking

  • 3 Car Detached Garage
  • Garage Apartment
  • Garage Door Opener
  • Circular Driveway
  • Guest Parking
  • On-Street Parking

Home Design

  • Metal Roof

Interior Spaces

  • 6,888 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Central Vacuum
  • Bar
  • Vaulted Ceiling
  • Fireplace
  • Entrance Foyer
  • Great Room
  • Formal Dining Room
  • Home Theater
  • Den
  • Wood Flooring
  • River Views

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Breakfast Bar
  • Built-In Oven
  • Gas Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Split Bedroom Floorplan
  • Closet Cabinetry
  • Walk-In Closet
  • 6 Full Bathrooms
  • Roman Tub

Laundry

  • Laundry Room
  • Laundry in Garage
  • Dryer
  • Washer
  • Laundry Tub

Home Security

  • Home Security System
  • Security Gate
  • Impact Glass
  • Fire and Smoke Detector

Outdoor Features

  • Concrete Pool
  • Property has ocean access
  • Deck
  • Patio
  • Outdoor Grill
  • Wrap Around Porch

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 00424035010000060

Community Details

Overview

  • Pennock Point Subdivision

Recreation

  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$36,042

Year Built

Built in 2001

Lot Details

0

Parking

3

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: North on Loxahatchee River Road - make left on to 2nd entrance of Pennock Point Road - turn right and house is on the left.
  • Year Built: 2001
  • Year Built Details: Resale
  • Special Features: None

Interior Features

  • Interior Amenities: Wet Bar, Breakfast Bar, Breakfast Area, Closet Cabinetry, Dining Area, Separate/Formal Dining Room, Entrance Foyer, Eat-in Kitchen, Fireplace, Garden Tub/Roman Tub, High Ceilings, Pantry, Split Bedrooms, Vaulted Ceiling(s), Bar, Walk-In Closet(s), Central Vacuum
  • Furnished: Unfurnished
  • Appliances: Built-In Oven, Dryer, Dishwasher, Electric Water Heater, Disposal, Gas Range, Ice Maker, Microwave, Refrigerator, Washer
  • Full Bathrooms: 6
  • Total Bedrooms: 5
  • Fireplace: Yes
  • Flooring: Wood
  • Living Area: 6888.0
  • Dining Room Type: Den, Garage Apartment, Great Room, Laundry, Media Room
  • Stories: 2
  • Window Features: Impact Glass

Exterior Features

  • Exterior Features: Deck, Fence, Outdoor Grill, Porch, Patio
  • View: River
  • Lot Features: Interior Lot, Sprinklers Automatic
  • Pool Features: Concrete, Heated, Pool
  • Pool Private: Yes
  • View: Yes
  • Waterfront Features: Ocean Access, River Front
  • Waterfront: Yes
  • Construction Type: Block
  • Other Structures: Garage Apartment
  • Patio And Porch Features: Deck, Patio, Wrap Around
  • Property Condition: Resale
  • Roof: Metal

Garage/Parking

  • Covered Parking Spaces: 3.0
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Garage Yn: Yes
  • Parking Features: Circular Driveway, Driveway, Detached, Garage, Guest, On Street, Two or More Spaces, Garage Door Opener

Utilities

  • Laundry Features: In Garage, Laundry Tub
  • Security: Security System, Security Gate, Smoke Detector(s)
  • Cooling: Central Air, Zoned
  • Cooling Y N: Yes
  • Heating: Central, Zoned
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Amenities: Trail(s)
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 00424035010000060
  • Lot Size Sq Ft: 31500.0
  • Zoning Description: RS
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 36042.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 2, 2015
Closed on
Jun 30, 2015
Sold by
Babbitt Theodore and Cheatham Jessica
Bought by
Nemic Thomas J and Nemic Kimberly G
Seller's Agent
Robert Thomson
Waterfront Properties & Club C
Buyer's Agent
Robert Thomson
Waterfront Properties & Club C
List Price
$3,150,000
Sold Price
$3,000,000
Premium/Discount to List
-$150,000
-4.76%
Current Estimated Value
$6,976,480

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,976,480
Avg. Annual Appreciation
8.56%
Original Mortgage
$2,100,000
Outstanding Balance
$1,608,901
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$5,367,579

Purchase Details

Closed on
Jun 1, 1999
Sold by
Pinsky Mark A
Bought by
Babbitt Theodore and Babbitt Adrianne

Purchase Details

Closed on
Jul 16, 1993
Sold by
Chocolaad Geraldine and Gladwin Ransom F
Bought by
Pinsky Mark Alan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
7.18%
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
Nemic Thomas J $3,000,000 Assured Title Agency
Babbitt Theodore $790,000 --
Pinsky Mark Alan $400,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nemic Thomas J $2,100,000
Previous Owner Pinsky Mark Alan $260,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2015 06/30/15 Sold $3,000,000 -4.8% $436 / Sq Ft
05/31/2015 05/31/15 Pending -- -- --
04/02/2015 04/02/15 For Sale $3,150,000 -- $457 / 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 $53,356 $3,245,479 -- --
2023 $52,240 $3,150,950 $0 $0
2022 $52,011 $3,059,175 $0 $0
2021 $52,057 $2,970,073 $0 $0
2020 $51,833 $2,929,066 $2,000,000 $929,066
2019 $51,324 $2,864,975 $2,000,000 $864,975
2018 $49,438 $2,846,599 $0 $0
2017 $49,193 $2,788,050 $0 $0
2016 $49,492 $2,730,705 $0 $0
2015 $35,926 $1,916,532 $0 $0
2014 -- $1,901,321 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10124494

BeachesMLS

APN: 00-42-40-35-01-000-0060