NOT LISTED FOR SALE

Estimated Value: $6,687,000 - $9,461,000

4 Beds
6 Baths
6,032 Sq Ft
$1,318/Sq Ft Est. Value

Last Sold December 03, 2013

Last sale price $3,100,000 $514 Per Sq Ft

Est. 157% increase in value since last sale

Current estimated payment $47,876/month

570 Days on Market

Highlights

  • Boat Ramp
  • Property has ocean access
  • Home Theater
  • Limestone Creek Elementary School Rated A-
  • Home fronts navigable water
  • Gunite Pool

About This Home

As of December 2013

This exquisite Pennock Point Riverfront Estate is reminiscent of vintage Palm Beach, with classic Mizner architecture and design. Almost an acre of lushly landscaped grounds envelop the amazing perfection that lies within this showplace of a home. The impeccable attention to detail is seen at every turn with features such as...Antique Italian entry door, hand crafted Pecky Cypress ceiling treatments, Travertine floors, Hand Scraped Antique Oak floors, two fabulous wood burning fireplaces, with soaring 22 foot ceilings and towering windows which flood the fabulous interiors with light. The spacious Island Kitchen has Viking double ovens and the 6 burner gas range, a farmhouse sink, two bars, a wet bar and a pantry. Some of the exterior features include ... (see supplement for full remarks)

Last Agent to Sell the Property

Robert Thomson

Waterfront Properties & Club C License #0465514 Listed on: 04/11/2012

Last Buyer's Agent

Elaine Edwards

Brown Harris Stevens of PB License #597542

Brown Harris Stevens of PB

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $27,094

Year Built

  • Built in 1997

Lot Details

  • Home fronts navigable water
  • River Front
  • Fenced
  • Sprinkler System
  • Property is zoned Rs

Parking

  • 4 Car Garage
  • Garage Door Opener

Home Design

  • Mediterranean Architecture
  • Barrel Roof Shape

Interior Spaces

  • 6,032 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Central Vacuum
  • Bar
  • High Ceiling
  • Fireplace
  • Family Room
  • Formal Dining Room
  • Home Theater
  • Den
  • River Views

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • Closet Cabinetry
  • Walk-In Closet

Laundry

  • Dryer
  • Washer
  • Laundry Tub

Home Security

  • Home Security System
  • Fire and Smoke Detector

Outdoor Features

  • Gunite Pool
  • Property has ocean access
  • Fixed Bridges
  • Patio
  • Outdoor Grill

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 00424035010000091

Community Details

Overview

  • Pennock Point Subdivision

Recreation

  • Boat Ramp
  • Boating

Home Details

Home Type

Single Family

Est. Annual Taxes

$27,094

Year Built

Built in 1997

Lot Details

0

Parking

4

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Indiantown Rd., N on Center, Left on Lox Riv Rd, Right on Pennock Pt,
  • Year Built: 1997
  • Architectural Style: Mediterranean
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Wet Bar, Closet Cabinetry, Dining Area, Separate/Formal Dining Room, Eat-in Kitchen, Fireplace, High Ceilings, Pantry, Split Bedrooms, Bar, Walk-In Closet(s), Central Vacuum
  • Furnished: Unfurnished
  • Appliances: Built-In Oven, Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Ice Maker, Microwave, Refrigerator, Washer
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace: Yes
  • Flooring: Marble, Wood
  • Living Area: 6032.0
  • Dining Room Type: Den, Family Room, Media Room
  • Stories: 2

Exterior Features

  • Exterior Features: Fence, Outdoor Grill, Patio
  • View: River
  • Lot Features: Sprinklers Automatic
  • Pool Features: Gunite, Pool
  • Pool Private: Yes
  • View: Yes
  • Waterfront Features: Fixed Bridge, Navigable Water, Ocean Access, River Front
  • Waterfront: Yes
  • Construction Type: Block
  • Patio And Porch Features: Patio
  • Roof: Barrel

Garage/Parking

  • Covered Parking Spaces: 4.0
  • Garage Spaces: 4.0
  • Garage Yn: Yes
  • Parking Features: Garage Door Opener

Utilities

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

Condo/Co-op/Association

  • Community Features: Boat Facilities
  • Senior Community: No
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 00424035010000091
  • Zoning Description: Rs

Tax Info

  • Tax Year: 2011
  • Tax Annual Amount: 27094.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2012
Closed on
Dec 3, 2013
Sold by
Peterson Mark H and Peterson Lizabeth B
Bought by
Edwards Stanley S
Seller's Agent
Robert Thomson
Waterfront Properties & Club C
Buyer's Agent
Elaine Edwards
Brown Harris Stevens of PB
List Price
$4,000,000
Sold Price
$3,100,000
Premium/Discount to List
-$900,000
-22.5%
Current Estimated Value
$7,952,466

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,852,466
Avg. Annual Appreciation
7.30%
Original Mortgage
$1,750,000
Outstanding Balance
$510,706
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$6,587,210

Purchase Details

Closed on
Aug 4, 1995
Sold by
Carr Lowell J and Carr Margaret M
Bought by
Peterson Mark H and Peterson Lizabeth B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,800
Interest Rate
7.5%
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
Edwards Stanley S $3,100,000 All Florida Land Title Co
Peterson Mark H $396,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Edwards Stanley S $1,750,000
Previous Owner Peterson Mark H $550,000
Previous Owner Peterson Mark H $150,000
Previous Owner Peterson Mark H $562,000
Previous Owner Peterson Mark H $550,000
Previous Owner Peterson Mark H $316,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/03/2013 12/03/13 Sold $3,100,000 -22.5% $514 / Sq Ft
11/03/2013 11/03/13 Pending -- -- --
04/11/2012 04/11/12 For Sale $4,000,000 -- $663 / 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 $58,566 $3,564,179 -- --
2023 $57,343 $3,460,368 $0 $0
2022 $57,094 $3,359,581 $0 $0
2021 $57,149 $3,261,729 $0 $0
2020 $56,906 $3,216,695 $0 $0
2019 $56,313 $3,144,374 $0 $0
2018 $53,579 $3,085,745 $0 $0
2017 $53,318 $3,022,277 $0 $0
2016 $53,644 $2,960,115 $0 $0
2015 $56,101 $2,911,231 $0 $0
2014 $50,905 $2,646,574 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R3273609

BeachesMLS

APN: 00-42-40-35-01-000-0091