NOT LISTED FOR SALE

541 NE 16th St Boca Raton, FL 33432

Estimated Value: $1,653,000 - $4,841,000

6 Beds
4 Baths
4,262 Sq Ft
$604/Sq Ft Est. Value

Last Sold October 09, 2020

Last sale price $950,000 $223 Per Sq Ft

Est. 171% increase in value since last sale

Current estimated payment $14,898/month

Highlights

  • Private Pool
  • Den
  • Separate Shower in Primary Bathroom
  • Boca Raton Community Middle School Rated A-
  • 2 Car Attached Garage
  • 3-minute walk to Lake Wyman Park

About This Home

As of May 2023

Discover your dream home at 541 NE 16th St in Boca Raton. This impressive single-family home boasts 5 spacious bedrooms, a den/office, and 4 luxurious bathrooms, providing ample space for comfortable living. Perfectly located just a stone's throw away from the beach and Mizner Park/Royal Palm Plaza, this stunning home offers convenient access to some of the best shopping, dining, and entertainment destinations in Boca Raton. Step inside and discover a newly renovated kitchen featuring top-of-the-line Thermador cooktop, JE double ovens, built-in stainless refrigerator, and a large island perfect for gathering and entertaining. One bedroom on the main level could be used as a second primary, offering flexibility and versatility to your living arrangements. The primary upstairs bedroom is a

Last Agent to Rent the Property

Ryan Fulton

The Corcoran Group License #3296930 Listed on: 03/27/2023

The Corcoran Group

Last Renter's Agent

Shera Kaan Lilly

United Realty Group, Inc License #3280621

United Realty Group, Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,043

Year Built

  • Built in 2001

Lot Details

  • Fenced
  • Sprinkler System

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Interior Spaces

  • 4,262 Sq Ft Home
  • Family Room
  • Den
  • Vinyl Flooring

Kitchen

  • Built-In Oven
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet
  • 4 Full Bathrooms
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Additional Features

  • Private Pool
  • Central Heating and Cooling System

Community Details

  • Lake Wyman Shores Subdivision

Listing and Financial Details

  • Property Available on 6/1/23
  • Assessor Parcel Number 06434717080000291

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,043

Year Built

Built in 2001

Lot Details

0

Parking

2

Rental Info

  • Tenant Pays: Exterior Electric, Sewer, Water
  • Available Date: 2023-06-01

Listing Details

  • Prop. Type: Residential Lease
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: PALMETTO PARK RD TO NE 5TH AVE GO NORTH PASS LAKW WYMAN PARK TO 16TH STREET. TURN RIGHT TO HOUSE ON LEFT.
  • Year Built: 2001
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Separate Shower, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Built-In Oven, Dryer, Dishwasher, Disposal, Microwave, Washer
  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Flooring: Vinyl
  • Living Area: 4262.0
  • Dining Room Type: Den, Family Room, Laundry

Exterior Features

  • Exterior Features: Fence
  • Lot Features: Sprinklers Automatic, < 1/4 Acre
  • Pool Features: Pool
  • Pool Private: Yes
  • Waterfront: No
  • Disclosures: Pet on Property

Garage/Parking

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

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Amenities: Other
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 06434717080000291

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2020
Closed on
Oct 9, 2020
Sold by
Clark Brian C and Clark Deanne
Bought by
Polatin Mitchell Klein and Polatin Dominika Agnes
Seller's Agent
Claude Champagne
Champagne & Parisi Real Estate
Buyer's Agent
Ryan Fulton
The Corcoran Group
List Price
$1,100,000
Sold Price
$950,000
Premium/Discount to List
-$150,000
-13.64%
Current Estimated Value
$2,575,124

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,625,124
Avg. Annual Appreciation
21.78%
Original Mortgage
$760,000
Outstanding Balance
$675,979
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,899,145

Purchase Details

Listed on
Jun 9, 2014
Closed on
Jan 12, 2015
Sold by
Adams Crystal
Bought by
Clark Brian C and Clark Deanne
Seller's Agent
Terry Story
Keller Williams Realty Services
Buyer's Agent
Frank Gentile
Compass Florida LLC
List Price
$975,000
Sold Price
$697,500
Premium/Discount to List
-$277,500
-28.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.52%
Original Mortgage
$141,000
Interest Rate
4.01%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 20, 2013
Sold by
Adams David
Bought by
Adams Crystal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Nov 1, 2011
Closed on
Apr 16, 2012
Sold by
Summers Frederick E and Summers Janet B
Bought by
Adams David and Adams Crystal
Seller's Agent
Bruce Ring
Lenson Realty
Buyer's Agent
Elizabeth Jordan
United Realty Group, Inc
List Price
$499,000
Sold Price
$552,000
Premium/Discount to List
$53,000
10.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.05%
Original Mortgage
$417,000
Interest Rate
3.96%
Mortgage Type
New Conventional
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 Buyer Sale Price Title Company
Polatin Mitchell Klein $950,000 Patch Reef Title Company Inc
Clark Brian C $697,500 Attorney
Adams Crystal -- Attorney
Adams David $552,000 Tri County Title & Escrow In
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Polatin Mitchell Klein $760,000
Previous Owner Clark Brian C $141,000
Previous Owner Clark Brian C $417,000
Previous Owner Adams Crystal $417,000
Previous Owner Adams David $417,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/15/2023 05/15/23 Rented $10,000 -9.1% --
04/07/2023 04/07/23 Under Contract -- -- --
03/27/2023 03/27/23 For Rent $11,000 0.0% --
10/09/2020 10/09/20 Sold $950,000 -13.6% $223 / Sq Ft View Prior Sale
09/09/2020 09/09/20 Pending -- -- --
06/13/2020 06/13/20 For Sale $1,100,000 0.0% $258 / Sq Ft
06/28/2019 06/28/19 Rented $5,550 -5.9% --
05/29/2019 05/29/19 Under Contract -- -- --
05/06/2019 05/06/19 For Rent $5,900 0.0% --
01/12/2015 01/12/15 Sold $697,500 -28.5% $164 / Sq Ft View Prior Sale
12/13/2014 12/13/14 Pending -- -- --
06/09/2014 06/09/14 For Sale $975,000 +76.6% $229 / Sq Ft
04/18/2012 04/18/12 Sold $552,000 +10.6% $130 / Sq Ft View Prior Sale
03/19/2012 03/19/12 Pending -- -- --
11/01/2011 11/01/11 For Sale $499,000 -- $117 / 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 $17,043 $948,448 -- --
2023 $16,321 $862,225 $360,000 $685,379
2022 $14,103 $783,841 $0 $0
2021 $14,184 $767,625 $246,000 $521,625
2020 $11,699 $630,246 $210,000 $420,246
2019 $8,383 $474,250 $0 $0
2018 $7,850 $465,407 $0 $0
2017 $7,790 $455,834 $0 $0
2016 $7,795 $446,458 $0 $0
2015 $12,343 $592,138 $0 $0
2014 $11,349 $538,307 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Landlord's Agent in 2023

    Ryan Fulton

    The Corcoran Group

    (708) 275-1530

    16 Total Sales

    Ryan Fulton
    Section Image

  • S

    Tenant's Agent in 2023

    Shera Kaan Lilly

    United Realty Group, Inc

    (561) 866-7500

    8 Total Sales

    Shera Kaan Lilly
    Section Image
  • Claude Champagne

    Seller's Agent in 2020

    Claude Champagne

    Champagne & Parisi Real Estate

    (561) 703-4727

    30 Total Sales

    Claude Champagne
    Section Image

  • C

    Seller Co-Listing Agent in 2020

    Christine Patterson

    Compass Florida LLC

    (561) 251-3214

    26 Total Sales

    Christine Patterson
    Section Image

  • K

    Seller's Agent in 2019

    Kathryn Ann Green

    Coldwell Banker Realty

    (772) 286-1300

    8 Total Sales

    Kathryn Ann Green
    Section Image
  • Terry Story

    Seller's Agent in 2015

    Terry Story

    Keller Williams Realty Services

    (561) 945-4348

    233 Total Sales

    Terry Story
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10876716

BeachesMLS

APN: 06-43-47-17-08-000-0291

Florida Palm Beach County Boca Raton 33432

541 NE 16th St, Boca Raton, FL

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.

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