NOT LISTED FOR SALE

581 Phillips Dr Boca Raton, FL 33432

Estimated Value: $6,611,000

3 Beds
2.5 Baths
2,390 Sq Ft
$2,766/Sq Ft Est. Value

Last Sold June 03, 2019

Last sale price $1,380,000 $577 Per Sq Ft

Est. 379% increase in value since last sale

Current estimated payment $37,988/month

59 Days on Market

Highlights

  • Private Pool
  • Waterfront
  • Pool View
  • Boca Raton Community Middle School Rated A-
  • Deck
  • Patio

About This Home

As of June 2019

Astonishing view from this direct canal home. Just minutes away from Boca Inlet, it sits in a no wake zone. Located 1.4 miles from the beach. 90 linear feet of deep water frontage, no fixed bridges, 10 minutes to Boca Inlet. You may bike or walk to Mizner Park, Downtown Boca, movies, restaurants, shops and much more. This home is perfect for your home on the water. Tastefully renovated and decorated in 2010 this 3 bedrooms(was 4 and can be easily be redone to 4 BR) 2.5 bathrooms pool house sits on a quiet street near A rated schools. Whether you are inspired by cooking in an open kitchen or by sipping a glass of wine by the water you may have found your sanctuary. Lot size 90 x 105 feet.Many homes in the same street are being demolished to build 5.2 to 5.5 million dollars new homes.

Last Agent to Sell the Property

Justin Tibble

NEXGEN Realty License #3352456 Listed on: 03/05/2019

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,222

Year Built

  • Built in 1969

Lot Details

  • Waterfront
  • South Facing Home
  • Fenced
  • Sprinkler System

HOA Fees

  • $17 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Assigned Parking

Home Design

  • Frame Construction
  • Spanish Tile Roof
  • Tile Roof

Interior Spaces

  • 2,390 Sq Ft Home
  • 1-Story Property
  • Furnished or left unfurnished upon request
  • Ceiling Fan
  • Pool Views
  • Home Security System

Kitchen

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

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Private Pool
  • Deck
  • Patio

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Water Softener is Owned
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 06434720320040090

Community Details

Overview

  • Golden Harbour Sec 03 Subdivision

Recreation

  • Community Spa

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,222

Year Built

Built in 1969

Lot Details

0

HOA Fees

$17 per month

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: From Palmetto Park Rd and NE 5th Ave, go north on 5th ave to Phillips dr and make a right to get to 581
  • Year Built: 1969
  • Year Built Details: Resale
  • Special Features: None

Interior Features

  • Furnished: Negotiable
  • Spa Features: Community
  • Appliances: Built-In Oven, Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Refrigerator, Water Softener Owned, Washer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Other
  • Living Area: 2390.0
  • Stories: 1

Exterior Features

  • Exterior Features: Deck, Fence, Patio
  • View: Pool
  • Lot Features: Sprinkler System
  • Pool Features: Pool
  • Pool Private: Yes
  • Waterfront: Yes
  • Disclosures: Owner Is Listing Agent
  • Construction Type: Block, Frame, Stucco
  • Direction Faces: South
  • Patio And Porch Features: Deck, Patio
  • Property Condition: Resale
  • Roof: Spanish Tile, Tile

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Garage Yn: Yes
  • Parking Features: Assigned

Utilities

  • Security: Security System
  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 17.0
  • Community Features: Street Lights
  • Senior Community: No
  • Amenities: Spa/Hot Tub
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 06434720320040090
  • Zoning Description: Resident

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 12222.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 29, 2024
Sold by
Spinner Real Estate Holdings Llc
Bought by
Kelspin Investments Llc
Current Estimated Value
$6,611,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,183,737
Outstanding Balance
$4,128,867
Interest Rate
6.09%
Mortgage Type
FHA
Estimated Equity
$2,482,133

Purchase Details

Closed on
Apr 5, 2021
Sold by
581 Phillips Drive Holdings Llc
Bought by
Spinner Real Estate Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,256,500
Interest Rate
3%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 5, 2019
Closed on
May 28, 2019
Sold by
Betancur Alvaro L and Alvaro L Betancur Revocable Tr
Bought by
581 Phillips Drive Holdings Llc
Seller's Agent
Justin Tibble
NEXGEN Realty
List Price
$1,850,000
Sold Price
$1,380,000
Premium/Discount to List
-$470,000
-25.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.11%

Purchase Details

Closed on
Aug 16, 2018
Sold by
Betancur Alvaro L
Bought by
Betancur Alvaaro L and The Alvaro L Batancur Revocable Trust

Purchase Details

Closed on
Dec 14, 1995
Sold by
Iazzo Anthony N and Iazzo Deborah E
Bought by
Betancur Alvaro L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$254,625
Interest Rate
7.41%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kelspin Investments Llc -- Quaker Title & Escrow
Spinner Real Estate Holdings Llc $1,795,000 Attorney
581 Phillips Drive Holdings Llc $1,380,000 Attorney
Betancur Alvaaro L -- Attorney
Betancur Alvaro L $339,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kelspin Investments Llc $4,183,737
Previous Owner Spinner Real Estate Holdings Llc $1,256,500
Previous Owner Betancur Alvaro L $20,000
Previous Owner Betancur Alvaro L $254,625
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/03/2019 06/03/19 Sold $1,380,000 -25.4% $577 / Sq Ft
05/04/2019 05/04/19 Pending -- -- --
03/05/2019 03/05/19 For Sale $1,850,000 -- $774 / 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
2025 $38,356 $7,204,431 -- --
2024 $38,356 $2,019,149 -- --
2023 $35,634 $1,835,590 $2,472,525 $3,602
2022 $29,303 $1,668,718 $0 $0
2021 $24,662 $1,347,924 $1,312,500 $35,424
2020 $22,496 $1,228,166 $1,180,000 $48,166
2019 $13,644 $757,363 $0 $0
2018 $12,783 $743,241 $0 $0
2017 $12,701 $727,954 $0 $0
2016 $12,732 $712,981 $0 $0
2015 $13,067 $708,025 $0 $0
2014 $13,120 $702,406 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2019

    Justin Tibble

    NEXGEN Realty

See All Agents

Map

Source: BeachesMLS

MLS Number: R10510222

BeachesMLS

APN: 06-43-47-20-32-004-0090

Florida Palm Beach County Boca Raton 33432

581 Phillips Dr, Boca Raton, FL

Not Listed for Sale

Detached

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