NOT LISTED FOR SALE

622 N Flagler Dr Unit 401 West Palm Beach, FL 33401

Downtown West Palm Beach Neighborhood

Estimated Value: $6,098,000 - $8,529,000

4 Beds
4 Baths
5,242 Sq Ft
$1,436/Sq Ft Est. Value

Last Sold April 19, 2013

Last sale price $2,760,000 $527 Per Sq Ft

Est. 173% increase in value since last sale

Current estimated payment $49,735/month

84 Days on Market

Highlights

  • Doorman
  • Home fronts a seawall
  • Clubhouse
  • Docks
  • Pool and Spa
  • 5-minute walk to Flagler Park

About This Home

As of April 2013

This home is located at 622 N Flagler Dr Unit 401, West Palm Beach, FL 33401 since 27 December 2012 and is currently estimated at $7,526,124, approximately $1,435 per square foot. This property was built in 2003. 622 N Flagler Dr Unit 401 is a home located in Palm Beach County with nearby schools including U. B. Kinsey/Palmview Elementary School, Conniston Middle School, and Palm Beach Lakes Community High School.

Last Agent to Sell the Property

Lawrence A Moens

Lawrence A. Moens Associates, Inc. License #202740 Listed on: 12/27/2012

Last Buyer's Agent

Steve Hall

THE FITE GROUP

Property Details

Home Type

  • Condo-Op

Est. Annual Taxes

  • $34,364

Year Built

  • Built in 2003

Lot Details

  • Home fronts a seawall
  • Property fronts an intracoastal waterway
  • Northeast Facing Home
  • Gated Home
  • Sprinkler System

HOA Fees

  • $4,441 Monthly HOA Fees

Parking

  • 2 Car Garage

Interior Spaces

  • 5,242 Sq Ft Home
  • Wet Bar
  • Fireplace
  • Dining Area
  • Library
  • Storage
  • Utility Room
  • Home Gym
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Single Oven
  • Gas Range
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Stone
  • Marble

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Eco-Friendly Details

  • Non-Toxic Pest Control

Pool

  • Pool and Spa
  • Gas Heated Pool
  • Outdoor Pool

Outdoor Features

  • Bulkhead
  • Docks
  • Balcony
  • Patio
  • Lanai

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 74434322340044010

Community Details

Overview

  • Association fees include insurance, cable TV, common area, maintenance exterior, trash, pest control, sewer, water
  • 48 Units
  • One Watermark Pl Community
  • On-Site Maintenance
  • 15-Story Property

Amenities

  • Doorman
  • Common Area
  • Clubhouse
  • Lobby
  • Elevator

Pet Policy

  • Pets Allowed
  • Pet Restriction

Security

  • Security Guard
  • Resident Manager or Management On Site

Property Details

Home Type

Condo-Op

Est. Annual Taxes

$34,364

Year Built

Built in 2003

Lot Details

0

HOA Fees

$4,441 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Condo/Co-Op
  • Building Name: One Watermark Pl
  • Year Built: 2003
  • Location Tax Legal:Name of Building: One Watermark Pl
  • Location Tax Legal:Zoned: RD-1
  • Location Tax Legal:Homestead Exempt: Yes
  • Location Tax Legal:Taxes2: 34364.0
  • Location Tax Legal:Tax Year2: 2012
  • General Property Description:Living Area: 5242.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: Yes
  • General Property Description:Maintenance Amount: 13323.0
  • General Property Description:Per: Quarter
  • General Property Description:_pound_ Units in Complex: 48
  • General Property Description:_pound_ Floors: 15.0
  • Exposure of Unit:East2: Yes
  • Pool:Pool3: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • Laundry:Laundry in Unit: Yes
  • Security:Door Person: Yes
  • Services Included:Full Time Manager: Yes
  • Maintenance Includes:Common Area: Yes
  • Maintenance Includes:Exterior Bldg: Yes
  • Maintenance Includes:Garbage Pickup: Yes
  • Maintenance Includes:Pest Control: Yes
  • Maintenance Includes:Sewer2: Yes
  • Maintenance Includes:Water2: Yes
  • Exposure of Unit:North2: Yes
  • Pool:Heated - Gas: Yes
  • Floors:Marble: Yes
  • Pets:Pets Allowed: Yes
  • Security:Gate House: Yes
  • Security:Security Guards: Yes
  • Lease Restrictions Pets W Restrictions: Yes
  • Maintenance Includes:Cable TV: Yes
  • Waterfront-Building:Intracoastal-Direct2: Yes
  • Floors:StoneBrick: Yes
  • Waterfront-Unit:Intracoastal-Direct3: Yes
  • Dock:Dock Space Available: Yes
  • Services Included:Club Facilities: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Freezer, Oven-Single, Washer, Dryer, Range - Gas
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Flooring: Marble, Stone/Brick
  • Interior Amenities: Fireplace, Storage, Wet Bar, Smoke Alarms, Pantry
  • Living Area: 5242.0
  • Stories: 15
  • Interior Features:Smoke Alarms: Yes
  • Interior Features:Storage: Yes
  • Other Rooms:Eat-in Kitchen: Yes
  • Other Rooms:Pantry: Yes
  • Other Rooms:Utility Room: Yes
  • Other Rooms:LibraryDen: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Freezer: Yes
  • Interior Features:Fireplace: Yes
  • Other Rooms:Dining Area: Yes
  • Appliances:Oven-Single: Yes
  • Interior Features:Wet Bar: Yes
  • Appliances:Range-Gas: Yes

Exterior Features

  • Pool Features: Pool, Spa, Fresh Water, Heated Gas
  • Pool Private: Yes
  • Exterior Features: Balcony, Patio/Lanai, Seawall/Bulkhead, Sprinkler System, Elevator, Exercise Room, Lobby
  • Exterior Features:Balcony: Yes
  • Exterior Features:Sprinkler System: Yes
  • Exterior Features:Elevator2: Yes
  • Exterior Features:Exercise Room2: Yes
  • Exterior Features:Lobby: Yes
  • Exterior Features:PatioLanai: Yes
  • Pool/Spa: Yes
  • Exterior Features:SeawallBulkhead2: Yes

Garage/Parking

  • Parking:Garage2: Yes
  • Parking:_two_ Car2: Yes

Utilities

  • Laundry Features: Laundry in Unit
  • Security: Gate House, Security Guards, Door Person
  • Heating: Central Air, Central Heat
  • Heating Yn: Yes

Condo/Co-op/Association

  • Amenities: Full Time Manager, Club Facilities
  • Association: Yes

Association/Amenities

  • Restrictions:Condo Association: Yes

Fee Information

  • Association Fee Includes: Insurance, Cable TV, Common Area, Maintenance Exterior, Trash, Pest Control, Sewer, Water

Lot Info

  • Development Status: Land Owned
  • Parcel #: 74434322340044010
  • Zoning: RD-1

Multi Family

  • Number Of Units Total: 48
  • Maintenance Expense: 13323.0

Tax Info

  • Tax Annual Amount: 34364.0
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 27, 2012
Closed on
Apr 19, 2013
Sold by
Obernauer Obernauer Jr Marne Jr Marne and Obernauer Damon Wendy
Bought by
Katz Steven M
Seller's Agent
Lawrence A Moens
Lawrence A. Moens Associates, Inc.
Buyer's Agent
Steve Hall
THE FITE GROUP
List Price
$2,760,000
Sold Price
$2,760,000
Current Estimated Value
$7,526,124

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,766,124
Avg. Annual Appreciation
8.53%
Original Mortgage
$1,912,050
Interest Rate
3.59%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 27, 2012
Closed on
Apr 10, 2013
Sold by
Obernauer Obernauer Jr Marne Jr Marne and Obernauer Damon Wendy
Bought by
Katz Steven M
Seller's Agent
Lawrence A Moens
Lawrence A. Moens Associates, Inc.
Buyer's Agent
Steve Hall
THE FITE GROUP
List Price
$2,760,000
Sold Price
$2,760,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,912,050
Interest Rate
3.59%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 31, 2009
Sold by
Bakes Charles L
Bought by
Obernauer Marne

Purchase Details

Closed on
Jan 24, 2007
Sold by
Bakes Charles L and Cl Watermark Place Trust
Bought by
Bakes Charles L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
6.07%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 29, 2005
Sold by
Donnelly Thorne and Donnelley Patricia J
Bought by
Bakes Charles L and Cl Watermark Place Trust

Purchase Details

Closed on
May 22, 2003
Sold by
Wci Communities Inc
Bought by
Donnelley Thorne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,600,000
Interest Rate
5.81%
Mortgage Type
Credit Line Revolving
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
Katz Steven M -- Attorney
Katz Steven M $2,760,000 Attorney
Obernauer Marne $2,700,000 None Available
Bakes Charles L $2,150,000 Phoenix Title Insurance Corp
Bakes Charles L $3,000,000 Phoenix Title Insurance Corp
Donnelley Thorne $2,200,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Katz Steven M $1,686,000
Closed Katz Steve M $1,776,000
Closed Katz Steven M $1,912,050
Closed Katz Steven M $1,912,050
Previous Owner Bakes Charles L $1,000,000
Previous Owner Bakes Charles L $700,000
Previous Owner Donnelley Thorne $1,600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/19/2013 04/19/13 Sold $2,760,000 0.0% $527 / Sq Ft
03/21/2013 03/21/13 Pending -- -- --
12/27/2012 12/27/12 For Sale $2,760,000 -- $527 / Sq Ft
Source: Palm Beach Board of REALTORS®

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 $66,590 $3,287,858 -- --
2023 $65,099 $3,192,095 $0 $0
2022 $64,637 $3,099,121 $0 $0
2021 $64,713 $3,008,855 $0 $0
2020 $64,464 $2,967,313 $0 $0
2019 $63,592 $2,900,599 $0 $0
2018 $60,820 $2,846,515 $0 $0
2017 $60,384 $2,787,968 $0 $0
2016 $60,409 $2,730,625 $0 $0
2015 $61,652 $2,711,643 $0 $0
2014 $61,752 $2,690,122 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2013

    Lawrence A Moens

    Lawrence A. Moens Associates, Inc.

    (561) 655-5510

    5 in this area

    119 Total Sales

    Lawrence A Moens
    Section Image

  • S

    Buyer's Agent in 2013

    Steve Hall

    THE FITE GROUP

  • Stephen Hall

    Buyer's Agent in 2013

    Stephen Hall

    Compass Florida, LLC

    (561) 346-6068

    13 in this area

    66 Total Sales

    Stephen Hall
    Section Image

  • S

    Buyer's Agent in 2013

    Steve Hall, Jr.

    Brown Harris Stevens of Palm Beach 0039

See All Agents

Map

Source: Palm Beach Board of REALTORS®

MLS Number: 12-2870

APN: 74-43-43-22-34-004-4010

Florida Palm Beach County West Palm Beach 33401 Downtown West Palm Beach

622 N Flagler Dr Unit 401, West Palm Beach, FL

This home is located at 622 N Flagler Dr Unit 401, West Palm Beach, FL 33401 since 27 December 2012 and is currently estimated at $7,526,124, approximately $1,435 per square foot. This property was built in 2003. 622 N Flagler Dr Unit 401 is a home located in Palm Beach County with nearby schools including U. B. Kinsey/Palmview Elementary School, Conniston Middle School, and Palm Beach Lakes Community High School.

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