7 Ocean Ln Palm Beach, FL 33480
North End NeighborhoodEstimated Value: $41,693,714
0.51
Acre
$81,898,368
Price per Acre
22,176
Sq Ft Lot
Highlights
- Beach Front
- Ocean View
- Paved or Partially Paved Lot
- Palm Beach Public School Rated A-
About This Lot
As of December 2020DIRECT OCEANFRONT LOT! EXPANSIVE OCEAN VIEWS. INCREDIBLE OPPORTUNITY TO BUILD ON 21,387± SQUARE FEET LOT YOUR NEW CUSTOM HOME. PERFECTLY SITUATED AT THE END OF A CUL-DE-SAC.
Last Agent to Sell the Property
Sotheby's Intl. Realty, Inc. License #507416 Listed on: 08/11/2020
Property Details
Property Type
- Land
Est. Annual Taxes
- $107,782
Lot Details
- 0.51 Acre Lot
- Beach Front
- Paved or Partially Paved Lot
- Site Plan Filed
- Property is zoned R-B(ci
Property Views
- Ocean Views
Community Details
- Ocean Lane In Subdivision
Listing and Financial Details
- Assessor Parcel Number 50434311020000061
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 15, 2022
Sold by
7 Ocean Lane Llc
Bought by
Seven Ocean Lane Llc
Total Days on Market
102
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$39,000,000
Outstanding Balance
$36,556,830
Interest Rate
3.55%
Mortgage Type
Balloon
Purchase Details
Listed on
Aug 11, 2020
Closed on
Dec 21, 2020
Sold by
Radtke Janina and Janina Radtke Revocable Trust
Bought by
7 Ocean Lane Llc
Seller's Agent
Asha Radtke
Sotheby's Intl. Realty, Inc.
Buyer's Agent
Asha Radtke
Sotheby's Intl. Realty, Inc.
List Price
$19,900,000
Sold Price
$20,200,000
Premium/Discount to List
$300,000
1.51%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
2.8%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 12, 2014
Sold by
Radtke Janina
Bought by
Radtke Janina and Janina Radtke Revocable Trust
Purchase Details
Closed on
Jan 16, 2003
Sold by
The Garden City Co Inc
Bought by
Radtke Janina
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,800,000
Interest Rate
5.98%
Similar Property in Palm Beach, FL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Seven Ocean Lane Llc | $39,000,000 | Gunster Yoakley & Stewart Pa | |
| 7 Ocean Lane Llc | $20,200,000 | Attorney | |
| Radtke Janina | -- | Attorney | |
| Radtke Janina | $4,000,000 | Chicago Title Insurance Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Seven Ocean Lane Llc | $39,000,000 | |
| Previous Owner | 7 Ocean Lane Llc | $145,000 | |
| Previous Owner | Radtke Janina | $1,800,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/22/2020 12/22/20 | Sold | $20,200,000 | 0.0% | -- |
| 12/22/2020 12/22/20 | Sold | $20,200,000 | +1.5% | -- |
| 11/24/2020 11/24/20 | Pending | -- | -- | -- |
| 11/22/2020 11/22/20 | Pending | -- | -- | -- |
| 08/11/2020 08/11/20 | For Sale | $19,900,000 | -1.5% | -- |
| 07/09/2020 07/09/20 | For Sale | $20,200,000 | -- | -- |
Source: BeachesMLS
Tax History Compared to Growth
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 | $623,096 | $39,537,080 | -- | -- |
| 2023 | $540,615 | $35,942,800 | $35,942,800 | $0 |
| 2022 | $307,554 | $17,710,330 | $0 | $0 |
| 2021 | $262,359 | $16,100,300 | $16,100,300 | $0 |
| 2020 | $109,843 | $6,592,000 | $6,592,000 | $0 |
| 2019 | $108,205 | $6,400,000 | $6,400,000 | $0 |
| 2018 | $98,289 | $6,274,138 | $6,274,138 | $0 |
| 2017 | $88,189 | $5,228,449 | $5,228,449 | $0 |
| 2016 | $94,663 | $5,503,630 | $0 | $0 |
| 2015 | $98,598 | $5,503,630 | $0 | $0 |
| 2014 | $86,842 | $4,785,765 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Asha Radtke
Seller's Agent in 2020
Asha Radtke
Sotheby's International Realty, Inc.
(561) 346-9191
2 in this area
2 Total Sales
-
J
Buyer's Agent in 2020
JANINA RADTKE
BARCLAYS INTERNATIONAL REALTY
-
p
Buyer's Agent in 2020
pbb.rets.radtj
pbb.rets.RETS_OFFICE
Map
Source: BeachesMLS
MLS Number: R10645926
APN: 50-43-43-11-02-000-0061
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