991 N Lake Way Palm Beach, FL 33480
North End Neighborhood
6
Beds
6
Baths
6,290
Sq Ft
0.33
Acres
Highlights
- Property has ocean access
- Outdoor Pool
- Colonial Architecture
- Palm Beach Public School Rated A-
- Waterfront
- Wood Flooring
About This Home
As of April 2021Stunning John Volk residence on Eden Road and North Lake Way. Perfect floor plan with first floor master bedroom possibility. Glamorous pool and loggia. Service road. Private beach access through Eden. Dodge Association membership. THIS WELL PROPORTIONED RESIDENCE WAS DESIGNED BY SOCIETY ARCHITECT JOHN VOLK IN 1935. THE STATELY HOME PRESIDES OVER LAKE WAY AND EDEN ROAD AND
FEATURES 6 BEDROOMS PLUS STAFF, 6 BATHS AND 2 HALF BATHS.
LONG FLOOR TO CEILING WINDOWS IN THE LIVING ROOM PROVIDE PLENTY OF LIGHT DURING THE DAY. THE FIREPLACE AND CROWN MOLDINGS MAKE THIS ROOM PARTICULARY PRETTY.
OTHER ROOMS ON THE MAIN FLOOR INCLUDE A LIBRARY ENCASED IN PECKY CYRESS PANELING. THE LOGGIA AND FORMAL DINING ROOMS ARE FACING THE POOL. THE LARGE EAT-IN-KITCHEN CONNECTS TO A SUBSTANTIAL BUTLERS PANTRY PROVIDING MORE APPLIANCES AND STORAGE SPACE. A LARGE FAMILY-TV ROOM WITH BATH COMPLETE THE FLOOR.
2 GARAGE BAYS WITH A GARDENERS TOILET ARE ACCESSED ON THE NORTH SIDE OF THE PROPERTY BY A SERVICE ROAD.
THE SWIMMING POOL IS GLAMOROUS IN LENGTH AND HAS ALL DAY SUN. SHADE IS PROVIDED BY A PERGOLA.
ATLANTIC BEACH ACCESS IS PROVIDED THROUGH MEMBERSHIP IN THE EDEN-DODGE NEIGHBORHOOD ASSOCIATION
Last Agent to Sell the Property
Sotheby's International Realty, Inc. License #584810 Listed on: 07/07/2016
Last Buyer's Agent
GREGORY WEADOCK
BARCLAYS INTERNATIONAL REALTY
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $26,831
Year Built
- Built in 1945
Lot Details
- 0.33 Acre Lot
- Waterfront
- Back Yard Fenced
- Property is zoned RB
Home Design
- Colonial Architecture
- Tile Roof
- Fiber Cement Roof
- Tile
Interior Spaces
- 6,290 Sq Ft Home
- Wet Bar
- Fireplace
- Dining Room
- Library
- Storage
- Utility Room
- Partial Impact Glass
Kitchen
- Eat-In Kitchen
- Gas Range
- Freezer
- Dishwasher
- Trash Compactor
Flooring
- Wood
- Stone
- Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Bathrooms
Laundry
- Dryer
- Washer
Parking
- 2 Car Attached Garage
- Bathroom In Garage
Outdoor Features
- Outdoor Pool
- Property has ocean access
- Patio
- Lanai
Utilities
- Forced Air Zoned Heating and Cooling System
Community Details
- Voluntary home owners association
- Eden Properties Subdivision
Listing and Financial Details
- Homestead Exemption
- Assessor Parcel Number 50434303200000460
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 22, 2021
Closed on
Apr 30, 2021
Sold by
Furlo Christopher John and Furlo Christopher John
Bought by
Krasker Paul A and 991 N Lake Way Trust
Seller's Agent
Gregory Weadock
William Raveis Real Estate
Buyer's Agent
Allison Wren
The Corcoran Group
List Price
$12,725,000
Sold Price
$9,422,539
Premium/Discount to List
-$3,302,461
-25.95%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,806,701
Avg. Annual Appreciation
6.27%
Purchase Details
Closed on
Oct 27, 2020
Sold by
Furlo Christopher John and Furlo Louis J
Bought by
Furlo Christopher John and Christopher John Furlo Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,245,800
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Listed on
Mar 20, 2017
Closed on
Nov 30, 2017
Sold by
Alleman Jaon and Ferguson John J
Bought by
Furlo Christopher John and Furlo Louis J
Seller's Agent
Wally Turner
Sotheby's Intl. Realty, Inc.
Buyer's Agent
Gregory Weadock
William Raveis Real Estate
List Price
$5,495,000
Sold Price
$4,650,000
Premium/Discount to List
-$845,000
-15.38%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.40%
Original Mortgage
$4,185,000
Interest Rate
3.99%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Sep 4, 2017
Sold by
Alleman Joan
Bought by
Alleman Joan and Richardsson Peter K
Purchase Details
Closed on
Jun 1, 2000
Sold by
Alleman H Edward and Alleman Joan
Bought by
Alleman Joan
Purchase Details
Closed on
Sep 26, 1995
Sold by
O R E O Inc
Bought by
Alleman H Edward and Alleman Joan
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$542,500
Interest Rate
7.93%
Purchase Details
Closed on
May 24, 1994
Sold by
Walker Thomas Barclay and Walker Julie Fitzgerald
Bought by
O R E O Inc
Similar Homes in Palm Beach, FL
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $9,422,539 | Attorney | |
| Interfamily Deed Transfer | -- | Attorney | |
| Warranty Deed | $465,000 | Attorney | |
| Interfamily Deed Transfer | -- | Attorney | |
| Interfamily Deed Transfer | -- | Attorney | |
| Warranty Deed | -- | -- | |
| Deed | $775,000 | -- | |
| Deed | $795,000 | -- | |
| Quit Claim Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $5,000,000 | Construction | |
| Previous Owner | $6,245,800 | New Conventional | |
| Previous Owner | $2,200,000 | Credit Line Revolving | |
| Previous Owner | $4,185,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $1,054,000 | Credit Line Revolving | |
| Previous Owner | $1,000,000 | Negative Amortization | |
| Previous Owner | $542,500 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/30/2021 04/30/21 | Sold | $9,422,539 | -26.0% | $1,498 / Sq Ft |
| 04/22/2021 04/22/21 | For Sale | $12,725,000 | +173.7% | $2,023 / Sq Ft |
| 12/01/2017 12/01/17 | Sold | $4,650,000 | 0.0% | $739 / Sq Ft |
| 12/01/2017 12/01/17 | Sold | $4,650,000 | -15.4% | $739 / Sq Ft |
| 11/01/2017 11/01/17 | Pending | -- | -- | -- |
| 10/20/2017 10/20/17 | Pending | -- | -- | -- |
| 03/20/2017 03/20/17 | For Sale | $5,495,000 | +18.2% | $874 / Sq Ft |
| 07/07/2016 07/07/16 | For Sale | $4,650,000 | -- | $739 / Sq Ft |
Source: Palm Beach Board of REALTORS®
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 | $183,836 | $11,143,754 | -- | -- |
| 2023 | $183,026 | $10,130,685 | $0 | $0 |
| 2022 | $143,797 | $9,209,714 | $0 | $0 |
| 2021 | $69,717 | $4,237,622 | $2,837,452 | $1,400,170 |
| 2020 | $64,350 | $3,830,854 | $2,636,627 | $1,194,227 |
| 2019 | $64,779 | $3,776,581 | $2,396,934 | $1,379,647 |
| 2018 | $64,082 | $3,860,089 | $2,396,934 | $1,463,155 |
| 2017 | $26,650 | $1,571,239 | $0 | $0 |
| 2016 | $25,948 | $1,538,922 | $0 | $0 |
| 2015 | $26,831 | $1,528,224 | $0 | $0 |
| 2014 | $26,959 | $1,516,095 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
G
Seller's Agent in 2021
Gregory Weadock
William Raveis Real Estate
(561) 309-3666
1 in this area
7 Total Sales
-
A
Buyer's Agent in 2021
Allison Wren
The Corcoran Group
(561) 655-9081
4 in this area
27 Total Sales
-
Seller's Agent in 2017
Wally Turner
Sotheby's Intl. Realty, Inc.
(561) 301-2060
8 Total Sales
Map
Source: Palm Beach Board of REALTORS®
MLS Number: 16-1495
APN: 50-43-43-03-20-000-0460
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