NOT LISTED FOR SALE

Estimated Value: $6,947,000 - $9,481,065

5 Beds
5 Baths
3,868 Sq Ft
$2,135/Sq Ft Est. Value

Last Sold September 17, 2018

Last sale price $3,640,000 $941 Per Sq Ft

Est. 127% increase in value since last sale

Current estimated payment $52,029/month

553 Days on Market

Highlights

  • Property has ocean access
  • Pool and Spa
  • Colonial Architecture
  • Palm Beach Public School Rated A-
  • Waterfront
  • Marble Flooring

About This Home

As of September 2018

Two story Bermuda residence located on the ocean block, conveniently close to the beach and lake trail. Nicely updated, the home features 5 bedrooms, 5 bathrooms plus powder room, a gourmet kitchen with stainless appliances, gym, 2 car garage, and detailed millwork. Spacious patio with covered dining area, large pool, spa, and summer kitchen.

Last Listed By

Christian Angle

Christian Angle Real Estate License #703536 Listed on: 01/24/2017

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $50,441

Year Built

  • Built in 1962

Lot Details

  • Waterfront
  • Home has North and South Exposure
  • Property is zoned RB

Parking

  • 2 Car Attached Garage

Home Design

  • Colonial Architecture
  • Traditional Architecture
  • Tile Roof
  • Fiber Cement Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 3,868 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Dining Room
  • Library
  • Utility Room
  • Home Gym

Kitchen

  • Eat-In Kitchen
  • Gas Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms
  • Bidet

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Hurricane or Storm Shutters
  • Fire and Smoke Detector

Pool

  • Pool and Spa
  • Gas Heated Pool
  • Outdoor Pool
  • Saltwater Pool

Outdoor Features

  • Property has ocean access
  • Balcony
  • Patio
  • Lanai
  • Attached Grill

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Ocean Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50434314100020131

Home Details

Home Type

Single Family

Est. Annual Taxes

$50,441

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size: 96
  • Subdivision Name: Ocean Park
  • Architectural Style: Colonial, Traditional, Two Story
  • Year Built: 1962
  • Location Tax Legal:Zoned: RB
  • Location Tax Legal:Homestead Exempt: No
  • Location Tax Legal:Taxes2: 50440.87
  • Location Tax Legal:Tax Year2: 2016
  • General Property Description:Living Area: 3868.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: No
  • Pool:Pool3: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • Security:Security System: Yes
  • General Property Description:Lot Dim (1): 96
  • Pool:Heated - Gas: Yes
  • Floors:Hardwood: Yes
  • Floors:Marble: Yes
  • Roof:Cement Tile: Yes
  • WaterSewer:Sewer: Yes
  • Style:Two Story: Yes
  • WaterSewer:City Water: Yes
  • HOA:None: Yes
  • Exposure:North: Yes
  • Exposure:South: Yes
  • Pool:Salt Water: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Freezer, Range-Gas, Microwave, Washer, Dryer
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Flooring: Hardwood, Marble, Other Flooring
  • Interior Amenities: Bidet, Ceiling Fan, Smoke Detectors, Wndw Trmnts Included, Pantry
  • Living Area: 3868.0
  • Window Features: Other
  • Interior Features:Wndw Trmnts Included: Yes
  • Other Rooms:Dining Room: 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:Smoke Detectors: Yes
  • Interior Features:Ceiling Fan: Yes
  • Other Rooms:Dining Area: Yes
  • Interior Features:Bidet: Yes
  • Appliances:Range-Gas: Yes
  • Other Rooms:Exercise Room: Yes

Exterior Features

  • Lot Features: 1/4 A - 21,779 SF
  • Pool Features: Pool, Salt Water, Heated - Gas, Spa
  • Pool Private: Yes
  • Waterfront Features: No - Waterfront
  • Waterfront: Yes
  • Construction Type: Cement Block/Stucco
  • Exterior Features: Balcony, Patio/Lanai, Ocean Access-Deeded, Built-in Grill, Storm Shutters
  • Roof: Cement Tile, Other
  • Exterior Features:Balcony: Yes
  • Construction:Cement BlockStucco: Yes
  • Exterior Features:PatioLanai: Yes
  • Exterior Features:Ocean Access-Deeded: Yes
  • Exterior Features:Storm Shutters: Yes
  • Pool/Spa: Yes
  • Exterior Features:Built-in Grill: Yes

Garage/Parking

  • Parking Features: 2 Car, Attached
  • Garage: Yes
  • Garage:_two_ Car: Yes

Utilities

  • Security: Security System
  • Heating: Central Air, Central Heat
  • Heating Yn: Yes

Lot Info

  • Land Lease Amount Frequency: No
  • Parcel #: 50434314100020131
  • Zoning: RB

Tax Info

  • Tax Annual Amount: 50440.87
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2017
Closed on
Sep 14, 2018
Sold by
Carrol Elizabeth and Carrol Elizabeth
Bought by
Fabick Douglas R and Hines Lori J
Seller's Agent
Christian Angle
Christian Angle Real Estate
Buyer's Agent
TONI HOLLIS
THE FITE GROUP
List Price
$3,640,000
Sold Price
$3,640,000
Total Days on Market
553
Current Estimated Value
$8,258,516

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,618,516
Avg. Annual Appreciation
13.17%
Original Mortgage
$2,548,000
Outstanding Balance
$1,668,100
Interest Rate
4.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$6,590,416

Purchase Details

Closed on
Oct 31, 2008
Sold by
Vegosen Dean
Bought by
Carroll Elizabeth and The Carroll Property Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,750,000
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 19, 2004
Sold by
Schank Roger and Schank Annie
Bought by
Vegosen Dean

Purchase Details

Closed on
Jul 17, 1998
Sold by
Ulysses Training Corp
Bought by
Schank Roger

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$880,000
Interest Rate
7.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 3, 1997
Sold by
Harvey Krauss Tr and Bart M Rogers Tr
Bought by
Ulysses Training Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$850,000
Interest Rate
7.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 4, 1994
Sold by
Sloane Const Co Palm Bch Cty Inc and Sloane Scott
Bought by
Krauss Harvey

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
Fabick Douglas R $3,640,000 Attorney
Carroll Elizabeth $2,500,000 Attorney
Vegosen Dean $2,771,000 --
Schank Roger $1,100,000 --
Ulysses Training Corp $950,000 --
Krauss Harvey $675,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fabick Douglas R $2,548,000
Previous Owner Ulysses Training Corp --
Previous Owner Carroll Elizabeth $1,750,000
Previous Owner Schank Roger $995,000
Previous Owner Schank Roger $1,000,000
Previous Owner Ulysses Training Corp $880,000
Previous Owner Ulysses Training Corp $850,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/17/2018 09/17/18 Sold $3,640,000 0.0% $941 / Sq Ft
07/31/2018 07/31/18 Pending -- -- --
01/24/2017 01/24/17 For Sale $3,640,000 -- $941 / 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 $72,287 $4,837,143 -- --
2023 $79,478 $5,275,523 $3,769,200 $1,506,323
2022 $63,486 $3,836,755 $0 $0
2021 $57,524 $3,487,959 $3,146,690 $341,269
2020 $56,114 $3,346,552 $3,000,000 $346,552
2019 $53,979 $3,150,101 $2,880,000 $270,101
2018 $54,914 $3,312,860 $3,175,000 $137,860
2017 $53,337 $3,190,935 $2,989,124 $201,811
2016 $50,441 $2,834,723 $0 $0
2015 $46,337 $2,577,021 $0 $0
2014 $46,659 $2,561,683 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: Palm Beach Board of REALTORS®

MLS Number: 17-247

APN: 50-43-43-14-10-002-0131