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1281 Spanish River Road

1281 Spanish River Road, Boca Raton, FL 33432
House in Boca Raton
Sold Mar 30, 2020
$7,500,000
$3,000,000 by Stifel Bank & Trust
Mortgage Due Apr 01, 2035
Sold Dec 29, 2015
Transfer
Local assessors in Boca Raton, FL have categorized 1281 Spanish River Road as a residential type of property. The home was built in 2000 and is 24 years old. The property's lot size has been calculated to be 68,002 square feet. The linear feet between the front and back of the lot was measured at 1,700 ft and the front of the lot was measured at 1,800 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 6 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 8 full bathrooms. There are also 2 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1281 Spanish River Road has a total of 11,264 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 851 sqft. There are 3 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has a open porch so you'll have a great option in the front of the home. In addition, there is a pool on the property. Perfect for those who want to host pool parties over the summer. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with masonry control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - A. The building has a wood truss style roof that was made of bermuda limestone tiles. Lots of stucco were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for flooring, was the material of choice during construction. Residents rely on air conditioning for their cooling system. The home's a forced air unit is the primary heating source and it is being fueled with electricity. The property was last sold in Mar 25, 2020 for $7,500,000. That's $665.84 per sqft. 1281 Spanish River Road was last assessed in 2020. The total value of the property was assessed at $11,961,268. Specifically, the land the property is located on was valued at $7,920,000. While improvements on the property were assessed at a total of $4,041,268. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $216,316. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Parking

Attached Garage
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2000
  • Bedroom Count: 6
  • Bathroom Count: 9
  • Full Bathrooms: 8
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: A
  • Construction Type: Masonry
  • Exterior Walls Type: Stucco
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Wood truss
  • Roof Cover Type: Bermuda limestone tiles
  • Floor Count: 2
  • Floor Cover: Carpet
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 851
  • Parking Space Count: 3
  • Porch Type: Open porch
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 68,002
  • Lot Size Depth Feet: 1,700
  • Lot Size Frontage Feet: 1,800
  • Total Building Area: 11,264
  • Gross Building Area: 14,482
  • Building Area: 11,264
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 11,264
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SPANISH RIVER LAND CO SUB
  • Land Acres: 1.561
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SPANISH RIVER LAND CO SUB UNIT 1 LTS 14 & 15 BLK 5

Ownership

  • Current Owner : MARANO THOMAS FRANCIS
  • Previous Owner : TEMPLER RICHARD
  • Previous Owner 2: TEMPLER DIANE
  • Owner Before Previous Owner: LAND TRUST SERVICE CORPORATION
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Married Man as his sole & separate property

Neighborhood

  • School District Name: Palm Beach County School District
  • Census Tract: 007420

Zoning

  • Zoning: R1A; R1A

Geography

  • Parcel: 06-43-47-29-05-005-0140
  • Block: 5
  • Lot: 14,15
  • Meridian: SEC 29 TWN 47S RNG 43E
  • Municipality: BOCA RATON
  • Latitude: 26.3318
  • Longitude: -80.0784

    Address

  • Full Address: 1281 Spanish River Rd
  • Legal Unit: 1
  • Address - House Number: 1281
  • Address - Street Name: Spanish River
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Boca Raton
  • Carrier Code: C010
  • 4-Digit Zip Code: 7705
  • Zip Code: 33432

Valuation

    Tax

  • Tax Year: 2020
  • Tax Amount: $216,316
  • Tax Rate Code Area: 6154

    Appraisal Valuation

  • Standard Deviation: 0.242
  • Valuation Date: Jul 14, 2021
  • Confidence Score: 66
  • Final Value: 6,551,537
  • High Value: 8,137,384
  • Low Value: 4,965,690

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $3,000,000
  • First Open Lien Mortgage Lender: STIFEL BANK & TRUST
  • First Open Lien Mortgage Recording Date: Mar 30, 2020
  • First Open Lien Mortgage Loan Amount: $3,000,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2035

    Market Valuation

  • Market Total Value: $11,961,268
  • Market Land Value: $7,920,000
  • Market Improvement Value: $4,041,268

    Assessments Valuation

  • Assessed Year: 2020
  • Assessed Total Value: $11,961,268
  • Assessed Land Value: $7,920,000
  • Assessed Improvements Value: $4,041,268

    Sales

  • Current Sale Contract Date: Mar 25, 2020
  • Current Sale Recording Date: Mar 30, 2020
  • Current Sale Transaction ID: 11754230543
  • Current Sale Price: $7,500,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20200116789
  • Previous Sale Recording Date: Dec 29, 2015
  • Previous Sale Contract Date: Dec 21, 2015
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: STIFEL BANK & TRUST
  • First Mortgage Transaction Date: Mar 30, 2020
  • First Mortgage Loan Amount: $3,000,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2035

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Frequently Asked Questions

What neighborhood is 1281 Spanish River Road located in?
The 1281 Spanish River Road is a house located in the neighborhood of Boca Raton in Boca Raton, Boca Raton.
What is the average sales price for listings in 1281 Spanish River Road?
The average sales price for units in 1281 Spanish River Road is $0 currently.

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