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218 Merrain Road

218 Merrain Road, Palm Beach, FL 33480
Property in Bello Lido
Sold May 18, 2021
$6,475,000
$3,885,000 by First Republic Bank
Mortgage Due Jun 01, 2051
Sold Aug 02, 2007
$2,700,000
$2,160,000 by Suntrust Mortgage Inc
Mortgage Due Sep 01, 2037
Local assessors in Palm Beach, FL have categorized 218 Merrain Road as a residential type of property. The home was built in 1938 and is 86 years old. It was most recently renovated and altered in 1995. The property's lot size has been calculated to be 12,772 square feet. The linear feet between the front and back of the lot was measured at 120 ft and the front of the lot was measured at 1,000 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, 5 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 4 full bathrooms. There are also 5 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 218 Merrain Road has a total of 3,470 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 attached garage for those who need a place to park their vehicle. The garage on the property is 716 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back 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 wood 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 gable or hip style roof that was made of concrete. Lots of wood siding were used in the construction of the exterior walls of the home. While the walls in the interior have been made of plaster. As for flooring, was the material of choice during construction. Residents rely on central 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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 218 Merrain Road was last sold in May 10, 2021 for $6,475,000. According to our calculations, that's $1,510.38 per sqft. Prior to that sales transaction, the property was sold for $2,700,000 in Aug 2, 2007. Current property owners are expected to pay $82,308 in taxes per year. The property on 218 Merrain Road was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $5,244,231. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1938
  • Effective Year Built: 1995
  • Building Count: 2
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: Average
  • Building Quality: A
  • Construction Type: Wood
  • Exterior Walls Type: Wood siding
  • Interior Walls Type: Plaster
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Concrete
  • Floor Count: 2
  • Floor Cover: Wood
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 716
  • Parking Space Count: 2
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 12,772
  • Lot Size Depth Feet: 120
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 4,287
  • Gross Building Area: 4,287
  • Building Area: 3,470
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 3,470
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BELLO LIDO
  • Land Acres: 0.293
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BELLO LIDO LT 29

Ownership

  • Current Owner : KEITH ROBERT M
  • Current Owner 2: KEITH KATE L
  • Previous Owner : HAFT STUART J
  • Previous Owner 2: HAFT ALLISON ROGERS
  • Owner Before Previous Owner: GRINBERG FRANCISCO
  • Owner Before Previous Owner 2: GRINBERG SUSAN E
  • Is Owner Occupied: Owner-occupied property
  • Owner Generation Identifier: JR

Neighborhood

  • School District Name: Palm Beach County School District
  • Census Tract: 003507

Zoning

  • Zoning: R-B

Geography

  • Assessors Map Reference: 116
  • Parcel: 50-43-43-03-06-000-0290
  • Lot: 29
  • Meridian: SEC 03 TWN 43S RNG 43E
  • Municipality: PALM BEACH
  • Latitude: 26.7593
  • Longitude: -80.0387

    Address

  • Full Address: 218 Merrain Rd
  • Address - House Number: 218
  • Address - Street Name: Merrain
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Palm Beach
  • Carrier Code: C001
  • 4-Digit Zip Code: 3114
  • Zip Code: 33480

Valuation

    Tax

  • Total Area: 3,713
  • Tax Year: 2022
  • Tax Amount: $82,308
  • Tax Rate Code Area: 50411

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $3,885,000
  • First Open Lien Mortgage Lender: FIRST REPUBLIC BANK
  • First Open Lien Mortgage Recording Date: May 18, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $3,885,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2051

    Market Valuation

  • Market Total Value: $5,244,231
  • Market Land Value: $4,456,730
  • Market Improvement Value: $787,501

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $5,244,231

    Sales

  • Current Sale Contract Date: May 10, 2021
  • Current Sale Recording Date: May 18, 2021
  • Current Sale Transaction ID: 11837720058
  • Current Sale Price: $6,475,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20210228474
  • Previous Sale Recording Date: Aug 02, 2007
  • Previous Sale Contract Date: Aug 02, 2007
  • Previous Sale Amount: $2,700,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST REPUBLIC BANK
  • First Mortgage Transaction Date: May 18, 2021
  • First Mortgage Loan Amount: $3,885,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2051

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: SUNTRUST MORTGAGE INC
  • Previous Mortgage Transaction Date: Aug 02, 2007
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $2,160,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Sep 01, 2037

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Frequently Asked Questions

What neighborhood is 218 Merrain Road located in?
The 218 Merrain Road is a located in the neighborhood of Bello Lido in Bello Lido, Palm Beach.
What is the average sales price for listings in 218 Merrain Road?
The average sales price for units in 218 Merrain Road is $0 currently.

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