Property detail

Field Value
Location Address 242 CHERRY LN
Municipality PALM BEACH
Parcel Control Number 50-43-43-10-09-000-0050
Subdivision CHERRY LANE IN
Official Records Book/Page 28283 / 1896
Sale Date 05/04/2016
Legal Description CHERRY LANE LT 5

Owner INFORMATION

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Owner(s) Mailing Address Actions
242 CHERRY LANE LLC
366 W SUPERIOR ST UNIT 703
CHICAGO IL 60654 3620

Sales INFORMATION

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Sales Date Price OR Book/Page Sale Type Owner
05/04/2016 $2,350,000 28283 / 01896 WARRANTY DEED 242 CHERRY LANE LLC
04/09/2015 $1,249,000 27464 / 00232 WARRANTY DEED POHRER GARY B JR
12/22/2014 $1,150,700 27234 / 01009 CERT OF TITLE CENTRAL MORTGAGE COMPANY
04/26/2005 $1,150,000 18490 / 01942 WARRANTY DEED SMITH CHARLES W
06/05/2003 $825,000 15330 / 00853 WARRANTY DEED CURRAN MORTIMER F
05/24/2002 $35,000 13740 / 01250 WARRANTY DEED KAUPER G GERARD &
07/01/1998 $100 10496 / 00172 WARRANTY DEED
03/01/1996 $100 09159 / 00138 REP DEED
01/01/1970 $47,200 01857 / 01551

NOTE: Sales do not generally appear in the PAPA database until approximately 1 to 3 weeks after the closing date.
If a recent sale does not show up in this list, please allow more time for the sale record to be processed.

Exemption INFORMATION

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No Exemption Information Available.

Property INFORMATION

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SUBAREA AND SQUARE FOOTAGE
FOR BUILDING 1

Code Description square Footage
FOP Finished Open Porch 55
FGR Finished Garage 420
BAS Base Area 1740
BAS Base Area 1225
Total Square Footage 3440
Area Under Air 2965

Field Value
Total Number of Units Per Parcel 1
Total Square Feet* 3440
Acres .23
Property Use Code 0100—SINGLE FAMILY
Zoning R-B—LOW DENSITY RESIDENTIAL (50-PALM BEACH)

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*May indicate living area in residential properties.

Structural Element
for Building 1

Field Value
Bldg Type SFR
Exterior Wall 1 MSY: CB STUCCO
Year Built 1955
Air Condition Desc. HTG & AC
Heat Type FORCED AIR DUCT
Heat Fuel ELECTRIC
Bed Rooms 4
Full Baths 3
Half Baths 0
Exterior Wall 2 NONE
Roof Structure GABLE/HIP
Roof Cover CONCRETE TILE
Interior Wall 1 DRYWALL
Interior Wall 2 N/A
Floor Type 1 CARPETING
Floor Type 2 N/A
Stories 1

Print Building 1 Details

 

Sketch
for Building 1

Property Extra Features

Description Year Built Units
Patio 1997 622
Pool - In-Ground 1997 1

Property Land Details

Land Line # Description Zoning Acres
1 SFR R-B 0.2296

Appraisals

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Tax Year 2026 P 2025 2024 2023 2022
Improvement Value $267,079 $279,637 $688,043 $737,275 $729,888
Land Value $5,492,500 $5,150,000 $5,400,000 $5,100,000 $3,850,000
Total Market Value $5,759,579 $5,429,637 $6,088,043 $5,837,275 $4,579,888
Tax Year 2026 P 2025 2024 2023 2022 2021 2020 2019 2018 2017
Improvement Value $267,079 $279,637 $688,043 $737,275 $729,888 $381,762 $39,536 $136,504 $87,392 $4,532
Land Value $5,492,500 $5,150,000 $5,400,000 $5,100,000 $3,850,000 $2,230,000 $1,972,500 $1,800,000 $1,751,494 $1,903,798
Total Market Value $5,759,579 $5,429,637 $6,088,043 $5,837,275 $4,579,888 $2,611,762 $2,012,036 $1,936,504 $1,838,886 $1,908,330

P = Preliminary

All values are as of January 1st each year

Assessed & taxable values

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Tax Year 2026 P 2025 2024 2023 2022
Assessed Value $3,800,600 $3,455,091 $3,140,992 $2,855,447 $2,595,861
Exemption Amount $0 $0 $0 $0 $0
Taxable Value $3,800,600 $3,455,091 $3,140,992 $2,855,447 $2,595,861
Tax Year 2026 P 2025 2024 2023 2022 2021 2020 2019 2018 2017
Assessed Value $3,800,600 $3,455,091 $3,140,992 $2,855,447 $2,595,861 $2,359,874 $2,012,036 $1,936,504 $1,838,886 $1,908,330
Exemption Amount $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Taxable Value $3,800,600 $3,455,091 $3,140,992 $2,855,447 $2,595,861 $2,359,874 $2,012,036 $1,936,504 $1,838,886 $1,908,330

Taxes

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Tax Year 2026 P 2025 2024 2023 2022
AD VALOREM $68,652 $63,855 $65,315 $62,121 $53,157
NON AD VALOREM $217 $205 $194 $188 $184
TOTAL TAX $68,869 $64,060 $65,509 $62,309 $53,341
Tax Year 2026 P 2025 2024 2023 2022 2021 2020 2019 2018 2017
AD VALOREM $68,652 $63,855 $65,315 $62,121 $53,157 $40,021 $33,186 $32,490 $29,968 $31,787
NON AD VALOREM $217 $205 $194 $188 $184 $178 $173 $175 $175 $172
TOTAL TAX $68,869 $64,060 $65,509 $62,309 $53,341 $40,199 $33,359 $32,665 $30,143 $31,959

BUYERS TAKE NOTE: Taxes will change and often increase substantially when a property sells. The seller’s exemption benefits will GO AWAY the year after they sell and this may result in higher taxes for a buyer. Please use the Property Tax Calculator to get a better annual tax estimate if you are purchasing this property.