NOT LISTED FOR SALE

1040 Lake Shore Dr Unit 202 West Palm Beach, FL 33403

Estimated Value: $348,000 - $361,000

2 Beds
2 Baths
1,200 Sq Ft
$505/mo HOA Fee

Last Sold June 01, 2021

Last sale price $180,000 $150 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $2,706/month

186 Days on Market

Highlights

  • Boat Ramp
  • Gated Community
  • Community Pool
  • Property fronts an intracoastal waterway
  • Great Room
  • Separate Shower in Primary Bathroom

About This Home

As of June 2021

Gated intracoastal community loacated on the widest intracoastal water way in all of South Florida! Spacious Townhome is a rare find features a privated bedroom and bathroom top floor. Community pool and gym over looks the intracoastal. Tile throughout the main living areas. This Townhome comes with a 1 car garage!

Last Agent to Sell the Property

Michael Tanner

The Keyes Company License #706326 Listed on: 10/27/2020

The Keyes Company

Last Buyer's Agent

Natalia Benjumea-Ross

NV Realty Group, LLC License #3399866

NV Realty Group, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,364

Year Built

  • Built in 1989

Lot Details

  • 1

HOA Fees

  • $505 Monthly HOA Fees

Parking

  • 1 Car Garage

Home Design

  • Entry on the 2nd floor

Interior Spaces

  • 1,200 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Great Room

Kitchen

  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Additional Features

  • Property fronts an intracoastal waterway
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 36434221280072020

Community Details

Overview

  • Bay Reach Condo Subdivision

Recreation

  • Boat Ramp
  • Boating
  • Community Pool

Pet Policy

  • Pets Allowed

Security

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,364

Year Built

Built in 1989

Lot Details

0

HOA Fees

$505 per month

Parking

1

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: Northlake to US-1, go south to Palmetto, east to Bay Reach front gate
  • Year Built: 1989
  • Entry Level: 2
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Separate Shower, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Microwave, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Carpet, Ceramic Tile
  • Living Area: 1200.0
  • Dining Room Type: Great Room
  • Stories: 2

Exterior Features

  • Pool Features: None, Association, Community
  • Waterfront Features: Intracoastal Access
  • Waterfront: Yes
  • Construction Type: Block
  • Property Condition: Resale

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Garage Yn: Yes

Utilities

  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Electricity Available

Condo/Co-op/Association

  • Association Fee: 505.0
  • Community Features: Boat Facilities, Gated, Pool
  • Senior Community: No
  • Amenities: Pool
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 36434221280072020
  • Zoning Description: R1AA(c

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 3364.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2020
Closed on
May 13, 2021
Sold by
Carlucci Philip and Carlucci Kris A
Bought by
Bishop Jennifer Lane
Seller's Agent
Michael Tanner
The Keyes Company
Buyer's Agent
Natalia Benjumea-Ross
NV Realty Group, LLC
List Price
$19,500
Sold Price
$180,000
Premium/Discount to List
$160,500
823.08%
Current Estimated Value
$354,744

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$174,744
Avg. Annual Appreciation
16.96%
Original Mortgage
$162,000
Outstanding Balance
$146,583
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$208,161

Purchase Details

Closed on
Sep 30, 2004
Sold by
Bay Reach Development Llc
Bought by
Carlucci Philip

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,392
Interest Rate
5.71%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Bishop Jennifer Lane $180,000 Homepartners Title Svcs Llc
Carlucci Philip $197,990 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bishop Jennifer Lane $162,000
Previous Owner Carlucci Philip $158,392
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/01/2021 06/01/21 Sold $180,000 +823.1% $150 / Sq Ft
05/02/2021 05/02/21 Pending -- -- --
10/27/2020 10/27/20 For Sale $19,500 -- $16 / Sq Ft
Source: BeachesMLS

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 $3,838 $203,112 -- --
2023 $3,669 $197,196 $0 $0
2022 $3,656 $191,452 $0 $0
2021 $3,722 $159,513 $0 $159,513
2020 $3,504 $154,513 $0 $154,513
2019 $3,365 $157,896 $0 $157,896
2018 $3,019 $147,896 $0 $147,896
2017 $2,971 $147,934 $0 $0
2016 $2,911 $90,339 $0 $0
2015 $2,859 $82,126 $0 $0
2014 $2,571 $74,660 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Michael Tanner

    Seller's Agent in 2021

    Michael Tanner

    The Keyes Company

    (561) 707-1962

    2 in this area

    15 Total Sales

    Michael Tanner
    Section Image

  • N

    Buyer's Agent in 2021

    Natalia Benjumea-Ross

    NV Realty Group, LLC

    (561) 775-8010

    3 in this area

    15 Total Sales

    Natalia Benjumea-Ross
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10666595

BeachesMLS

APN: 36-43-42-21-28-007-2020

Florida Palm Beach County West Palm Beach 33403

1040 Lake Shore Dr Unit 202, West Palm Beach, FL

This home is located at 1040 Lake Shore Dr Unit 202, West Palm Beach, FL 33403 since 27 October 2020 and is currently estimated at $354,744, approximately $295 per square foot. This property was built in 1989. 1040 Lake Shore Dr Unit 202 is a home located in Palm Beach County with nearby schools including Lake Park Elementary School, Howell L. Watkins Middle School, and Palm Beach Gardens Community High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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