NOT LISTED FOR SALE

1050 Lake Shore Dr Unit 204 West Palm Beach, FL 33403

Estimated Value: $348,000 - $356,000

2 Beds
2 Baths
1,200 Sq Ft
$489/mo HOA Fee

Last Sold October 16, 2020

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

Est. 87% increase in value since last sale

Current estimated payment $2,585/month

42 Days on Market

Highlights

  • Boat Ramp
  • Gated Community
  • Garden View
  • Property has ocean access
  • Clubhouse
  • Mediterranean Architecture

About This Home

As of October 2020

Lovely 2/2 Townhouse located in popular North Palm Beach. This unit is updated with granite countertops, tile throughout, hurricane impact windows, tankless water heater and tons of natural light. A/C was replaced in 2012. The gated community of Bay Reach is a waterfront, Mediterranean style neighborhood conveniently located close to the Gardens Mall, Cityplace, Downtown West Palm Beach, beaches, and a large variety of restaurants and shopping. Enjoy the pool and lounge area overlooking the intracoastal.

Last Agent to Sell the Property

Megan Dunn

Compass Florida LLC License #3438890 Listed on: 08/04/2020

Compass Florida LLC

Co-Listed By

Ben Slayen

Compass Florida LLC License #3425165

Last Buyer's Agent

Jason Litt

LoKation License #3379489

LoKation

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,877

Year Built

  • Built in 1989

HOA Fees

  • $489 Monthly HOA Fees

Home Design

  • Mediterranean Architecture
  • Barrel Roof Shape

Interior Spaces

  • 1,200 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Tile Flooring
  • Garden Views
  • Security Gate

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Guest Parking
  • Assigned Parking

Outdoor Features

  • Property has ocean access
  • Seawall

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Security Deposit $500
  • Assessor Parcel Number 36434221280092040

Community Details

Overview

  • Bay Reach Condo Subdivision

Amenities

  • Clubhouse

Recreation

  • Boat Ramp
  • Boating
  • Community Spa

Security

  • Phone Entry
  • Gated Community
  • Impact Glass

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,877

Year Built

Built in 1989

Lot Details

0

HOA Fees

$489 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: I- 95 GO EAST ON NORTHLAKE TO US-1 THEN SOUTH TO FIRST LIGHT, GO LEFT AT TRAFFIC LIGHT AND BAY REACH IS THE FIRST COMMUNITY ON THE LEFT. GATE CODE PHONE LOCATED ON ISLAND.
  • Year Built: 1989
  • Architectural Style: Mediterranean
  • Entry Level: 2
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Pantry, Split Bedrooms, Tub Shower, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Spa Features: Community
  • Appliances: Dryer, Dishwasher, Electric Range, Disposal, Microwave, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Tile
  • Living Area: 1200.0
  • Dining Room Type: Laundry
  • Stories: 2
  • Window Features: Impact Glass

Exterior Features

  • View: Garden
  • Pool Features: None
  • Waterfront Features: Ocean Access, Seawall
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Barrel

Garage/Parking

  • Garage Yn: No
  • Parking Features: Assigned, Guest

Utilities

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

Condo/Co-op/Association

  • Association Fee: 489.0
  • Community Features: Boat Facilities, Clubhouse, Gated
  • Senior Community: No
  • Amenities: Clubhouse, Spa/Hot Tub
  • Association Fee Frequency: Monthly
  • Association: Yes

Lot Info

  • Parcel #: 36434221280092040
  • Zoning Description: R1AA(c

Rental Info

  • Security Deposit: 500.0

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 3877.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2020
Closed on
Oct 16, 2020
Sold by
Gillespie Paul and Gillespie Victoria
Bought by
Soliani Kelly
Seller's Agent
Megan Dunn
Compass Florida LLC
Buyer's Agent
Jason Litt
LoKation
List Price
$180,000
Sold Price
$180,000
Current Estimated Value
$336,742

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$156,742
Avg. Annual Appreciation
13.88%
Original Mortgage
$176,739
Outstanding Balance
$158,701
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$178,041

Purchase Details

Listed on
Jan 26, 2018
Closed on
Mar 23, 2018
Sold by
Scheer Lori Ann
Bought by
Gillespie Victoria
Seller's Agent
Gina Ferri
RE/MAX Prestige Realty/RPB
Buyer's Agent
Bradley Mayo
The Keyes Company (Tequesta)
List Price
$224,900
Sold Price
$195,000
Premium/Discount to List
-$29,900
-13.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.08%

Purchase Details

Listed on
Jul 20, 2012
Closed on
Aug 15, 2012
Sold by
Jones Lucy A
Bought by
Scheer Lori Ann
Seller's Agent
Gail Weir
Illustrated Properties LLC (Co
List Price
$79,890
Sold Price
$75,000
Premium/Discount to List
-$4,890
-6.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.57%

Purchase Details

Closed on
Jan 12, 2012
Sold by
Wells Fargo Bank Na
Bought by
Jones Lucy A

Purchase Details

Closed on
Aug 17, 2011
Sold by
Nedrick Sharmain and Anderson Mary Nedrick
Bought by
Southtrust Mortgage Corporation

Purchase Details

Closed on
Sep 22, 2004
Sold by
Bay Reach Development Llc
Bought by
Nedrick Sharmain

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,400
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Soliani Kelly $180,000 None Available
Gillespie Victoria $195,000 Attorney
Scheer Lori Ann $75,000 The Title Network Inc
Jones Lucy A $58,000 Servicelink
Southtrust Mortgage Corporation $35,100 None Available
Nedrick Sharmain $194,990 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Soliani Kelly $176,739
Previous Owner Nedrick Sharmain $175,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/16/2020 10/16/20 Sold $180,000 0.0% $150 / Sq Ft
09/16/2020 09/16/20 Pending -- -- --
08/04/2020 08/04/20 For Sale $180,000 -7.7% $150 / Sq Ft
03/26/2018 03/26/18 Sold $195,000 -13.3% $163 / Sq Ft
02/24/2018 02/24/18 Pending -- -- --
01/26/2018 01/26/18 For Sale $224,900 +199.9% $187 / Sq Ft
08/17/2012 08/17/12 Sold $75,000 -6.1% $63 / Sq Ft
07/20/2012 07/20/12 For Sale $79,890 -- $67 / 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 $3,018 $163,734 -- --
2023 $2,864 $158,965 $0 $0
2022 $2,854 $154,335 $0 $0
2021 $2,787 $149,840 $0 $0
2020 $3,744 $150,000 $0 $150,000
2019 $3,878 $155,000 $0 $155,000
2018 $3,052 $145,000 $0 $145,000
2017 $3,001 $145,000 $0 $0
2016 $2,939 $93,170 $0 $0
2015 $2,881 $84,700 $0 $0
2014 $2,592 $77,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    Megan Dunn

    Compass Florida LLC

    (561) 267-3362

    4 in this area

    56 Total Sales

    Section Image

  • B

    Seller Co-Listing Agent in 2020

    Ben Slayen

    Compass Florida LLC

    (561) 909-7796

    4 in this area

    47 Total Sales

    Section Image
  • Jason Litt

    Buyer's Agent in 2020

    Jason Litt

    LoKation

    (561) 860-7637

    2 in this area

    162 Total Sales

    Section Image

  • G

    Seller's Agent in 2018

    Gina Ferri

    RE/MAX

    (954) 242-7411

    4 in this area

    17 Total Sales

    Section Image

  • B

    Buyer's Agent in 2018

    Bradley Mayo

    The Keyes Company

  • Brad Mayo

    Buyer's Agent in 2018

    Brad Mayo

    The Keyes Company (Tequesta)

    (561) 714-4264

    50 Total Sales

    Section Image
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Map

Source: BeachesMLS

MLS Number: R10644206

BeachesMLS

APN: 36-43-42-21-28-009-2040

Florida Palm Beach County West Palm Beach 33403

1050 Lake Shore Dr Unit 204, West Palm Beach, FL

This home is located at 1050 Lake Shore Dr Unit 204, West Palm Beach, FL 33403 since 04 August 2020 and is currently estimated at $352,120, approximately $293 per square foot. This property was built in 1989. 1050 Lake Shore Dr Unit 204 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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