NOT LISTED FOR SALE

118 1st Way West Palm Beach, FL 33407

Spencer Lakes Neighborhood

Estimated Value: $264,000 - $305,000

2 Beds
3 Baths
1,236 Sq Ft
$224/Sq Ft Est. Value

Last Sold February 24, 2012

Last sale price $65,000 $53 Per Sq Ft

Est. 326% increase in value since last sale

Current estimated payment $1,938/month

About This Home

As of February 2012

Extra large, beautifully upgraded townhouse with unique details and built in cabinetry. Brand new wood floors, freshly painted, custom kitchen, newer appliances, large walk in closet, split bedrooms with full balconies and Hampton fans. Close to Palm Beach Outlet with many shops and dining. Amenities include community pool, tennis courts and jogging trails.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2011
Closed on
Feb 24, 2012
Sold by
Zambrano Maria and Zambrano Maximo
Bought by
Kaplan Matthew B and Kaplan Ruth
Seller's Agent
Bill James
Inactive member
Buyer's Agent
Sherri Hanlon
Hanlon Realty Group LLC
List Price
$74,000
Sold Price
$65,000
Premium/Discount to List
-$9,000
-12.16%
Current Estimated Value
$276,943

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$211,943
Avg. Annual Appreciation
11.54%
Original Mortgage
$58,500
Outstanding Balance
$40,943
Interest Rate
3.89%
Mortgage Type
New Conventional
Estimated Equity
$236,000

Purchase Details

Closed on
Aug 19, 2005
Sold by
Lacroux Renee Ann
Bought by
Zambrano Maximo and Zambrano Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,000
Interest Rate
1.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 14, 2003
Sold by
Michaud Eric A
Bought by
Lacroix Renee Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,600
Interest Rate
5.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 12, 2001
Sold by
Brenda L Hayden I
Bought by
Michaud Eric A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,380
Interest Rate
7.12%
Mortgage Type
FHA

Range of Values:

Collateral Analytics

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ICE

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Quantarium

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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
Kaplan Matthew B $65,000 None Available
Zambrano Maximo $205,000 --
Lacroix Renee Ann $114,000 Clarion Title Company
Michaud Eric A $79,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kaplan Matthew B $58,500
Previous Owner Zambrano Maximo $164,000
Previous Owner Lacroix Renee Ann $18,247
Previous Owner Lacroix Renee Ann $102,600
Previous Owner Michaud Eric A $78,380
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2016 05/27/16 Rented $1,375 0.0% --
04/27/2016 04/27/16 Under Contract -- -- --
04/13/2016 04/13/16 For Rent $1,375 +14.6% --
04/02/2012 04/02/12 For Rent $1,200 0.0% --
04/02/2012 04/02/12 Rented $1,200 0.0% --
02/24/2012 02/24/12 Sold $65,000 -12.2% $53 / Sq Ft
01/25/2012 01/25/12 Pending -- -- --
10/06/2011 10/06/11 For Sale $74,000 -- $60 / Sq Ft

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 $4,653 $180,905 -- --
2023 $4,314 $164,459 $0 $0
2022 $3,789 $149,508 $0 $0
2021 $3,412 $147,493 $0 $147,493
2020 $3,153 $135,493 $0 $135,493
2019 $2,988 $131,493 $0 $131,493
2018 $2,655 $127,405 $0 $127,405
2017 $2,408 $112,405 $0 $0
2016 $2,244 $84,393 $0 $0
2015 $2,089 $76,721 $0 $0
2014 $1,931 $69,746 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2016

    Rashad Leonce

    RE/MAX

    (561) 651-4159

    6 Total Sales

    Rashad Leonce
    Section Image

  • S

    Seller's Agent in 2012

    Scott Alexander

    Kanga Property Management

    (561) 386-6472

    2 in this area

    50 Total Sales

    Scott Alexander
    Section Image

  • B

    Seller's Agent in 2012

    Bill James

    Inactive member

  • Sherri Hanlon

    Buyer's Agent in 2012

    Sherri Hanlon

    Hanlon Realty Group LLC

    (561) 889-2984

    71 Total Sales

    Sherri Hanlon
    Section Image
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Map

Florida Palm Beach County West Palm Beach 33407 Spencer Lakes

118 1st Way, West Palm Beach, FL

Homes for Sale in West Palm Beach, FL

This home is located at 118 1st Way, West Palm Beach, FL 33407 and is currently estimated at $276,943, approximately $224 per square foot. 118 1st Way is a home located in Palm Beach County with nearby schools including Egret Lake Elementary School, Bear Lakes Middle School, and Palm Beach Lakes 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.

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