NOT LISTED FOR SALE

1601 Balfour Point Dr Unit E West Palm Beach, FL 33411

Golden Lakes Neighborhood

Estimated Value: $194,099 - $225,000

2 Beds
2 Baths
904 Sq Ft
$372/mo HOA Fee

Last Sold July 11, 2024

Last sale price $210,000 $232 Per Sq Ft

Current estimated payment $1,715/month

26 Days on Market

Highlights

  • Clubhouse
  • High Ceiling
  • Balcony
  • Garden View
  • Great Room
  • Walk-In Closet

About This Home

As of July 2024

2nd-floor condo boasting 2 bedrooms and 2 bathrooms, with a Balcony in this investment-friendly community. Currently tenant-occupied until 02/28/2025, yielding $1,950/month in rental income. Immaculately maintained, with freshly painted walls and laminated wood flooring in all bedrooms, while sleek tile flooring graces the remainder of the living space. The kitchen and bathrooms are adorned with exquisite granite countertops and feature a stainless steel undermount sink with disposal., stainless steel appliances including a newer refrigerator and microwave. A newer full-size washer and dryer

Last Agent to Sell the Property

Refik Kalyoncu

Lara Real Estate Group License #3337437 Listed on: 05/04/2024

Last Buyer's Agent

Refik Kalyoncu

Lara Real Estate Group License #3337437 Listed on: 05/04/2024

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,561

Year Built

  • Built in 1989

Lot Details

  • Sprinkler System

HOA Fees

  • $372 Monthly HOA Fees

Home Design

  • Entry on the 2nd floor

Interior Spaces

  • 904 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Ceiling Fan
  • Great Room
  • Garden Views
  • Washer and Dryer

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

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

Home Security

Parking

  • Guest Parking
  • Assigned Parking

Outdoor Features

  • Balcony
  • Open Patio

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 00424329270286015

Community Details

Overview

  • Association fees include management, common areas, insurance, laundry, roof, sewer, security, trash, water
  • Palm Beach Place Condo Subdivision

Amenities

  • Clubhouse
  • Business Center
  • Laundry Facilities

Security

  • Security Guard
  • Resident Manager or Management On Site
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,561

Year Built

Built in 1989

Lot Details

0

HOA Fees

$372 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: OKEECHOBEE BLVD- S ON BENOIST FARM- L INTO PALM BEACH GRANDE
  • Year Built: 1989
  • Entry Level: 2
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: High Ceilings, Split Bedrooms, Tub Shower, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer/Dryer, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Ceramic Tile, Laminate
  • Living Area: 904.0
  • Dining Room Type: Great Room
  • Stories: 2

Exterior Features

  • Exterior Features: Balcony
  • View: Garden
  • Lot Features: Sprinklers Automatic
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Balcony, Open
  • Property Condition: Resale

Garage/Parking

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

Utilities

  • Laundry Features: Common Area
  • Security: Security Guard, Smoke Detector(s)
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 372.0
  • Community Features: Clubhouse, Non-Gated, Property Manager On-Site
  • Senior Community: No
  • Amenities: Business Center, Clubhouse, Laundry, Management
  • Association Fee Frequency: Monthly

Fee Information

  • Association Fee Includes: Association Management, Common Areas, Insurance, Laundry, Roof, Sewer, Security, Trash, Water

Lot Info

  • Parcel #: 00424329270286015
  • Lot Size: 1 to < 2 Acres,25 to < 5
  • Lot Size Sq Ft: 365.0
  • Zoning Description: RS
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 2561.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2024
Closed on
Jul 11, 2024
Sold by
Hatem Suzan
Bought by
Papo Erel
Seller's Agent
Refik Kalyoncu
Lara Real Estate Group
Buyer's Agent
Refik Kalyoncu
Lara Real Estate Group
List Price
$220,000
Sold Price
$210,000
Premium/Discount to List
-$10,000
-4.55%
Views
17
Current Estimated Value
$209,275

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$725
Avg. Annual Appreciation
-0.28%

Purchase Details

Closed on
Dec 14, 2018
Sold by
Balfour Point Llc
Bought by
Hatem Suzan

Purchase Details

Listed on
May 2, 2017
Closed on
Aug 1, 2017
Sold by
Hatem Izzet
Bought by
Balfour Point Llc
Seller's Agent
Refik Kalyoncu
MMLS Assoc.-Inactive Member

Purchase Details

Listed on
May 1, 2016
Closed on
Jul 11, 2016
Sold by
1601 Balfour Point Llc
Bought by
Hartem Izzet
Seller's Agent
Sam Fisch
Real Estate Solutions
Buyer's Agent
Refik Kalyoncu
Prestige Properties Group LLC
List Price
$89,000
Sold Price
$85,000
Premium/Discount to List
-$4,000
-4.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.25%

Purchase Details

Closed on
May 1, 2016
Bought by
Hatem Izzet

Purchase Details

Closed on
May 1, 2015
Sold by
Mogilevsky Ilia
Bought by
1601 Balfour Point Llc

Purchase Details

Closed on
Nov 19, 2014
Sold by
Jpmorgan Chase Bank Na
Bought by
Mogilevsky Ilia

Purchase Details

Closed on
Jun 21, 2013
Sold by
Jannotte Julie Ann
Bought by
Chase Home Finance Llc

Purchase Details

Closed on
Apr 30, 2008
Sold by
Kings Lake Crystal Development Ii Llc
Bought by
Jannotte Julie Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,626
Interest Rate
5.82%
Mortgage Type
FHA
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
Papo Erel $210,000 None Listed On Document
Hatem Suzan $117,600 Attorney
Balfour Point Llc -- Attorney
Balfour Point Llc -- Attorney
Hartem Izzet $85,000 None Available
Hatem Izzet $85,000 --
1601 Balfour Point Llc -- None Available
Mogilevsky Ilia $57,750 Bay National Title Company
Chase Home Finance Llc $39,100 None Available
Jannotte Julie Ann $152,990 Enterprise Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jannotte Julie Ann $150,626
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2024 07/11/24 Sold $210,000 -4.5% $232 / Sq Ft
05/31/2024 05/31/24 Pending -- -- --
05/04/2024 05/04/24 For Sale $220,000 0.0% $243 / Sq Ft
02/18/2023 02/18/23 For Rent $1,875 0.0% --
02/18/2023 02/18/23 Rented $1,875 +44.2% --
02/01/2020 02/01/20 Rented $1,300 0.0% --
01/02/2020 01/02/20 Under Contract -- -- --
12/16/2019 12/16/19 For Rent $1,300 +2.0% --
07/19/2019 07/19/19 Rented $1,275 -1.9% --
06/19/2019 06/19/19 Under Contract -- -- --
06/04/2019 06/04/19 For Rent $1,300 +4.0% --
06/19/2017 06/19/17 Rented -- -- --
05/16/2017 05/16/17 Under Contract -- -- --
05/02/2017 05/02/17 For Rent $1,250 0.0% --
07/11/2016 07/11/16 Sold $85,000 -4.5% $95 / Sq Ft
06/11/2016 06/11/16 Pending -- -- --
05/01/2016 05/01/16 For Sale $89,000 0.0% $99 / Sq Ft
06/25/2015 06/25/15 For Rent $1,200 0.0% --
06/25/2015 06/25/15 Rented $1,200 -- --
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 $2,803 $138,424 -- --
2023 $2,561 $125,840 $0 $0
2022 $2,356 $114,400 $0 $0
2021 $2,084 $104,000 $0 $104,000
2020 $2,009 $99,000 $0 $99,000
2019 $1,944 $94,000 $0 $94,000
2018 $1,678 $82,500 $0 $82,500
2017 $1,557 $75,500 $0 $0
2016 $1,474 $69,000 $0 $0
2015 $1,441 $65,000 $0 $0
2014 $1,267 $55,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10984389

BeachesMLS

APN: 00-42-43-29-27-028-6015