NOT LISTED FOR SALE

16040 Rain Lilly Way Unit 16040 Loxahatchee, FL 33470

Estimated Value: $504,335 - $605,000

3 Beds
2 Baths
1,484 Sq Ft
$378/Sq Ft Est. Value

Highlights

  • Lake Front
  • Newly Remodeled
  • Clubhouse
  • Golden Grove Elementary School Rated A-
  • Gated Community
  • No HOA

About This Home

As of April 2024

This Westlake residence, located in a highly desirable area, features 3 bedrooms, 2 bathrooms, and a spacious 2-car garage. The sleek and contemporary design highlights an expansive kitchen with an inviting island and stunning lake views that fill the home with natural light. The property is part of a resort-style community offering amenities such as lagoon pools, a 3-story slide, splash parks, a performance pavilion, a dog park, a BMX pump park, and more. Additionally, the community is close to West Palm Beach airport and the ocean, with A-rated schools, shops, and restaurants nearby. The landlord seeks tenants with excellent credit and income, offering a great opportunity to live in Florida's sought-after new city.

Last Agent to Rent the Property

Sidney Besse

Beachfront Realty Inc License #3306655 Listed on: 12/05/2023

Beachfront Realty Inc

Last Renter's Agent

Gabriel Martinez

Partnership Realty Inc. License #3094740

Partnership Realty Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,538

Year Built

  • Built in 2018 | Newly Remodeled

Lot Details

  • 6,765 Sq Ft Lot
  • 1 Ft Wide Lot
  • Lake Front
  • North Facing Home

Parking

  • 2 Car Attached Garage

Home Design

  • Shingle Roof

Interior Spaces

  • 1,484 Sq Ft Home
  • Ceiling Fan
  • Lake Views

Kitchen

  • Electric Range
  • Microwave

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Patio

Schools

  • Golden Grove Elementary School
  • Seminole Ridge Community High School

Utilities

  • Central Air
  • Electric Water Heater

Listing and Financial Details

  • Property Available on 12/5/23
  • 1 Year With Renewal Option Lease Term
  • Assessor Parcel Number 77404301060001550

Community Details

Overview

  • No Home Owners Association
  • Hammocks Of Westlake Subdivision
  • Maintained Community
  • The community has rules related to no recreational vehicles or boats

Amenities

  • Picnic Area
  • Clubhouse

Recreation

  • Handball Court
  • Community Pool

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,538

Year Built

Built in 2018 | Newly Remodeled

Lot Details

0

Parking

2

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions
  • Available Date: 2023-12-05
  • Lease Term: 1 Year With Renewal Option

Listing Details

  • Property Type: Residential Lease
  • Year Built: 2018
  • Property Sub Type: Single Family Residence
  • Architectural Style: First Floor Entry
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: None
  • Lease Assignable: No
  • New Construction: No
  • Structure Type: Single Family-Annual, House
  • Subdivision Name: HAMMOCKS OF WESTLAKE
  • Year Built Details: New Construction
  • MIAMIRE_PoolYN: No
  • MIAMIRE_PetsAllowedYN: Yes
  • ResoPropertyType: ResidentialLease
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dryer, Electric Water Heater, Microwave, Electric Range, Refrigerator, Washer
  • Interior Amenities: First Floor Entry
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Carpet, Tile
  • Furnished: Unfurnished
  • Living Area: 1484

Exterior Features

  • Roof: Shingle
  • View: Lake
  • Direction Faces: North
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Patio And Porch Features: Patio
  • Pool Private: No
  • Property Condition: New Construction
  • View: Yes
  • Waterfront Features: Lake
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: HAMMOCKS OF WESTLAKE
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: 1 Space, No Rv/Boats

Utilities

  • Sewer: Sewer
  • Water Source: Municipal Water
  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes

Condo/Co-op/Association

  • Amenities: Clubhouse, Community Pool, Handball/Basketball, Maintained Community
  • Association: No
  • Community Features: Clubhouse, Pool, Gated Community, Maintained Community, Picnic Area

Schools

  • Elementary School: Golden Grove
  • High School: Seminole Ridge Community

Lot Info

  • Parcel Number: 77404301060001550
  • Land Lease: No
  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 6765
  • ResoLotSizeUnits: SquareFeet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 13, 2018
Sold by
Minto Pblh Llc
Bought by
Yahya David Noel
Current Estimated Value
$566,425

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,342
Outstanding Balance
$213,954
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$355,428
Source: Public Records

Range of Values:

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Average Value
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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
Yahya David Noel $325,790 Founders Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yahya David Noel $244,342
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2024 04/01/24 Rented $2,750 -3.5% --
02/20/2024 02/20/24 Under Contract -- -- --
02/06/2024 02/06/24 Price Changed $2,850 -1.7% $2 / Sq Ft
01/22/2024 01/22/24 Price Changed $2,900 -7.9% $2 / Sq Ft
01/11/2024 01/11/24 Price Changed $3,150 -7.4% $2 / Sq Ft
01/06/2024 01/06/24 Price Changed $3,400 -2.9% $2 / Sq Ft
12/26/2023 12/26/23 Price Changed $3,500 -4.8% $2 / Sq Ft
12/11/2023 12/11/23 Price Changed $3,675 -2.0% $2 / Sq Ft
12/05/2023 12/05/23 For Rent $3,750 +70.5% --
10/01/2019 10/01/19 Rented $2,200 0.0% --
09/23/2019 09/23/19 Under Contract -- -- --
09/16/2019 09/16/19 Price Changed $2,200 -4.3% $1 / Sq Ft
09/16/2019 09/16/19 For Rent $2,300 +9.5% --
09/28/2018 09/28/18 Rented $2,100 0.0% --
09/07/2018 09/07/18 Under Contract -- -- --
08/11/2018 08/11/18 Price Changed $2,100 -8.7% $1 / Sq Ft
08/06/2018 08/06/18 Price Changed $2,300 -11.5% $1 / Sq Ft
08/01/2018 08/01/18 Price Changed $2,600 -10.3% $1 / Sq Ft
07/22/2018 07/22/18 For Rent $2,900 -- --
Source: MIAMI REALTORS® MLS

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 $9,538 $348,810 -- --
2023 $8,950 $317,100 $0 $0
2022 $7,940 $288,273 $0 $0
2021 $6,892 $262,066 $60,000 $202,066
2020 $6,236 $256,501 $60,000 $196,501
2019 $6,520 $262,708 $60,000 $202,708
2018 $1,835 $60,000 $60,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11495993

MIAMI REALTORS® MLS

APN: 77-40-43-01-06-000-1550