1620 16th Way West Palm Beach, FL 33407
Spencer Lakes Neighborhood
2
Beds
2.5
Baths
1,236
Sq Ft
$455/mo
HOA Fee
Highlights
- Community Pool
- Separate Shower in Primary Bathroom
- Tile Flooring
- Tennis Courts
- Walk-In Closet
- Central Heating and Cooling System
About This Home
As of September 2023Welcome to this quaint and tranquil 2-bedroom, 2.5-bathroom townhome, conveniently situated in the heart of West Palm Beach. The home boasts an upgraded bathrooms, with tile flooring throughout the first floor and a brand new AC unit installed in 2022. You'll also find a convenient washer/dryer in the unit. Step outside to a spacious and inviting courtyard, complete with a storage shed. Whether you're looking to own or invest, this property allows immediate rental opportunities, making it an ideal choice for both first-time buyers and investors. You'll have easy access to a variety of amenities, including restaurants, shopping centers, PB Outlets, downtown West Palm Beach, three international airports and stunning beaches in the area. The community itself offers an abundance of recreation
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $4,209
Year Built
- Built in 1983
HOA Fees
- $455 Monthly HOA Fees
Interior Spaces
- 1,236 Sq Ft Home
- 2-Story Property
Kitchen
- Electric Range
- Microwave
- Dishwasher
Flooring
- Carpet
- Laminate
- Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- Walk-In Closet
- Separate Shower in Primary Bathroom
Laundry
- Dryer
- Washer
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 74424301070000782
Community Details
Overview
- Village Of Sandalwood Subdivision
Recreation
- Tennis Courts
- Community Basketball Court
- Community Pool
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 3, 2023
Closed on
Sep 1, 2023
Sold by
Russell Jessica D and Russell Dominique K
Bought by
Rodriguez David Iglesias and Carlson Jenesa
Seller's Agent
Quan Diep
EXP Realty LLC
List Price
$290,000
Sold Price
$293,500
Premium/Discount to List
$3,500
1.21%
Views
57
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$11,746
Avg. Annual Appreciation
-3.24%
Original Mortgage
$14,727
Outstanding Balance
$14,476
Interest Rate
6.81%
Estimated Equity
$261,027
Purchase Details
Listed on
Mar 23, 2021
Closed on
May 14, 2021
Sold by
Kirec Lynne and Suguitan Lynne A
Bought by
Russell Jessica D and Brown Dominique K
Seller's Agent
Natalie Ruskay
Allied Property Mgmt Group Inc
Buyer's Agent
Samantha Williams
RH Realty
List Price
$180,000
Sold Price
$185,000
Premium/Discount to List
$5,000
2.78%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.22%
Original Mortgage
$181,649
Interest Rate
3.1%
Mortgage Type
FHA
Purchase Details
Closed on
Sep 30, 2004
Sold by
Gephart Joseph and Gephart Lori
Bought by
Suguitan Lynn A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 29, 1994
Sold by
Mercurio Dean and Mercurio Lorraine
Bought by
Gephart Joseph and Gephart Lori
Similar Homes in West Palm Beach, FL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $293,500 | Florida International Title & | |
| Warranty Deed | $185,000 | Attorney | |
| Warranty Deed | $156,000 | Palm Beach Gardens Title Inc | |
| Warranty Deed | $53,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $14,727 | No Value Available | |
| Open | $294,543 | VA | |
| Previous Owner | $181,649 | FHA | |
| Previous Owner | $139,000 | Purchase Money Mortgage | |
| Previous Owner | $81,900 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/01/2023 09/01/23 | Sold | $293,500 | +1.2% | $237 / Sq Ft |
| 08/03/2023 08/03/23 | For Sale | $290,000 | +56.8% | $235 / Sq Ft |
| 05/14/2021 05/14/21 | Sold | $185,000 | +2.8% | $150 / Sq Ft |
| 04/14/2021 04/14/21 | Pending | -- | -- | -- |
| 03/23/2021 03/23/21 | For Sale | $180,000 | 0.0% | $146 / Sq Ft |
| 08/01/2014 08/01/14 | Rented | $1,250 | 0.0% | -- |
| 07/02/2014 07/02/14 | Under Contract | -- | -- | -- |
| 06/26/2014 06/26/14 | For Rent | $1,250 | +13.6% | -- |
| 01/02/2013 01/02/13 | For Rent | $1,100 | +4.8% | -- |
| 01/02/2013 01/02/13 | Rented | $1,050 | -- | -- |
Source: BeachesMLS
Tax History Compared to Growth
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 | $5,370 | $240,609 | -- | -- |
| 2023 | $4,704 | $198,890 | $0 | $225,609 |
| 2022 | $4,210 | $180,809 | $0 | $0 |
| 2021 | $3,346 | $142,493 | $0 | $142,493 |
| 2020 | $3,089 | $130,493 | $0 | $130,493 |
| 2019 | $2,932 | $127,493 | $0 | $127,493 |
| 2018 | $2,598 | $122,405 | $0 | $122,405 |
| 2017 | $2,379 | $111,405 | $0 | $0 |
| 2016 | $2,217 | $83,062 | $0 | $0 |
| 2015 | $2,063 | $75,511 | $0 | $0 |
| 2014 | $1,906 | $68,646 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Q
Seller's Agent in 2023
Quan Diep
EXP Realty LLC
(561) 315-3563
4 in this area
110 Total Sales
-
N
Seller's Agent in 2021
Natalie Ruskay
Allied Property Mgmt Group Inc
(561) 846-0276
3 in this area
45 Total Sales
-
Buyer's Agent in 2021
Samantha Williams
RH Realty
(561) 966-4000
1 in this area
11 Total Sales
-
S
Buyer's Agent in 2014
Shawn Samperi
Rinker Realty
-
K
Buyer's Agent in 2013
Kathleen Joyce
Inactive member
Map
Source: BeachesMLS
MLS Number: R10909181
APN: 74-42-43-01-07-000-0782
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