NOT LISTED FOR SALE

1950 Presidential Way Unit 6 West Palm Beach, FL 33401

Banyan Cay Neighborhood

Estimated Value: $536,000 - $561,000

3 Beds
3.5 Baths
1,743 Sq Ft
$313/Sq Ft Est. Value

Last Sold June 09, 2017

Last sale price $295,000 $169 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $4,105/month

90 Days on Market

Highlights

  • Golf Course Community
  • Golf Course View
  • Mediterranean Architecture
  • Gated with Attendant
  • Wood Flooring
  • High Ceiling

About This Home

As of June 2017

Gorgeous townhome w/double garage on 3 floors. Two bedrooms upstairs, each with ensuite bath. One bedroom downstairs w/ensuite bath. Powder room for guests. Upstairs laundry. Fabulous designer concept main floor w/ open kitchen/living area. 42'' wood cabinets in the kitchen, w/quality stainless appliances & vent hood. Wood floors. Volume ceilings. House & Garden bathrooms w/granite counters & detailed wood vanities. Jacuzzi tub & separate shower in master bath. Gorgeous view of the golf course. There are 12 townhomes configured in a U-shape w/a Mediterranean flavor. #6 is at the back of the U, directly on the golf course. Patio on ground floor. Balcony off living room. Very bright and airy home. All windows & sliders are hurricane glass. Tons of storage...(see supplement for full remarks).

Last Agent to Sell the Property

Scott Alexander

Kanga Property Management License #3238402 Listed on: 02/08/2017

Kanga Property Management

Last Buyer's Agent

Eugene Dremov

The Keyes Company (PBG) License #3263552

The Keyes Company (PBG)

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,238

Year Built

  • Built in 2006

Lot Details

  • 1

HOA Fees

  • $533 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Mediterranean Architecture

Interior Spaces

  • 1,743 Sq Ft Home
  • 3-Story Property
  • High Ceiling
  • Entrance Foyer
  • Great Room
  • Combination Dining and Living Room
  • Golf Course Views

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Balcony
  • Open Patio

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 74434317320000060

Community Details

Overview

  • Association fees include management, cable TV, insurance, maintenance structure, pest control, reserve fund, trash, water
  • 12 Units
  • Lands Of The President Subdivision

Recreation

  • Golf Course Community
  • Trails

Pet Policy

  • Pets Allowed

Security

  • Gated with Attendant
  • Impact Glass

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,238

Year Built

Built in 2006

Lot Details

0

HOA Fees

$533 per month

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Townhouse
  • Property Sub Type Additional: Townhouse
  • Directions: Palm Beach Lakes to Congress north, entrance to Lands of Pres on right.
  • Year Built: 2006
  • Architectural Style: Mediterranean
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Breakfast Bar, Entrance Foyer, Eat-in Kitchen, High Ceilings, Living/Dining Room, Pantry, Split Bedrooms, Separate Shower, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Electric Range, Disposal, Microwave, Refrigerator, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Carpet, Ceramic Tile, Wood
  • Living Area: 1743.0
  • Dining Room Type: Great Room
  • Stories: 3
  • Window Features: Impact Glass

Exterior Features

  • Exterior Features: Balcony, Patio
  • View: Golf Course
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Balcony, Open, Patio
  • Property Condition: Resale

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Garage Yn: Yes
  • Parking Features: Attached, Garage, Garage Door Opener

Utilities

  • Security: Gated with Guard, Security Guard
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 533.0
  • Community Features: Golf, Golf Course Community, Sidewalks
  • Senior Community: No
  • Amenities: Golf Course, Trail(s)
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Association Management, Cable TV, Insurance, Maintenance Structure, Pest Control, Reserve Fund, Trash, Water

Lot Info

  • Parcel #: 74434317320000060
  • Zoning Description: Res

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 4238.0

Multi Family

  • Number Of Units In Community: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 2, 2020
Sold by
Dremov Ivan and Vincent Normandy
Bought by
The Vincent Dremov Family Trust
Current Estimated Value
$545,843

Purchase Details

Listed on
Feb 8, 2017
Closed on
Jun 9, 2017
Sold by
Presidential Way 6 Llc
Bought by
Dremov Ivan
Seller's Agent
Scott Alexander
Kanga Property Management
Buyer's Agent
Eugene Dremov
The Keyes Company (PBG)
List Price
$335,000
Sold Price
$295,000
Premium/Discount to List
-$40,000
-11.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.65%
Original Mortgage
$221,250
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 9, 2011
Sold by
Jacoby Ronald I and The Ronald I Jacoby Revocable
Bought by
Presidential Way #6 Llc

Purchase Details

Closed on
Apr 18, 2006
Sold by
P L Group Inc
Bought by
Jacoby Ronald I and The Ronald I Jacoby Revocable Trust
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
The Vincent Dremov Family Trust -- Attorney
Vincent Dremov Family Trust -- Attorney
Dremov Ivan $295,000 Attorney
Presidential Way #6 Llc $165,000 Universal Land Title Llc
Jacoby Ronald I $424,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dremov Ivan $221,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/09/2017 06/09/17 Sold $295,000 -11.9% $169 / Sq Ft
05/10/2017 05/10/17 Pending -- -- --
02/08/2017 02/08/17 For Sale $335,000 0.0% $192 / Sq Ft
03/14/2014 03/14/14 Rented $2,000 0.0% --
02/12/2014 02/12/14 Under Contract -- -- --
01/17/2014 01/17/14 For Rent $2,000 -- --
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 $8,132 $332,750 -- --
2023 $7,936 $302,500 $0 $0
2022 $6,450 $275,000 $0 $0
2021 $5,633 $250,000 $0 $250,000
2020 $5,358 $235,000 $0 $235,000
2019 $5,409 $235,000 $0 $235,000
2018 $5,449 $245,000 $0 $245,000
2017 $4,686 $240,000 $0 $0
2016 $4,238 $176,000 $0 $0
2015 $3,809 $160,000 $0 $0
2014 $3,616 $150,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2017

    Scott Alexander

    Kanga Property Management

    (561) 386-6472

    4 in this area

    47 Total Sales

    Scott Alexander
    Section Image

  • E

    Buyer's Agent in 2017

    Eugene Dremov

    The Keyes Company (PBG)

    (631) 609-0351

    1 in this area

    2 Total Sales

    Eugene Dremov
    Section Image
See All Agents

Map

Source: BeachesMLS

MLS Number: R10306631

BeachesMLS

APN: 74-43-43-17-32-000-0060

Florida Palm Beach County West Palm Beach 33401 Banyan Cay

1950 Presidential Way Unit 6, West Palm Beach, FL

This home is located at 1950 Presidential Way Unit 6, West Palm Beach, FL 33401 since 08 February 2017 and is currently estimated at $545,843, approximately $313 per square foot. This property was built in 2006. 1950 Presidential Way Unit 6 is a home located in Palm Beach County with nearby schools including Roosevelt Elementary School, Roosevelt 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.

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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