NOT LISTED FOR SALE

1970 S Dixie Hwy Unit R2 West Palm Beach, FL 33401

El Cid Neighborhood

Estimated Value: $594,000 - $1,380,000

2 Beds
3 Baths
1,873 Sq Ft
$457/Sq Ft Est. Value

Last Sold June 30, 2016

Last sale price $345,000 $184 Per Sq Ft

Est. 148% increase in value since last sale

Current estimated payment $5,567/month

About This Home

As of June 2016

Turn-key furnished & available for Seasonal or Annual rental at Annex of Magnolia Court in West Palm Beach! This rarely available corner view 2 story condo boasts high ceilings, a well-appointed kitchen with quartzite counters, new wood vinyl floors, crown molding and covered balcony with BBQ. Featuring 2 BR and 2 BA upstairs, the owner's suite has a bathroom with separate shower & spa tub, huge walk-in closet and private balcony. You will enjoy the beautifully furnished interior complete with central vac and all impact glass and plantation shutters for quiet living. Elegant-tropical landscaping with a tree lined courtyard, stunning swimming pool & grill area. Ideally located near favorite restaurants and shops, Palm Beach Day Academy, The Greene School, Norton Museum and Downtown WPB.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2016
Closed on
Jun 30, 2016
Sold by
Mpx 822 Llc
Bought by
Varone Sherry
Seller's Agent
Cynthia Nalley
Acquire Palm Beach LLC
Buyer's Agent
Susan Hoffman
Distinctive Realty Group LLC
List Price
$355,000
Sold Price
$345,000
Premium/Discount to List
-$10,000
-2.82%
Current Estimated Value
$856,400

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$511,400
Avg. Annual Appreciation
10.72%
Original Mortgage
$258,750
Outstanding Balance
$208,742
Interest Rate
3.49%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$647,658

Purchase Details

Closed on
Jul 25, 2013
Sold by
Miller Mark
Bought by
Mpx-822 Llc

Purchase Details

Listed on
Jun 2, 2011
Closed on
Apr 8, 2013
Sold by
Bersek Allen J and Bersek Alan J
Bought by
Miller Mark
Seller's Agent
Sherry Lee
Lee Property Sales Inc.
Buyer's Agent
Sherry Lee
Lee Property Sales Inc.
List Price
$330,000
Sold Price
$275,000
Premium/Discount to List
-$55,000
-16.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.79%

Purchase Details

Closed on
Aug 19, 2005
Sold by
Magnolia Court Development Corp
Bought by
Bersek Alan J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,996
Interest Rate
5.61%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
Varone Sherry $345,000 Title Matters Llc
Mpx-822 Llc -- Attorney
Miller Mark $275,000 Kpc Title Agency Llc
Bersek Alan J $357,495 Title Matters Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Varone Sherry $258,750
Previous Owner Bersek Alan J $285,996
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/13/2023 12/13/23 Rented $7,500 +25.0% --
12/04/2023 12/04/23 Under Contract -- -- --
10/06/2023 10/06/23 For Rent $6,000 0.0% --
06/30/2016 06/30/16 Sold $345,000 -2.8% $184 / Sq Ft
05/31/2016 05/31/16 Pending -- -- --
04/25/2016 04/25/16 For Sale $355,000 +29.1% $190 / Sq Ft
04/08/2013 04/08/13 Sold $275,000 -16.7% $147 / Sq Ft
03/09/2013 03/09/13 Pending -- -- --
06/02/2011 06/02/11 For Sale $330,000 -- $176 / 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 $9,104 $435,000 -- --
2023 $5,564 $302,357 $0 $0
2022 $5,497 $293,550 $0 $0
2021 $5,478 $285,000 $0 $285,000
2020 $5,643 $290,000 $0 $290,000
2019 $5,699 $290,000 $0 $290,000
2018 $5,505 $290,000 $0 $290,000
2017 $5,560 $290,000 $0 $0
2016 $5,952 $260,000 $0 $0
2015 $5,768 $245,000 $0 $0
2014 $5,594 $235,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    JULIE OLSON

    Brown Harris Stevens of Palm Beach 7232

  • R

    Seller Co-Listing Agent in 2023

    Richard Berman

    Brown Harris Stevens of Palm Beach 7232

    (561) 723-6203

    20 Total Sales

    Richard Berman
    Section Image
  • Cynthia Nalley

    Seller's Agent in 2016

    Cynthia Nalley

    Acquire Palm Beach LLC

    (561) 309-7770

    1 in this area

    28 Total Sales

    Cynthia Nalley
    Section Image
  • Susan Hoffman

    Buyer's Agent in 2016

    Susan Hoffman

    Distinctive Realty Group LLC

    (561) 876-6311

    1 Total Sale

    Susan Hoffman
    Section Image
  • Sherry Lee

    Seller's Agent in 2013

    Sherry Lee

    Lee Property Sales Inc.

    (772) 266-4336

    19 Total Sales

    Sherry Lee
    Section Image
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Map

Florida Palm Beach County West Palm Beach 33401 El Cid

1970 S Dixie Hwy Unit R2, West Palm Beach, FL

This home is located at 1970 S Dixie Hwy Unit R2, West Palm Beach, FL 33401 and is currently estimated at $856,400, approximately $457 per square foot. 1970 S Dixie Hwy Unit R2 is a home located in Palm Beach County with nearby schools including Palm Beach Public School, Conniston Middle School, and Forest Hill Community High School.

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