$725,000
SOLD JUN 15, 2016

2155 Ibis Isle Rd Unit 2 Palm Beach, FL 33480

2 Beds
2 Baths
1,486 Sq Ft
$1,592/mo HOA Fee

Recently Sold

$488 Per Sq Ft

21 Days on Market

Highlights

  • Doorman
  • Ocean Front
  • Lanai
  • Palm Beach Public School Rated A-
  • Outdoor Pool
  • Balcony

About This Home

As of December 2021

Spacious two bedroom, two bath waterfront condo with unobstructed Intracoastal views and an oversized terrace. This sunny corner unit has breathtaking water views with North, West and East exposures. Short walk to beach and Phipps Park.

Last Agent to Sell the Property

Christine Gibbons

Sotheby's International Realty, Inc. License #682260 Listed on: 04/08/2016

Sotheby's International Realty, Inc.

Co-Listed By

Shannon Reed

Sotheby's International Realty, Inc. License #3115910

Last Buyer's Agent

Michael Misisco

Sotheby's International Realty, Inc. License #BK-3348026

Sotheby's International Realty, Inc.

Property Details

Home Type

  • Condo-Op

Est. Annual Taxes

  • $4,844

Year Built

  • Built in 1970

Lot Details

  • Ocean Front
  • Property fronts an intracoastal waterway
  • Home has sun exposure from multiple directions
  • Gated Home

HOA Fees

  • $1,592 Monthly HOA Fees

Parking

  • 1 Parking Space

Interior Spaces

  • 1,486 Sq Ft Home
  • 4-Story Property
  • Dining Area

Kitchen

  • Single Oven
  • Electric Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

  • Hurricane or Storm Shutters
  • Fire and Smoke Detector

Outdoor Features

  • Outdoor Pool
  • Balcony
  • Patio
  • Lanai

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 50434415290000020

Community Details

Overview

  • Association fees include insurance, cable TV, common area, maintenance exterior, trash, sewer, water
  • 22 Units
  • Tower Vallencay Community
  • On-Site Maintenance

Amenities

  • Doorman
  • Common Area
  • Elevator

Pet Policy

  • No Pets Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condo-Op

Est. Annual Taxes

$4,844

Year Built

Built in 1970

Lot Details

0

HOA Fees

$1,592 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Condo/Co-Op
  • Directions: Across from Phipps Park on A1-A
  • Building Name: Tower Vallencay
  • Year Built: 1970
  • Location Tax Legal:Name of Building: Tower Vallencay
  • Location Tax Legal:Zoned: RD-1
  • Location Tax Legal:Homestead Exempt: No
  • Location Tax Legal:Taxes2: 4844.47
  • Location Tax Legal:Tax Year2: 2015
  • General Property Description:Living Area: 1486.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: Yes
  • General Property Description:Maintenance Amount: 4775.0
  • General Property Description:Per: Quarter
  • General Property Description:_pound_ Units in Complex: 22
  • General Property Description:_pound_ Floors: 4.0
  • Exposure of Unit:East2: Yes
  • Pool:Pool3: Yes
  • Floors:Tile: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • Laundry:Laundry in Unit: Yes
  • Security:Door Person: Yes
  • Services Included:Full Time Manager: Yes
  • Maintenance Includes:Common Area: Yes
  • Maintenance Includes:Exterior Bldg: Yes
  • Maintenance Includes:Garbage Pickup: Yes
  • Maintenance Includes:Sewer2: Yes
  • Maintenance Includes:Water2: Yes
  • Exposure of Unit:North2: Yes
  • Floors:WW Carpeting: Yes
  • Pets:Pets Allowed: No
  • Security:Gate House: Yes
  • Exposure of Unit:West2: Yes
  • Maintenance Includes:Cable TV: Yes
  • Waterfront-Building:Intracoastal-Direct2: Yes
  • Restrictions:No Pets Allowed: Yes
  • Waterfront-Unit:Intracoastal-Direct3: Yes
  • Waterfront-Building:Ocean- Across Street: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Freezer, Oven-Single, Microwave, Washer, Dryer, Range - Electric
  • Total Bedrooms: 2
  • Flooring: Tile, W/W Carpeting
  • Interior Amenities: Cable, Smoke Alarms
  • Living Area: 1486.0
  • Stories: 4
  • Interior Features:Smoke Alarms: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Freezer: Yes
  • Interior Features:Cable: Yes
  • Appliances:Range - Electric: Yes
  • Other Rooms:Dining Area: Yes
  • Appliances:Oven-Single: Yes

Exterior Features

  • Pool Features: Pool
  • Pool Private: Yes
  • Exterior Features: Balcony, Patio/Lanai, Storm Shutters- Auto, Elevator
  • Exterior Features:Balcony: Yes
  • Exterior Features:Elevator2: Yes
  • Exterior Features:PatioLanai: Yes
  • Exterior Features:Storm Shutters- Auto: Yes

Garage/Parking

  • Parking:_one_ Car2: Yes

Utilities

  • Laundry Features: Laundry in Unit
  • Security: Gate House, Other Security, Door Person
  • Heating: Central Air, Central Heat
  • Heating Yn: Yes

Condo/Co-op/Association

  • Amenities: Full Time Manager
  • Association: Yes
  • Pets Allowed: No

Association/Amenities

  • Restrictions:Condo Association: Yes

Fee Information

  • Association Fee Includes: Insurance, Cable TV, Common Area, Maintenance Exterior, Trash, Sewer, Water

Lot Info

  • Development Status: Land Owned
  • Parcel #: 50434415290000020
  • Zoning: RD-1

Multi Family

  • Number Of Units Total: 22
  • Maintenance Expense: 4775.0

Tax Info

  • Tax Annual Amount: 4844.47
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 25, 2021
Closed on
Dec 14, 2021
Sold by
Carroll William C and Estate Of William L Burke
Bought by
Seybert Kim Elaine
Seller's Agent
Linda R Olsson
Linda R. Olsson, Inc.
Buyer's Agent
STEPHEN SIMPSON
William Raveis Real Estate
List Price
$1,195,000
Sold Price
$1,450,000
Premium/Discount to List
$255,000
21.34%
Current Estimated Value
$1,718,717

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$268,717
Avg. Annual Appreciation
4.80%
Original Mortgage
$840,000
Outstanding Balance
$780,279
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$946,051

Purchase Details

Listed on
Apr 8, 2016
Closed on
Jun 15, 2016
Sold by
Gschwandtner Gerhard and Gschwandtner Laura
Bought by
Burke William L
Seller's Agent
Christine Gibbons
Sotheby's International Realty, Inc.
Buyer's Agent
Michael Misisco
Sotheby's International Realty, Inc.
List Price
$725,000
Sold Price
$725,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.43%
Original Mortgage
$580,000
Interest Rate
3.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 3, 1997
Sold by
Fleschner Malcolm K and Fleschner Janice
Bought by
Gschwandtner Gerhard and Gschwandtner Laura

Purchase Details

Closed on
Sep 4, 1996
Sold by
Oldham Saw Co Inc
Bought by
Fleschner Malcolm K and Fleschner Janice

Purchase Details

Closed on
Aug 16, 1996
Sold by
Oldham Saw Co Inc
Bought by
Fleschner Malcolm K and Fleschner Janice
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Personal Reps Deed $1,450,000 Attorney
Warranty Deed $725,000 None Available
Quit Claim Deed $100 --
Warranty Deed $100 --
Warranty Deed $170,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $840,000 New Conventional
Previous Owner $580,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/14/2021 12/14/21 Sold $1,450,000 +21.3% $976 / Sq Ft
11/14/2021 11/14/21 Pending -- -- --
10/25/2021 10/25/21 For Sale $1,195,000 +64.8% $804 / Sq Ft
06/15/2016 06/15/16 Sold $725,000 0.0% $488 / Sq Ft
04/29/2016 04/29/16 Pending -- -- --
04/08/2016 04/08/16 For Sale $725,000 -- $488 / Sq Ft
Source: Palm Beach Board of REALTORS®

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 $17,723 $998,250 -- --
2023 $15,183 $907,500 $0 $0
2022 $13,097 $825,000 $0 $0
2021 $10,441 $655,000 $0 $655,000
2020 $9,317 $545,000 $0 $545,000
2019 $8,848 $545,000 $0 $545,000
2018 $8,564 $545,000 $0 $545,000
2017 $9,406 $545,000 $0 $0
2016 $4,655 $265,000 $0 $0
2015 $4,844 $265,000 $0 $0
2014 $4,610 $247,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 16-856

APN: 50-43-44-15-29-000-0020