NOT LISTED FOR SALE

Lincoln Tower 2400 Presidential Way Unit 2050 West Palm Beach, FL 33401

Banyan Cay Neighborhood

Estimated Value: $149,822 - $199,000

1 Bed
1.5 Baths
898 Sq Ft
$623/mo HOA Fee

Last Sold March 26, 2013

Last sale price $55,000 $61 Per Sq Ft

Est. 216% increase in value since last sale

Current estimated payment $1,619/month

113 Days on Market

Highlights

  • Doorman
  • Golf Course Community
  • Community Pool
  • Water Views
  • Gated with Attendant
  • Tennis Courts

About This Home

As of March 2013

Move-in ready 1 bedroom, 1.5 bath second floor condo in Lands of the President's Lincoln Tower! Freshly painted throughout, updated tile in living areas, new bedroom carpet. Community laundry plus extra space for all-in-one washer/dryer in kitchen. This is a Fannie Mae HomePath property. Purchase this property for as little as 3% down! This property is approved for HomePath Mortgage Financing. This property is approved for HomePath Renovation Mortgage Financing.

Last Agent to Sell the Property

Warren Cleveland

Every Florida Home License #3204490 Listed on: 11/02/2012

Co-Listed By

Jeanne Greek

Gulfstream Properties License #3013868

Last Buyer's Agent

Val Oliva

Illustrated Properties License #0592128

Illustrated Properties

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $242

Year Built

  • Built in 1972

Lot Details

  • North Facing Home

HOA Fees

  • $623 Monthly HOA Fees

Parking

  • Assigned Parking

Home Design

  • Tar and Gravel Roof

Interior Spaces

  • 898 Sq Ft Home
  • Sliding Windows
  • Combination Dining and Living Room

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • Walk-In Closet

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 74434317100002050

Community Details

Overview

  • Association fees include management, common areas, cable TV, insurance, maintenance structure, parking, roof, security
  • High-Rise Condominium
  • Lands President Condo 03 Subdivision
  • 20-Story Property

Amenities

  • Doorman
  • Elevator

Recreation

  • Golf Course Community

Security

  • Gated with Attendant

Property Details

Home Type

Condominium

Est. Annual Taxes

$242

Year Built

Built in 1972

Lot Details

0

HOA Fees

$623 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: PALM BEACH LAKES TO CONGRESS AVENUE
  • Year Built: 1972
  • Architectural Style: High Rise
  • Unit Levels: Three Or More
  • Special Features: RealEstateOwned

Interior Features

  • Interior Amenities: Elevator, Living/Dining Room, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Carpet, Ceramic Tile
  • Living Area: 898.0
  • Stories: 20
  • Window Features: Sliding

Exterior Features

  • View: Other, Water
  • Pool Features: None, Community
  • Waterfront: No
  • Construction Type: Block
  • Direction Faces: North
  • Roof: Tar/Gravel

Garage/Parking

  • Parking Features: Assigned

Utilities

  • Security: Door Man, 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: 623.0
  • Community Features: Golf, Golf Course Community, Pool, Tennis Court(s)
  • Senior Community: No
  • Amenities: Elevator(s)
  • Association Fee Frequency: Monthly
  • Pets Allowed: Conditional

Fee Information

  • Association Fee Includes: Association Management, Common Areas, Cable TV, Insurance, Maintenance Structure, Parking, Roof, Security

Lot Info

  • Parcel #: 74434317100002050
  • Zoning Description: RES

Tax Info

  • Tax Year: 2011
  • Tax Annual Amount: 242.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2012
Closed on
Mar 25, 2013
Sold by
Federal National Mortgage Association
Bought by
Kim Se Young
Seller's Agent
Warren Cleveland
Every Florida Home
Buyer's Agent
Val Oliva
Illustrated Properties
List Price
$75,000
Sold Price
$55,000
Premium/Discount to List
-$20,000
-26.67%
Current Estimated Value
$173,956

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,956
Avg. Annual Appreciation
9.63%
Original Mortgage
$52,250
Outstanding Balance
$36,922
Interest Rate
3.57%
Mortgage Type
New Conventional
Estimated Equity
$137,035

Purchase Details

Closed on
Aug 9, 2012
Sold by
Pecanac Katja
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Nov 29, 2001
Sold by
Capone Robert L
Bought by
Pecanac Katja

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,400
Interest Rate
10.9%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kim Se Young $55,000 Attorney
Federal National Mortgage Association -- None Available
Pecanac Katja -- --
Pecanac Katja $48,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kim Se Young $52,250
Previous Owner Pecanac Katja $38,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/26/2013 03/26/13 Sold $55,000 -26.7% $61 / Sq Ft
02/24/2013 02/24/13 Pending -- -- --
11/02/2012 11/02/12 For Sale $75,000 -- $84 / Sq Ft
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 $839 $69,111 -- --
2023 $828 $67,098 $0 $0
2022 $826 $65,144 $0 $0
2021 $831 $63,247 $0 $0
2020 $831 $62,374 $0 $0
2019 $831 $60,972 $0 $0
2018 $754 $59,835 $0 $0
2017 $730 $58,604 $0 $0
2016 $735 $57,399 $0 $0
2015 $751 $57,000 $0 $0
2014 $1,219 $47,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2013

    Warren Cleveland

    Every Florida Home

    (561) 307-1332

    Warren Cleveland
    Section Image

  • J

    Seller Co-Listing Agent in 2013

    Jeanne Greek

    Gulfstream Properties

    (561) 732-6833

    Jeanne Greek
    Section Image
  • Val Oliva

    Buyer's Agent in 2013

    Val Oliva

    Illustrated Properties

    (561) 762-7702

    1 in this area

    42 Total Sales

    Val Oliva
    Section Image
See All Agents

About Lincoln Tower

Map

Source: BeachesMLS

MLS Number: R3322026

BeachesMLS

APN: 74-43-43-17-10-000-2050

Florida Palm Beach County West Palm Beach 33401 Banyan Cay

2400 Presidential Way Unit 2050, West Palm Beach, FL

This home is located at 2400 Presidential Way Unit 2050, West Palm Beach, FL 33401 since 02 November 2012 and is currently estimated at $173,956, approximately $193 per square foot. This property was built in 1972. 2400 Presidential Way Unit 2050 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.

Nearby Homes