NOT LISTED FOR SALE

Lincoln Tower 2400 Presidential Way Unit 7020 West Palm Beach, FL 33401

Banyan Cay Neighborhood

Estimated Value: $197,903 - $278,000

2 Beds
2 Baths
1,116 Sq Ft
$623/mo HOA Fee

Last Sold May 08, 2015

Last sale price $93,000 $83 Per Sq Ft

Est. 156% increase in value since last sale

Current estimated payment $2,172/month

147 Days on Market

Highlights

  • Doorman
  • Gated with Attendant
  • Sun or Florida Room
  • Lake Front
  • Clubhouse
  • Balcony

About This Home

As of May 2015

Sweeping city and water views of beautiful Palm Beach County from Singer Island to Palm Beach that include Lake Mangonia, Clear Lake, Intracoastal, Palm Beach and the proposed President Country Club Resort from private balcony (40'x7') that extends from living room and two bedrooms. It's just fabulous! Lincoln Tower is a 114 unit luxury high rise in the Lands of The President in the heart of West Palm Beach that offers breathtaking views of Palm Beach County, on-site manager, 24-7 attended lobby and community gate entry security, community pool, hurricane shutters,2 bedrooms, 2 baths, 1116 sq.ft, (living),1388 sq.ft. (total). The 2B/2Bth is located in full service doorman building with 24-7 attended gate, community pool and hurricane shutters.

Last Agent to Sell the Property

Barry Salandro

Village Realty Group LLC License #3072917 Listed on: 11/11/2014

Last Buyer's Agent

Joan Wynne

Premier Brokers International License #660061

Premier Brokers International

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,632

Year Built

  • Built in 1972

Lot Details

  • Lake Front
  • East Facing Home

HOA Fees

  • $623 Monthly HOA Fees

Parking

  • Assigned Parking

Home Design

  • Entry on the 7th floor

Interior Spaces

  • 1,116 Sq Ft Home
  • Partially Furnished
  • Dining Room
  • Sun or Florida Room
  • Tile Flooring

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Open Patio

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 74434317100007020

Community Details

Overview

  • Association fees include management, cable TV, hot water, insurance, maintenance structure, pest control, reserve fund, sewer, trash, water
  • 1,000 Units
  • High-Rise Condominium
  • Lands Of The President Co Subdivision
  • 20-Story Property

Amenities

  • Doorman
  • Elevator

Security

  • Gated with Attendant
  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,632

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/Congress/Presidential Way
  • Year Built: 1972
  • Architectural Style: High Rise
  • Entry Level: 7
  • Unit Levels: Three Or More
  • Year Built Details: Resale
  • Special Features: None

Interior Features

  • Interior Amenities: Elevator, Split Bedrooms, Walk-In Closet(s)
  • Furnished: Partially
  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Tile
  • Living Area: 1116.0
  • Dining Room Type: Laundry, Dining Room, Florida Room
  • Stories: 20

Exterior Features

  • Exterior Features: Balcony
  • View: Lake, Water
  • Pool Features: None
  • View: Yes
  • Waterfront Features: Lake Front
  • Waterfront: No
  • Construction Type: Block
  • Direction Faces: East
  • Patio And Porch Features: Balcony, Open
  • Property Condition: Resale

Garage/Parking

  • Garage Yn: No
  • Parking Features: Assigned

Utilities

  • Security: Door Man, Gated with Guard, Security Guard
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • 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: Property Manager On-Site
  • Senior Community: No
  • Amenities: Clubhouse, Management, Elevator(s)
  • Association Fee Frequency: Monthly
  • Pets Allowed: Conditional, No

Fee Information

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

Lot Info

  • Parcel #: 74434317100007020
  • Zoning Description: res
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 1632.0

Multi Family

  • Number Of Units In Community: 1000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 11, 2014
Closed on
May 4, 2015
Sold by
Connor Francis and Connor Dianne M
Bought by
Dethomasis Susan J
Seller's Agent
Barry Salandro
Village Realty Group LLC
Buyer's Agent
Joan Wynne
Premier Brokers International
List Price
$109,000
Sold Price
$93,000
Premium/Discount to List
-$16,000
-14.68%
Current Estimated Value
$238,476

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$145,476
Avg. Annual Appreciation
9.47%

Purchase Details

Closed on
May 27, 2011
Sold by
Klein Francie
Bought by
Connor Francis and Connor Dianne M

Purchase Details

Closed on
May 2, 2005
Sold by
Lagreca Richard
Bought by
Klein Francie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
5.8%
Mortgage Type
Balloon

Purchase Details

Closed on
Jan 7, 2005
Sold by
Passos Marlene
Bought by
Lagreca Richard

Purchase Details

Closed on
Sep 12, 2002
Sold by
Steinbacher Thomas and Steinbacher Katherine
Bought by
Passos Marlene

Purchase Details

Closed on
May 30, 2002
Sold by
Dunn Leslie
Bought by
Steinbacher Thomas G and Steinbacher Kathleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,000
Interest Rate
6.5%

Purchase Details

Closed on
Nov 3, 1997
Sold by
Dolin William
Bought by
Dunn Leslie D
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
Dethomasis Susan J $93,000 Town Title Inc
Connor Francis $80,200 Attorney
Klein Francie $210,000 Flagler Title Company
Lagreca Richard $150,000 Flagler Title Company
Passos Marlene $104,000 Sunbelt Title Agency
Steinbacher Thomas G $32,500 --
Steinbacher Thomas G $32,500 --
Dunn Leslie D $35,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Klein Francie $210,000
Previous Owner Steinbacher Thomas G $52,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/08/2015 05/08/15 Sold $93,000 -14.7% $83 / Sq Ft
04/08/2015 04/08/15 Pending -- -- --
11/11/2014 11/11/14 For Sale $109,000 -- $98 / 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 $3,420 $150,403 -- --
2023 $3,222 $136,730 $0 $0
2022 $2,971 $124,300 $0 $0
2021 $2,653 $113,000 $0 $113,000
2020 $2,853 $121,000 $0 $121,000
2019 $2,803 $121,000 $0 $121,000
2018 $2,450 $109,000 $0 $109,000
2017 $2,232 $97,000 $0 $0
2016 $2,073 $87,000 $0 $0
2015 $1,772 $68,970 $0 $0
2014 $1,632 $62,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2015

    Barry Salandro

    Village Realty Group LLC

    (561) 632-8268

    4 in this area

    39 Total Sales

    Barry Salandro
    Section Image

  • J

    Buyer's Agent in 2015

    Joan Wynne

    Premier Brokers International

    (561) 308-2181

    11 in this area

    13 Total Sales

    Joan Wynne
    Section Image
See All Agents

About Lincoln Tower

Map

Source: BeachesMLS

MLS Number: R10087865

BeachesMLS

APN: 74-43-43-17-10-000-7020

Florida Palm Beach County West Palm Beach 33401 Banyan Cay

2400 Presidential Way Unit 7020, West Palm Beach, FL

This home is located at 2400 Presidential Way Unit 7020, West Palm Beach, FL 33401 since 11 November 2014 and is currently estimated at $238,476, approximately $213 per square foot. This property was built in 1972. 2400 Presidential Way Unit 7020 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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