NOT LISTED FOR SALE

501 NE 16th St Boca Raton, FL 33432

Estimated Value: $855,171 - $1,175,000

2 Beds
2 Baths
1,010 Sq Ft
$1,042/Sq Ft Est. Value

Last Sold February 16, 2024

Last sale price $885,000 $876 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $6,355/month

Highlights

  • RV Access or Parking
  • Corner Lot
  • Community Wi-Fi
  • Boca Raton Community Middle School Rated A-
  • Furnished
  • 3-minute walk to Lake Wyman Park

About This Home

As of October 2024

Superb location to ''snowbird'' in spectacular Boca Raton FL (NOV. 24 - APRIL 25). Walking distance to great shopping, dining, community parks, and entertainment venues. All new everything was just installed at this wonderfully renovated and modernized duplex unit. From fencing to Doors and Windows, even all the landscaping was replaced. 2 spacious bedrooms with built out closets, ceiling fans, and linens. Brand new air conditioning, Fridge, stove, dishwasher, microwave, washer & dryer, furnishings...literally everything. 1 Pet is ok, and so are trucks or even commercial vehicles. Tenants could even bring their own RV or Boat. Truly a paradise in the city of Boca Raton awaits a discerning tenant for the upcoming fall and winter season.Can be leased on a month to month basis prior.

Last Agent to Rent the Property

Ross M. Stern P.A.

Re/Max Direct License #3277471 Listed on: 06/21/2024

Last Renter's Agent

Ross M. Stern P.A.

Re/Max Direct License #3277471 Listed on: 06/21/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,189

Year Built

  • Built in 1975

Lot Details

  • 8,102

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 1,010 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Ceramic Tile Flooring
  • Security Lights

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Over 1 Space Per Unit
  • Driveway
  • RV Access or Parking

Outdoor Features

  • Balcony
  • Patio
  • Porch

Additional Features

  • Corner Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Property Available on 8/1/24
  • Assessor Parcel Number 06434717080000250

Community Details

Overview

  • Association fees include internet
  • Lake Wyman Shores Subdivision

Amenities

  • Bike Room
  • Community Wi-Fi

Recreation

  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,189

Year Built

Built in 1975

Lot Details

0

Rental Info

  • Tenant Pays: Exterior Electric
  • Available Date: 2024-08-01

Listing Details

  • Prop. Type: Residential Lease
  • Directions: Next to Lake Wyman Park.
  • Year Built: 1975
  • Entry Level: 1
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Split Bedrooms
  • Furnished: Furnished
  • Appliances: Dryer, Dishwasher, Microwave, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Ceramic Tile
  • Living Area: 1010.0
  • Dining Room Type: Storage Room

Exterior Features

  • Exterior Features: Balcony, Patio
  • Lot Features: Corner Lot, < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Patio And Porch Features: Patio, Porch

Garage/Parking

  • Garage Yn: No
  • Parking Features: Driveway, RV Access/Parking, Two or More Spaces

Utilities

  • Security: Security Lights
  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Internet Access, Non-Gated, Street Lights, Sidewalks
  • Senior Community: No
  • Amenities: Bike Storage, Trail(s)
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Internet

Lot Info

  • Parcel #: 06434717080000250
  • Land Lease Amount Frequency: Monthly
  • Lot Size: < 1/4 Acre,Corner Lot

Multi Family

  • Number Of Units In Community: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 30, 2023
Closed on
Feb 15, 2024
Sold by
Joyce M Black Revocable Trust
Bought by
Espinosa Juan Pablo and Prado Patricio Sebastian
Seller's Agent
Caridad Monier
Coldwell Banker
Buyer's Agent
Ross M. Stern P.A.
RE/MAX Services
List Price
$915,000
Sold Price
$885,000
Premium/Discount to List
-$30,000
-3.28%
Views
74
Current Estimated Value
$1,052,043

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$167,043
Avg. Annual Appreciation
10.71%
Original Mortgage
$663,750
Outstanding Balance
$652,129
Interest Rate
6.66%
Mortgage Type
New Conventional
Estimated Equity
$399,914

Purchase Details

Closed on
Jan 18, 2018
Sold by
Black Joyce M
Bought by
Black Joyce M and Joyce M Black 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
Espinosa Juan Pablo $885,000 None Listed On Document
Espinosa Juan Pablo $885,000 None Listed On Document
Black Joyce M -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Espinosa Juan Pablo $663,750
Closed Espinosa Juan Pablo $663,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/07/2024 10/07/24 Rented $3,800 -5.0% --
09/20/2024 09/20/24 Under Contract -- -- --
07/21/2024 07/21/24 Price Changed $4,000 -11.1% $4 / Sq Ft
06/21/2024 06/21/24 For Rent $4,500 0.0% --
02/16/2024 02/16/24 Sold $885,000 -3.3% $446 / Sq Ft View Prior Sale
11/30/2023 11/30/23 For Sale $915,000 -- $461 / 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 $10,189 $492,225 -- --
2023 $9,947 $447,477 $342,000 $376,935
2022 $7,979 $406,797 $0 $0
2021 $7,483 $416,836 $221,400 $195,436
2020 $6,551 $336,195 $189,000 $147,195
2019 $6,778 $344,444 $180,000 $164,444
2018 $5,982 $321,293 $175,253 $146,040
2017 $5,441 $276,766 $159,321 $117,445
2016 $5,296 $264,087 $0 $0
2015 $5,083 $244,319 $0 $0
2014 $4,721 $222,108 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ross M. Stern P.A.

    Landlord's Agent in 2024

    Ross M. Stern P.A.

    RE/MAX

    (954) 790-2838

    39 Total Sales

    Ross M. Stern P.A.
    Section Image

  • C

    Seller's Agent in 2024

    Caridad Monier

    Coldwell Banker

    (561) 715-2201

    6 Total Sales

    Caridad Monier
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10998165

BeachesMLS

APN: 06-43-47-17-08-000-0250

Florida Palm Beach County Boca Raton 33432

501 NE 16th St, Boca Raton, FL

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