NOT LISTED FOR SALE

508 Teak Dr West Palm Beach, FL 33403

Estimated Value: $432,000 - $515,000

3 Beds
2 Baths
1,570 Sq Ft
$305/Sq Ft Est. Value

Last Sold September 29, 2014

Last sale price $155,000 $99 Per Sq Ft

Est. 204% increase in value since last sale

Current estimated payment $2,904/month

70 Days on Market

Highlights

  • Water Views
  • Patio
  • Central Heating and Cooling System
  • Attached Garage
  • Tile Flooring
  • Combination Dining and Living Room

About This Home

As of September 2014

Freshly painted and move in ready this SFH offers 3 bedrooms, 2 baths, a huge yard and a carport. No HOA fees. Close to restaurants, shopping and more! Will go fast! This is a Fannie Mae HomePath property. Purchase this property for as little as 5% 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: 06/20/2014

Co-Listed By

Jeanne Greek

Gulfstream Properties License #3013868

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,755

Year Built

  • Built in 1963

Lot Details

  • 8,276

Interior Spaces

  • 1,570 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Combination Dining and Living Room
  • Tile Flooring
  • Water Views

Kitchen

  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • Attached Garage
  • Driveway

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Patio
  • 8,276 Sq Ft Lot

Community Details

  • Lake Park Add 3 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 36434221031360080

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,755

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Northlake Blvd to Crescent Dr to Teak Dr
  • Year Built: 1963
  • Year Built Details: Resale
  • Special Features: RealEstateOwned

Interior Features

  • Interior Amenities: Living/Dining Room
  • Furnished: Unfurnished
  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Tile
  • Living Area: 1570.0
  • Dining Room Type: Family Room
  • Stories: 1

Exterior Features

  • Exterior Features: Patio
  • View: Other, Water
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Pool Private: No
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Patio
  • Property Condition: Resale

Garage/Parking

  • Attached Garage: Yes
  • Garage Yn: No
  • Parking Features: Attached, Driveway, Garage

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks
  • Senior Community: No
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 36434221031360080
  • Lot Size Sq Ft: 8276.0
  • Zoning Description: Resident
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2013
  • Tax Annual Amount: 2755.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2014
Closed on
Sep 16, 2014
Sold by
Federal National Mortgage Association
Bought by
Gutierrez Ventura Jose A
Seller's Agent
Warren Cleveland
Every Florida Home
List Price
$159,900
Sold Price
$155,000
Premium/Discount to List
-$4,900
-3.06%
Current Estimated Value
$471,844

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$316,844
Avg. Annual Appreciation
10.76%
Original Mortgage
$152,192
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 6, 2014
Sold by
Citimortgage Inc
Bought by
Fannie Mae and Federal National Mortgage Association

Purchase Details

Closed on
Jan 16, 2014
Sold by
Schrader William and Petersen Fred H
Bought by
Citimortgage Inc

Purchase Details

Closed on
May 17, 2007
Sold by
Schrader William E
Bought by
Schrader William E and Pettersen Fred H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Interest Rate
6.12%
Mortgage Type
New Conventional
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
Gutierrez Ventura Jose A $155,000 Attorney
Fannie Mae -- Attorney
Citimortgage Inc $103,400 None Available
Schrader William E -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gutierrez Ventura Jose A $152,200
Closed Gutierrez Ventura Jose A $152,192
Previous Owner Schrader William E $204,000
Previous Owner Schrader William E $50,000
Previous Owner Schrader William E $84,000
Previous Owner Schrader William E $15,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2014 09/29/14 Sold $155,000 -3.1% $99 / Sq Ft
08/30/2014 08/30/14 Pending -- -- --
06/20/2014 06/20/14 For Sale $159,900 -- $102 / 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 $3,847 $180,436 -- --
2023 $3,673 $175,181 $0 $0
2022 $3,362 $170,079 $0 $0
2021 $3,198 $161,308 $0 $0
2020 $3,160 $159,081 $0 $0
2019 $3,089 $155,504 $0 $0
2018 $2,929 $152,605 $0 $0
2017 $2,957 $149,466 $48,531 $100,935
2016 $3,652 $128,300 $0 $0
2015 $3,366 $116,636 $0 $0
2014 $3,067 $101,372 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2014

    Warren Cleveland

    Every Florida Home

    (561) 307-1332

    Section Image

  • J

    Seller Co-Listing Agent in 2014

    Jeanne Greek

    Gulfstream Properties

    (561) 732-6833

    Section Image
See All Agents

Map

Source: BeachesMLS

MLS Number: R10050983

BeachesMLS

APN: 36-43-42-21-03-136-0080

Florida Palm Beach County West Palm Beach 33403

508 Teak Dr, West Palm Beach, FL

This home is located at 508 Teak Dr, West Palm Beach, FL 33403 since 20 June 2014 and is currently estimated at $479,144, approximately $305 per square foot. This property was built in 1963. 508 Teak Dr is a home located in Palm Beach County with nearby schools including The Conservatory School at North Palm Beach, Palm Beach Gardens Community High School, and Inlet Grove 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