NOT LISTED FOR SALE

516 Park Place Unit 1 West Palm Beach, FL 33401

Flamingo Park Neighborhood

Estimated Value: $2,092,000 - $2,326,000

2 Beds
1 Bath
1,200 Sq Ft
$1,881/Sq Ft Est. Value

About This Home

CONVENIENTLY LOCATED IN HISTORIC FLAMINGO PARK THIS FIRST FLOOR 2/1 UNIT BOASTS ORIGINAL WOOD FLOORING IN THE LIVING AREAS, MEXICAN TILE IN THE KITCHEN AND BEDROOMS ARE CARPETED (NEW CARPETING BEING INSTALLED IN THE BEDROOMS) MINUTES WAY TO DOWNTOWN WPB, ROSEMARY SQUARE, SHOPPING, ENTERTAINMENT, RESTAURANTS, AIRPORT AND TRANSPORTATION!

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 19, 2023
Sold by
Lucaj Group Llc
Bought by
Hacienda Raven Llc
Current Estimated Value
$2,257,576

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,885,000
Outstanding Balance
$1,848,092
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$420,234

Purchase Details

Closed on
Feb 24, 2023
Sold by
Lucaj Group Llc
Bought by
Lucaj Group Llc and Hacienda Raven Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Interest Rate
6.27%
Mortgage Type
Balloon

Purchase Details

Closed on
Feb 1, 2023
Sold by
516 Park Place Llc
Bought by
Lucaj Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Interest Rate
6.27%
Mortgage Type
Balloon

Purchase Details

Closed on
Jan 12, 2022
Sold by
Christopher Fink
Bought by
516 Park Place Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
3.45%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 30, 2004
Sold by
Hessler Jeffrey and Hessler Ronald
Bought by
Fink Christopher and Jones Clifford T

Purchase Details

Closed on
Jun 28, 2002
Sold by
Debi Co
Bought by
Hessler Jeffrey and Hessler Ronald

Purchase Details

Closed on
Jul 22, 1998
Sold by
May Donald D and May Beatrice M
Bought by
Debico

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
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
Hacienda Raven Llc -- First American Title Insurance
Lucaj Group Llc -- Quaker Title & Escrow
Lucaj Group Llc $1,190,000 --
516 Park Place Llc $741,000 Edgar A Benes Pa
Fink Christopher $415,000 --
Hessler Jeffrey $315,000 Affinity Title Ins Agency In
Debico $155,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hacienda Raven Llc $1,885,000
Previous Owner Lucaj Group Llc $1,050,000
Previous Owner 516 Park Place Llc $450,000
Previous Owner 424 Park Place Llc $5,895,000
Previous Owner Fink Christopher $369,000
Previous Owner Fink Christopher $373,500
Previous Owner Hessler Jeffrey $31,500
Previous Owner Hessler Jeffrey $252,000
Previous Owner Debico $124,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/31/2020 12/31/20 Rented $1,345 -6.9% --
12/01/2020 12/01/20 Under Contract -- -- --
10/01/2020 10/01/20 For Rent $1,445 -- --

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 $21,960 $1,033,175 -- --
2023 $23,158 $1,084,634 $543,600 $541,034
2022 $11,691 $434,929 $0 $0
2021 $10,475 $554,264 $288,000 $266,264
2020 $9,821 $522,687 $198,000 $324,687
2019 $8,649 $412,065 $207,000 $205,065
2018 $7,417 $357,573 $175,547 $182,026
2017 $6,993 $354,901 $152,650 $202,251
2016 $6,542 $245,505 $0 $0
2015 $5,849 $223,186 $0 $0
2014 $5,931 $202,896 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2020

    Kimberly Grove

    624 Home.com

    (561) 510-4600

    28 Total Sales

    Kimberly Grove
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Map

Florida Palm Beach County West Palm Beach 33401 Flamingo Park

516 Park Place Unit 1, West Palm Beach, FL

Homes for Sale in West Palm Beach, FL

This home is located at 516 Park Place Unit 1, West Palm Beach, FL 33401 and is currently estimated at $2,257,576, approximately $1,881 per square foot. 516 Park Place Unit 1 is a home located in Palm Beach County with nearby schools including Palm Beach Public School, Conniston Middle School, and Forest Hill 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.

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