NOT LISTED FOR SALE

516 Park Place Unit 3 West Palm Beach, FL 33401

Flamingo Park Neighborhood

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

1 Bed
1 Bath
3,808 Sq Ft
$593/Sq Ft Est. Value

About This Home

This 1 bedroom 1 bath apartment is conveniently located within walking distance to Palm Beach Atlantic University, Downtown City Place and Clematis, and the Intracoastal! This first floor unit features wood vinyl flooring and mexican tile with storage off the kitchen, stand up shower and coin laundry. Call today to view this property or apply online!

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
$424,292

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

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$373,500
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

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

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
6.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

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

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
7.02%
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
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
10/01/2018 10/01/18 Rented $995 0.0% --
08/24/2018 08/24/18 Off Market $995 -- --
08/19/2018 08/19/18 For Rent $995 -- --

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

  • A

    Seller's Agent in 2018

    Ashlyn Breen

    MMLS Assoc.-Inactive Member

    Section Image
See All Agents

Map

Florida Palm Beach County West Palm Beach 33401 Flamingo Park

516 Park Place Unit 3, West Palm Beach, FL

This home is located at 516 Park Place Unit 3, West Palm Beach, FL 33401 and is currently estimated at $2,257,576, approximately $592 per square foot. 516 Park Place Unit 3 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.

Nearby Homes