$112,000
SOLD NOV 23, 2015

5500 Cannon Way Unit B West Palm Beach, FL 33415

Cannongate Neighborhood
2 Beds
2.5 Baths
1,216 Sq Ft
$81/mo HOA Fee

Recently Sold

$92 Per Sq Ft

3% Below List Price

26 Days on Market

Highlights

  • Garden View
  • Ceramic Tile Flooring
  • Central Heating and Cooling System
  • Patio

About This Home

As of November 2015

Attention owner-occupants; come see this stylishly renovated two bedroom town home. This spacious two bedroom features tile floors throughout the downstairs, and brand new berber carpet upstairs. The two master suites both have their own private bath, with new vanities. The brand new kitchen includes trendy cabinets, granite counter tops, and sleek stainless steel appliances. The fenced in courtyard is perfect for grilling and entertaining. See for yourself, the property is in true ''move-in condition.'' Prior to closing, the seller will install a brand new A/C with a compressor and handler. This is the perfect opportunity for FHA buyers. Per the seller, buyer cannot earn more than 120% of the Area Median Income. Call listing agent for details and showings!

Last Agent to Sell the Property

Michael Kelly

Real Estate Sales Force License #3030264 Listed on: 09/27/2015

Real Estate Sales Force

Last Buyer's Agent

Wendi Meade

Inactive Member License #3245924

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,008

Year Built

  • Built in 1985

HOA Fees

  • $81 Monthly HOA Fees

Home Design

  • Entry on the 1st floor
  • Frame Construction

Interior Spaces

  • 1,216 Sq Ft Home
  • 2-Story Property
  • Garden Views

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan

Laundry

  • Dryer
  • Washer

Parking

  • Over 1 Space Per Unit
  • Assigned Parking

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Additional Features

  • Patio
  • 1,164 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 00424402270120020

Community Details

Overview

  • Association fees include common areas, security
  • Society Hill Cannongate Subdivision

Pet Policy

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,008

Year Built

Built in 1985

Lot Details

0

HOA Fees

$81 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Townhouse
  • Property Sub Type Additional: Townhouse
  • Directions: From Southern Blvd head south on Haverhill Rd approximately 3/4 of a mile. Take a right onto Cannon Way into the Society Hill Community. Continue into the community and take your second left.
  • Year Built: 1985
  • Carport Y N: No
  • Entry Level: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Split Bedrooms
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Electric Range, Refrigerator, Washer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Carpet, Ceramic Tile
  • Living Area: 1216.0
  • Stories: 2

Exterior Features

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

Garage/Parking

  • Garage Yn: No
  • Parking Features: Assigned, Two or More Spaces

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Utilities: Cable Available

Condo/Co-op/Association

  • Association Fee: 81.0
  • Senior Community: No
  • Amenities: Other
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Common Areas, Security

Lot Info

  • Parcel #: 00424402270120020
  • Lot Size Sq Ft: 1164.0
  • Zoning Description: Resident
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 1008.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2015
Closed on
Nov 16, 2015
Sold by
Hogar Community Reinvestment Llc
Bought by
Rodriguez Robert A
Seller's Agent
Michael Kelly
Real Estate Sales Force
Buyer's Agent
Wendi Meade
Inactive Member
List Price
$115,000
Sold Price
$112,000
Premium/Discount to List
-$3,000
-2.61%
Current Estimated Value
$297,919

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$185,919
Avg. Annual Appreciation
10.51%
Original Mortgage
$109,971
Outstanding Balance
$89,652
Interest Rate
4.75%
Mortgage Type
FHA
Estimated Equity
$210,297

Purchase Details

Listed on
May 23, 2014
Closed on
Jul 9, 2014
Sold by
Bank Of America Na
Bought by
Hogar Community Reinvestment Llc
Seller's Agent
Jesse Kearney
Kearney & Associates Realty
List Price
$64,900
Sold Price
$58,408
Premium/Discount to List
-$6,492
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
64.38%

Purchase Details

Closed on
May 15, 2014
Sold by
Cannongate Property Owners Association I
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Nov 22, 2010
Sold by
Hernandez Delia M and Hernandez Marlin Yessenia Peralta
Bought by
Society Hill Homeowners Association Inc

Purchase Details

Closed on
Jul 26, 2004
Sold by
Hernandez Delia M
Bought by
Hernandez Delia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,200
Interest Rate
6.22%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $112,000 Attorney
Special Warranty Deed -- Attorney
Special Warranty Deed $58,408 Attorney
Trustee Deed $50,000 None Available
Trustee Deed $2,100 None Available
Interfamily Deed Transfer -- Countrywide Title Group Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $109,971 FHA
Previous Owner $95,200 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/23/2015 11/23/15 Sold $112,000 -2.6% $92 / Sq Ft
10/24/2015 10/24/15 Pending -- -- --
09/27/2015 09/27/15 For Sale $115,000 +96.9% $95 / Sq Ft
08/01/2014 08/01/14 Sold $58,408 -10.0% $50 / Sq Ft
07/02/2014 07/02/14 Pending -- -- --
05/23/2014 05/23/14 For Sale $64,900 -- $56 / 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 $2,057 $147,498 -- --
2023 $1,992 $143,202 $0 $0
2022 $1,961 $139,031 $0 $0
2021 $1,925 $134,982 $0 $0
2020 $1,906 $133,118 $0 $133,118
2019 $2,357 $123,118 $0 $123,118
2018 $2,077 $110,097 $0 $110,097
2017 $1,932 $102,097 $0 $0
2016 $1,764 $85,097 $0 $0
2015 $1,573 $72,097 $0 $0
2014 $1,008 $35,208 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2015

    Michael Kelly

    Real Estate Sales Force

    (305) 392-1497

    49 Total Sales

    Michael Kelly
    Section Image

  • W

    Buyer's Agent in 2015

    Wendi Meade

    Inactive Member

  • J

    Seller's Agent in 2014

    Jesse Kearney

    Kearney & Associates Realty

    (561) 714-7062

    9 Total Sales

    Jesse Kearney
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10170928

BeachesMLS

APN: 00-42-44-02-27-012-0020

Florida Palm Beach County West Palm Beach 33415 Cannongate

5500 Cannon Way Unit B, West Palm Beach, FL

This home is located at 5500 Cannon Way Unit B, West Palm Beach, FL 33415 and is currently priced at $112,000, approximately $92 per square foot. This property was built in 1985. 5500 Cannon Way Unit B is a home located in Palm Beach County with nearby schools including John I. Leonard High School, Melaleuca Elementary School, and Okeeheelee Middle 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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