$193,500
SOLD JUL 27, 2018

5503 55th Way West Palm Beach, FL 33409

Palm Beach Lakes Neighborhood
2 Beds
2.5 Baths
1,236 Sq Ft
$340/mo HOA Fee

Recently Sold

$157 Per Sq Ft

3% Below List Price

25 Days on Market

Highlights

  • Community Pool
  • Balcony
  • Walk-In Closet
  • Tennis Courts
  • Eat-In Kitchen
  • Open Patio

About This Home

As of November 2020

Beautifully Remodeled 2 bed / 2.5 bath Townhome that is ready for you to move into today. This home features tile floors throughout, recessed lighting, all wood cabinets, quartz countertops throughout, smart thermostat, adjustable master shower light, security system and so much more. Come see your new home located only minutes from I-95, the New Ballpark of the Palm Beaches/MLB Spring Training, Palm Beach Outlets, City Place, and Palm Beach INT Airport. This lovely townhome is part of Village of Sandalwood Lakes South which offers many amenities including Pool, Tennis, Basketball, Volleyball, Playground, Picnic Areas and more.

Last Agent to Sell the Property

Tim Stieren

Inactive Member License #3366385 Listed on: 06/01/2018

Last Buyer's Agent

Logan Schaner

Inactive Member License #3345286

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $921

Year Built

  • Built in 1985

Lot Details

  • 1,345 Sq Ft Lot
  • Fenced

HOA Fees

  • $340 Monthly HOA Fees

Interior Spaces

  • 1,236 Sq Ft Home
  • 2-Story Property
  • Furnished or left unfurnished upon request
  • Ceiling Fan
  • Blinds
  • Family Room
  • Combination Dining and Living Room
  • Tile Flooring
  • Home Security System

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Parking

  • Over 1 Space Per Unit
  • Guest Parking
  • Assigned Parking

Outdoor Features

  • Balcony
  • Open Patio

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 74434307040000093

Community Details

Overview

  • Association fees include common areas, insurance, maintenance structure, sewer, trash, water
  • Village Of Sandalwood Lak Subdivision

Recreation

  • Tennis Courts
  • Community Basketball Court
  • Community Pool
  • Community Spa
  • Park
  • Trails

Security

  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$921

Year Built

Built in 1985

Lot Details

0

HOA Fees

$340 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Townhouse
  • Property Sub Type Additional: Townhouse
  • Directions: Take Cumberland Drive and Turn South onto 55th/56th WayTurn Left (East) onto 55th WayUnit on the Left (North) side of Road
  • Year Built: 1985
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Eat-in Kitchen, Living/Dining Room, Walk-In Closet(s)
  • Furnished: Negotiable
  • Spa Features: Community
  • Appliances: Electric Range, Electric Water Heater, Microwave, Refrigerator
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Tile
  • Living Area: 1236.0
  • Dining Room Type: Family Room, Laundry, Storage Room
  • Stories: 2
  • Window Features: Blinds, Drapes

Exterior Features

  • Exterior Features: Balcony, Fence, Patio
  • Lot Features: < 1/4 Acre
  • Pool Features: None, Association, Community
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Balcony, Open, Patio
  • Property Condition: Resale

Garage/Parking

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

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Security: Security System, Smoke Detector(s)
  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 340.0
  • Community Features: Park, Pool, Street Lights, Sidewalks, Tennis Court(s)
  • Senior Community: No
  • Amenities: Basketball Court, Pool, Spa/Hot Tub, Tennis Court(s), Trail(s)
  • Association Fee Frequency: Monthly

Fee Information

  • Association Fee Includes: Common Areas, Insurance, Maintenance Structure, Sewer, Trash, Water

Lot Info

  • Parcel #: 74434307040000093
  • Lot Size: < 1/4 Acre,Paved Road,Si
  • Lot Size Sq Ft: 1345.0
  • Zoning Description: RPD(ci
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 921.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2020
Closed on
Oct 28, 2020
Sold by
Wooten Matthew C and Wooten Elizabeth Mary
Bought by
Fields Michael R and Begin Hannah R
Seller's Agent
Andrew Grossman
Grouper Realty, Inc
Buyer's Agent
Melissa Lezcano
Donohue Real Estate, LLC
List Price
$204,900
Sold Price
$195,000
Premium/Discount to List
-$9,900
-4.83%
Current Estimated Value
$280,296

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,296
Avg. Annual Appreciation
7.69%
Original Mortgage
$191,468
Outstanding Balance
$170,379
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$109,917

Purchase Details

Listed on
Jun 1, 2018
Closed on
Jul 27, 2018
Sold by
Miller Marshall T
Bought by
Wooten Matthew C and Wooten Mary Jo Elizabeth
Seller's Agent
Tim Stieren
Inactive Member
Buyer's Agent
Logan Schaner
Inactive Member
List Price
$199,900
Sold Price
$193,500
Premium/Discount to List
-$6,400
-3.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.34%
Original Mortgage
$154,800
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 3, 2015
Closed on
Jun 19, 2015
Sold by
Davis Paul and Davis Nell
Bought by
Miller Marshall T
Seller's Agent
Matthew Brannon
Illustrated Properties LLC (Co
Buyer's Agent
Antoinette Mokwa
Polo Park Realty
List Price
$125,000
Sold Price
$108,000
Premium/Discount to List
-$17,000
-13.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.62%
Original Mortgage
$104,139
Interest Rate
3.92%
Mortgage Type
VA
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 $195,000 None Available
Warranty Deed $195,000 None Listed On Document
Warranty Deed $193,500 None Available
Warranty Deed $108,000 Prosperity Land Title Llc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $191,468 FHA
Closed $191,468 FHA
Previous Owner $154,800 New Conventional
Previous Owner $104,139 VA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/06/2020 11/06/20 Sold $195,000 -4.8% $158 / Sq Ft
10/07/2020 10/07/20 Pending -- -- --
07/07/2020 07/07/20 For Sale $204,900 +5.9% $166 / Sq Ft
07/27/2018 07/27/18 Sold $193,500 -3.2% $157 / Sq Ft
06/27/2018 06/27/18 Pending -- -- --
06/01/2018 06/01/18 For Sale $199,900 +85.1% $162 / Sq Ft
06/19/2015 06/19/15 Sold $108,000 -13.6% $87 / Sq Ft
05/20/2015 05/20/15 Pending -- -- --
03/03/2015 03/03/15 For Sale $125,000 -- $101 / 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 $2,769 $155,706 -- --
2023 $2,680 $151,171 $0 $0
2022 $2,601 $146,768 $0 $0
2021 $2,560 $142,493 $0 $142,493
2020 $3,222 $130,493 $0 $130,493
2019 $3,187 $127,493 $0 $127,493
2018 $960 $71,268 $0 $0
2017 $921 $69,802 $0 $0
2016 $915 $68,366 $0 $0
2015 $2,294 $90,405 $0 $0
2014 -- $59,257 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2020

    Andrew Grossman

    Grouper Realty, Inc

    (561) 699-0144

    1 in this area

    48 Total Sales

    Andrew Grossman
    Section Image

  • M

    Buyer's Agent in 2020

    Melissa Lezcano

    Donohue Real Estate, LLC

    (561) 656-2929

    1 in this area

    4 Total Sales

    Melissa Lezcano
    Section Image

  • T

    Seller's Agent in 2018

    Tim Stieren

    Inactive Member

    Section Image

  • L

    Buyer's Agent in 2018

    Logan Schaner

    Inactive Member

  • M

    Seller's Agent in 2015

    Matthew Brannon

    Illustrated Properties LLC (Co

    (561) 386-5759

    57 Total Sales

    Matthew Brannon
    Section Image

  • A

    Buyer's Agent in 2015

    Antoinette Mokwa

    Polo Park Realty

    (561) 798-3400

    3 Total Sales

    Antoinette Mokwa
    Section Image
See All Agents

Map

Source: BeachesMLS

MLS Number: R10436240

BeachesMLS

APN: 74-43-43-07-04-000-0093

Florida Palm Beach County West Palm Beach 33409 Palm Beach Lakes

5503 55th Way, West Palm Beach, FL

This home is located at 5503 55th Way, West Palm Beach, FL 33409 and is currently priced at $193,500, approximately $156 per square foot. This property was built in 1985. 5503 55th Way is a home located in Palm Beach County with nearby schools including Seminole Trails Elementary School, Bear Lakes Middle School, and Palm Beach Lakes 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.

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