$147,000
SOLD JUL 1, 2018

5516 Cannon Way Unit E West Palm Beach, FL 33415

Cannongate Neighborhood
2 Beds
2.5 Baths
1,162 Sq Ft
$79/mo HOA Fee

Recently Sold

$127 Per Sq Ft

3% Below List Price

67 Days on Market

Highlights

  • Garden View
  • Patio
  • Laundry Room
  • Breakfast Bar
  • Home Security System
  • Ceramic Tile Flooring

About This Home

As of December 2021

Priced below market value Seller has just added extensive upgrades to this unit to include but not limited too: New roof shingles and soffits, new wood framing and panels to the outside of the home, newly remodeled courtyard, new Kohler toilets, new light fixtures, A/C inspected and serviced for the hot summer, new garbage disposal and hot water heater. Seller is still pricing below market value to allow the buyer to unit upgrades of their choice. Seller will not accept offers below the list price! This home includes spacious bedrooms each with their own bathrooms. Underground power means this home did not lose power during hurricane Irma! Close to several shopping centers, the airport, schools and hospital

Last Agent to Sell the Property

Douglas Rill

Century 21 America's Choice/WPB License #131886 Listed on: 03/25/2018

Century 21 America's Choice/WPB

Last Buyer's Agent

Victor Lopez

4ever Homes Realty LLC License #3336365

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $343

Year Built

  • Built in 1985

HOA Fees

  • $79 Monthly HOA Fees

Home Design

  • Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,162 Sq Ft Home
  • 2-Story Property
  • Furnished or left unfurnished upon request
  • Ceiling Fan
  • Combination Dining and Living Room
  • Garden Views
  • Home Security System

Kitchen

  • Breakfast Bar
  • Electric Range

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Laundry Room
  • Washer

Parking

  • Guest Parking
  • Assigned Parking

Schools

  • Okeeheelee Middle School
  • John I. Leonard High School

Utilities

  • Central Heating and Cooling System
  • The lake is a source of water for the property
  • Cable TV Available

Additional Features

  • Patio
  • Fenced

Listing and Financial Details

  • Assessor Parcel Number 00424402270140050

Community Details

Overview

  • Association fees include management, common areas, maintenance structure
  • Society Hill Cannongate Subdivision

Recreation

  • Trails

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$343

Year Built

Built in 1985

Lot Details

0

HOA Fees

$79 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Townhouse
  • Property Sub Type Additional: Condominium,Townhouse
  • Directions: HAVERHILL ROAD TO SOCIETY HILLS
  • Year Built: 1985
  • Year Built Details: Resale
  • Pets No Pets Comments: Other Pet Restrictions:Possible Restrictions
  • Special Features: None

Interior Features

  • Interior Amenities: Breakfast Bar, Living/Dining Room
  • Furnished: Negotiable
  • Appliances: Electric Range, Refrigerator, Washer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Carpet, Ceramic Tile
  • Living Area: 1162.0
  • Dining Room Type: Laundry
  • Stories: 2

Exterior Features

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

Garage/Parking

  • Garage Yn: No
  • Parking Features: Assigned, Guest

Utilities

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

Condo/Co-op/Association

  • Association Fee: 79.0
  • Community Features: Sidewalks
  • Senior Community: No
  • Amenities: Trail(s)
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Association Management, Common Areas, Maintenance Structure

Schools

  • High School: John I. Leonard
  • Middle Or Junior School: Okeeheelee

Lot Info

  • Parcel #: 00424402270140050
  • Lot Size: < 1/4 Acre,Paved Road,Si
  • Zoning Description: RM

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 343.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2021
Closed on
Dec 2, 2021
Sold by
Escarret Jasan Jimenez and Meneses Yaima Machado
Bought by
Lopez Pedro Luis Jimenez
Seller's Agent
Maday Diaz
Partnership Realty Inc.
Buyer's Agent
Dayami Salgado
Goldbay Realty Inc
List Price
$235,000
Sold Price
$242,000
Premium/Discount to List
$7,000
2.98%
Current Estimated Value
$302,907

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,907
Avg. Annual Appreciation
6.05%
Original Mortgage
$228,937
Outstanding Balance
$210,646
Interest Rate
3.14%
Mortgage Type
FHA
Estimated Equity
$92,261

Purchase Details

Listed on
Mar 25, 2018
Closed on
Jul 10, 2018
Sold by
Miller Debra A
Bought by
Escarret Jasan Jimenez and Meneses Yaima Machado
Seller's Agent
Douglas Rill
Century 21 America's Choice/WPB
Buyer's Agent
Victor Lopez
4ever Homes Realty LLC
List Price
$151,000
Sold Price
$147,000
Premium/Discount to List
-$4,000
-2.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.69%
Original Mortgage
$144,337
Interest Rate
4.87%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 28, 1997
Sold by
Miller John L
Bought by
Miller Debra A
Source: Public Records

Range of Values:

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Average Value
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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 $242,000 Attorney
Warranty Deed $242,000 None Listed On Document
Warranty Deed $147,000 First International Title
Quit Claim Deed $100 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $228,937 FHA
Closed $228,937 FHA
Previous Owner $144,337 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/02/2021 12/02/21 Sold $242,000 +3.0% $208 / Sq Ft
11/02/2021 11/02/21 Pending -- -- --
10/09/2021 10/09/21 For Sale $235,000 +59.9% $202 / Sq Ft
07/01/2018 07/01/18 Sold $147,000 -2.6% $127 / Sq Ft
06/01/2018 06/01/18 Pending -- -- --
03/25/2018 03/25/18 For Sale $151,000 -- $130 / 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 $4,140 $235,146 -- --
2023 $4,162 $235,146 $0 $235,146
2022 $3,066 $204,676 $0 $0
2021 $1,799 $127,713 $0 $0
2020 $1,780 $125,950 $0 $0
2019 $1,753 $123,118 $0 $123,118
2018 $375 $31,782 $0 $0
2017 $343 $31,128 $0 $0
2016 $171 $30,488 $0 $0
2015 $330 $30,276 $0 $0
2014 $328 $30,036 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Maday Diaz

    Seller's Agent in 2021

    Maday Diaz

    Partnership Realty Inc.

    (561) 355-0270

    4 in this area

    173 Total Sales

    Maday Diaz
    Section Image
  • Mirelki Gonzalez

    Seller Co-Listing Agent in 2021

    Mirelki Gonzalez

    EXP Realty LLC

    (561) 856-3667

    4 in this area

    77 Total Sales

    Mirelki Gonzalez
    Section Image

  • D

    Buyer's Agent in 2021

    Dayami Salgado

    Goldbay Realty Inc

    (561) 301-8365

    3 in this area

    81 Total Sales

    Dayami Salgado
    Section Image

  • G

    Buyer Co-Listing Agent in 2021

    Gregory Salgado JR

    Goldbay Realty Inc

    (561) 301-8365

    3 in this area

    63 Total Sales

    Gregory Salgado JR
    Section Image
  • Douglas Rill

    Seller's Agent in 2018

    Douglas Rill

    Century 21 America's Choice/WPB

    (561) 659-3630

    35 Total Sales

    Douglas Rill
    Section Image
  • Victor Lopez

    Buyer's Agent in 2018

    Victor Lopez

    4ever Homes Realty LLC

    (561) 225-0404

    1 in this area

    24 Total Sales

    Victor Lopez
    Section Image
See All Agents

Map

Source: BeachesMLS

MLS Number: R10417206

BeachesMLS

APN: 00-42-44-02-27-014-0050

Florida Palm Beach County West Palm Beach 33415 Cannongate

5516 Cannon Way Unit E, West Palm Beach, FL

This home is located at 5516 Cannon Way Unit E, West Palm Beach, FL 33415 and is currently priced at $147,000, approximately $126 per square foot. This property was built in 1985. 5516 Cannon Way Unit E 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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