NOT LISTED FOR SALE

554 Fanshaw N Unit 5540 Boca Raton, FL 33434

Century Village-Boca Raton Neighborhood

Estimated Value: $91,000 - $135,000

1 Bed
1 Bath
601 Sq Ft
$459/mo HOA Fee

Last Sold October 03, 2022

Last sale price $135,000 $225 Per Sq Ft

Est. 20% decrease in value since last sale

Current estimated payment $1,195/month

50 Days on Market

Highlights

  • Fitness Center
  • Gated Community
  • Garden View
  • Active Adult
  • Clubhouse
  • Cooling System Mounted To A Wall/Window

About This Home

As of October 2022

INVESTORS- income Producing property ...Rents are at all time highs - Condo prices are not. Take advantage of this disparity to buy at a great Cap RATE. Unit is rented. This condo is located in a senior ( 55 + ) gated community in Boca Raton. Great cash flow property with good upside rent. Currently $1200 per month rent. Reasonable pro-forma rents now are $1500 which would show a 6.32% Rate of Return. Condo occupants enjoy internet, Wi-Fi, Cable, and water included in the rent. The clubhouse has an 1100 seat theater, gym, indoor heated pool and many activities free to residents. There are outdoor pools nearby as well as tennis courts, pickle ball courts and free bus service within the property as well as to shopping

Last Agent to Sell the Property

Shawn Robins

Highlight Realty Corp/LW License #3257886 Listed on: 08/13/2022

Highlight Realty Corp/LW

Last Buyer's Agent

Lynn Dohm

EXP Realty LLC License #3450101

EXP Realty LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $781

Year Built

  • Built in 1980

Lot Details

  • 3.15

HOA Fees

  • $459 Monthly HOA Fees

Home Design

  • Entry on the 2nd floor

Interior Spaces

  • 601 Sq Ft Home
  • 3-Story Property
  • Garden Views
  • Electric Range

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 00424708050145540

Community Details

Overview

  • Active Adult
  • Association fees include common areas, cable TV, maintenance structure
  • Century Village Subdivision

Amenities

  • Clubhouse
  • Billiard Room

Recreation

  • Fitness Center

Security

  • Security Guard
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$781

Year Built

Built in 1980

Lot Details

0

HOA Fees

$459 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: N/A
  • Year Built: 1980
  • Carport Y N: No
  • Entry Level: 2
  • Property Attached Yn: Yes
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Bedroom on Main Level, Second Floor Entry
  • Main Level Bedrooms: 1
  • Appliances: Electric Range, Refrigerator
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Other
  • Living Area: 601.0
  • Stories: 3

Exterior Features

  • View: Garden
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale

Garage/Parking

  • Garage Yn: No
  • Parking Features: One Space

Utilities

  • Security: Security Guard
  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Wall Furnace
  • Heating Yn: Yes
  • Utilities: Cable Available

Condo/Co-op/Association

  • Association Fee: 459.0
  • Community Features: Gated
  • Senior Community: Yes
  • Amenities: Billiard Room, Clubhouse, Fitness Center
  • Association #2 Fee: 195.0
  • Association Fee Frequency: Monthly
  • Pets Allowed: No

Fee Information

  • Association Fee Includes: Common Areas, Cable TV, Maintenance Structure

Lot Info

  • Parcel #: 00424708050145540

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 781.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2022
Closed on
Sep 30, 2022
Sold by
Joseph Weinreb Revocable Trust
Bought by
Fenelon Daphney Gladys
Seller's Agent
Shawn Robins
Highlight Realty Corp/LW
Buyer's Agent
Lynn Dohm
EXP Realty LLC
List Price
$165,000
Sold Price
$135,000
Premium/Discount to List
-$30,000
-18.18%
Current Estimated Value
$108,268

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$26,732
Avg. Annual Appreciation
-6.94%
Original Mortgage
$60,000
Outstanding Balance
$57,534
Interest Rate
5.55%
Mortgage Type
New Conventional
Estimated Equity
$50,734

Purchase Details

Closed on
Jan 24, 2003
Sold by
Weinreb Joseph
Bought by
Weinreb Joseph and Joseph Weinreb Revocable Trust

Purchase Details

Closed on
Aug 13, 2001
Sold by
Arnow Burton S and Arnow Barbara P
Bought by
Weinreb Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$12,000
Interest Rate
7.5%
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Fenelon Daphney Gladys $135,000 --
Fenelon Daphney Gladys $135,000 None Listed On Document
Weinreb Joseph -- --
Weinreb Joseph $15,000 Fidelity Natl Title Ins Co N
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fenelon Daphney Gladys $60,000
Closed Fenelon Daphney Gladys $60,000
Previous Owner Weinreb Joseph $12,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/03/2022 10/03/22 Sold $135,000 -18.2% $225 / Sq Ft
08/13/2022 08/13/22 For Sale $165,000 -- $275 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

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 $2,014 $108,000 -- --
2023 $1,956 $104,000 $0 $104,000
2022 $930 $25,939 $0 $0
2021 $781 $44,000 $0 $44,000
2020 $728 $39,000 $0 $39,000
2019 $674 $33,000 $0 $33,000
2018 $624 $31,000 $0 $31,000
2017 $588 $27,000 $0 $0
2016 $319 $14,641 $0 $0
2015 $496 $13,310 $0 $0
2014 $494 $12,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2022

    Shawn Robins

    Highlight Realty Corp/LW

    (954) 931-2645

    14 in this area

    21 Total Sales

    Shawn Robins
    Section Image

  • L

    Buyer's Agent in 2022

    Lynn Dohm

    EXP Realty LLC

    (561) 722-9250

    2 in this area

    8 Total Sales

    Lynn Dohm
    Section Image
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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10344316

BeachesMLS (Greater Fort Lauderdale)

APN: 00-42-47-08-05-014-5540

Florida Palm Beach County Boca Raton 33434 Century Village-Boca Raton

554 Fanshaw N Unit 5540, Boca Raton, FL

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