NOT LISTED FOR SALE

5840 Corporate Way Unit 106B West Palm Beach, FL 33407

Spencer Lakes Neighborhood

Estimated Value: $5,451,993

-- Bed
-- Bath
32,932 Sq Ft
$166/Sq Ft Est. Value

About This Home

This home is located at 5840 Corporate Way Unit 106B, West Palm Beach, FL 33407 and is currently estimated at $5,451,993, approximately $165 per square foot. 5840 Corporate Way Unit 106B is a home located in Palm Beach County with nearby schools including West Riviera Elementary School, Bear Lakes Middle School, and Palm Beach Lakes Community High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 25, 2020
Sold by
Hook R Groves Inc
Bought by
5840 West Palm Llc
Current Estimated Value
$5,451,993

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,650,000
Outstanding Balance
$2,351,700
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$3,100,293

Purchase Details

Closed on
Apr 1, 2016
Bought by
Hook R Groves Inc

Purchase Details

Closed on
May 31, 2007
Sold by
Palm Park Associates Llc
Bought by
V & K Investments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,800,000
Interest Rate
6.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 27, 2005
Sold by
Palm Park Office Plaza Llc
Bought by
Palm Park Associates Llc

Purchase Details

Closed on
Oct 10, 2003
Sold by
Ganzer Glen and Ganzer Jean
Bought by
Palm Park Office Llc

Purchase Details

Closed on
Aug 26, 1999
Sold by
Bluegrass Equity Corp
Bought by
Ganzer Glen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
7.58%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 25, 1998
Sold by
Col Par Inc
Bought by
Bluegrass Equity Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
7.21%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 17, 1994
Sold by
Peoples Sw Real Est Ltd Ptnr
Bought by
Col Par Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
7.02%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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 Buyer Sale Price Title Company
5840 West Palm Llc $3,640,000 Attorney
Hook R Groves Inc $2,900,000 --
V & K Investments Inc $4,000,000 Attorney
Palm Park Associates Llc $3,900,000 --
Palm Park Office Llc $3,180,000 --
Ganzer Glen $2,000,000 --
Bluegrass Equity Corp $1,600,000 --
Col Par Inc $750,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 5840 West Palm Llc $2,650,000
Previous Owner V & K Investments Inc $2,800,000
Previous Owner Bluegrass Equity Corp $1,500,000
Previous Owner Bluegrass Equity Corp $1,100,000
Previous Owner Col Par Inc $750,000
Closed Palm Park Associates Llc $0
Source: Public Records

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 $33,073 $4,161,611 -- --
2023 $58,267 $3,783,283 $998,580 $3,186,614
2022 $54,718 $3,439,348 $0 $0
2021 $49,722 $3,126,680 $665,720 $2,460,960
2020 $50,537 $3,165,003 $665,720 $2,499,283
2019 $51,215 $2,972,189 $633,947 $2,338,242
2018 $48,693 $2,967,511 $615,791 $2,351,720
2017 $65,816 $2,700,000 $0 $0
2016 $44,572 $2,700,000 $0 $0
2015 $45,067 $2,585,000 $0 $0
2014 $41,909 $2,350,000 $0 $0
Source: Public Records

Map

Florida Palm Beach County West Palm Beach 33407 Spencer Lakes

5840 Corporate Way Unit 106B, West Palm Beach, FL

This home is located at 5840 Corporate Way Unit 106B, West Palm Beach, FL 33407 and is currently estimated at $5,451,993, approximately $165 per square foot. 5840 Corporate Way Unit 106B is a home located in Palm Beach County with nearby schools including West Riviera 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.

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