NOT LISTED FOR SALE

7116 W Lake Dr West Palm Beach, FL 33406

Estimated Value: $554,000 - $720,000

3 Beds
2 Baths
1,218 Sq Ft
$494/Sq Ft Est. Value

Highlights

  • Boat Ramp
  • Garden View
  • Separate Shower in Primary Bathroom
  • Wood Flooring
  • 1 Car Attached Garage
  • 4-minute walk to Memorial Park

About This Home

As of July 2023

Fully renovated home surrounded by tropical paradise. Located perfectly with easy access to I-95 and downtown WPB.

Last Agent to Rent the Property

Donald Brown

Southdale Properties Inc. License #502433 Listed on: 04/11/2023

Last Renter's Agent

Shoshoni Deeley

CENTURY 21 Tenace Realty License #3436946

CENTURY 21 Tenace Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,682

Year Built

  • Built in 1956

Lot Details

  • 0.3

Parking

  • 1 Car Attached Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 1,218 Sq Ft Home
  • Garden Views
  • Dishwasher

Flooring

  • Wood
  • Terrazzo

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Additional Features

  • Patio
  • Sprinkler System
  • Central Heating and Cooling System

Listing and Financial Details

  • Property Available on 4/11/23
  • Assessor Parcel Number 34434408110040110

Community Details

Overview

  • Lake Clarke Shore Subdivision

Recreation

  • Boat Ramp
  • Boating
  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,682

Year Built

Built in 1956

Lot Details

0

Parking

1

Rental Info

  • Tenant Pays: Exterior Electric, Water
  • Available Date: 2023-04-11

Listing Details

  • Prop. Type: Residential Lease
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Foresthill to West Lake go South
  • Year Built: 1956
  • Entry Level: 1
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Separate Shower
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Terrazzo, Wood
  • Living Area: 1218.0

Exterior Features

  • Exterior Features: Patio
  • View: Garden
  • Lot Features: Sprinklers Automatic, < 1/4 Acre
  • Pool Features: None
  • Pool Private: No
  • Waterfront: No
  • Patio And Porch Features: Patio

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Garage Yn: Yes
  • Parking Features: Attached, Garage

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Boat Facilities, Non-Gated
  • Senior Community: No
  • Amenities: Trail(s)
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 34434408110040110
  • Land Lease Amount Frequency: Monthly
  • Lot Size: < 1/4 Acre,1/4 to 1/2 Ac

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 6, 2024
Sold by
Smith Perry E and Calabrese Joette J
Bought by
Smith Perry V and Smith Rachel
Current Estimated Value
$601,748

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$505,000
Outstanding Balance
$503,331
Interest Rate
6.72%
Mortgage Type
Seller Take Back
Estimated Equity
$98,417

Purchase Details

Closed on
Jan 31, 2023
Sold by
Farber Patricia A
Bought by
7116 W Lake Drive Llc

Purchase Details

Closed on
Jul 12, 2021
Sold by
Farber Martin and Farber Patricia A
Bought by
Farber Martin and Farber Patricia A
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 Buyer Sale Price Title Company
Smith Perry V $550,000 None Listed On Document
Smith Perry E $275,000 None Listed On Document
7116 W Lake Drive Llc $500,000 --
7116 W Lake Drive Llc $500,000 None Listed On Document
Farber Martin -- Accommodation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Perry V $505,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2023 07/15/23 Rented $2,900 0.0% --
06/26/2023 06/26/23 Under Contract -- -- --
06/19/2023 06/19/23 Price Changed $2,900 -17.1% $2 / Sq Ft
05/26/2023 05/26/23 Price Changed $3,500 -14.8% $3 / Sq Ft
05/16/2023 05/16/23 Price Changed $4,107 -13.6% $3 / Sq Ft
05/11/2023 05/11/23 Price Changed $4,753 -11.5% $4 / Sq Ft
05/10/2023 05/10/23 Price Changed $5,370 -9.0% $4 / Sq Ft
04/11/2023 04/11/23 For Rent $5,900 -- --
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 $9,682 $426,028 -- --
2023 $2,096 $127,555 $0 $0
2022 $2,054 $123,840 $0 $0
2021 $2,011 $120,233 $0 $0
2020 $1,982 $118,573 $0 $0
2019 $1,938 $115,907 $0 $0
2018 $1,837 $113,746 $0 $0
2017 $1,801 $111,406 $0 $0
2016 $1,781 $109,115 $0 $0
2015 $1,809 $108,357 $0 $0
2014 $1,807 $107,497 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Donald Brown

    Landlord's Agent in 2023

    Donald Brown

    Southdale Properties Inc.

    (561) 313-4582

    3 in this area

    42 Total Sales

    Donald Brown
    Section Image

  • S

    Tenant's Agent in 2023

    Shoshoni Deeley

    CENTURY 21 Tenace Realty

    (561) 312-1372

    23 Total Sales

    Shoshoni Deeley
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10880846

BeachesMLS

APN: 34-43-44-08-11-004-0110

Florida Palm Beach County West Palm Beach 33406

7116 W Lake Dr, West Palm Beach, FL

This home is located at 7116 W Lake Dr, West Palm Beach, FL 33406 since 11 April 2023 and is currently priced at $601,748. This property was built in 1956. 7116 W Lake Dr is a home located in Palm Beach County with nearby schools including Meadow Park Elementary School, Conniston Middle School, and Forest Hill 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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