NOT LISTED FOR SALE

714 Executive Center Dr Unit 36 West Palm Beach, FL 33401

Banyan Cay Neighborhood

Estimated Value: $163,000 - $192,000

1 Bed
1 Bath
502 Sq Ft
$248/mo HOA Fee

Last Sold April 17, 2013

Last sale price $15,000 $30 Per Sq Ft

Est. 1,041% increase in value since last sale

Current estimated payment $1,356/month

59 Days on Market

Highlights

  • Fitness Center
  • Clubhouse
  • Community Pool
  • RV Access or Parking
  • Great Room
  • Park

About This Home

As of April 2013

GREAT OPPORTUNITY FOR INVESTOR -- CAP RATE 15-20%. MUST BE CASH SALE. CONDO CONVERSION CLOSE TO DOWNTOWN. SALE IS CONTINGENT ON 3RD PARTY APPROVAL. BUYER MAY NEED TO CONTRIBUTE TOWARDS OUTSTANDING CONDO DUES AND CLOSING COSTS

Last Agent to Sell the Property

Jayne Sanders

Florida Coastal Living Inc License #599722 Listed on: 01/08/2013

Last Buyer's Agent

Kevin Mecabe

Inactive Member License #3333703

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1986

Lot Details

  • West Facing Home

HOA Fees

  • $248 Monthly HOA Fees

Home Design

  • Entry on the 3rd floor
  • Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 502 Sq Ft Home
  • 3-Story Property
  • Single Hung Metal Windows
  • Sliding Windows
  • Great Room
  • Florida or Dining Combination
  • Carpet

Kitchen

  • Electric Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Parking

  • Open Parking
  • RV Access or Parking

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 74434320070040360

Community Details

Overview

  • Association fees include management, common areas, insurance, laundry, ground maintenance, maintenance structure, pool(s), roof
  • 316 Units
  • Bella Lago Vista Subdivision

Amenities

  • Clubhouse

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa
  • Park

Security

  • Security Guard
  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Year Built

Built in 1986

Lot Details

0

HOA Fees

$248 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: PALM BEACH LAKES BLVD E OF 95 TO EXECUTIVE CENTER TO END
  • Year Built: 1986
  • Entry Level: 3
  • Pets No Pets Comments: Other Pet Restrictions:Possible Restrictions
  • Special Features: 12

Interior Features

  • Interior Amenities: Family/Dining Room, Tub Shower
  • Furnished: Unfurnished
  • Spa Features: Community
  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Disposal, Refrigerator
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Carpet
  • Living Area: 502.0
  • Dining Room Type: Great Room
  • Stories: 3
  • Window Features: Metal, Single Hung, Sliding

Exterior Features

  • Pool Features: None, Community
  • Pool Private: No
  • Waterfront: No
  • Construction Type: Block, Frame
  • Direction Faces: West
  • Roof: Composition, Shingle

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Open, RV Access/Parking

Utilities

  • Security: Security Guard
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 248.0
  • Community Features: Clubhouse, Fitness Center, Park, Property Manager On-Site, Pool
  • Senior Community: No
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: Conditional

Fee Information

  • Association Fee Includes: Association Management, Common Areas, Insurance, Laundry, Maintenance Grounds, Maintenance Structure, Pool(s), Roof

Lot Info

  • Parcel #: 74434320070040360
  • Zoning Description: RES

Tax Info

  • Tax Year: 2012
  • Tax Annual Amount: 455.0

Multi Family

  • Number Of Units In Community: 316

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 1, 2016
Bought by
M&J Investments Of Pb Llc
Current Estimated Value
$171,196

Purchase Details

Closed on
Sep 8, 2014
Sold by
Mendieta Steven
Bought by
Mendieta Magnolia

Purchase Details

Listed on
Jan 8, 2013
Closed on
Apr 17, 2013
Sold by
Jung Chae Jung Hee and Jung Chae
Bought by
Mendieta Steven
Seller's Agent
Jayne Sanders
Florida Coastal Living Inc
Buyer's Agent
Kevin Mecabe
Inactive Member
List Price
$14,300
Sold Price
$15,000
Premium/Discount to List
$700
4.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.13%

Purchase Details

Closed on
Mar 21, 2006
Sold by
Ccs Clc Llc
Bought by
Chae Jung Hee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,125
Interest Rate
7%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
M&J Investments Of Pb Llc -- --
Mendieta Magnolia -- None Available
Mendieta Steven $15,000 Universal Land Title Llc
Chae Jung Hee $158,750 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chae Jung Hee $111,125
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/17/2013 04/17/13 Sold $15,000 +4.9% $30 / Sq Ft
03/18/2013 03/18/13 Pending -- -- --
01/17/2013 01/17/13 For Sale $14,300 -- $28 / 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
2025 $2,496 $109,808 -- --
2024 $2,496 $99,825 -- --
2023 $2,320 $90,750 $0 $0
2022 $2,025 $82,500 $0 $0
2021 $1,827 $75,000 $0 $75,000
2020 $1,755 $71,000 $0 $71,000
2019 $1,773 $71,000 $0 $71,000
2018 $1,573 $68,000 $0 $68,000
2017 $1,418 $59,000 $0 $0
2016 $734 $18,700 $0 $0
2015 $514 $17,000 $0 $0
2014 $474 $15,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jayne Sanders

    Seller's Agent in 2013

    Jayne Sanders

    Florida Coastal Living Inc

    (561) 707-3841

    30 Total Sales

    Jayne Sanders
    Section Image

  • K

    Buyer's Agent in 2013

    Kevin Mecabe

    Inactive Member

See All Agents

Map

Source: BeachesMLS

MLS Number: R3338567

BeachesMLS

APN: 74-43-43-20-07-004-0360

Florida Palm Beach County West Palm Beach 33401 Banyan Cay

714 Executive Center Dr Unit 36, West Palm Beach, FL

Not Listed for Sale

Condos

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