NOT LISTED FOR SALE

7421 74th Way West Palm Beach, FL 33407

Spencer Lakes Neighborhood

Estimated Value: $268,000 - $278,000

2 Beds
2.5 Baths
1,236 Sq Ft
$221/Sq Ft Est. Value

Last Sold June 28, 2021

Last sale price $195,000 $158 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $2,253/month

16 Days on Market

Highlights

  • Clubhouse
  • Separate Shower in Primary Bathroom
  • Patio
  • Community Pool
  • Walk-In Closet
  • Laundry Room

About This Home

As of June 2021

Well Maintained 2 bedroom, 2.5 bath townhome in desirable Heritage Village. Remodeled in 2012. Wood laminate flooring throughout except tile in kitchen and bathrooms. Newer A/C, Dryer, WH. Pet friendly community offers two pools, toddler pool, 8 tennis courts, 4 racquet ball courts, BBQ/picnic areas. HOA maintains and insures building exterior including the roof and privacy fence. Close to shopping, schools, Cityplace and 20 minutes from PBI Airport. Water/sewer and basic cable included in HOA maintenance fee. Property is tenant occupied and leased through October 12, 2021.

Last Agent to Sell the Property

Ron Jenkins

Inactive Member License #693132 Listed on: 05/12/2021

Inactive Member

Last Buyer's Agent

Ron Jenkins

Inactive Member License #693132 Listed on: 05/12/2021

Inactive Member

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,126

Year Built

  • Built in 1987

Lot Details

  • 1,345

HOA Fees

  • $407 Monthly HOA Fees

Home Design

  • Flat Roof Shape

Interior Spaces

  • 1,236 Sq Ft Home
  • 2-Story Property
  • Central Vacuum
  • Ceiling Fan
  • Blinds
  • Sliding Windows

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry Room
  • Washer and Dryer

Parking

  • Over 1 Space Per Unit
  • Assigned Parking

Utilities

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

Additional Features

  • Patio
  • 1,345 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 74424301160000311

Community Details

Overview

  • Association fees include common areas, cable TV, insurance, maintenance structure, parking, recreation facilities, reserve fund, roof, sewer, water
  • Heritage Village Of P B L Subdivision

Amenities

  • Clubhouse

Recreation

  • Community Pool

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,126

Year Built

Built in 1987

Lot Details

0

HOA Fees

$407 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Townhouse
  • Property Sub Type Additional: Townhouse
  • Directions: Military to Shiloh, E to Community Entrance on Right.
  • Year Built: 1987
  • Year Built Details: Resale
  • Special Features: None

Interior Features

  • Interior Amenities: Dual Sinks, Split Bedrooms, Separate Shower, Walk-In Closet(s), Central Vacuum
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer/Dryer, Washer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Laminate, Tile
  • Living Area: 1236.0
  • Dining Room Type: Laundry
  • Stories: 2
  • Window Features: Blinds, Sliding

Exterior Features

  • Exterior Features: Patio
  • Lot Features: < 1/4 Acre
  • Pool Features: None, Association, Community
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Flat

Garage/Parking

  • Garage Yn: No
  • Parking Features: Assigned, Two or More Spaces

Utilities

  • 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: Public

Condo/Co-op/Association

  • Association Fee: 407.0
  • Community Features: Clubhouse, Non-Gated, Pool
  • Senior Community: No
  • Amenities: Clubhouse, Pool
  • Association Fee Frequency: Monthly

Fee Information

  • Association Fee Includes: Common Areas, Cable TV, Insurance, Maintenance Structure, Parking, Recreation Facilities, Reserve Fund, Roof, Sewer, Water

Lot Info

  • Parcel #: 74424301160000311
  • Lot Size Sq Ft: 1345.0
  • Zoning Description: RPD(ci
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 3126.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2021
Closed on
Jun 28, 2021
Sold by
Melo Carlos A
Bought by
Salkeld Susan T
Seller's Agent
Ron Jenkins
Inactive Member
Buyer's Agent
Ron Jenkins
Inactive Member
List Price
$199,999
Sold Price
$195,000
Premium/Discount to List
-$4,999
-2.5%
Current Estimated Value
$273,528

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,528
Avg. Annual Appreciation
8.13%
Original Mortgage
$156,000
Outstanding Balance
$141,546
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$131,982

Purchase Details

Listed on
Apr 26, 2012
Closed on
Jul 17, 2012
Sold by
Deutsche Bank National Trust Company
Bought by
Melo Carlos A
Seller's Agent
Jill Sabine
Realty Exchange LLC
Buyer's Agent
Ron Jenkins
Inactive Member
List Price
$63,360
Sold Price
$66,000
Premium/Discount to List
$2,640
4.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.87%

Purchase Details

Closed on
Feb 6, 2012
Sold by
Galan Henry
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Oct 29, 2004
Sold by
Portelance Mckenzie F and Portelance Steven
Bought by
Galan Henry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,200
Interest Rate
6.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 27, 2003
Sold by
Ferris David V
Bought by
Portelance Steven and Portelance Mckenzie F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,000
Interest Rate
5.24%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 29, 1999
Sold by
Marinelli Arthur and Marinelli Susan
Bought by
Ferris David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,765
Interest Rate
6.74%
Mortgage Type
FHA
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 Buyer Sale Price Title Company
Salkeld Susan T $195,000 Lighthouse Title Svcs Llc
Melo Carlos A $66,000 Fidelity Natl Title Fl Inc
Deutsche Bank National Trust Company $35,200 None Available
Galan Henry $159,000 Horizon Title Services Inc
Portelance Steven $115,000 Gulfatlantic Title
Ferris David $68,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Salkeld Susan T $156,000
Previous Owner Galan Henry $127,200
Previous Owner Portelance Steven $113,000
Previous Owner Ferris David $68,765
Closed Galan Henry $31,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/28/2021 06/28/21 Sold $195,000 -2.5% $158 / Sq Ft
05/29/2021 05/29/21 Pending -- -- --
05/12/2021 05/12/21 For Sale $199,999 0.0% $162 / Sq Ft
10/13/2012 10/13/12 Rented $1,150 -4.2% --
09/13/2012 09/13/12 Under Contract -- -- --
08/25/2012 08/25/12 For Rent $1,200 0.0% --
07/17/2012 07/17/12 Sold $66,000 +4.2% $53 / Sq Ft View Prior Sale
06/17/2012 06/17/12 Pending -- -- --
04/26/2012 04/26/12 For Sale $63,360 -- $51 / 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 $4,972 $212,436 -- --
2023 $4,591 $193,124 $0 $0
2022 $4,099 $175,567 $0 $0
2021 $3,320 $138,540 $0 $138,540
2020 $3,126 $135,540 $0 $135,540
2019 $2,934 $127,540 $0 $127,540
2018 $2,599 $122,443 $0 $122,443
2017 $2,381 $111,443 $0 $0
2016 $2,218 $83,112 $0 $0
2015 $2,064 $75,556 $0 $0
2014 $1,907 $68,687 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2021

    Ron Jenkins

    Inactive Member

    Section Image

  • J

    Seller's Agent in 2012

    Jill Sabine

    Realty Exchange LLC

    (561) 319-8925

    4 Total Sales

    Jill Sabine
    Section Image

  • C

    Buyer's Agent in 2012

    Cherisse Guialdo

    Keller Williams Realty/P B

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Map

Source: BeachesMLS

MLS Number: R10715502

BeachesMLS

APN: 74-42-43-01-16-000-0311

Florida Palm Beach County West Palm Beach 33407 Spencer Lakes

7421 74th Way, West Palm Beach, FL

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