NOT LISTED FOR SALE

883 Sumter Rd E West Palm Beach, FL 33415

Cannongate Neighborhood

Estimated Value: $277,679 - $304,000

2 Beds
1 Bath
767 Sq Ft
$379/Sq Ft Est. Value

Last Sold March 15, 2023

Last sale price $245,000 $319 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $1,904/month

159 Days on Market

Highlights

  • Lake Front
  • Ceramic Tile Flooring
  • Washer and Dryer
  • Laundry Room
  • Central Heating and Cooling System
  • Fenced

About This Home

As of March 2023

Beautiful home in the heart of West Palm Beach! Perfect for the first time home buyer or an investor! This awesome 2 BEDROOM/1 BATHROOM villa has a BRAND NEW ROOF!! Freshly painted interior and newer appliances. Enjoy peaceful lake views from the large fenced in backyard. Very low HOA fee. Close to shopping malls, restaurants, turnpike, I-95 downtown area and beaches.

Last Agent to Sell the Property

Karen Shaub-Gorham

RE/MAX Direct License #662712 Listed on: 10/06/2022

RE/MAX Direct

Last Buyer's Agent

DeeDee Rodriguez

Coldwell Banker Realty License #3293541

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,185

Year Built

  • Built in 1980

Lot Details

  • 2,688 Sq Ft Lot
  • Lake Front
  • Fenced
  • Property is zoned RM

HOA Fees

  • $28 Monthly HOA Fees

Parking

  • Over 1 Space Per Unit

Home Design

  • Villa
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 767 Sq Ft Home
  • 1-Story Property
  • Ceramic Tile Flooring
  • Lake Views

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Washer and Dryer

Utilities

  • Central Heating and Cooling System

Community Details

  • Association fees include common areas
  • Cannongate 1 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00424402140001360

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,185

Year Built

Built in 1980

Lot Details

0

HOA Fees

$28 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Villa
  • Property Sub Type Additional: Villa
  • Directions: Sumter Rd EAST
  • Year Built: 1980
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Furnished: Unfurnished
  • Appliances: None, Washer/Dryer
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Ceramic Tile
  • Living Area: 767.0
  • Dining Room Type: Laundry
  • Stories: 1

Exterior Features

  • Exterior Features: Fence
  • View: Lake
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • View: Yes
  • Waterfront Features: Lake Front
  • Waterfront: Yes
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Composition, Shingle

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Association Fee: 28.0
  • Community Features: Non-Gated
  • Senior Community: No
  • Amenities: Other
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Common Areas

Lot Info

  • Parcel #: 00424402140001360
  • Lot Size Sq Ft: 2688.0
  • Zoning Description: RM
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 2185.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2022
Closed on
Mar 14, 2023
Sold by
Salisbury William C
Bought by
Marrero Damian Perez and Perez Diana M
Seller's Agent
Karen Shaub-Gorham
RE/MAX Direct
Buyer's Agent
DeeDee Rodriguez
Coldwell Banker Realty
List Price
$245,000
Sold Price
$245,000
Views
75
Current Estimated Value
$290,920

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,920
Avg. Annual Appreciation
6.28%
Original Mortgage
$196,000
Outstanding Balance
$189,355
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$101,565

Purchase Details

Closed on
Feb 21, 2014
Sold by
Terranova John
Bought by
Salisbury William C

Purchase Details

Listed on
Feb 18, 2012
Closed on
Apr 12, 2012
Sold by
Federal National Mortgage Association
Bought by
Terranova John
Seller's Agent
Keith Bettenhausen
W1 Real Estate Inc
Buyer's Agent
Barry Gardner
Atlantic Florida Properties Inc
List Price
$49,900
Sold Price
$42,000
Premium/Discount to List
-$7,900
-15.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.11%

Purchase Details

Closed on
Jul 1, 2011
Sold by
Salomon Alexey
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Feb 13, 2004
Sold by
Reyes Alfonso and Suarez Ruby N
Bought by
Salomon Alexey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,500
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 13, 2002
Sold by
Rodriguez Cristobal
Bought by
Reyes Alfonso

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,498
Interest Rate
6.4%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 10, 1997
Sold by
Hennessy Paul J and Hennessy Diane L
Bought by
Rodriguez Cristobal
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
Marrero Damian Perez $245,000 --
Salisbury William C -- Attorney
Terranova John $42,000 Attorney
Federal National Mortgage Association $26,300 None Available
Salomon Alexey $85,000 Palm Beach Land Title Corp
Reyes Alfonso $64,000 --
Rodriguez Cristobal $43,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marrero Damian Perez $196,000
Previous Owner Salomon Alexey $76,500
Previous Owner Reyes Alfonso $63,498
Closed Rodriguez Cristobal $0
Closed Rodriguez Cristobal $23,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/15/2023 03/15/23 Sold $245,000 0.0% $319 / Sq Ft
02/12/2023 02/12/23 Price Changed $245,000 +8.9% $319 / Sq Ft
11/05/2022 11/05/22 Price Changed $225,000 -4.3% $293 / Sq Ft
10/10/2022 10/10/22 Price Changed $235,000 -4.1% $306 / Sq Ft
10/06/2022 10/06/22 For Sale $245,000 +483.3% $319 / Sq Ft
04/12/2012 04/12/12 Sold $42,000 -15.8% $55 / Sq Ft View Prior Sale
03/13/2012 03/13/12 Pending -- -- --
02/18/2012 02/18/12 For Sale $49,900 -- $65 / 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
2025 $4,264 $234,330 -- --
2024 $4,264 $234,298 -- --
2023 $2,850 $106,924 $0 $0
2022 $2,625 $97,204 $0 $0
2021 $2,185 $125,141 $0 $125,141
2020 $2,051 $116,430 $49,300 $67,130
2019 $2,007 $117,510 $49,300 $68,210
2018 $1,739 $102,698 $33,659 $69,039
2017 $1,492 $78,118 $26,927 $51,191
2016 $1,320 $54,869 $0 $0
2015 $1,237 $49,881 $0 $0
2014 $1,097 $41,164 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Karen Shaub-Gorham

    Seller's Agent in 2023

    Karen Shaub-Gorham

    RE/MAX

    (561) 722-7085

    3 in this area

    53 Total Sales

    Karen Shaub-Gorham
    Section Image
  • DeeDee Rodriguez

    Buyer's Agent in 2023

    DeeDee Rodriguez

    Coldwell Banker Realty

    (561) 853-8493

    2 in this area

    36 Total Sales

    DeeDee Rodriguez
    Section Image

  • K

    Seller's Agent in 2012

    Keith Bettenhausen

    W1 Real Estate Inc

  • Barry Gardner

    Buyer's Agent in 2012

    Barry Gardner

    Atlantic Florida Properties Inc

    (561) 234-0732

    34 Total Sales

    Barry Gardner
    Section Image
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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10836828

BeachesMLS (Greater Fort Lauderdale)

APN: 00-42-44-02-14-000-1360

Florida Palm Beach County West Palm Beach 33415 Cannongate

883 Sumter Rd E, West Palm Beach, FL

Not Listed for Sale

Detached

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