NOT LISTED FOR SALE

1500 Presidential Way Unit 5040 West Palm Beach, FL 33401

Banyan Cay Neighborhood

Estimated Value: $220,658 - $265,000

2 Beds
2 Baths
1,194 Sq Ft
$595/mo HOA Fee

Last Sold November 11, 2021

Last sale price $173,000 $145 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $2,032/month

4 Days on Market

Highlights

  • Water Views
  • Screened Porch
  • Balcony
  • Fitness Center
  • Elevator
  • Walk-In Closet

About This Home

As of November 2021

Bright and open 2 bedroom with 2 bath corner unit with large windows and recently updated kitchen and all in a great location. The stainless kitchen appliances and white cabinets compliment the darker counter top. This unit has a large pantry. Renovated baths. Great balcony off the living area and primary bedroom. One small pet permitted. Close to the Outlet Mall, Whole Foods, I-95, Airport, downtown entertainment and beach.

Last Agent to Sell the Property

Frank Forlini

Donohue Real Estate Palm Beach License #3276131 Listed on: 10/07/2021

Donohue Real Estate Palm Beach

Co-Listed By

James L Hicks III, P.A.

Donohue Real Estate, LLC License #3351122

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $769

Year Built

  • Built in 1972

Lot Details

  • 1.04

HOA Fees

  • $595 Monthly HOA Fees

Property Views

  • Water
  • Golf Course
  • Garden

Interior Spaces

  • 1,194 Sq Ft Home
  • Combination Dining and Living Room
  • Screened Porch
  • Ceramic Tile Flooring

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

Parking

  • Guest Parking
  • Open Parking

Outdoor Features

  • Balcony

Utilities

  • Central Heating and Cooling System
  • Municipal Trash
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 74434317110015040

Community Details

Overview

  • Association fees include common areas, ground maintenance, maintenance structure, pest control, sewer, trash, water
  • 48 Units
  • High-Rise Condominium
  • Yorktown Condo Subdivision
  • 8-Story Property

Amenities

  • Laundry Facilities
  • Elevator
  • Community Storage Space

Recreation

  • Fitness Center

Property Details

Home Type

Condominium

Est. Annual Taxes

$769

Year Built

Built in 1972

Lot Details

0

HOA Fees

$595 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: Congress Avenue to Presidential Way.
  • Year Built: 1972
  • Architectural Style: High Rise
  • Unit Levels: Three Or More
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Living/Dining Room, Split Bedrooms, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Dishwasher, Electric Range, Microwave, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Ceramic Tile
  • Living Area: 1194.0
  • Dining Room Type: Storage Room
  • Stories: 8

Exterior Features

  • Exterior Features: Balcony
  • View: Golf Course, Garden, Water
  • Pool Features: None
  • View: Yes
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Balcony, Screened
  • Property Condition: Resale

Garage/Parking

  • Garage Yn: No
  • Open Parking: Yes
  • Parking Features: Guest, Open

Utilities

  • Laundry Features: Common Area
  • Cooling: Central Air, 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: 595.0
  • Community Features: Non-Gated, Sidewalks
  • Senior Community: No
  • Amenities: Fitness Center, Laundry, Storage, Trash, Elevator(s)
  • Association Fee Frequency: Monthly

Fee Information

  • Association Fee Includes: Common Areas, Maintenance Grounds, Maintenance Structure, Pest Control, Sewer, Trash, Water

Lot Info

  • Parcel #: 74434317110015040
  • Zoning Description: MF32(c

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 769.0

Multi Family

  • Number Of Units In Community: 48

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2021
Closed on
Nov 11, 2021
Sold by
Saldana Ella
Bought by
Ortega Eduardo Diaz and Gomez Marely
Seller's Agent
Frank Forlini
Donohue Real Estate Palm Beach
List Price
$180,000
Sold Price
$173,000
Premium/Discount to List
-$7,000
-3.89%
Current Estimated Value
$243,165

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,165
Avg. Annual Appreciation
8.42%

Purchase Details

Closed on
May 3, 2010
Sold by
Colon Teofilo and Saldana Elia
Bought by
Saldana Elia

Purchase Details

Closed on
Jul 20, 2007
Sold by
Gomez Alfonso and Gomez Luz Marina
Bought by
Colon Teofilo and Saldana Elia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000
Interest Rate
6.56%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 27, 2001
Sold by
Neville Charlotte Carol and Schmitt Margaret M
Bought by
Gomez Alfonso and Gomez Luz Marina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,050
Interest Rate
6.49%
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
Ortega Eduardo Diaz $173,000 First International Ttl Inc
Saldana Elia $65,000 Attorney
Colon Teofilo $175,000 Universal Land Title Inc
Gomez Alfonso $59,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Colon Teofilo $10,000
Previous Owner Colon Teofilo $140,000
Previous Owner Gomez Alfonso $56,050
Previous Owner Gomez Alfonso $56,050
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/11/2021 11/11/21 Sold $173,000 -3.9% $145 / Sq Ft
10/12/2021 10/12/21 Pending -- -- --
10/07/2021 10/07/21 For Sale $180,000 -- $151 / 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 $1,700 $120,294 -- --
2023 $1,637 $116,790 $0 $0
2022 $1,689 $113,388 $0 $0
2021 $769 $54,263 $0 $0
2020 $769 $53,514 $0 $0
2019 $769 $52,311 $0 $0
2018 $698 $51,336 $0 $0
2017 $674 $50,280 $0 $0
2016 $666 $49,246 $0 $0
2015 $673 $48,904 $0 $0
2014 $672 $48,516 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Frank Forlini

    Seller's Agent in 2021

    Frank Forlini

    Donohue Real Estate Palm Beach

    (561) 541-3882

    11 in this area

    53 Total Sales

    Frank Forlini
    Section Image
  • James L Hicks III, P.A.

    Seller Co-Listing Agent in 2021

    James L Hicks III, P.A.

    Donohue Real Estate, LLC

    (561) 358-1076

    6 in this area

    48 Total Sales

    James L Hicks III, P.A.
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10750449

BeachesMLS

APN: 74-43-43-17-11-001-5040

Florida Palm Beach County West Palm Beach 33401 Banyan Cay

1500 Presidential Way Unit 5040, West Palm Beach, FL

This home is located at 1500 Presidential Way Unit 5040, West Palm Beach, FL 33401 since 07 October 2021 and is currently estimated at $243,165, approximately $203 per square foot. This property was built in 1972. 1500 Presidential Way Unit 5040 is a home located in Palm Beach County with nearby schools including Roosevelt Elementary School, Roosevelt 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.

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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