NOT LISTED FOR SALE

1640 Presidential Way Unit 407 West Palm Beach, FL 33401

Banyan Cay Neighborhood

Estimated Value: $286,000 - $333,000

3 Beds
2 Baths
1,638 Sq Ft
$626/mo HOA Fee

Last Sold April 28, 2023

Last sale price $300,000 $183 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $2,598/month

39 Days on Market

Highlights

  • Fitness Center
  • Sauna
  • Separate Shower in Primary Bathroom
  • Gated Community
  • Community Pool
  • Walk-In Closet

About This Home

As of April 2023

COME TAKE A LOOK AT THIS RARELY AVAILABLE GATED CONDO COMMUNITY IN THE HEART OF WEST PALM BEACH, CLOSE TO OUTLET MALL TONS OF RESTURANTS CLOSE TO CLEMATIS STREET AND KRAVIS CENTER. UNIT OFFERS 3 BEDROOMS AND 2 FULL BATHS. LUXORY KITCHEN HAS GRANITE COUNTER TOPS TRAVERTINE TILE FLOORING AND STAINLESS STEEL APPLIANCES.UNIT ALSO OFFERS 10FT CEILINGS EVERYWHERE. UNIT HAS WASHER AND DRYER AND A LARGE BALCONY.MASTER BATH OFFERS DUAL SINKS AND ROMAN TUB WITH JETS. COMMUNITY ALSO OFFERS HEATED POOL, GYM, SAUNA, BILLARDS ROOM, SEPERATE ENTRANCE, AND ELEVATORS. MUST SEE WILL NOT LAST!

Last Agent to Sell the Property

Timothy Leyendecker

RE/MAX Prestige Realty License #SL608674 Listed on: 02/17/2023

Last Buyer's Agent

Timothy Leyendecker

RE/MAX Prestige Realty License #SL608674 Listed on: 02/17/2023

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,648

Year Built

  • Built in 2004

Lot Details

  • Fenced

HOA Fees

  • $626 Monthly HOA Fees

Interior Spaces

  • 1,638 Sq Ft Home
  • Blinds
  • Combination Dining and Living Room
  • Security Gate

Kitchen

  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • 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

Listing and Financial Details

  • Assessor Parcel Number 74434317280014070

Community Details

Overview

  • Park Place Condo Subdivision
  • 5-Story Property

Amenities

  • Sauna

Recreation

  • Fitness Center
  • Community Pool

Security

  • Security Guard
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,648

Year Built

Built in 2004

Lot Details

0

HOA Fees

$626 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: Palm Beach Lakes Blvd to Congress to Presidential way.
  • Year Built: 2004
  • Entry Level: 407
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Dual Sinks, Living/Dining Room, Separate Shower, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Electric Water Heater, Disposal, Refrigerator, Washer/Dryer, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Other
  • Living Area: 1638.0
  • Dining Room Type: Laundry
  • Stories: 5
  • Window Features: Blinds

Exterior Features

  • Exterior Features: Fence
  • Pool Features: None, Association, Community
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Association Fee: 626.0
  • Community Features: Gated, Pool, Sauna, Sidewalks
  • Senior Community: No
  • Amenities: Fitness Center, Pool, Sauna
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 74434317280014070
  • Zoning Description: MF32(c

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 3648.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2023
Closed on
Apr 25, 2023
Sold by
Feldberg Simon
Bought by
Gannon Jeremy
Seller's Agent
Timothy Leyendecker
RE/MAX Prestige Realty
Buyer's Agent
Timothy Leyendecker
RE/MAX Prestige Realty
List Price
$330,000
Sold Price
$300,000
Premium/Discount to List
-$30,000
-9.09%
Current Estimated Value
$301,915

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,915
Avg. Annual Appreciation
0.26%
Original Mortgage
$285,000
Outstanding Balance
$276,815
Interest Rate
6.42%
Mortgage Type
New Conventional
Estimated Equity
$25,100

Purchase Details

Listed on
Feb 19, 2012
Closed on
Feb 8, 2012
Sold by
Federal National Mortgage Association
Bought by
Feldberg Simon
Seller's Agent
Laurie Laidlaw McIntosh
Florida Premier Realty of the Palm Beaches LLC
Buyer's Agent
Olive Sullivan-Ahern
Highlight Realty Corp/LW
Sold Price
$1,300

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.17%

Purchase Details

Closed on
Jul 26, 2010
Sold by
Perlova Laresa
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
May 27, 2004
Sold by
1600 Presidential Way Llc
Bought by
Perlov Arkady and Perlov Laresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
5.98%
Mortgage Type
Credit Line Revolving
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
Gannon Jeremy $300,000 None Listed On Document
Feldberg Simon $101,000 Attorney
Federal National Mortgage Association $50,100 None Available
Perlov Arkady $246,900 Trans State Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gannon Jeremy $285,000
Previous Owner Perlov Arkady $176,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/28/2023 04/28/23 Sold $300,000 -9.1% $183 / Sq Ft
03/29/2023 03/29/23 Pending -- -- --
02/17/2023 02/17/23 For Sale $330,000 0.0% $201 / Sq Ft
04/01/2012 04/01/12 Rented $1,300 -13.3% --
03/02/2012 03/02/12 Under Contract -- -- --
02/19/2012 02/19/12 For Rent $1,500 0.0% --
02/07/2012 02/07/12 Sold $101,100 +3.7% $62 / Sq Ft View Prior Sale
01/08/2012 01/08/12 Pending -- -- --
12/03/2011 12/03/11 For Sale $97,500 -- $60 / 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 $4,660 $260,000 -- --
2023 $4,093 $164,560 $0 $0
2022 $3,648 $149,600 $0 $0
2021 $3,154 $136,000 $0 $136,000
2020 $3,117 $133,000 $0 $133,000
2019 $3,258 $138,000 $0 $138,000
2018 $3,117 $138,000 $0 $138,000
2017 $2,878 $128,000 $0 $0
2016 $2,799 $113,135 $0 $0
2015 $2,681 $102,850 $0 $0
2014 $2,464 $93,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2023

    Timothy Leyendecker

    RE/MAX

  • Laurie Laidlaw McIntosh

    Seller's Agent in 2012

    Laurie Laidlaw McIntosh

    Florida Premier Realty of the Palm Beaches LLC

    (561) 234-9981

    1 Total Sale

    Laurie Laidlaw McIntosh
    Section Image

  • W

    Seller's Agent in 2012

    Warren Cleveland

    Every Florida Home

    (561) 307-1332

    Warren Cleveland
    Section Image

  • J

    Seller Co-Listing Agent in 2012

    Jeanne Greek

    Gulfstream Properties

    (561) 732-6833

    Jeanne Greek
    Section Image

  • O

    Buyer's Agent in 2012

    Olive Sullivan-Ahern

    Highlight Realty Corp/LW

    (561) 252-1004

    26 Total Sales

    Olive Sullivan-Ahern
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10867023

BeachesMLS

APN: 74-43-43-17-28-001-4070

Florida Palm Beach County West Palm Beach 33401 Banyan Cay

1640 Presidential Way Unit 407, West Palm Beach, FL

This home is located at 1640 Presidential Way Unit 407, West Palm Beach, FL 33401 since 17 February 2023 and is currently estimated at $301,915, approximately $184 per square foot. This property was built in 2004. 1640 Presidential Way Unit 407 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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