NOT LISTED FOR SALE

1640 Presidential Way Unit 505 West Palm Beach, FL 33401

Banyan Cay Neighborhood

Estimated Value: $282,000 - $341,000

3 Beds
2 Baths
1,638 Sq Ft
$492/mo HOA Fee

Last Sold September 30, 2015

Last sale price $155,000 $95 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $2,264/month

52 Days on Market

Highlights

  • Gated with Attendant
  • Roman Tub
  • Sauna
  • Golf Course View
  • Marble Flooring
  • High Ceiling

About This Home

As of September 2015

Immaculate condo with new paint and carpet throughout. Across street from new outlets and dining areas. Marble tile throughout large living area with large balcony. Gourmet kitchen w/granite counter tops, cherry cabinets stainless appliances, glass top range and bar. Large sliders in living room open to balcony w/view of golf course. Rest easy in the over-sized master suite, his & hers walk in closets with custom built-ins, granite counter tops, jacuzzi tub, dual sinks and separate shower. There 2 other l

Last Agent to Sell the Property

Jason Flaherty

Keller Williams Realty Jupiter License #3312490 Listed on: 07/09/2015

Last Buyer's Agent

Pearl Carson

The 24 Realty Group LLC License #3022639

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,288

Year Built

  • Built in 2004

Lot Details

  • Southeast Facing Home

HOA Fees

  • $492 Monthly HOA Fees

Interior Spaces

  • 1,638 Sq Ft Home
  • High Ceiling
  • Ceiling Fan
  • Great Room
  • Combination Dining and Living Room
  • Golf Course Views

Kitchen

  • Breakfast Bar
  • Electric Range
  • Dishwasher

Flooring

  • Carpet
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Closet Cabinetry
  • Walk-In Closet
  • 2 Full Bathrooms
  • Roman Tub

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • Over 1 Space Per Unit
  • Assigned Parking

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 74434317280015050

Community Details

Overview

  • Association fees include management, common areas, insurance, maintenance structure, recreation facilities, security, water
  • Park Place Condo Subdivision
  • 5-Story Property

Amenities

  • Sauna
  • Game Room

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed

Security

  • Gated with Attendant
  • Resident Manager or Management On Site
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,288

Year Built

Built in 2004

Lot Details

0

HOA Fees

$492 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: Exit I95 at Palm Beach Lakes Boulevard East to Congress Avenue, Left on Congress then right at first light at Presidential Way, first right into Park Place on right
  • Year Built: 2004
  • Special Features: None

Interior Features

  • Interior Amenities: Breakfast Bar, Closet Cabinetry, Elevator, Garden Tub/Roman Tub, High Ceilings, Living/Dining Room, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Carpet, Marble, Tile
  • Living Area: 1638.0
  • Dining Room Type: Great Room
  • Stories: 5

Exterior Features

  • View: Golf Course
  • Pool Features: None, Community
  • Waterfront: No
  • Construction Type: Block
  • Direction Faces: Southeast

Garage/Parking

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

Utilities

  • Security: Gated with Guard, Fire Sprinkler System, Smoke Detector(s)
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 492.0
  • Community Features: Fitness, Game Room, Property Manager On-Site, Pool, Sauna
  • Senior Community: No
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Association Management, Common Areas, Insurance, Maintenance Structure, Recreation Facilities, Security, Water

Lot Info

  • Parcel #: 74434317280015050
  • Zoning Description: RES

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 2288.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2015
Closed on
Sep 25, 2015
Sold by
Flaherty Thomas D and Flaherty Tamara L
Bought by
Bolling William
Seller's Agent
Jason Flaherty
Keller Williams Realty Jupiter
Buyer's Agent
Pearl Carson
The 24 Realty Group LLC
List Price
$168,000
Sold Price
$155,000
Premium/Discount to List
-$13,000
-7.74%
Current Estimated Value
$300,070

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$145,070
Avg. Annual Appreciation
6.77%
Original Mortgage
$124,000
Outstanding Balance
$97,859
Interest Rate
3.97%
Mortgage Type
New Conventional
Estimated Equity
$202,211

Purchase Details

Closed on
Jun 17, 2004
Sold by
1600 Presidential Way Llc
Bought by
Flaherty Thomas D and Flaherty Tamara L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,800
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Bolling William $155,000 Patch Reef Title Company Inc
Flaherty Thomas D $256,900 Trans State Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bolling William $124,000
Previous Owner Flaherty Thomas D $179,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2015 09/30/15 Sold $155,000 -7.7% $95 / Sq Ft
08/31/2015 08/31/15 Pending -- -- --
07/09/2015 07/09/15 For Sale $168,000 -- $103 / 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 $2,379 $148,476 -- --
2023 $2,304 $144,151 $0 $0
2022 $2,259 $139,952 $0 $0
2021 $2,235 $135,876 $0 $0
2020 $2,216 $134,000 $0 $134,000
2019 $2,245 $134,211 $0 $0
2018 $2,080 $131,709 $0 $0
2017 $2,026 $129,000 $0 $0
2016 $3,127 $134,000 $0 $0
2015 $2,497 $90,508 $0 $0
2014 $2,288 $82,280 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2015

    Jason Flaherty

    Keller Williams Realty Jupiter

  • Pearl Carson

    Buyer's Agent in 2015

    Pearl Carson

    The 24 Realty Group LLC

    (561) 452-7709

    5 Total Sales

    Pearl Carson
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Map

Source: BeachesMLS

MLS Number: R10150384

BeachesMLS

APN: 74-43-43-17-28-001-5050

Florida Palm Beach County West Palm Beach 33401 Banyan Cay

1640 Presidential Way Unit 505, West Palm Beach, FL

This home is located at 1640 Presidential Way Unit 505, West Palm Beach, FL 33401 since 09 July 2015 and is currently estimated at $300,070, approximately $183 per square foot. This property was built in 2004. 1640 Presidential Way Unit 505 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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