NOT LISTED FOR SALE

1731 Presidential Way Unit 2040 West Palm Beach, FL 33401

Banyan Cay Neighborhood

Estimated Value: $248,497 - $294,000

2 Beds
2 Baths
1,322 Sq Ft
$567/mo HOA Fee

Last Sold March 29, 2022

Last sale price $219,000 $166 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $2,395/month

56 Days on Market

Highlights

  • Gated with Attendant
  • Sun or Florida Room
  • Laundry Room
  • Waterfront
  • Walk-In Closet
  • Ceramic Tile Flooring

About This Home

As of March 2022

Sit on the balcony and watch the setting sun and marvelous view of the pond and the Banyan Cay golf course in this 2 br convertible 2 bath unit on the second floor. Obviously the best view at Condo 1 in the Lands of the Pres. Here is the canvas for you to transform into your dream home. Hurricane shutters throughout. The adjacent pool is inviting and waiting for you to meet new neighbors. Both internet and cable are included in the maintenance. Gated & secure. AC is 2 yrs old. Convenient to Whole Foods, Target, shopping, restaurants. Close to airport, beaches, Brightline, libraries, City Place, Kravis, Palm Beach, Rte 95

Last Agent to Sell the Property

Mim Hochman

Century 21 America's Choice/WPB License #636635 Listed on: 01/01/2022

Century 21 America's Choice/WPB

Co-Listed By

Rob Castro

Century 21 America's Choice/WPB License #3159935

Last Buyer's Agent

Justin Orlando

Compass Florida LLC License #3425733

Compass Florida LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,806

Year Built

  • Built in 1971

Lot Details

  • Waterfront

HOA Fees

  • $567 Monthly HOA Fees

Parking

  • Over 1 Space Per Unit

Property Views

  • Water
  • Pool

Home Design

  • Barrel Roof Shape

Interior Spaces

  • 1,322 Sq Ft Home
  • 2-Story Property
  • Sliding Windows
  • Dining Room
  • Sun or Florida Room
  • Ceramic Tile Flooring

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Washer and Dryer

Home Security

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 74434317060032040

Community Details

Overview

  • Association fees include management, cable TV, insurance, ground maintenance, pest control, pool(s), roof, sewer, trash, water
  • 1,000 Units
  • Lands Of The President Co Subdivision

Security

  • Gated with Attendant
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,806

Year Built

Built in 1971

Lot Details

0

HOA Fees

$567 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: Palm Beach Lakes. N on Congress. R at Presidential. Through security. Third building on the left.
  • Year Built: 1971
  • Entry Level: 2
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Washer/Dryer, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Ceramic Tile
  • Living Area: 1322.0
  • Dining Room Type: Laundry, Dining Room, Florida Room
  • Stories: 2
  • Window Features: Sliding

Exterior Features

  • View: Other, Pool, Water
  • Pool Features: None
  • Waterfront: Yes
  • Disclosures: Pet on Property
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Barrel

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Association Fee: 567.0
  • Community Features: Gated
  • Senior Community: No
  • Amenities: Other
  • Association Fee Frequency: Monthly

Fee Information

  • Association Fee Includes: Association Management, Cable TV, Insurance, Maintenance Grounds, Pest Control, Pool(s), Roof, Sewer, Trash, Water

Lot Info

  • Parcel #: 74434317060032040
  • Zoning Description: MF32(c

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 2806.0

Multi Family

  • Number Of Units In Community: 1000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 1, 2022
Closed on
Mar 28, 2022
Sold by
Betty Kaufman Revocable Trust
Bought by
Acevedo Erik and Acevedo Albert Kristin
Seller's Agent
Mim Hochman
Century 21 America's Choice/WPB
Buyer's Agent
Justin Orlando
Compass Florida LLC
List Price
$219,900
Sold Price
$219,000
Premium/Discount to List
-$900
-0.41%
Current Estimated Value
$273,124

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,124
Avg. Annual Appreciation
8.02%
Original Mortgage
$164,250
Outstanding Balance
$155,819
Interest Rate
4.42%
Mortgage Type
New Conventional
Estimated Equity
$125,181

Purchase Details

Closed on
Nov 18, 2019
Sold by
Kaufman Betty and Kaufman Robert
Bought by
Kaufman Betty and Betty Kaufman Revocable Trust

Purchase Details

Closed on
Jun 24, 2005
Sold by
Hefel Eric and Hefel Helen
Bought by
Kaufman Robert and Kaufman Betty

Purchase Details

Closed on
Aug 14, 2003
Sold by
Hefel Eric and Hefel Helen
Bought by
Hefel Eric and Hefel Helen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,160
Interest Rate
4.89%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 29, 2002
Sold by
Gutierrez Lino M and Gutierrez Fenella
Bought by
Hefel Eric and Hefel Helen J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,000
Interest Rate
7.16%

Purchase Details

Closed on
May 23, 2000
Sold by
R Joel Slomoff Tr and Morton I Myers Tr
Bought by
Gutierrez Lino M and Gutierrez Ii Lino B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,900
Interest Rate
8.2%
Mortgage Type
New Conventional
Source: Public Records

Similar Homes in West Palm Beach, FL

  • 1639 Embassy 101 Dr Unit 101, West Palm Beach, FL 33401

    $269,900

    • 3 Beds
    • 2 Baths
    • 1,546 Sq Ft
    • 1639 Embassy 101 Dr
    • Unit 101
    • West Palm Beach, FL

    This corner unit is located on the first floor of a two-story building and has been beautifully remodeled. Featuring three bedrooms and two bathrooms, it is the perfect place to call home. The designer kitchen is equipped with glass backsplash and stainless-steel appliances. The master bedroom and living room have sliding doors that lead out to the patio, while one guest bedroom has its own

    Margarita Battro LAER Realty Partners Bowen/Wellington

    Section Image
  • 2400 Presidential Way Unit 3020, West Palm Beach, FL 33401

    $210,000

    • 2 Beds
    • 2 Baths
    • 1,134 Sq Ft
    • 2400 Presidential Way
    • Unit 3020
    • West Palm Beach, FL

    Step into this charming 2-bedroom, 2-bath condo located on the 3rd floor of a beautifully maintained building within the gated community of Lands of the President. The unit includes golf course views, convertible bedroom, a spacious balcony, washer/dryer, pantry, modern bathrooms with shower/tub combo. Both bedrooms feature a walk-in closet, providing ample storage. Within 2 miles of I-95.Move-in

    Adriana Fabbri Kerns, P.A Concierge Properties LLC

    Section Image
  • 2400 Presidential Way Unit 9030, West Palm Beach, FL 33401

    $249,900

    • 2 Beds
    • 2 Baths
    • 1,206 Sq Ft
    • 2400 Presidential Way
    • Unit 9030
    • West Palm Beach, FL

    Set within the prestigious gated community of Lands of the President, this spacious 2-bedroom, 2-bath corner unit offers stunning panoramic views of the golf course through floor-to-ceiling sliding glass doors. Two private balconies provide the perfect setting for outdoor living at any hour of the day.Inside, you'll find generous walk-in closets, storm shutters, ample storage, and a covered

    Adriana Fabbri Kerns, P.A Concierge Properties LLC

    Section Image
  • 2400 Presidential Way Unit 5030, West Palm Beach, FL 33401

    $295,000

    • 2 Beds
    • 2 Baths
    • 1,206 Sq Ft
    • 2400 Presidential Way
    • Unit 5030
    • West Palm Beach, FL

    Step into effortless elegance in this beautifully upgraded 2-bedroom, 2-bath residence at Lands of the President--sold fully furnished with all newer, designer-selected pieces that perfectly complement the light, coastal feel of the home. The kitchen is a showstopper with sleek stone countertops, a contemporary backsplash, and upgraded ceilings that open the space. Rich wood floors add warmth,

    Carla Chitstenson One Sotheby's International Re

    Section Image
  • 1830 Embassy Dr Unit 503, West Palm Beach, FL 33401

    $269,000

    • 1 Bed
    • 1 Bath
    • 725 Sq Ft
    • 1830 Embassy Dr
    • Unit 503
    • West Palm Beach, FL

    Renovated to perfection, this chic condominium in Lakeshore Club is close to everything in West Palm Beach. Turnkey and fully furnished and totally ready to use this coming season. Just bring your toothbrush! Floors are tiled throughout. The kitchen is impeccably updated with white quartz on white cabinetry, stainless steel appliances, farmhouse sink and hex tile backsplash. The bedroom is

    Jefferson Kiely Kiely Real Estate, LLC

    Section Image
  • 579 Green Springs Place, West Palm Beach, FL 33409

    $242,000

    • 2 Beds
    • 2.5 Baths
    • 1,288 Sq Ft
    • 579 Green Springs Place
    • West Palm Beach, FL

    Why pay for extras when everything you need is already included? This updated 2-bedroom, 2.5-bath townhome in Waterside Luxury Townhomes makes life simple and smart. Enjoy a modern kitchen with granite countertops and wine cooler, fresh paint, new flooring, and updated lighting. Each bedroom has its own balcony, plus there's a fenced patio and two parking spaces. Big-ticket items are done: new

    Rhonda Townsend RE/MAX Excellence

    Section Image
  • 20 Somerset A, West Palm Beach, FL 33417

    $299,900

    • 2 Beds
    • 2 Baths
    • 874 Sq Ft
    • 20 Somerset A
    • West Palm Beach, FL

    ABSOLUTELY STUNNING NEWLY RENOVATED 2BED 2BATH UNIT WITH BEAUTIFUL WATER VIEW .HIGH END OPEN CONCEPT KITCHEN, RECESSED LIGHTING, LARGE CERAMIC TILE, CENTRAL AIR.2 FULLY UPDATED BATHROOMS. LARGE ROOMS.GREAT LOCATION STEPS TO SOMERSET SPORTS COMPLEX. HURRICANE WINDOWS. WELL TAKEN CARE OF BUILDING WITH LIFT AND SECOND FLOOR LAUNDRY. COME LIVE THE GOOD LIFE Assigned parking spot plus visitor parking

    Susan Richmond Re/Max Direct

    Section Image
  • 420 Wellington G, West Palm Beach, FL 33417

    $225,000

    • 2 Beds
    • 2 Baths
    • 1,062 Sq Ft
    • 420 Wellington G
    • West Palm Beach, FL

    LARGE CORNER 2/2 PENTHOUSE BEAUTIFUL WATER VIEW HURRICANE IMPACT WINDOWSTILED THROUGHOUT, CENTRAL AIR. DOUBLE SINK IN KITCHEN TWO WALK IN CLOSETS. WELLINGTON ASSOCIATION HAS 2 POOLS JUST FOR RESIDENTS OF WELLINGTON. WELL MANAGED ASSOCIATION, Laundry room, assigned parking spot plus visitor parking available; local bus for errands/shopping both within & outside COME AND ENJOY RESORT STYLE

    Susan Richmond Re/Max Direct

    Section Image
  • 1731 Presidential Way Unit 2010, West Palm Beach, FL 33401

    $325,000

    • 2 Beds
    • 2 Baths
    • 1,470 Sq Ft
    • 1731 Presidential Way
    • Unit 2010
    • West Palm Beach, FL

    Beautifully renovated unit boasting of having all current ''unit and building'' permits and inspections. All work was performed by licensed contractors...owner will provide proof...a must for each unit to avoid possible unforeseen future expenses. Expanded back of unit overlooks water and golf course. Must see if you are looking at anything in this area. Expanded floor area can be used as den or

    Peter Green United Realty Group Inc

    Section Image
See All Homes in West Palm Beach

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Acevedo Erik $219,000 None Listed On Document
Kaufman Betty -- None Available
Kaufman Robert $220,000 Universal Land Title Inc
Hefel Eric -- Resource Title Company Inc
Hefel Eric $90,000 Universal Land Title Inc
Gutierrez Lino M $67,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Acevedo Erik $164,250
Previous Owner Hefel Eric $82,160
Previous Owner Hefel Eric $81,000
Previous Owner Gutierrez Lino M $50,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2022 03/29/22 Sold $219,000 -0.4% $166 / Sq Ft
02/27/2022 02/27/22 Pending -- -- --
01/01/2022 01/01/22 For Sale $219,900 -- $166 / 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 $3,740 $215,000 -- --
2023 $3,805 $217,000 $0 $217,000
2022 $3,162 $132,000 $0 $0
2021 $2,806 $120,000 $0 $120,000
2020 $2,941 $125,000 $0 $125,000
2019 $3,145 $170,000 $0 $170,000
2018 $2,678 $145,000 $0 $145,000
2017 $2,414 $125,000 $0 $0
2016 $2,228 $86,515 $0 $0
2015 $1,997 $78,650 $0 $0
2014 $1,853 $71,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2022

    Mim Hochman

    Century 21 America's Choice/WPB

    (561) 689-6339

    10 in this area

    10 Total Sales

    Mim Hochman
    Section Image

  • R

    Seller Co-Listing Agent in 2022

    Rob Castro

    Century 21 America's Choice/WPB

    (561) 689-6339

    1 in this area

    5 Total Sales

    Rob Castro
    Section Image

  • J

    Buyer's Agent in 2022

    Justin Orlando

    Compass Florida LLC

    1 in this area

    130 Total Sales

    Justin Orlando
    Section Image
See All Agents

Map

Source: BeachesMLS

MLS Number: R10767264

BeachesMLS

APN: 74-43-43-17-06-003-2040

Florida Palm Beach County West Palm Beach 33401 Banyan Cay

1731 Presidential Way Unit 2040, West Palm Beach, FL

This home is located at 1731 Presidential Way Unit 2040, West Palm Beach, FL 33401 since 01 January 2022 and is currently estimated at $273,124, approximately $206 per square foot. This property was built in 1971. 1731 Presidential Way Unit 2040 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.

Nearby Homes