NOT LISTED FOR SALE

1901 Presidential Way Unit 2040 West Palm Beach, FL 33401

Banyan Cay Neighborhood

Estimated Value: $324,319 - $415,000

3 Beds
2 Baths
1,506 Sq Ft
$632/mo HOA Fee

Last Sold December 07, 2023

Last sale price $325,000 $216 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $3,085/month

40 Days on Market

Highlights

  • On Golf Course
  • Waterfront
  • Community Pool
  • Gated with Attendant
  • Screened Porch
  • Tennis Courts

About This Home

As of December 2023

Stunning three-bedroom, two-bathroom corner unit condo on the second floor, with water views of Banyan Cay golf course. Features built-in furnishings, large cedar-lined closets including a walk-in, a well-maintained kitchen with washer/dryer, an extended terrace, and an additional balcony, giving abundant natural light, freshly painted, and a NEW HVAC installed in 2022. Close to I-95, Whole Foods, Home Depot, Target, Starbucks, Royal Poinciana Plaza, The Breakers, Kravis Center, The Square, Tri-Rail, Palm Beach Int'l Airport, and the beach! Lands of the President is a Gated Golf Community with 24-hour security. This condo is located in the only Association with the lowest monthly maintenance fees in the entire development! Take advantage of this unbeatable opportunity at such a low price!

Last Agent to Sell the Property

James Mondo

Coldwell Banker Realty License #3416691 Listed on: 10/27/2023

Coldwell Banker Realty

Last Buyer's Agent

Chelsey MacDonald

Charles Rutenberg Realty FTL License #3559444

Charles Rutenberg Realty FTL

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,232

Year Built

  • Built in 1971

Lot Details

  • Waterfront
  • On Golf Course

HOA Fees

  • $632 Monthly HOA Fees

Property Views

  • Water
  • Golf Course
  • Garden

Home Design

  • Entry on the 2nd floor
  • Barrel Roof Shape
  • Composition Roof
  • Concrete Roof

Interior Spaces

  • 1,506 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Custom Mirrors
  • Partially Furnished
  • Built-In Features
  • Bar
  • Sliding Windows
  • Entrance Foyer
  • Combination Dining and Living Room
  • Screened Porch

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Washer and Dryer

Home Security

Parking

  • Guest Parking
  • Open Parking
  • Assigned Parking

Outdoor Features

  • Balcony
  • Open Patio

Schools

  • Roosevelt Elementary School
  • Roosevelt Community Middle School
  • Palm Beach Lakes High School

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 74434317060062040

Community Details

Overview

  • Association fees include common areas, cable TV, insurance, legal/accounting, ground maintenance, maintenance structure, pest control, pool(s), reserve fund, roof, sewer, security, trash, water
  • President Cond 1 Lt 4 Pl Subdivision

Recreation

  • Golf Course Community
  • Tennis Courts
  • Community Pool
  • Trails

Pet Policy

  • Pets Allowed

Security

  • Gated with Attendant
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,232

Year Built

Built in 1971

Lot Details

0

HOA Fees

$632 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: East on Palm Beach Lakes Blvd, North on Congress Ave, Right on Presidential Way. Proceed to Gate Entrance of Lands of the President, Continue on Presidential Way; 1901 is on the left. -Guest parking.
  • Year Built: 1971
  • Entry Level: 2
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Wet Bar, Built-in Features, Closet Cabinetry, Entrance Foyer, Eat-in Kitchen, Living/Dining Room, Custom Mirrors, Pantry, Split Bedrooms, Tub Shower, Bar, Walk-In Closet(s)
  • Furnished: Partially
  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer/Dryer, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Carpet, Tile
  • Living Area: 1506.0
  • Dining Room Type: Laundry, Storage Room
  • Stories: 1
  • Window Features: Sliding

Exterior Features

  • Exterior Features: Balcony
  • View: Golf Course, Garden, Water
  • Lot Features: On Golf Course
  • Pool Features: None, Association, Community
  • Pool Private: No
  • View: Yes
  • Waterfront: Yes
  • Construction Type: Block
  • Patio And Porch Features: Balcony, Open, Screened
  • Property Condition: Resale
  • Roof: Barrel, Composition, Concrete

Garage/Parking

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

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Security: Gated with Guard, Security Guard, Smoke Detector(s)
  • 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: 632.0
  • Community Features: Golf, Golf Course Community, Gated, Pool, Street Lights, Sidewalks, Tennis Court(s)
  • Senior Community: No
  • Amenities: Golf Course, Pool, Tennis Court(s), Trail(s)
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Common Areas, Cable TV, Insurance, Legal/Accounting, Maintenance Grounds, Maintenance Structure, Pest Control, Pool(s), Reserve Fund, Roof, Sewer, Security, Trash, Water

Schools

  • Elementary School: Roosevelt
  • High School: Palm Beach Lakes
  • Middle Or Junior School: Roosevelt Community

Lot Info

  • Parcel #: 74434317060062040
  • Lot Size: 3 to < 4 Acres,Golf Fron
  • Zoning Description: MF32

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 1232.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2023
Closed on
Jan 18, 2024
Sold by
Scherning Erik Bjorn and Scherning Anna Marie
Bought by
Irrevocable House Trust and Scherning
Seller's Agent
James Mondo
Coldwell Banker Realty
Buyer's Agent
Chelsey MacDonald
Charles Rutenberg Realty FTL
List Price
$349,000
Sold Price
$325,000
Premium/Discount to List
-$24,000
-6.88%
Views
92
Current Estimated Value
$369,330

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,330
Avg. Annual Appreciation
7.20%

Purchase Details

Listed on
Oct 27, 2023
Closed on
Nov 27, 2023
Sold by
Dina S Fisher Declaration Of Trust
Bought by
Scherning Erik Bjorn and Scherning Anna Marie
Seller's Agent
James Mondo
Coldwell Banker Realty
Buyer's Agent
Chelsey MacDonald
Charles Rutenberg Realty FTL
List Price
$349,000
Sold Price
$325,000
Premium/Discount to List
-$24,000
-6.88%
Views
92

Purchase Details

Closed on
Mar 1, 2021
Sold by
Fisher Dina S
Bought by
Fisher Dina S and The Dina S Fisher Declaration
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
Irrevocable House Trust -- None Listed On Document
Scherning Erik Bjorn $325,000 Sunbelt Title
Scherning Erik Bjorn $325,000 Sunbelt Title
Fisher Dina S -- Accommodation
Dina S Fisher Declaration Of Trust -- None Listed On Document
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/07/2023 12/07/23 Sold $325,000 -6.9% $216 / Sq Ft
10/27/2023 10/27/23 For Sale $349,000 -- $232 / 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 $5,934 $280,000 -- --
2023 $1,270 $93,944 $0 $0
2022 $1,232 $91,208 $0 $0
2021 $1,206 $88,551 $0 $0
2020 $1,190 $87,328 $0 $0
2019 $1,161 $85,365 $0 $0
2018 $1,043 $83,773 $0 $0
2017 $996 $82,050 $0 $0
2016 $980 $80,362 $0 $0
2015 $997 $79,803 $0 $0
2014 $994 $79,170 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • James Mondo

    Seller's Agent in 2023

    James Mondo

    Coldwell Banker Realty

    (561) 832-4663

    5 in this area

    39 Total Sales

    James Mondo
    Section Image

  • C

    Buyer's Agent in 2023

    Chelsey MacDonald

    Charles Rutenberg Realty FTL

    (561) 271-3773

    1 in this area

    2 Total Sales

    Chelsey MacDonald
    Section Image

  • S

    Buyer Co-Listing Agent in 2023

    Sheryl Macdonald

    Charles Rutenberg Realty FTL

    (561) 722-7523

    1 in this area

    21 Total Sales

    Sheryl Macdonald
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10931007

BeachesMLS

APN: 74-43-43-17-06-006-2040

Florida Palm Beach County West Palm Beach 33401 Banyan Cay

1901 Presidential Way Unit 2040, West Palm Beach, FL

This home is located at 1901 Presidential Way Unit 2040, West Palm Beach, FL 33401 since 27 October 2023 and is currently estimated at $369,330, approximately $245 per square foot. This property was built in 1971. 1901 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.

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