NOT LISTED FOR SALE

Jefferson Tower 2425 Presidential Way Unit 4040 West Palm Beach, FL 33401

Banyan Cay Neighborhood

Estimated Value: $221,752 - $286,000

2 Beds
2 Baths
1,294 Sq Ft
$702/mo HOA Fee

Last Sold March 22, 2021

Last sale price $164,000 $127 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $2,346/month

156 Days on Market

Highlights

  • Doorman
  • Golf Course Community
  • Gated with Attendant
  • Water Views
  • Fitness Center
  • Clubhouse

About This Home

As of March 2021

This condo has updated open kitchen with newer stainless steel appliances,sunny south east exposure,2 seperate balconies and is located in a high-rise doorman building West Palm Beach. White tile throughout..Pet friendly building .Located in one of the most convenient locations in all of West Palm Beach .Just minutes to all that the city has to offer PBIA,Beaches,Downtown, and shopping and dining right across the street at Palm Beach Premium Outlets. Banyan Cay is getting close to Grand Opening time so this is the time to purchase your new home and be ready to enjoy!!!Overlooking the newest Banyan Cay golf course which is pant Newly created luxury resort in West Palm Beach. Part hotel. Part lifestyle. Completely refined. And coming soon to the West Palm Beach...BANYAN CAY

Last Agent to Sell the Property

Shelley Gerst

The Corcoran Group License #566241 Listed on: 09/16/2020

The Corcoran Group

Last Buyer's Agent

Anjali Etwaru

Coldwell Banker Realty /Delray Beach License #3479049

Coldwell Banker Realty /Delray Beach

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,809

Year Built

  • Built in 1974

HOA Fees

  • $702 Monthly HOA Fees

Parking

  • Assigned Parking

Property Views

  • Garden

Interior Spaces

  • 1,294 Sq Ft Home
  • Combination Dining and Living Room
  • Ceramic Tile Flooring
  • Security Gate

Kitchen

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

Bedrooms and Bathrooms

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

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 74434318020004040

Community Details

Overview

  • Association fees include management, common areas, cable TV, hot water, insurance, parking, pest control, pool(s), sewer, security, trash, water, internet
  • 1,000 Units
  • High-Rise Condominium
  • Lands Of The President Co Subdivision
  • 20-Story Property

Amenities

  • Doorman
  • Clubhouse
  • Laundry Facilities
  • Elevator
  • Community Wi-Fi

Recreation

  • Golf Course Community
  • Community Pool

Security

  • Gated with Attendant
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,809

Year Built

Built in 1974

Lot Details

0

HOA Fees

$702 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: Palm Beach Lakes to Congress north to Presidential way
  • Year Built: 1974
  • Architectural Style: High Rise
  • Entry Level: 4
  • Unit Levels: Three Or More
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Eat-in Kitchen, Living/Dining Room, Split Bedrooms, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Ceramic Tile
  • Living Area: 1294.0
  • Stories: 20

Exterior Features

  • View: Golf Course, Garden, Other, Water
  • Pool Features: None, Association, Community
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale

Garage/Parking

  • Garage Yn: No
  • Parking Features: Assigned

Utilities

  • Laundry Features: Common Area
  • Security: Door Man, Security Gate, 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, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 702.0
  • Community Features: Golf, Golf Course Community, Gated, Internet Access, Pool, Street Lights, Sidewalks
  • Senior Community: No
  • Amenities: Clubhouse, Fitness Center, Golf Course, Laundry, Pool, Trash, Elevator(s)
  • Association Fee Frequency: Monthly

Fee Information

  • Association Fee Includes: Association Management, Common Areas, Cable TV, Hot Water, Insurance, Parking, Pest Control, Pool(s), Sewer, Security, Trash, Water, Internet

Lot Info

  • Parcel #: 74434318020004040
  • Lot Size Sq Ft: 180.0
  • Zoning Description: MF32(c
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 2809.0

Multi Family

  • Number Of Units In Community: 1000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2020
Closed on
Mar 19, 2021
Sold by
Iii Iv Partners Llc
Bought by
Ruth Madeline Amelia
Seller's Agent
Shelley Gerst
The Corcoran Group
Buyer's Agent
Anjali Etwaru
Coldwell Banker Realty /Delray Beach
List Price
$169,000
Sold Price
$164,000
Premium/Discount to List
-$5,000
-2.96%
Current Estimated Value
$253,916

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,916
Avg. Annual Appreciation
10.42%
Original Mortgage
$131,200
Outstanding Balance
$119,204
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$133,984

Purchase Details

Listed on
Apr 29, 2014
Closed on
Nov 19, 2014
Sold by
Tisch Ronald I and Tisch Edwarda A
Bought by
Iii Iv Partners Llc
Seller's Agent
Joan Wynne
Premier Brokers International
Buyer's Agent
Joan Wynne
Premier Brokers International
List Price
$139,500
Sold Price
$108,000
Premium/Discount to List
-$31,500
-22.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.81%

Purchase Details

Closed on
Jun 30, 2004
Sold by
Marino Teresa A
Bought by
Tisch Ronald I and Tisch Edwarda A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,600
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 28, 2003
Sold by
Banks Mark Steven
Bought by
Marino Teresa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,000
Interest Rate
5.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 15, 2002
Sold by
Feder Stanley
Bought by
Banks Mark Steven
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
Ruth Madeline Amelia $164,000 Attorney
Iii Iv Partners Llc $108,000 Lighthouse Title Svcs Inc
Tisch Ronald I $172,000 First Fidelity Title Inc
Marino Teresa A $103,000 --
Banks Mark Steven $80,000 Automated Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ruth Madeline Amelia $131,200
Previous Owner Tisch Ronald I $137,600
Previous Owner Tisch Ronald I $17,200
Previous Owner Marino Teresa A $82,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2021 03/22/21 Sold $164,000 -3.0% $127 / Sq Ft
02/20/2021 02/20/21 Pending -- -- --
09/16/2020 09/16/20 For Sale $169,000 0.0% $131 / Sq Ft
02/01/2017 02/01/17 Rented $1,400 0.0% --
01/02/2017 01/02/17 Under Contract -- -- --
12/12/2016 12/12/16 For Rent $1,400 +3.7% --
08/01/2016 08/01/16 Rented $1,350 -3.6% --
07/02/2016 07/02/16 Under Contract -- -- --
05/20/2016 05/20/16 For Rent $1,400 +7.7% --
11/01/2015 11/01/15 Rented $1,300 -10.3% --
10/02/2015 10/02/15 Under Contract -- -- --
11/23/2014 11/23/14 For Rent $1,450 0.0% --
11/19/2014 11/19/14 Sold $108,000 -22.6% $90 / Sq Ft
10/20/2014 10/20/14 Pending -- -- --
04/29/2014 04/29/14 For Sale $139,500 -- $116 / 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 $2,901 $174,000 -- --
2023 $3,125 $184,000 $0 $184,000
2022 $3,493 $156,200 $0 $0
2021 $2,958 $127,000 $0 $127,000
2020 $2,766 $117,000 $0 $117,000
2019 $2,810 $122,000 $0 $122,000
2018 $2,450 $109,000 $0 $109,000
2017 $2,232 $97,000 $0 $0
2016 $2,073 $87,000 $0 $0
2015 $2,012 $82,000 $0 $0
2014 $1,590 $60,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Shelley Gerst

    Seller's Agent in 2021

    Shelley Gerst

    The Corcoran Group

    (561) 655-9029

    38 in this area

    39 Total Sales

    Section Image

  • A

    Buyer's Agent in 2021

    Anjali Etwaru

    Coldwell Banker Realty /Delray Beach

    (561) 278-0300

    2 in this area

    15 Total Sales

    Section Image

  • S

    Buyer's Agent in 2017

    Scott Alexander

    Kanga Property Management

    (561) 386-6472

    4 in this area

    50 Total Sales

    Section Image

  • J

    Seller's Agent in 2014

    Joan Wynne

    Premier Brokers International

    (561) 308-2181

    12 in this area

    14 Total Sales

    Section Image
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About Jefferson Tower

Map

Source: BeachesMLS

MLS Number: R10655587

BeachesMLS

APN: 74-43-43-18-02-000-4040

Florida Palm Beach County West Palm Beach 33401 Banyan Cay

2425 Presidential Way Unit 4040, West Palm Beach, FL

This home is located at 2425 Presidential Way Unit 4040, West Palm Beach, FL 33401 since 16 September 2020 and is currently estimated at $253,188, approximately $195 per square foot. This property was built in 1974. 2425 Presidential Way Unit 4040 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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