NOT LISTED FOR SALE

Spencer Place Condominium 505 Spencer Dr Unit 1110 West Palm Beach, FL 33409

Palm Beach Lakes South Neighborhood

Estimated Value: $172,000 - $195,000

2 Beds
2 Baths
1,081 Sq Ft
$404/mo HOA Fee

Last Sold February 01, 2019

Last sale price $85,000 $79 Per Sq Ft

Est. 113% increase in value since last sale

Current estimated payment $1,632/month

231 Days on Market

Highlights

  • Water Views
  • Clubhouse
  • Screened Porch
  • Fitness Center
  • Great Room
  • Community Pool

About This Home

As of February 2019

This 2/2 condo in the heart of West Palm Beach offers a community pool, gated entrance, and covered parking. Enter the condo to an open floor plan, light and bright with a covered balcony. Come to add your design touches to the best-valued listing in the community. Close to the airport, outlet malls, fine dining, shopping and entertainment

Last Agent to Sell the Property

David Deschino

The Keyes Company License #3057078 Listed on: 05/15/2018

Last Buyer's Agent

Julie Sheffy, LLC

RE/MAX Prestige Realty - The Pier Group License #BK-709219

RE/MAX Prestige Realty - The Pier Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,572

Year Built

  • Built in 1977

Lot Details

  • 1

HOA Fees

  • $404 Monthly HOA Fees

Home Design

  • Tar and Gravel Roof

Interior Spaces

  • 1,081 Sq Ft Home
  • 4-Story Property
  • Ceiling Fan
  • Great Room
  • Combination Dining and Living Room
  • Screened Porch
  • Water Views

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Stacked Bedrooms
  • 2 Full Bathrooms

Parking

  • Garage
  • Assigned Parking

Outdoor Features

  • Patio

Utilities

  • Central Heating and Cooling System
  • Municipal Trash

Listing and Financial Details

  • Assessor Parcel Number 74434319140001110

Community Details

Overview

  • Association fees include management, common areas, parking, pest control, pool(s), reserve fund, roof
  • High-Rise Condominium
  • Spencer Place Condo Subdivision

Amenities

  • Clubhouse
  • Elevator

Recreation

  • Fitness Center

Security

  • Phone Entry

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,572

Year Built

Built in 1977

Lot Details

0

HOA Fees

$404 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: 1-95 WEST ON PALM BEACH LAKES BOULEVARD TO SPENCER DRIVE MAKE LEFT BUILDING ON THE RIGHT.
  • Year Built: 1977
  • Architectural Style: High Rise
  • Unit Levels: Three Or More
  • Year Built Details: Resale
  • Special Features: 5120

Interior Features

  • Interior Amenities: Living/Dining Room, Stacked Bedrooms
  • Furnished: Unfurnished
  • Appliances: None
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Carpet, Ceramic Tile
  • Living Area: 1081.0
  • Dining Room Type: Great Room
  • Stories: 4

Exterior Features

  • Exterior Features: Enclosed Porch, Patio
  • View: Other, Water
  • Pool Features: None, Association, Community
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Patio, Porch, Screened
  • Property Condition: Resale
  • Roof: Tar/Gravel

Garage/Parking

  • Garage Yn: No
  • Parking Features: Assigned, Garage

Utilities

  • Security: Phone Entry
  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 404.0
  • Community Features: Pool, Street Lights, Sidewalks
  • Senior Community: No
  • Amenities: Clubhouse, Fitness Center, Pool, Trash, Elevator(s)
  • Association Fee Frequency: Monthly

Fee Information

  • Association Fee Includes: Association Management, Common Areas, Parking, Pest Control, Pool(s), Reserve Fund, Roof

Lot Info

  • Parcel #: 74434319140001110
  • Zoning Description: RES
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 1572.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2018
Closed on
Jan 30, 2019
Sold by
Omidi Mahbod and Omidi Mahboo
Bought by
Gillispie Alex R and Gillispie Alex
Seller's Agent
David Deschino
The Keyes Company
Buyer's Agent
Julie Sheffy, LLC
RE/MAX Prestige Realty - The Pier Group
List Price
$109,900
Sold Price
$85,000
Premium/Discount to List
-$24,900
-22.66%
Total Days on Market
231
Current Estimated Value
$181,033

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,033
Avg. Annual Appreciation
13.21%
Original Mortgage
$12,700
Outstanding Balance
$8,485
Interest Rate
4.5%
Mortgage Type
Stand Alone Second
Estimated Equity
$178,146

Purchase Details

Listed on
Nov 13, 2015
Closed on
Feb 4, 2016
Sold by
Federal National Mortgage Association
Bought by
Omidi Mahbod
Seller's Agent
Michelle Daniels
The Real Estate Office Co.
Buyer's Agent
Danielle Calecas
Premier Listings
List Price
$68,500
Sold Price
$59,900
Premium/Discount to List
-$8,600
-12.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.42%

Purchase Details

Closed on
Oct 26, 2015
Sold by
Allison Thomas S and Allison Glenda Cheryl
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Aug 9, 2004
Sold by
Smith Thomas G
Bought by
Allison Thomas and Allison Glenda Cheryl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,400
Interest Rate
4.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 24, 2004
Sold by
Hobbs Robert E
Bought by
Smith Thomas G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
5.53%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 28, 2001
Sold by
Gislele Lowe I
Bought by
Hobbs Robert E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,650
Interest Rate
7.02%
Mortgage Type
New Conventional
Source: Public Records

Similar Homes in West Palm Beach, FL

  • 505 Spencer Dr Unit 2080, West Palm Beach, FL 33409

    $155,000

    • 1 Bed
    • 1 Bath
    • 643 Sq Ft
    • 505 Spencer Dr
    • Unit 2080
    • West Palm Beach, FL

    Cozy 638 sq ft one bedroom, one bath condo on second floor of Spencer Place with balcony overlooking the pool & nice city view. The community pool also has a grilling station. Mitigation inspection is complete, repairs have been made and assessment paid by seller. Great location in West Palm Beach close to downtown West Palm Beach, Outlet mall, restaurants and I-95. Walking distance to

    Magdalena Martin Illustrated Properties LLC (Jupiter)

    Section Image
  • 1500 Presidential Way Unit 2020, West Palm Beach, FL 33401

    $182,900

    • 2 Beds
    • 2 Baths
    • 996 Sq Ft
    • 1500 Presidential Way
    • Unit 2020
    • West Palm Beach, FL

    **FHA Approved**Buy with only 3.5%(Building passed the 50 year recertification) This charming 2-bedroom condo, nestled on the second floor, offers a perfect blend of comfort and convenience. As you step inside, you're greeted by the timeless elegance of ceramic tiles that flow seamlessly throughout the space, providing both durability and style. With its prime location near downtown West Palm

    Loodmy Jacques KW Reserve Palm Beach

    Section Image
  • 1638 Embassy Dr Unit 112, West Palm Beach, FL 33401

    $149,900

    • 2 Beds
    • 2 Baths
    • 890 Sq Ft
    • 1638 Embassy Dr
    • Unit 112
    • West Palm Beach, FL

    All-age community!Discover the best-priced 2BR/2BA condo in all of Palm Beach! This well-maintained, first floor home offers Mexican tile and wood floors, a spacious open layout, and a screened lanai with peaceful views. Enjoy the ease of parking right at your door in an all-age community with completed condo studies and no looming assessments. Ideally located minutes from Palm Beach Outlets,

    Ashley Ouellette PA LAER Realty Partners Bowen/Wellington

    Section Image
  • 2425 Presidential 805 Way Unit 805, West Palm Beach, FL 33401

    $134,900

    • 1 Bed
    • 1.5 Baths
    • 894 Sq Ft
    • 2425 Presidential 805 Way
    • Unit 805
    • West Palm Beach, FL

    Welcome to Jefferson Tower, located in the heart of the prestigious Lands of the President community! This 1-bedroom, 1.5-bath condo offers a fantastic opportunity to own in one of Palm Beach County's most up-and-coming areas.This property is a rare find in a thriving community with exciting growth and development. Situated near some of Palm Beach's premier destinations, such as the palm beach

    Jack Watlington Fidelity Realty Advisors Inc

    Section Image
  • 2425 Presidential Way Unit 6010, West Palm Beach, FL 33401

    $189,900

    • 2 Beds
    • 2 Baths
    • 1,206 Sq Ft
    • 2425 Presidential Way
    • Unit 6010
    • West Palm Beach, FL

    Spectacular views from 2 separate, spacious balconies in this 2BR/2BA condo. Each bedroom has its own private bath, with 2nd bedroom available to be used as a den or office. Located on the northwest corner of the 6th floor, see out to the new Dutchman's Pipe Hotel and Golf Resort. West Palm's Land of the President's community boasts 24/7 manned gate, and the Jefferson building is full-service

    Jonathan Phillips Keller Williams Realty Services

    Section Image
  • 36 Norwich B Unit 36, West Palm Beach, FL 33417

    $139,999

    • 2 Beds
    • 1.5 Baths
    • 819 Sq Ft
    • 36 Norwich B
    • Unit 36
    • West Palm Beach, FL

    2 BEDROOM 1st FLOOR CORNER WORLD FLOOR RENOVATED BATHROOM RENOVATED FAMOUS 55+ COMMUNITY in WEST PALM BEACH, FL CENTURY VILLAGE the Most in AMENITIES and LIFESTYLE. FREE FITNESS CENTER, LOADS OF POOLS PLUS INDOOR TOO, WEEKEND SHOWS IN 2000 seat Theater plus first-rate movies for free, a DANCE every Saturday Night at the clubhouse, POOL parties 3 times a week. Courtesy Buses in and Outside of

    Mike Ryan Highlight Realty Corp/LW

    Section Image
  • 2000 Presidential Way Unit 2040, West Palm Beach, FL 33401

    $195,000

    • 2 Beds
    • 2 Baths
    • 1,206 Sq Ft
    • 2000 Presidential Way
    • Unit 2040
    • West Palm Beach, FL

    Investors and future residents--welcome to opportunity! Located in the heart of West Palm Beach, this spacious 2-bedroom, 2-bath split floorplan corner unit in the gated community of Lands of the President is brimming with potential. With two private balconies--one facing east and the other south--this bright and airy unit offers exceptional natural light throughout the day. From the east bedroom

    Elizabeth Hoadley Purely Palm Beach Real Estate LLC

    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
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
Gillispie Alex R $85,000 Home Partners Title Services
Omidi Mahbod $59,900 Title & Abstract Agency Of A
Federal National Mortgage Association -- Attorney
Allison Thomas $103,000 Landmark Title Of Florida In
Smith Thomas G $85,000 --
Hobbs Robert E $47,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gillispie Alex $12,700
Open Gillispie Alex R $63,750
Previous Owner Allison Thomas S $127,500
Previous Owner Allison Thomas $74,400
Previous Owner Smith Thomas G $85,000
Previous Owner Hobbs Robert E $44,650
Closed Allison Thomas $9,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/01/2019 02/01/19 Sold $85,000 -22.7% $79 / Sq Ft
01/02/2019 01/02/19 Pending -- -- --
05/15/2018 05/15/18 For Sale $109,900 +83.5% $102 / Sq Ft
02/04/2016 02/04/16 Sold $59,900 -12.6% $55 / Sq Ft
01/05/2016 01/05/16 Pending -- -- --
11/13/2015 11/13/15 For Sale $68,500 -- $63 / 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 $2,540 $101,156 -- --
2023 $2,427 $91,960 $0 $0
2022 $2,235 $83,600 $0 $0
2021 $1,849 $76,000 $0 $76,000
2020 $1,865 $76,000 $0 $76,000
2019 $1,977 $81,000 $0 $81,000
2018 $1,721 $73,000 $0 $73,000
2017 $1,572 $66,000 $0 $0
2016 $1,512 $62,000 $0 $0
2015 $1,174 $42,592 $0 $0
2014 $1,059 $38,720 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • David Deschino

    Seller's Agent in 2019

    David Deschino

    The Keyes Company

    (561) 963-3446

    67 Total Sales

    David Deschino
    Section Image
  • Julie Sheffy, LLC

    Buyer's Agent in 2019

    Julie Sheffy, LLC

    RE/MAX Prestige Realty - The Pier Group

    39 Total Sales

    Julie Sheffy, LLC
    Section Image
  • Julie Sheffy

    Buyer's Agent in 2019

    Julie Sheffy

    LPT Realty, LLC

    (561) 248-6967

    39 Total Sales

    Julie Sheffy
    Section Image

  • M

    Seller's Agent in 2016

    Michelle Daniels

    The Real Estate Office Co.

    44 Total Sales

    Michelle Daniels
    Section Image

  • D

    Buyer's Agent in 2016

    Danielle Calecas

    Premier Listings

    (504) 481-1056

    2 Total Sales

    Danielle Calecas
    Section Image
See All Agents

About Spencer Place Condominium

Map

Source: BeachesMLS

MLS Number: R10432060

BeachesMLS

APN: 74-43-43-19-14-000-1110

Florida Palm Beach County West Palm Beach 33409 Palm Beach Lakes South

505 Spencer Dr Unit 1110, West Palm Beach, FL

This home is located at 505 Spencer Dr Unit 1110, West Palm Beach, FL 33409 since 15 May 2018 and is currently estimated at $181,033, approximately $167 per square foot. This property was built in 1977. 505 Spencer Dr Unit 1110 is a home located in Palm Beach County with nearby schools including Westward Elementary School, Bear Lakes 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