Spencer Place Condominium 505 Spencer Dr Unit 1110 West Palm Beach, FL 33409
Palm Beach Lakes South Neighborhood
2
Beds
2
Baths
1,081
Sq Ft
$340/mo
HOA Fee
Highlights
- Water Views
- Great Room
- Community Pool
- Fitness Center
- Screened Porch
- Ceramic Tile Flooring
About This Home
As of February 2019Hush, don't let anyone know about this great opportunity to purchase this 2/2 condo unit located in the heart of West Palm Beach. Close to everything, walk to all of the popular restaurants and short drive to new outlet mall. This unit offers covered parking, community pool, gated entrance, open floor plan and nice screened patio with tropical views. No rentals allowed for the first two years..
Last Agent to Sell the Property
The Real Estate Office Co. License #566609 Listed on: 11/13/2015
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,059
Year Built
- Built in 1977
HOA Fees
- $340 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
- 1 Carport Space
- Assigned Parking
Additional Features
- Patio
- North Facing Home
- Central Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 74434319140001110
Community Details
Overview
- Association fees include common areas
- High-Rise Condominium
- Spencer Place Condo Subdivision
Recreation
- Fitness Center
Security
- Phone Entry
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 14, 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
Golden Bridge Collective LLC
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%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$95,852
Avg. Annual Appreciation
12.30%
Original Mortgage
$12,700
Outstanding Balance
$8,485
Interest Rate
4.5%
Mortgage Type
Stand Alone Second
Estimated Equity
$172,367
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
Similar Homes in West Palm Beach, FL
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $85,000 | Home Partners Title Services | |
| Special Warranty Deed | $59,900 | Title & Abstract Agency Of A | |
| Trustee Deed | -- | Attorney | |
| Warranty Deed | $103,000 | Landmark Title Of Florida In | |
| Warranty Deed | $85,000 | -- | |
| Warranty Deed | $47,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $12,700 | Stand Alone Second | |
| Open | $63,750 | New Conventional | |
| Previous Owner | $127,500 | Fannie Mae Freddie Mac | |
| Previous Owner | $74,400 | Purchase Money Mortgage | |
| Previous Owner | $85,000 | Purchase Money Mortgage | |
| Previous Owner | $44,650 | New Conventional | |
| Closed | $9,300 | No Value Available |
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
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
-
Seller's Agent in 2019
David Deschino
Golden Bridge Collective LLC
(561) 963-3446
65 Total Sales
-
Buyer's Agent in 2019
Julie Sheffy, LLC
RE/MAX Prestige Realty - The Pier Group
36 Total Sales
-
Buyer's Agent in 2019
Julie Sheffy
LPT Realty, LLC
(561) 248-6967
41 Total Sales
-
M
Seller's Agent in 2016
Michelle Daniels
The Real Estate Office Co.
41 Total Sales
-
D
Buyer's Agent in 2016
Danielle Calecas
Premier Listings
(504) 481-1056
2 Total Sales
About Spencer Place Condominium
Map
Source: BeachesMLS
MLS Number: R10184290
APN: 74-43-43-19-14-000-1110
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