NOT LISTED FOR SALE

Spencer Place Condominium 505 Spencer Dr Unit 4010 West Palm Beach, FL 33409

Palm Beach Lakes South Neighborhood

Estimated Value: $169,000 - $209,000

2 Beds
2 Baths
1,033 Sq Ft
$273/mo HOA Fee

Last Sold January 20, 2015

Last sale price $75,000 $73 Per Sq Ft

Est. 152% increase in value since last sale

Current estimated payment $1,526/month

25 Days on Market

Highlights

  • Water Views
  • Roman Tub
  • Community Pool
  • Clubhouse
  • Screened Porch
  • Elevator

About This Home

As of January 2015

This is one of a kind corner PENTHOUSE located in all-age community building in the heart of West Palm Beach. Kitchen has been completely remodeled and upgraded with high-end finishes, granite countertops, custom kitchen cabinets and new light fixtures. Over $25,000 in upgrades. Living room has crown molding throughout, recessed lighting, new paint and all the popcorn has been removed. This building has some of the lowest monthly association fees of only $273/month. The community offers a nice community area with a BBQ which is perfect for entertaining, an all-purpose room and secured front entrance. ''Spencer Place'' is centrally located to the newest Palm Beach Outlets, 5 mins away from Downtown West Palm & PBI Airport.

Last Agent to Sell the Property

Monika Phillips

Douglas Elliman (Jupiter) License #3228962 Listed on: 11/24/2014

Douglas Elliman (Jupiter)

Last Buyer's Agent

Julia Andrews

LoKation License #3272522

LoKation

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $953

Year Built

  • Built in 1977

Lot Details

  • 1

HOA Fees

  • $273 Monthly HOA Fees

Parking

  • 1 Carport Space

Interior Spaces

  • 1,033 Sq Ft Home
  • 4-Story Property
  • Ceiling Fan
  • Skylights
  • Combination Dining and Living Room
  • Screened Porch
  • Water Views

Kitchen

  • Breakfast Bar
  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Home Security

Additional Features

  • Balcony
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 74434319140004010

Community Details

Overview

  • Association fees include common areas, insurance, maintenance structure, sewer, water
  • 52 Units
  • High-Rise Condominium
  • Spencer Place Cond As In Subdivision

Amenities

  • Clubhouse
  • Elevator

Recreation

Security

  • Card or Code Access
  • Phone Entry
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$953

Year Built

Built in 1977

Lot Details

0

HOA Fees

$273 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: I-95 TO PALM BEACH LAKES, GO WEST TO SPENCER DR, TAKE LEFT AND BLDG IS ON RIGHT
  • Year Built: 1977
  • Architectural Style: High Rise
  • Carport Y N: Yes
  • Entry Level: 4
  • Unit Levels: Three Or More
  • Year Built Details: Resale
  • Special Features: None

Interior Features

  • Interior Amenities: Breakfast Bar, Garden Tub/Roman Tub, Living/Dining Room, Split Bedrooms, Skylights, Tub Shower, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Electric Range, Microwave, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Carpet, Ceramic Tile
  • Living Area: 1033.0
  • Stories: 4
  • Window Features: Skylight(s)

Exterior Features

  • Exterior Features: Balcony
  • View: Water
  • Pool Features: None, Association, Community
  • View: Yes
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Balcony, Screened
  • Property Condition: Resale

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Carport Spaces: 1.0
  • Garage Yn: No
  • Parking Features: Covered

Utilities

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

Condo/Co-op/Association

  • Association Fee: 273.0
  • Community Features: Pool, Street Lights
  • Senior Community: No
  • Amenities: Clubhouse, Pool, Elevator(s)
  • Association Fee Frequency: Monthly

Fee Information

  • Association Fee Includes: Common Areas, Insurance, Maintenance Structure, Sewer, Water

Lot Info

  • Parcel #: 74434319140004010
  • Lot Size: Public Road,West of US-1
  • Zoning Description: RES
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2013
  • Tax Annual Amount: 953.0

Multi Family

  • Number Of Units In Community: 52

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 24, 2014
Closed on
Jan 19, 2015
Sold by
Cardillo John C
Bought by
Melbourne Michael M and Lynch Melbourne Michelle E
Seller's Agent
Monika Phillips
Douglas Elliman (Jupiter)
Buyer's Agent
Julia Andrews
LoKation
List Price
$79,500
Sold Price
$75,000
Premium/Discount to List
-$4,500
-5.66%
Current Estimated Value
$188,892

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$113,892
Avg. Annual Appreciation
9.09%
Original Mortgage
$56,250
Outstanding Balance
$44,089
Interest Rate
4.01%
Mortgage Type
New Conventional
Estimated Equity
$143,953

Purchase Details

Closed on
Feb 2, 2006
Sold by
Cardillo John C
Bought by
Cardillo John C and The John C Cardillo Living Trust

Purchase Details

Closed on
Apr 16, 2005
Sold by
Cardillo John C and Cardillo Kelly M
Bought by
Cardillo John C

Purchase Details

Closed on
Nov 16, 1998
Sold by
Joseph A Cardillo Tr
Bought by
Cardillo John C and Cardillo Kelly M

Purchase Details

Closed on
Oct 14, 1998
Sold by
Pr Jospeh A Cardillo
Bought by
Cardillo Joseph A
Source: Public Records

Range of Values:

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Average Value
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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
Melbourne Michael M $75,000 Lighthouse Title Svcs Inc
Cardillo John C -- None Available
Cardillo John C -- --
Cardillo John C $39,500 --
Cardillo Joseph A $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Melbourne Michael M $56,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/20/2015 01/20/15 Sold $75,000 -5.7% $73 / Sq Ft
12/21/2014 12/21/14 Pending -- -- --
11/25/2014 11/25/14 For Sale $79,500 -- $77 / 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 $2,628 $102,487 -- --
2023 $2,496 $93,170 $0 $0
2022 $2,276 $84,700 $0 $0
2021 $1,871 $77,000 $0 $77,000
2020 $1,843 $75,000 $0 $75,000
2019 $1,952 $80,000 $0 $80,000
2018 $1,698 $72,000 $0 $72,000
2017 $1,550 $65,000 $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

  • M

    Seller's Agent in 2015

    Monika Phillips

    Douglas Elliman (Jupiter)

    (561) 768-3331

    83 Total Sales

    Section Image

  • J

    Buyer's Agent in 2015

    Julia Andrews

    LoKation

    (561) 452-8107

    25 Total Sales

    Section Image
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About Spencer Place Condominium

Map

Source: BeachesMLS

MLS Number: R10091644

BeachesMLS

APN: 74-43-43-19-14-000-4010

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

505 Spencer Dr Unit 4010, West Palm Beach, FL

This home is located at 505 Spencer Dr Unit 4010, West Palm Beach, FL 33409 since 24 November 2014 and is currently estimated at $188,892, approximately $182 per square foot. This property was built in 1977. 505 Spencer Dr Unit 4010 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.

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