NOT LISTED FOR SALE

Spencer Place Condominium 505 Spencer Dr Unit 4050 West Palm Beach, FL 33409

Palm Beach Lakes South Neighborhood

Estimated Value: $159,523 - $195,000

2 Beds
2 Baths
1,080 Sq Ft
$445/mo HOA Fee

Last Sold July 16, 2020

Last sale price $89,000 $82 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $1,634/month

158 Days on Market

Highlights

  • Water Views
  • Screened Porch
  • Balcony
  • Fitness Center
  • Community Pool
  • Walk-In Closet

About This Home

As of July 2020

**SELLER SAYS BRING OFFERS** SPECIAL FINANCING OFFERED ON THIS PROPERTY INCLUDING ZERO LENDER FEES. Lovely condo centrally located in West Palm Beach. This amazing condo has been meticulously cared for and updated with laminate floors throughout, stainless steel appliances and modern looking kitchen cabinets. The screened in patio has a southern exposure which allows plenty of light and a nice breeze. This lovely condo can be your next home or investment property. Community amenities include swimming pool, cabana, and grill area. This 4th FL condo is very close to shopping centers, restaurants, supermarkets, Whole Foods, Palm Beach Outlet mall, I-95 expressway, Palm Beach International airport. Also, it is less than 3 miles away from City. Come check it out before it's gone!

Last Agent to Sell the Property

Henry Taramona

Compass Florida LLC License #3395060 Listed on: 01/09/2020

Compass Florida LLC

Last Buyer's Agent

Taylor Grey Meyer

RE/MAX Masterpiece Realty License #3451042

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,735

Year Built

  • Built in 1977

Lot Details

  • 1

HOA Fees

  • $445 Monthly HOA Fees

Parking

  • Assigned Parking

Interior Spaces

  • 1,080 Sq Ft Home
  • 4-Story Property
  • Blinds
  • Screened Porch
  • Water Views

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Balcony

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 74434319140004050

Community Details

Overview

  • Association fees include common areas, cable TV, insurance, ground maintenance, maintenance structure, pool(s), roof, sewer, trash
  • Spencer Place Condo Subdivision

Recreation

  • Fitness Center
  • Trails

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,735

Year Built

Built in 1977

Lot Details

0

HOA Fees

$445 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: Take Palm Beach Lakes Blvd and Drive to Spencer Dr
  • Year Built: 1977
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Elevator, Walk-In Closet(s)
  • Appliances: Dryer, Dishwasher, Electric Range, Microwave, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Ceramic Tile, Laminate, Tile
  • Living Area: 1080.0
  • Dining Room Type: Laundry
  • Stories: 4
  • Window Features: Blinds, Drapes

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

  • Garage Yn: No
  • Parking Features: Assigned

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 445.0
  • Community Features: Pool, Street Lights
  • Senior Community: No
  • Amenities: Fitness Center, Pool, Trail(s)
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Common Areas, Cable TV, Insurance, Maintenance Grounds, Maintenance Structure, Pool(s), Roof, Sewer, Trash

Lot Info

  • Parcel #: 74434319140004050
  • Zoning Description: RES
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 1735.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2020
Closed on
Jul 16, 2020
Sold by
Sanchez Aracely
Bought by
Mundy Lawren
Seller's Agent
Henry Taramona
Compass Florida LLC
Buyer's Agent
Taylor Grey Meyer
RE/MAX Masterpiece Realty
List Price
$105,000
Sold Price
$89,000
Premium/Discount to List
-$16,000
-15.24%
Total Days on Market
158
Current Estimated Value
$173,381

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,381
Avg. Annual Appreciation
14.61%
Original Mortgage
$71,200
Outstanding Balance
$63,806
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$109,575

Purchase Details

Listed on
Nov 29, 2011
Closed on
Aug 10, 2012
Sold by
Legacy Asset Holdings Llc
Bought by
Sanchez Aracely
Seller's Agent
Courtney Smitheman
Crane Reed Properties, LLC
Buyer's Agent
Ken Close
TIG Realty LLC
List Price
$45,900
Sold Price
$44,900
Premium/Discount to List
-$1,000
-2.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.00%

Purchase Details

Closed on
Aug 19, 2011
Sold by
Federal National Mortgage Association
Bought by
Legacy Asset Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
16%
Mortgage Type
Balloon

Purchase Details

Closed on
May 23, 2011
Sold by
Onewest Bank Fsb
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Apr 21, 2011
Sold by
Grote Marian
Bought by
Onewest Bank Fsb

Purchase Details

Closed on
Jan 29, 2010
Sold by
Grote Marian
Bought by
Grote Marian

Purchase Details

Closed on
Sep 29, 2007
Sold by
Grote Marian
Bought by
Grote Marian and Marian Grote Revocable Trust

Purchase Details

Closed on
Jun 19, 2007
Sold by
Grote Austin and Grote Marian
Bought by
Grote Marian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,000
Interest Rate
6.52%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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
Mundy Lawren $89,000 None Available
Sanchez Aracely $44,900 None Available
Legacy Asset Holdings Llc $14,100 Servicelink
Federal National Mortgage Association -- Attorney
Onewest Bank Fsb $14,500 None Available
Grote Marian -- Attorney
Grote Marian -- Attorney
Grote Marian -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mundy Lawren $71,200
Previous Owner Legacy Asset Holdings Llc $30,000
Previous Owner Grote Marian $53,000
Previous Owner Grote Marian $39,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2020 07/16/20 Sold $89,000 -15.2% $82 / Sq Ft
06/16/2020 06/16/20 Pending -- -- --
01/09/2020 01/09/20 For Sale $105,000 0.0% $97 / Sq Ft
04/11/2019 04/11/19 For Rent $1,300 +8.3% --
04/11/2019 04/11/19 Rented $1,200 0.0% --
05/01/2018 05/01/18 Rented $1,200 0.0% --
04/01/2018 04/01/18 Under Contract -- -- --
03/23/2018 03/23/18 For Rent $1,200 -7.3% --
11/15/2017 11/15/17 Rented $1,295 -13.4% --
10/16/2017 10/16/17 Under Contract -- -- --
10/04/2017 10/04/17 For Rent $1,495 0.0% --
08/10/2012 08/10/12 Sold $44,900 -2.2% $43 / Sq Ft
07/11/2012 07/11/12 Pending -- -- --
11/29/2011 11/29/11 For Sale $45,900 -- $44 / 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 $2,578 $101,156 -- --
2023 $2,447 $91,960 $0 $0
2022 $2,246 $83,600 $0 $0
2021 $1,849 $76,000 $0 $76,000
2020 $1,777 $76,000 $0 $76,000
2019 $1,736 $81,000 $0 $81,000
2018 $1,501 $73,000 $0 $73,000
2017 $1,370 $66,000 $0 $0
2016 $1,296 $47,916 $0 $0
2015 $1,189 $43,560 $0 $0
2014 $1,072 $39,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2020

    Henry Taramona

    Compass Florida LLC

    (646) 404-3480

    1 in this area

    36 Total Sales

    Henry Taramona
    Section Image

  • T

    Buyer's Agent in 2020

    Taylor Grey Meyer

    RE/MAX Masterpiece Realty

  • F

    Seller's Agent in 2018

    Fernando Lines

    Inactive member

  • C

    Buyer's Agent in 2018

    Chaimae Yaagoubi

    Partnership Realty Inc.

    (561) 574-0854

    43 Total Sales

    Chaimae Yaagoubi
    Section Image
  • Courtney Smitheman

    Seller's Agent in 2012

    Courtney Smitheman

    Crane Reed Properties, LLC

    (561) 301-0932

    99 Total Sales

    Courtney Smitheman
    Section Image
  • Ken Close

    Buyer's Agent in 2012

    Ken Close

    TIG Realty LLC

    (561) 306-5275

    16 Total Sales

    Ken Close
    Section Image
See All Agents

About Spencer Place Condominium

Map

Source: BeachesMLS

MLS Number: R10590504

BeachesMLS

APN: 74-43-43-19-14-000-4050

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

505 Spencer Dr Unit 4050, West Palm Beach, FL

This home is located at 505 Spencer Dr Unit 4050, West Palm Beach, FL 33409 since 09 January 2020 and is currently estimated at $173,381, approximately $160 per square foot. This property was built in 1977. 505 Spencer Dr Unit 4050 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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