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$229,000

Beds
2
Baths
2.0
sq ft
1,081

505 Spencer Dr Unit 307, West Palm Beach, FL 33409

505 Spencer Dr Unit 307

West Palm Beach, FL 33409

  • 41 days on market
Beautiful 2/2 Condo on 3rd floor priced to sell. Condo is very spacious and renovated with newer kitchen with stainless steel appliances, nicely tiled backsplash and newer cabinets. Unit offers tile floors throughout. Spencer Place Condo is close to Downtown WPB, The Outlet Mall and all major shopping and restaurants. Location is key.

Details

Property type

Condominium

Est. home value

$206,389

Lot size

Unknown

Price per sq ft

$212

Year built

1977

Annual property taxes

$3,108

Monthly HOA fee

$727

Price History

11/11/2024
Beaches

Beaches #R11036235

Listed
$229,000
+68.38%
08/13/2021
Beaches

Beaches #R10723029

Sold
$136,000

Schools & Community

Neighborhood: 

Palm Beach Lakes

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Gated, Street Lights

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$97,077
Asking price
$229,000
Closing costs (~8% of asking)
-$18,320
Est. remaining loan balance
-$113,603
Cash to seller
$97,077

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Primary Residential Mortgage Inc

Loan start date

August 2021

Original loan amount

$122,400

Est. remaining balance

$113,603

Interest rate

3.02%

Loan type

New Conventional, 30 year

Seller

Lenise Shauna Kaye Hewling

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/22/2024 at 4:00 PM

Listing updated: 12/22/2024 at 11:35 AM

Listed by: Brostrie Antry Scayle, Century 21 Tenace Realty Phone #: (772) 500-2100

MLS: Beaches #R11036235

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