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$185,000

Beds
2
Baths
1.5
sq ft
1,079

505 Spencer Dr Unit 402, West Palm Beach, FL 33409

505 Spencer Dr Unit 402

West Palm Beach, FL 33409

  • 43 days on market
CLEAN AND READY FOR THE NEXT OWNER. THIS CONDO OFFERS 2 BEDROOMS AND 1.5 BATHROOMS. LOCATED JUST MINUTES FROM DOWNTOWN WEST PALM BEACH, CITYPLACE, ROSEMART SQUARE, PALM BEACH OUTLETS, FINE DINING, HOSPITALS, I-95, AIRPORT, AND TRAIN STATIONS FOR AMTRAK & BRIGHTLINE. SOLD AS-IS. NO LEASING THE FIRST 2 YEARS OF OWNERSHIP. Condo fees include: Cable, Water, Common Grounds, Elevator, Parking, Gated Entrance for privacy & security.

Details

Property type

Condominium

Est. home value

$188,774

Lot size

Unknown

Price per sq ft

$172

Year built

1977

Annual property taxes

$3,211

Monthly HOA fee

$727

Price History

08/08/2024
Beaches

Beaches #F10455272

Listed
$185,000
07/01/2024
Beaches

Beaches #F10412279

Removed
$185,000
04/23/2024
Beaches

Beaches #F10412279

Listed
$185,000

Schools & Community

Neighborhood: 

Palm Beach Lakes

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$113,912
Asking price
$185,000
Closing costs (~8% of asking)
-$14,800
Est. remaining loan balance
-$56,288
Cash to seller
$113,912

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

Seller’s Loan History

Lender

Waterstone Mortgage Corp

Loan start date

February 2017

Original loan amount

$65,925

Est. remaining balance

$56,288

Interest rate

4.32%

Loan type

New Conventional, 30 year

Seller

Mary Alice Horton

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: 09/20/2024 at 11:25 AM

Listing updated: 08/08/2024 at 6:04 PM

Listed by: Nam Luong, Vista Realty Phone #: (954) 597-7767

MLS: Beaches #F10455272

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