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$169,900

Beds
2
Baths
2.0
sq ft
1,081

505 Spencer Dr Unit 410, West Palm Beach, FL 33409

505 Spencer Dr Unit 410

West Palm Beach, FL 33409

  • 62 days on market
    • Price drop $5,000↓
This spacious 4th floor 2/2 condo,overlooking the community pool. Property is located close to downtown and the outlet mall,shopping,restaurants,entertainment and more. New roof in 2021 and all building concrete restoration completed in 2024. Next on HOA agenda 2025 is to re-paint and carpet entire building interior.Amentities include pool one designated covered parking spot and overflow parking available,meeting room and exterior security lighting and cameras.Pet policy allows for 2 cats.HOA requirements include a minimum 650 credit score,interview,and application approval.Property is currently leased until March 5,2025 .Investors must wait 2 years to lease.Property is shown by appointment only on designated days and times.

Details

Property type

Condominium

Est. home value

$188,730

Lot size

Unknown

Price per sq ft

$158

Year built

1977

Annual property taxes

$2,447

Monthly HOA fee

$861

Price History

01/02/2025
Beaches

Beaches #R11042558

Price change
$169,900
-2.86%
12/05/2024
Beaches

Beaches #R11042558

Listed
$174,900
+103.37%
03/20/2020
Beaches

Beaches #R10584234

Sold
$86,000

Schools & Community

Neighborhood: 

Palm Beach Lakes

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool

Number of units in community: 

52

Seller’s Loan History

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

Lender

Community Savings Bank

Loan start date

September 1999

Original loan amount

$32,000

Est. remaining balance

Not provided

Interest rate

7.89%

Loan type

New Conventional

Seller

John J Martin

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: 02/05/2025 at 3:50 AM

Listing updated: 02/01/2025 at 10:25 AM

Listed by: Pamela Shulman, Atlantic Florida Properties Inc Phone #: (561) 713-1141

MLS: Beaches #R11042558

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