tomo logo

$174,900

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

  • 17 days on market
Popular location close to downtown and surrounded by shopping restaurants and more.This 2/2 condo has a new roof 2021 the owners were assessed and the Bldg restoration projects were completed in 2023.So no assessments passed on to buyers. The current HOA agenda is to re-carpet and paint entire bldg.in the upcoming months .Property has many upgrades and is currently leased can be shown only by appt. On specific days and times .Investors cannot lease for 2 years.Tenant will move with a 60 day notice. Property has community pool one designated covered parking spot and overflow flow parking is available.No dogs allowed only 2 cats .There is a 650 credit score requirement and application process with interview with HOA approval is required .

Details

Property type

Condominium

Est. home value

$188,730

Lot size

Unknown

Price per sq ft

$162

Year built

1977

Annual property taxes

$2,447

Monthly HOA fee

$861

Price History

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: 12/22/2024 at 9:10 AM

Listing updated: 12/10/2024 at 1:01 PM

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

MLS: Beaches #R11042558

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