505 Spencer Dr Unit 207, West Palm Beach, FL, 33409

Location

Get An Agent. Get A Mortgage.

Let Us Help You Buy A Home And Save BIG

Save BIG.

505 Spencer Dr Unit 207, West Palm Beach$199,000

Buyer Closing Credits

$2,363^*

1.25% Loan Amount

Sell Your Home And Save More

Connect With An Agent

Still Have Questions? Contact Us.

1 (855) 200-2001

Property Highlights

Home TypeCondominium

ParkingAssigned, Garage - Building

Year Built1977

HeatingCentral

CoolingCentral Air

WaterfrontNone

ViewGarden

MLS #RX-11008280

StatusActive

About 505 Spencer Dr Unit 207

Beautifully remodeled 2 bedroom, two bath condo with a new washer/dryer unit. The building had a 2023 renovation and balconies are up to code. Beautiful view from balcony. Huge community pool with grill area. Covered lower level parking leads to secure gated entrance to elevator. 10 minutes to downtown and close to public transportation. Very private and quiet.

View More

Property Details

Property Features

Property Information:

• Year Built: 1977
• Stories: 4
• Living Area: 1,081 SqFt

Listing Office:

• Office Name: Creative Realty Concepts
• Office Phone: (561) 301-2916
• Listing Agent: Douglas G Avdellas

Interior Features

Interior Information:

• Appliances: Dishwasher, Disposal, Dryer, Fire Alarm, Freezer, Microwave, Electric Range, Refrigerator, Washer, Electric Water Heater
• Flooring Type: Laminate
• Interior: Walk-in Closet

Bedroom and Bathroom Information:

• Full Bathrooms: 2
• Total Bedroom Count: 2

Exterior Features

Exterior Information:

• Private Pool: No
• Waterfront: None
• View: Garden
• Exterior: Covered Balcony, Screened Balcony

Parking Information:

• Attached Garage: No
• Parking: Assigned, Garage - Building

Virtual/3D Tour

• Virtual Tour: 505 Spencer Dr Unit 207

Virtual Tour

Utilities

Utilities Information:

• Heating: Central
• Cooling: Central Air

Other

Directions Information:

• Directions: I95 to either Palm Beach Lakes or Okeechobee and go west to Spencer Drive.

Price Information

Listing Price Info

Price Summary:

• List Price: $199,000
• Price Per SqFt: $184/SqFt

HOA Fees:

• Amount: $727
• Frequency: Monthly

What can I afford?

Understand what home price range makes sense for your budget.

See What I Can Afford

Housing Market Comparison

See how this home compares to others in West Palm Beach, FL.

West Palm Beach, FL

City

Med. Sold Price

$395.6K

Med. Price/SqFt

$272

Avg. Days On Market

72

# of Sold Homes

196

505 Spencer Dr Unit 207 vs West Palm Beach

107 DAYS ON ROCKET

+35 Days

$199,000

-$196.6K Less

$184/SqFt

-$89 Less

KEY TAKEAWAY

This property is $196.6K less than the Median Sold Price and $89/SqFt less than other homes in West Palm Beach, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

• MLS Number: #RX-11008280

Listing Office:

• Office Name: Creative Realty Concepts
• Office Phone: (561) 301-2916
• Listing Agent: Douglas G Avdellas

All listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc.

This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/15/2024, 2:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

View More

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.

$1,788

Per Month

Principal & Interest

$994

Home Price

Home PriceThe dollar amount you pay for the home.

$

Interest Rate

Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.

%

Down Payment

Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.

$Down PaymentPercent%

Loan Term

Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.

30 year25 year20 year15 year10 year

Property Taxes

$0

Annual Cost

Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.

$/ Year

Mortgage Insurance

$0

Monthly Premium

Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.

$/ Month

Homeowners Insurance

$67

Monthly Premium

Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.

$/ Month

Homeowners Association (HOA)

$727

Monthly Fees

Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.

$/ Month

Utilities

$0

Monthly Cost

Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.

$/ Month

*Disclosures

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$663

See More Options

Connect With A Banker

Powered By

Advertisement

NMLS#3030

**Disclosures

Rocket Homes›Florida›Palm Beach County›West Palm Beach›33409›505 Spencer Dr Unit 207

This home is located at 505 Spencer Dr Unit 207 in West Palm Beach, FL and zip code 33409 in the Palm Beach Lakes South neighborhood. This 1,081 square foot home was built in 1977. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since July 30, 2024 and is currently priced at $199,000.

In October 2024, from all listings sold in West Palm Beach, FL there were more than 16 sold above asking price, over 153 sold below and more than 27 were sold right at the asked price. Between September 2024 and October 2024, West Palm Beach, FL real estate market has seen increase in the number of listings by 7.1%. In October 2024, listings were on the market for 72 days. During the same period, the median list price in this real estate market was $395,666.

From Rocket Homes Real Estate and based on county public records data.