4 months on rocket

505 Spencer Dr Unit 305, West Palm Beach, FL, 33409

$225,000

Home List Price

$2,672*

Closing Credit

2 Bedrooms
2 Full Baths
1,081 SqFt
$208/SqFt
Condo

Location

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505 Spencer Dr Unit 305, West Palm Beach$225,000

Buyer Closing Credits

$2,672*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAssigned, Covered, Guest, One Space
Year Built1977
HeatingCentral
CoolingCentral Air
ViewGarden
MLS #A11636227
StatusActive

About 505 Spencer Dr Unit 305

Discover this beautiful 2-bedroom, 2-bath condo, ideally situated just minutes from vibrant Downtown West Palm Beach and Rosemary Square. Enjoy the convenience of local shopping, dining, and quick access to the airport. This condo features a screened-in balcony and inside you’ll find washer/dryer, a cozy kitchen and ample space to let your creative juices flow. The building underwent a complete renovation in 2023, ensuring that all balconies are up to code. Residents benefit from covered lower-level parking that leads to a secure gated entrance and elevator. With public transportation nearby and major highways easily accessible, commuting is a breeze. This private and quiet oasis is also available for rent, and it shows beautifully—easy to schedule a showing today!

Property Details

Property Features

Property Information:

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

Listing Office:

  • Office Name: 1st Working Capital Realty Inc
  • Office Phone: (954) 829-3360
  • Listing Agent: Preet Chawla

Interior Features

Interior Information:

  • Appliances: Dryer, Microwave, Refrigerator, Washer
  • Flooring Type: Carpet, Concrete, Other
  • Interior: Breakfast Area, Living/Dining Room, Other, Walk-In Closet(s)

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • View: Garden
  • Exterior: Courtyard, Enclosed Porch

Parking Information:

  • Parking: Assigned, Covered, Guest, One Space

Virtual/3D Tour

  • Virtual Tour: 505 Spencer Dr Unit 305
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Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $225,000
  • Price Per SqFt: $208/SqFt

HOA Fees:

  • Amount: $727
  • Frequency: Monthly
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Housing Market Comparison

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

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West Palm Beach, FL

City

Med. Sold Price

$399.4K

Med. Price/SqFt

$273

Avg. Days On Market

69

# of Sold Homes

188

505 Spencer Dr Unit 305 vs West Palm Beach

136 DAYS ON ROCKET

+67 Days

$225,000

-$174.4K Less

$208/SqFt

-$66 Less

KEY TAKEAWAY

This property is $174.4K less than the Median Sold Price and $66/SqFt less than other homes in West Palm Beach, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11636227

Listing Office:

  • Office Name: 1st Working Capital Realty Inc
  • Office Phone: (954) 829-3360
  • Listing Agent: Preet Chawla

IDX © 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 5:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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

Payment Calculator

$1,917

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$741

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-887241
3
/10

  • West Gate Elementary School

  • 1545 Loxahatchee Dr

  • 0.67 miles

  • Public District Grades EE-5

school-card-donut-887242
4
/10

  • Westwad Elementary School

  • 1101 Golf Ave

  • 1.61 miles

  • Public Magnet Grades PK-5

school-card-donut-887243
4
/10

  • Hope-Centennial Elementary School

  • 5298 Stacy St

  • 2.08 miles

  • Public Magnet Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $43,243. Typical income of West Palm Beach, FL residents is between $35k-100k annually. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 505 Spencer Dr Unit 305

What is the listing price of this property?

The listing price of 505 Spencer Dr Unit 305 property is $225,000.

What type of property is this?

The property 505 Spencer Dr Unit 305 is a condo located in West Palm Beach, Florida, 33409.

Is this property for sale now?

Active Listing: 505 Spencer Dr Unit 305 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 505 Spencer Dr Unit 305 has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 505 Spencer Dr Unit 305 is 1,081 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 505 Spencer Dr Unit 305 is 1977.

Rocket Homes›Florida›Palm Beach County›West Palm Beach›33409›505 Spencer Dr Unit 305

This home is located at 505 Spencer Dr Unit 305 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 August 08, 2024 and is currently priced at $225,000.

While more than 17 listings in West Palm Beach, FL in November 2024 were sold above asking price, there were more than 25 listings sold at asking price, and more than 146 were sold below. Between October 2024 and November 2024, West Palm Beach, FL real estate market has seen increase in the number of listings by 11.1%. In November 2024 median list price was $399,465 and the average listing age was 69 days.

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

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