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$1,399,900

Beds
3
Baths
1.0
sq ft
1,090

1007 Charles St, West Palm Beach, FL 33401

1007 Charles St

West Palm Beach, FL 33401

  • 78 days on market
This well-maintained residence offers a fantastic development opportunity on an expansive 11,805-square-foot lot, zoned SF14—Single Family High Density (74-West Palm Beach). The main house is currently rented month-to-month, providing immediate income potential. Additionally, you can capitalize on two approved container units and a mother-in-law suite conversion for even more revenue generation. With endless possibilities for development and income in this rapidly growing area of West Palm Beach, this property is an investor's dream. Don't miss out on the chance to maximize your investment in this thriving community! Minutes to City Place, Palm Beach International Airport, I95 and Palm Beach Island.

Details

Property type

Single Family Residence

Est. home value

$484,626

Lot size

0.27 acres

Price per sq ft

$1,285

Year built

1952

Annual property taxes

$3,385

Price History

09/05/2024
Beaches

Beaches #F10459994

Listed
$1,399,900
+774.94%
03/06/2017
Beaches

Beaches #R10221036

Sold
$160,000

Schools & Community

Neighborhood: 

Pineapple Park

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights, Sidewalks

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

$1,159,150
Asking price
$1,399,900
Closing costs (~8% of asking)
-$111,992
Est. remaining loan balance
-$128,758
Cash to seller
$1,159,150

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

Seller’s Loan History

Lender

Gmh Mortgage Services Llc

Loan start date

March 2017

Original loan amount

$152,000

Est. remaining balance

$128,758

Interest rate

4.09%

Loan type

New Conventional, 30 year

Seller

Daniel Negron Jr

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?

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Status: Active

Tomo last checked: 11/22/2024 at 6:45 AM

Listing updated: 10/19/2024 at 10:14 AM

Listed by: Hugh Samuels, Highlight Realty Corp/LW Phone #: (561) 641-6787

MLS: Beaches #F10459994

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