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$585,802Estimated home value

Beds
3
Baths
2.0
sq ft
1,548

1021 N Palmway, Lake Worth Beach, FL 33460

1021 N Palmway

Lake Worth Beach, FL 33460

  • Sold On 12/20/2021
HOUSE WITH GUEST COTTAGE EAST OF FEDERAL HIGHWAY IN LAKE WORTH BEACH. 2 BLOCKS TO THE INTRACOASTAL, 3 BLOCKS TO THE LAKE WORTH GOLF COURSE AND CLUBHOUSE/RESTAURANT. ON NORTH PALMWAY CLOSE TO 11TH AVE. NORTH. THE MAIN HOUSE HAS 2 BEDROOMS AND 1 BATH, UPDATED KITCHEN AND BATH, AND A DEN FACING THE LARGE BACKYARD. THE GUEST HOUSE/STUDIO IS ON THE TAX RECORDS AS BUILT IN 1940, WITH 1 BATH. THE LARGE YARD HAS PLENTY OF ROOM FOR A POOL, OR TO BUILD ON TO THE HOUSE. THIS WOUD MAKE FOR A GREAT SHORT-TERM RENTAL HOME, OR LIVE IN THE MAIN HOUSE AND RENT THE STUDIO. BOTH UNITS HAVE A LAUNDRY HOOK-UP. THIS WILL NOT LAST!

Details

Property type

Single Family Residence

Est. home value

$585,802

Lot size

6,750 sq ft

Price per sq ft

$288

Year built

1930

Annual property taxes

$6,573

Price History

03/04/2025
Beaches

Beaches #F10465644

Removed
$675,000
10/10/2024
Beaches

Beaches #R11010262

Removed
$675,000
10/10/2024
Beaches

Beaches #F10465644

Listed
$675,000

Schools & Community

Neighborhood: 

Parrot Cove

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights, Sidewalks

Number of units in community: 

2

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

$36,626
Asking price
$445,000
Closing costs (~8% of asking)
-$35,600
Est. remaining loan balance
-$372,774
Cash to seller
$36,626

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

Seller’s Loan History

Lender

Total Mortgage Services Llc

Loan start date

December 2021

Original loan amount

$400,500

Est. remaining balance

$372,774

Interest rate

3.09%

Loan type

New Conventional, 30 year

Seller

Mitchele J Skrove and Nicole A Skrove

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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1513 N K St, Lake Worth Beach, FL 33460

Status: Off Market

Tomo last checked: 04/02/2025 at 12:05 AM

Listing updated: 03/23/2023 at 12:32 PM

Listed by: Donald Todorich, The Corcoran Group Phone #: (561) 655-9081

MLS: Beaches #R10757438

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