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$675,000

Beds
4
Baths
2.0
sq ft
1,548

1021 N Palmway, Lake Worth Beach, FL 33460

1021 N Palmway

Lake Worth Beach, FL 33460

  • 26 days on market
Incredible investment opportunity! Currently bringing in $63k in annual gross revenue! Discover this delightful property featuring a main residence with three spacious bedrooms and one bath, ideal for comfortable living. Property sold turn-key furnished (including bedding, towels, appliances, cleaning supplies, and kitchenware) ready for move-in or for short term renting. The converted garage guest house adds versatility, making it perfect for a live-in homeowner looking to generate additional income through rentals. The private, fenced-in backyard offers a serene oasis for relaxation and outdoor activities, providing the perfect setting for family gatherings or quiet evenings.

Details

Property type

Single Family Residence

Est. home value

$585,802

Lot size

6,750 sq ft

Price per sq ft

$437

Year built

1930

Annual property taxes

$10,150

Price History

10/10/2024
Beaches

Beaches #R11010262

Removed
$675,000
10/10/2024
Beaches

Beaches #F10465644

Listed
$675,000
08/27/2024
Beaches

Beaches #R11010262

Price change
$675,000
+21.1%

Schools & Community

Neighborhood: 

Parrot Cove

Elementary school: 

North Grade K-8

Middle school: 

Lake Worth

High school: 

Lake Worth

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

$244,514
Asking price
$675,000
Closing costs (~8% of asking)
-$54,000
Est. remaining loan balance
-$376,486
Cash to seller
$244,514

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

$376,486

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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Price drop
Beaches
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House

215 S Ocean Breeze, Lake Worth Beach, FL 33460

Status: Active

Tomo last checked: 11/05/2024 at 4:30 AM

Listing updated: 10/15/2024 at 9:15 AM

Listed by: Les Waites, The Keyes Company Phone #: (954) 467-0105

MLS: Beaches #F10465644

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