tomo logo

$5,850,000

Beds
5
Baths
7.0
sq ft
5,304

1051 NE 2nd Ter, Boca Raton, FL 33432

1051 NE 2nd Ter

Boca Raton, FL 33432

  • 138 days on market
Introducing 1051 NE 2nd Terrace, Boca Raton--an upcoming architectural masterpiece poised to captivate the most discerning clientele. This visionary project by Empire Development promises an unparalleled standard of ultra-luxury living, bringing your dream home to life. With an anticipated completion in Q2 2025, this exclusive new construction spans 6,404 total square feet, meticulously designed to blend functionality with the epitome of luxury.Designed by the renowned Empire Development team, the floor plans showcase open concept living spaces adorned with floor to ceiling windows filling the interior with natural light, offering a grand entrance that emphasizes sleek design and meticulous craftsmanship.

Details

Property type

Single Family Residence

Est. home value

$2,627,962

Lot size

Unknown

Price per sq ft

$1,103

Year built

2025

Annual property taxes

$11,872

Price History

06/20/2024
Beaches

Beaches #R10998051

Listed
$5,850,000
+930.84%
11/26/2019
Beaches

Beaches #R10425986

Sold
$567,500

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$5,144,791
Asking price
$5,850,000
Closing costs (~8% of asking)
-$468,000
Est. remaining loan balance
-$237,209
Cash to seller
$5,144,791

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

Seller’s Loan History

Lender

Argent Mortgage Company Llc

Loan start date

November 2006

Original loan amount

$378,000

Est. remaining balance

$237,209

Interest rate

6.31%

Loan type

Not Provided, 30 year

Seller

Alfred Rey and Kathy Rey

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?

Similar Homes Nearby

Beaches
$5,295,000
5 bd
|
5.5 ba
|
5,059 sq ft
|
House

465 NE 4th St, Boca Raton, FL 33432

Price drop
Beaches
$5,795,000
5 bd
|
6.5 ba
|
5,560 sq ft
|
House

422 Addison Park Ln, Boca Raton, FL 33432

Beaches
$5,950,000
5 bd
|
6.5 ba
|
5,463 sq ft
|
House

501 Golden Harbour Dr, Boca Raton, FL 33432

Status: Active

Tomo last checked: 11/05/2024 at 6:50 PM

Listing updated: 09/30/2024 at 5:18 PM

Listed by: Senada Adzem, Douglas Elliman Phone #: (561) 245-2635

MLS: Beaches #R10998051

Beaches logo