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$550,000

Beds
3
Baths
3.0
sq ft
1,210

107 SW 6th St, Delray Beach, FL 33444

107 SW 6th St

Delray Beach, FL 33444

  • Pending
    • Price drop $50,000↓
Prime investment opportunity in the heart of Delray Beach! This 3 bed/3-full-bath property is located right off Swinton Ave, half a mile south of the up and coming Sundy Village, just steps from Atlantic Ave's renowned shopping, dining, nightlife, & Delray Beaches. One of the bedrooms is set as an efficiency w/ its own kitchenette, bathroom, & entrance. This home offers excellent rental potential in one of the hottest up & coming areas in Delray. It’s ready for investors to add value & maximize returns in one of South Florida’s hottest markets. Three separate exits to the spacious side/backyard, which is fenced, includes a shed, fruit trees, fire pit, and more! Whether you're flipping, renting, or building your dream retreat, this property delivers unmatched potential in a prime location.

Details

Property type

Single Family Residence

Est. home value

$628,163

Lot size

9,858 sq ft

Price per sq ft

$455

Year built

1950

Annual property taxes

$2,356

Price History

12/22/2024
Beaches

Beaches #F10472956

Pending
$550,000
12/13/2024
Beaches

Beaches #F10472956

Price change
$550,000
-8.33%
11/22/2024
Beaches

Beaches #F10472956

Listed
$600,000
+640.74%

Schools & Community

Elementary school: 

Pine Grove

Middle school: 

Carver Community

High school: 

Atlantic Community High

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

$337,233
Asking price
$550,000
Closing costs (~8% of asking)
-$44,000
Est. remaining loan balance
-$168,767
Cash to seller
$337,233

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

Seller’s Loan History

Lender

Prime Mortgage Lending Inc

Loan start date

December 2017

Original loan amount

$196,377

Est. remaining balance

$168,767

Interest rate

3.94%

Loan type

New Conventional, 30 year

Seller

Kevin Lee Rose and Hamwattie Y Rose

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: Pending/Under Contract

Tomo last checked: 12/25/2024 at 2:00 AM

Listing updated: 12/22/2024 at 2:45 PM

Listed by: Chris Cusimano, Keller Williams Realty Boca Raton Phone #: (561) 997-0500

MLS: Beaches #F10472956

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