tomo logo

$512,833Estimated home value

Beds
4
Baths
2.0
sq ft
2,040

109 Madrid St, Royal Palm Beach, FL 33411

109 Madrid St

Royal Palm Beach, FL 33411

  • Sold On 5/17/2023
Nestled in the heart of La Mancha, Royal Palm Beach, this home is ready for move in. New paint, new luxury vinyl floors throughout and engineered wood in bedrooms 2 & 3. Recently updated kitchen, S/S appliances and bathrooms. No HOA!!. Large lot with wide gate for trailer or boat storage too!. This property has an assumable 2.77% FHA mortgage - call for details. Showings after 4:30 and on weekends only

Details

Property type

Single Family Residence

Est. home value

$512,833

Lot size

0.23 acres

Price per sq ft

$263

Year built

1984

Annual property taxes

$5,502

Price History

01/18/2025
Beaches

Beaches #R11010548

Removed
$569,970
12/31/2024
Beaches

Beaches #R11010548

Price change
$569,970
11/29/2024
Beaches

Beaches #R11010548

Price change
$569,980

Schools & Community

Elementary school: 

Unknown

Middle school: 

Coral Spg Middle

High school: 

Unknown

Community features: 

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

-$18,046
Asking price
$534,900
Closing costs (~8% of asking)
-$42,792
Est. remaining loan balance
-$510,154
Cash to seller
-$18,046

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

Seller’s Loan History

Lender

Fairway Independent Mortgage Corp

Loan start date

May 2023

Original loan amount

$520,400

Est. remaining balance

$510,154

Interest rate

6.32%

Loan type

FHA, 30 year

Seller

Krystle Benavides and Jonathan Benavides

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

New
Beaches
$615,000
4 bd
|
2 ba
|
1,838 sq ft
|
House

113 Cambridge Ln, Royal Palm Beach, FL 33411

SEF
$550,000
4 bd
|
2.5 ba
|
2,444 sq ft
|
House

226 Las Palmas St, Royal Palm Beach, FL 33411

Price drop
Beaches
$629,900
4 bd
|
2.5 ba
|
2,424 sq ft
|
House

1446 Briar Oak Ct, Royal Palm Beach, FL 33411

Status: Off Market

Tomo last checked: 01/22/2025 at 4:55 PM

Listing updated: 12/11/2024 at 3:20 AM

Listed by: Bill Lyons, The Keyes Company (Tequesta) Phone #: (561) 746-2346

MLS: Beaches #R10853254

Beaches logo