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$26,500,000

Beds
5
Baths
6.5
sq ft
4,650

110 Wells Rd, Palm Beach, FL 33480

110 Wells Rd

Palm Beach, FL 33480

  • 231 days on market
    • Price drop $2,000,000↓
Located on one of the most ultra prime, sought after tree-lined streets, this level 5 totally renovated 5/6.1 is only second house from the ocean! Extraordinarily scaled, it boasts high ceilings, stunning finishes, easy flowing floor plan and the most magnificent gardens by Nievera-Williams. Its oversized outdoor loggia is an extension of the generous living areas, and an upper terrace adjoins the 3 second floor bedrooms. Designed for the Palm Beach lifestyle, this ''filled with character'' treasure includes a striking Mizner-style beamed living room, a gourmet eat in kitchen, gracious entry, elevator, limestone, marble and wood floors and more. It is truly a move in ready home, you can enjoy immediately.

Details

Property type

Single Family Residence

Est. home value

$22,255,256

Lot size

0.37 acres

Price per sq ft

$5,699

Year built

1986

Annual property taxes

$80,856

Price History

09/24/2024
Beaches

Beaches #R10984932

Price change
$26,500,000
-7.02%
05/06/2024
Beaches

Beaches #R10984932

Listed
$28,500,000
+319.97%
04/10/2018
Beaches

Beaches #R10396242

Sold
$6,786,250
-9.52%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

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

$20,003,846
Asking price
$26,500,000
Closing costs (~8% of asking)
-$2,120,000
Est. remaining loan balance
-$4,376,154
Cash to seller
$20,003,846

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

Seller’s Loan History

Lender

Jpmorgan Chase Bank Na

Loan start date

April 2018

Original loan amount

$5,000,000

Est. remaining balance

$4,376,154

Interest rate

4.38%

Loan type

New Conventional, 30 year

Seller

John Richard Knop and Leslee Helene Beluchie

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?

Status: Active

Tomo last checked: 12/23/2024 at 9:05 AM

Listing updated: 12/10/2024 at 12:49 PM

Listed by: Dana Koch, The Corcoran Group Phone #: (561) 655-9081

MLS: Beaches #R10984932

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