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$6,950,000

Beds
5
Baths
5.5
sq ft
5,487

111 Russlyn Dr, West Palm Beach, FL 33405

111 Russlyn Dr

West Palm Beach, FL 33405

  • Pending
    • Price drop $545,000↓
This custom built 2017 home was designed by Caroline Forrest and MP Design and Architecture and built by Courchene Builders. Located in the South Olive Elementary School district, Russlyn Drive is a quiet cul-de-sac located 7 blocks south of Southern with a deeded path to the Flagler Drive promenade. The layout is unique. The plan was conceived for those who love to cook, entertain, and work. The core of the home is the huge gourmet kitchen open to a dining area for 8, which is open to the Great room. Off this central hub is a large outdoor loggia living and dining area, overlooking the pool and the large, lush yard designed by Fernando Wong Outdoor Living Design. The first floor has a large and comfortable media room off the foyer and a multi-person office.

Details

Property type

Single Family Residence

Est. home value

$5,914,028

Lot size

0.31 acres

Price per sq ft

$1,267

Year built

2017

Annual property taxes

$30,095

Price History

07/29/2024
Beaches

Beaches #R10942587

Pending
$6,950,000
05/23/2024
Beaches

Beaches #R10942587

Price change
$6,950,000
-7.27%
03/20/2024
Beaches

Beaches #R10942587

Price change
$7,495,000
-6.25%

Schools & Community

Neighborhood: 

South Side

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

First Republic Bank

Loan start date

April 2020

Original loan amount

$1,568,500

Est. remaining balance

Not provided

Interest rate

2.75%

Loan type

New Conventional, 30 year

Seller

Gregory Ransom and Jessica A Ransom

Lender

First Republic Bank

Loan start date

February 2018

Original loan amount

$1,600,000

Est. remaining balance

Not provided

Interest rate

3.65%

Loan type

Adjustable Rate Mortgage, 30 year

Seller

Gregory Ransom and Jessica A Ransom

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: 09/08/2024 at 7:05 AM

Listing updated: 09/04/2024 at 2:25 AM

Listed by: Burt Minkoff, Douglas Elliman Phone #: (561) 655-8600

MLS: Beaches #R10942587

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