tomo logo

$795,000

Beds
5
Baths
2.5
sq ft
1,850

1120 S Federal Hwy, Lake Worth Beach, FL 33460

1120 S Federal Hwy

Lake Worth Beach, FL 33460

  • 3 days on market
LOCATION! Intracoastal Park 3 min walk. Residential/ Commercial Zoning. 2 floors both have kitchen and bathroom. 3 entrances. Walk to Downtown, Parks, Beaches, Golf Courses, the Palm Beach. SCHARMING 2 story house, 112 sq feet patio. Land with beautiful trees. Walk on gorgeous historic S Palm way to get your groceries, coffee. You can rent one of the floors and get extra income or do almost any business and live in. Or have just your own home. Have your boat and go to Intracoastal or Lake. no HOA, you are your own Boss. City just approved 70$ Million Gulfstream hotel renovation, 5 min walk. Showings stars on 02/07/2025. Tenants on second floor paying $ 2500 a month, lease until September 2025. Owner lives on first floor. First floor pictures coming soon. Message for showings.

Details

Property type

Single Family Residence

Est. home value

$436,944

Lot size

7,076 sq ft

Price per sq ft

$430

Year built

1961

Annual property taxes

$6,931

HOA

Yes

Price History

01/19/2025
Beaches

Beaches #R11053931

Listed
$795,000
+0.63%
09/05/2024
Beaches

Beaches #R11009874

Removed
$790,000
08/10/2024
Beaches

Beaches #R11009874

Price change
$790,000
-20.84%

Schools & Community

Neighborhood: 

South Palm Park

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Golf

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

$437,579
Asking price
$795,000
Closing costs (~8% of asking)
-$63,600
Est. remaining loan balance
-$293,821
Cash to seller
$437,579

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

Seller’s Loan History

Lender

Castle Mortgage Corp

Loan start date

August 2022

Original loan amount

$303,750

Est. remaining balance

$293,821

Interest rate

5.7%

Loan type

New Conventional, 30 year

Seller

Irina Maratovna Borisova

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: 01/22/2025 at 1:05 PM

Listing updated: 01/21/2025 at 12:39 AM

Listed by: Irina Borisova, Coldwell Banker Phone #: (561) 395-2233

MLS: Beaches #R11053931

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