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$700,000

Beds
3
Baths
2.0
sq ft
1,130

119 SE 5th St, Delray Beach, FL 33483

119 SE 5th St

Delray Beach, FL 33483

  • <1 day on market
:LOCATION! This beautifully renovated 3 bedroom, 2 bathroom single-family residence is a true gem. Fully updated in 2020 with impact windows and doors, it features modern finishes throughout and a brand-new roof installed in 2024. AIRBNB! Generates over $6K a month during in season months. Enjoy endless summer nights in your private outdoor oasis, complete with a custom tiki bar & Hot tube perfect for entertaining. Located just 5 blocks off vibrant Atlantic Avenue and only a 5-minute drive to the beach.

Details

Property type

Single Family Residence

Est. home value

$551,873

Lot size

4,991 sq ft

Price per sq ft

$620

Year built

1977

Annual property taxes

$5,834

Price History

02/03/2025
Beaches

Beaches #R11058539

Listed
$700,000
-9.68%
10/08/2024
Beaches

Beaches #R11010855

Removed
$775,000
08/16/2024
Beaches

Beaches #R11010855

Price change
$775,000
-3.13%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights, 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

$294,224
Asking price
$700,000
Closing costs (~8% of asking)
-$56,000
Est. remaining loan balance
-$349,776
Cash to seller
$294,224

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

Seller’s Loan History

Lender

American Pacific Mortgage Corp

Loan start date

August 2023

Original loan amount

$355,000

Est. remaining balance

$349,776

Interest rate

6.96%

Loan type

New Conventional, 30 year

Seller

Caleb Joshua Mcdonnell and Caleb Mcdonnell

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: 02/03/2025 at 6:55 PM

Listing updated: 02/03/2025 at 5:56 PM

Listed by: Caleb McDonnell, One Sotheby's International Realty Phone #: (561) 381-9090

MLS: Beaches #R11058539

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