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$32,750,000

Beds
8
Baths
10.0
sq ft
9,413

120 Clarendon Ave, Palm Beach, FL 33480

120 Clarendon Ave

Palm Beach, FL 33480

  • 345 days on market
    • Price drop $3,750,000↓
Discover the splendor of this updated Mediterranean home with a high elevation in the Estate Section, boasting a prime location near the ocean with deeded beach access. Set on a sprawling high elevation 3/4-acre plot, this magnificent residence offers an impressive eight bedrooms/nine bathrooms including separate guest house. Indulge in the luxury of a private home gym, wood-paneled library/office, and a primary bedroom suite featuring separate bathrooms with custom cabinetry, spacious walk-in closets, and detailed ceilings throughout. Step onto the expansive balcony overlooking the manicured gardens and resort style pool/fountain. Perfect for entertaining, the home's modern floorplan showcases a remarkable, renovated chef's kitchen off of the family room and outdoor loggia area.

Details

Property type

Single Family Residence

Est. home value

$31,263,848

Lot size

0.74 acres

Price per sq ft

$3,480

Year built

2001

Annual property taxes

$356,993

Price History

12/11/2023
Beaches

Beaches #R10934523

Price change
$32,750,000
-10.27%
11/08/2023
Beaches

Beaches #R10934523

Listed
$36,500,000
+52.08%
04/16/2021
Beaches

Beaches #R10693898

Sold
$24,000,000
+123.26%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$16,096,565
Asking price
$32,750,000
Closing costs (~8% of asking)
-$2,620,000
Est. remaining loan balance
-$14,033,435
Cash to seller
$16,096,565

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

Seller’s Loan History

Lender

Bank Of America Na

Loan start date

August 2021

Original loan amount

$17,200,000

Est. remaining balance

$14,033,435

Interest rate

2.24%

Loan type

New Conventional, 15 year

Seller

120 Clarendon Avenue Llc

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: 10/18/2024 at 12:25 PM

Listing updated: 09/30/2024 at 4:46 PM

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

MLS: Beaches #R10934523

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