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$539,000

Beds
2
Baths
3.0
sq ft
970

1202 Palm Trl Unit 1, Delray Beach, FL 33483

1202 Palm Trl Unit 1

Delray Beach, FL 33483

  • 42 days on market
    • Price drop $46,000↓
Location, Location Location. This East Delray Boutique condo building has just 6 units and is just a short walk or bike ride to the beach and a short drive to the restaurants and nightlife of Atlantic Ave. Nestled between multimillion dollar homesthis 2 bedroom 3 full bathroom first floor unit is spacious and bright with contemporary finishes. Dual master baths, great storage and in unit washer and dryer. Small yard is perfect for quiet nights at home.Unit can be leased immediately!

Details

Property type

Condominium

Est. home value

$464,209

Lot size

Unknown

Price per sq ft

$556

Year built

1971

Annual property taxes

$5,477

Monthly HOA fee

$405

Price History

11/11/2024
Beaches

Beaches #R11026122

Price change
$539,000
-7.86%
10/01/2024
Beaches

Beaches #R11026122

Listed
$585,000

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

$53,692
Asking price
$539,000
Closing costs (~8% of asking)
-$43,120
Est. remaining loan balance
-$442,188
Cash to seller
$53,692

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

Seller’s Loan History

Lender

Prosperity Home Mortgage Llc

Loan start date

February 2024

Original loan amount

$445,776

Est. remaining balance

$442,188

Interest rate

6.67%

Loan type

FHA, 30 year

Seller

Ronald E Palau Jr

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: Active

Tomo last checked: 11/12/2024 at 2:55 PM

Listing updated: 11/11/2024 at 3:45 PM

Listed by: Howard Babushkin, Compass Florida LLC Phone #: (305) 851-2820

MLS: Beaches #R11026122

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