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$1,250,000

Beds
Unknown
sq ft
3,248

1216 16th Ave N Unit 10, Lake Worth Beach, FL 33460

1216 16th Ave N Unit 10

Lake Worth Beach, FL 33460

  • 101 days on market
    • Price drop $100,000↓
Awesome cash flow property, absolutely nothing to do,start getting paid since day 1. Well water irrigation system with timer, new appliances ,must see it.

Details

Property type

Lot size

8,769 sq ft

Price per sq ft

$385

Year built

1971

Annual property taxes

$13,399

HOA

Yes

Price History

08/23/2024
Beaches

Beaches #R10994923

Price change
$1,250,000
-7.41%
07/29/2024
Beaches

Beaches #R10994923

Listed
$1,350,000
07/28/2024
Beaches

Beaches #R10994923

Removed
$1,350,000

Schools & Community

Neighborhood: 

Sunset Ridge

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

$895,153
Asking price
$1,250,000
Closing costs (~8% of asking)
-$100,000
Est. remaining loan balance
-$254,847
Cash to seller
$895,153

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

Seller’s Loan History

Lender

Crosscountry Mortgage Llc

Loan start date

January 2022

Original loan amount

$269,500

Est. remaining balance

$254,847

Interest rate

3.1%

Loan type

New Conventional, 30 year

Seller

Garth Richardson and Jenna Richardson

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: 09/18/2024 at 10:25 PM

Listing updated: 08/31/2024 at 8:16 AM

Listed by: Frank Alvarez, Century 21 WC Realty Phone #: (561) 283-8833

MLS: Beaches #R10994923

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