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$744,999

Beds
4
Baths
3.0
sq ft
2,066

1331 S Palmway, Lake Worth Beach, FL 33460

1331 S Palmway

Lake Worth Beach, FL 33460

  • 55 days on market
    • Price drop $5,000↓
**No HOA**Single-family home situated in the heart of Lake Worth, Florida. This residence features the main home with 3 bedrooms and 2 bathrooms, while the guest house features 1 bedroom and 1 bathroom which offers a spacious, inviting atmosphere with the option of rental income. There is also a well on premises. The property is surrounded by lush landscaping and includes a well-maintained garden area. The backyard is the perfect space for outdoor relaxation and entertaining. Located in the vibrant Lake Worth area, this home is conveniently close to local shops, dining options, and the picturesque Lake Worth Beach. The neighborhood offers a friendly community atmosphere with easy access to parks and recreational activities.The main house is currently rented at $3300.00

Details

Property type

Single Family Residence

Est. home value

$731,527

Lot size

9,749 sq ft

Price per sq ft

$361

Year built

1962

Annual property taxes

$11,698

Price History

10/17/2024
Beaches

Beaches #R11020206

Price change
$744,999
-0.67%
09/11/2024
Beaches

Beaches #R11020206

Listed
$749,999
+31.81%
02/14/2023
Beaches

Beaches #R10839700

Sold
$569,000

Schools & Community

Neighborhood: 

South Palm Park

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

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

$137,504
Asking price
$744,999
Closing costs (~8% of asking)
-$59,600
Est. remaining loan balance
-$547,895
Cash to seller
$137,504

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

February 2023

Original loan amount

$558,693

Est. remaining balance

$547,895

Interest rate

6.42%

Loan type

FHA, 30 year

Seller

London J Miller

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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Price drop
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House

215 S Ocean Breeze, Lake Worth Beach, FL 33460

Status: Active

Tomo last checked: 11/05/2024 at 3:30 AM

Listing updated: 10/17/2024 at 10:05 AM

Listed by: Stephen Harper, United Realty Group Inc. Phone #: (954) 450-2000

MLS: Beaches #R11020206

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