tomo logo

$539,000

Beds
3
Baths
2.0
sq ft
1,686

1416 Michigan Dr, Lake Worth, FL 33461

1416 Michigan Dr

Lake Worth, FL 33461

  • Pending
Charming 3/2 split level home situated within 1 & 1/2 blocks to picturesque Lake Osborne. Remodeled bathrooms, Oversized screened patio overlooking the oversized in-ground pool. Natural gas and electric, Harwood floors upstairs, Terrazzo floors downstairs, Garage converted to family room and can easily be converted back to garage. Storage shed

Details

Property type

Single Family Residence

Est. home value

$443,269

Lot size

8,000 sq ft

Price per sq ft

$320

Year built

1956

Annual property taxes

$5,620

Price History

01/03/2025
Beaches

Beaches #F10475250

Pending
$539,000
12/09/2024
Beaches

Beaches #F10475250

Listed
$539,000
-3.73%
11/10/2024
Beaches

Beaches #F10434771

Removed
$559,900

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Park, Sidewalks, Tennis Court(s)

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

$204,316
Asking price
$539,000
Closing costs (~8% of asking)
-$43,120
Est. remaining loan balance
-$291,564
Cash to seller
$204,316

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

Seller’s Loan History

Lender

A&D Mortgage Llc

Loan start date

October 2022

Original loan amount

$300,000

Est. remaining balance

$291,564

Interest rate

5.89%

Loan type

New Conventional, 30 year

Seller

Morrison Enterprises Inc

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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New
Beaches
$598,555
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1702 High Ridge Rd, Lake Worth, FL 33461

Status: Pending/Under Contract

Tomo last checked: 01/05/2025 at 6:35 AM

Listing updated: 01/03/2025 at 8:45 AM

Listed by: Joseph Calla, Westport Realty Phone #: (954) 646-3834

MLS: Beaches #F10475250

Beaches logo

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