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$559,900

Beds
3
Baths
2.0
sq ft
1,686

1416 Michigan Dr, Lake Worth, FL 33461

1416 Michigan Dr

Lake Worth, FL 33461

  • 203 days on market
    • Price drop $20,000↓
Charming 3/2 split level home situated within 1 & 1/2 blocks to picturesque Lake Osborne. An oversized screened in patio overlooks the oversized in ground pool. Natural gas and electric, Hardwood floors upstairs, Terrazzo floors down stairs, Garage converted to Family room but can easily be converted back to garage. Screened Patio, storage shed. Remodeled bathrooms. Re-Roof 2016.

Details

Property type

Single Family Residence

Est. home value

$443,269

Lot size

8,000 sq ft

Price per sq ft

$333

Year built

1956

Annual property taxes

$6,121

Price History

10/11/2024
Beaches

Beaches #F10434771

Price change
$559,900
-3.45%
07/28/2024
Beaches

Beaches #F10434771

Price change
$579,900
-3.33%
06/03/2024
Beaches

Beaches #F10434771

Price change
$599,900
-7.57%

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

$222,856
Asking price
$559,900
Closing costs (~8% of asking)
-$44,792
Est. remaining loan balance
-$292,252
Cash to seller
$222,856

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

$292,252

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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Status: Active

Tomo last checked: 11/05/2024 at 8:45 AM

Listing updated: 10/11/2024 at 12:56 PM

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

MLS: Beaches #F10434771

Beaches logo

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