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$675,000

Beds
2
Baths
2.0
sq ft
1,216

1517 N Palmway, Lake Worth Beach, FL 33460

1517 N Palmway

Lake Worth Beach, FL 33460

  • 98 days on market
    • Price drop $24,000↓
Adorable Florida Style Cottage on North Palmway in Lake Worth Beach. Updated kitchen and baths, original oak hardwood flooring, fireplace, and original plaster walls. All impact glass doors, and windows, and a metal roof. The lot os 5000 sq. ft. with room for a pool, and nicely landscaped. The back patio is all reclaimed brick pavers, fenced and gated. The garage is now a half garage used for storage, this area is not on the floor plan. The 2nd bath has the laundry inside for added convenience. 16th Avenue North has the north entrance to the golf course for walking etc. The electric has been updated, and the home is in move-in-condition. The home can be purchased turn-key furnished, adding a great short term rental option. The storage garage is not shown on the floor plan, a 1/2 garage.

Details

Property type

Single Family Residence

Est. home value

$529,535

Lot size

5,001 sq ft

Price per sq ft

$556

Year built

1938

Annual property taxes

$9,539

Price History

08/03/2024
Beaches

Beaches #R10994973

Price change
$675,000
-3.43%
06/10/2024
Beaches

Beaches #R10994973

Listed
$699,000
+14.59%
07/18/2022
Beaches

Beaches #R10797932

Sold
$610,000
+144%

Schools & Community

Neighborhood: 

Eden Place

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

-$7,003
Asking price
$675,000
Closing costs (~8% of asking)
-$54,000
Est. remaining loan balance
-$628,003
Cash to seller
-$7,003

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

July 2022

Original loan amount

$649,000

Est. remaining balance

$628,003

Interest rate

5.1%

Loan type

New Conventional, 30 year

Seller

Luke Berry and Rachel Walklet

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: 09/16/2024 at 6:25 PM

Listing updated: 09/12/2024 at 3:50 PM

Listed by: Donald Todorich, The Corcoran Group Phone #: (561) 655-9081

MLS: Beaches #R10994973

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