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$999,000

Beds
3
Baths
3.0
sq ft
1,863

1601 S Palmway, Lake Worth Beach, FL 33460

1601 S Palmway

Lake Worth Beach, FL 33460

  • 36 days on market
    • Price drop $51,000↓
PRIME LOCATION of South Palm Historic District in Lake Worth Beach! Tropical Oasis Paradise! Immaculate Lush Manicured Landscaping! Huge Saltwater Pool with Sun Shelf! Walk to Intracoastal Parks Adds to its Allure! Minutes to Beach, Boat Ramp, South Palm Park, Fine Dining & Shops! NO HOA - INVESTORS DREAM! Main house has 2 Master Bedrooms, 1 Guest Bedroom, 3 Full Bathrooms, & 2 Living Rooms. Guest house can be converted into your Pool Side Office & Gym or leave it a Guest Suite with its very own Private Bathroom and Laundry. There are 2 Pergolas for your Outdoor Dining, Lounging, or maybe even a Summer Kitchen. The large double gates on the side of the house open up to our Corn Hole & Bocce Ball arena but it's large enough for a Boat or RV. The neighborhood gets together and decorates the

Details

Property type

Single Family Residence

Est. home value

$795,709

Lot size

0.24 acres

Price per sq ft

$537

Year built

1957

Annual property taxes

$10,788

HOA

Yes

Price History

09/05/2024
Beaches

Beaches #R11012356

Price change
$999,000
-4.86%
08/31/2024
Beaches

Beaches #R11012356

Price change
$1,050,000
-4.55%
08/14/2024
Beaches

Beaches #R11012356

Listed
$1,100,000
+128.22%

Schools & Community

Neighborhood: 

South Palm Park

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

$552,517
Asking price
$999,000
Closing costs (~8% of asking)
-$79,920
Est. remaining loan balance
-$366,563
Cash to seller
$552,517

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

April 2021

Original loan amount

$396,000

Est. remaining balance

$366,563

Interest rate

2.97%

Loan type

New Conventional, 30 year

Seller

Victor Owoc and Erin Owoc

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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Beaches
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Condo

3610 S Ocean Blvd Unit 608, Palm Beach, FL 33480

Status: Active

Tomo last checked: 09/19/2024 at 1:00 PM

Listing updated: 09/05/2024 at 8:37 AM

Listed by: Cami Perez, Home Sold Realty LLC Phone #: (833) 700-2782

MLS: Beaches #R11012356

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