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$857,545

Beds
4
Baths
4.0
sq ft
2,171

1601 S Palmway, Lake Worth Beach, FL 33460

1601 S Palmway

Lake Worth Beach, FL 33460

  • 83 days on market
    • Price drop $41,455↓
Prime Location in South Palm Historic District of Lake Worth Beach! This stunning tropical oasis is perfect for homeowners or investors alike, offering endless possibilities in a NO HOA neighborhood--truly an investor's dream! Whether you're looking for a personal paradise or a lucrative rental, this property has it all. Surrounded by immaculate, lush landscaping, the home boasts a huge saltwater pool with a sun shelf--perfect for relaxing or entertaining. Just a short walk to scenic Intracoastal parks, and minutes from the beach, boat ramps, South Palm Park, fine dining, and boutique shopping, the location adds to its irresistible charm. The property is versatile and can be rented as a whole or easily divided into three separate units.

Details

Property type

Single Family Residence

Est. home value

$795,709

Lot size

0.24 acres

Price per sq ft

$395

Year built

1957

Annual property taxes

$10,788

HOA

Yes

Price History

10/13/2024
Beaches

Beaches #R11012356

Price change
$857,545
-4.61%
10/04/2024
Beaches

Beaches #R11012356

Price change
$899,000
-9.1%
09/19/2024
Beaches

Beaches #R11012356

Price change
$989,000
-1%

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

$423,134
Asking price
$857,545
Closing costs (~8% of asking)
-$68,604
Est. remaining loan balance
-$365,807
Cash to seller
$423,134

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

$365,807

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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Condo

3200 S Ocean Blvd Unit A401, Palm Beach, FL 33480

Status: Active

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

Listing updated: 10/17/2024 at 12:45 PM

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

MLS: Beaches #R11012356

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