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$409,500

Beds
2
Baths
2.0
sq ft
1,540

1607 SW Shady Lake Ter, Palm City, FL 34990

1607 SW Shady Lake Ter

Palm City, FL 34990

  • 4 days on market
Rare Cypress Lakes, Divosta built, home in the center of Palm City. Brand new (2023) roof, freshly painted, re-plumbed and a beautiful lake view. Ready for you to bring your furniture. Divosta builds one of the most popular homes and floor plans in Florida. This Capri model overlooks the lake and is shaded by a wonderful oak tree. Cypress Lakes is close to downtown Stuart shopping and restaurants. Palm City is quickly becoming a food and golf destination and this home sits right in the heart of this community. Easy access to I-95 and the Turnpike. Accordian shutters, a new roof and poured concrete construction make this a forever home.

Details

Property type

Est. home value

$391,157

Lot size

4,750 sq ft

Price per sq ft

$266

Year built

1995

Annual property taxes

$5,867

Monthly HOA fee

$289

Price History

02/18/2025
Beaches

Beaches #R11063518

Listed
$409,500
+115.53%
11/24/2014
Beaches

Beaches #R10044402

Sold
$190,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Sidewalks

Senior community center: 

Yes

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

$225,665
Asking price
$409,500
Closing costs (~8% of asking)
-$32,760
Est. remaining loan balance
-$151,075
Cash to seller
$225,665

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

Seller’s Loan History

Lender

Finworth Mortgage Llc

Loan start date

December 2016

Original loan amount

$184,000

Est. remaining balance

$151,075

Interest rate

3.47%

Loan type

New Conventional, 30 year

Seller

Jennifer Esler and Howard J Kittell

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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1623 SW Pineland Way, Palm City, FL 34990

Status: Active

Tomo last checked: 02/23/2025 at 8:55 AM

Listing updated: 02/18/2025 at 7:05 PM

Listed by: Stacy Little, Engel & Volkers Stuart Phone #: (772) 494-6999

MLS: Beaches #R11063518

Beaches logo

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