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$2,550,000

Beds
4
Baths
2.5
sq ft
2,904

1611 S Olive Ave, West Palm Beach, FL 33401

1611 S Olive Ave

West Palm Beach, FL 33401

  • 84 days on market
    • Price drop $125,000↓
Unique city estate on 2 lots in Mango Promenade. One block from the Intracoastal and moments from Downtown WPB & PB Island. Walking distance to to great restaurants and shopping on Dixie Highway, Norton Museum of Art, Palm Beach Atlantic University, The Green School, and Palm Beach Day Academy. Executive living and entertaining with a great back garden with an outdoor kitchen, bar, living and dining room area outdoor fireplace, and pizza oven. Hurricane Impact windows throughout. Modern conveniences include an ensuite primary bedroom, gourmet eat-in kitchen, and spacious family room. Artistic touches complement the elegance of this 1921 grand lady. On-site parking for 4 cars, space for 2-story garage and pool. Situated on over 1/4 acre 1 city block wide in downtown West Palm beach!

Details

Property type

Single Family Residence

Est. home value

$1,987,397

Lot size

0.26 acres

Price per sq ft

$879

Year built

1921

Annual property taxes

$12,549

Price History

09/18/2024
Beaches

Beaches #F10450891

Price change
$2,550,000
-4.67%
07/13/2024
Beaches

Beaches #F10450891

Listed
$2,675,000
-2.73%
05/28/2024
Beaches

Beaches #F10401518

Removed
$2,750,000

Schools & Community

Neighborhood: 

Mango Promenade

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights, Sidewalks

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

$2,008,798
Asking price
$2,550,000
Closing costs (~8% of asking)
-$204,000
Est. remaining loan balance
-$337,202
Cash to seller
$2,008,798

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

Seller’s Loan History

Lender

Primero Home Loans Llc

Loan start date

December 2016

Original loan amount

$405,000

Est. remaining balance

$337,202

Interest rate

3.52%

Loan type

New Conventional, 30 year

Seller

Albert Visser and Alissa Waite Visser

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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2411 S Olive Ave, West Palm Beach, FL 33401

Status: Active

Tomo last checked: 10/05/2024 at 1:20 AM

Listing updated: 09/30/2024 at 4:13 PM

Listed by: Hugh Samuels, Highlight Realty Corp/LW Phone #: (561) 641-6787

MLS: Beaches #F10450891

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