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$679,000

Beds
3
Baths
2.0
sq ft
1,892

1623 S Palmway, Lake Worth Beach, FL 33460

1623 S Palmway

Lake Worth, FL 33460

  • 53 days on market
    • Price drop $70,900↓
Huge price drop. Photos added. Incredible, rare opportunity to purchase this 3 bedroom, 2 bathroom single family home in the historic area of Lake Worth that sits on almost a full half acre. Home was a rental property for the past 5 years, and was occupied until the past couple of months. Metal roof, 2023 AC. Garage is currently a remodeled 2 bedroom 1 bathroom fully self contained (kitchen, laundry, bath) structure. Owner has provided broker with documentation from the City, that speaks about dividing the lot. Owner just completed an appraisal that places a value on the property as it stands and separately, if the property is divided. Listing price is substantially below market value in either scenario. Call broker for additional detail and questions.

Details

Property type

Single Family Residence

Est. home value

$819,602

Lot size

0.44 acres

Price per sq ft

$359

Year built

1954

Annual property taxes

$12,322

Price History

01/29/2025
SEF

SEF #A11710569

Price change
$679,000
-9.45%
12/16/2024
SEF

SEF #A11710569

Listed
$749,900
+92.28%
09/25/2017
Beaches

Beaches #R10356599

Sold
$390,000

Schools & Community

Neighborhood: 

South Palm Park

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Power Financial Cu

Loan start date

May 2022

Original loan amount

$80,000

Est. remaining balance

Not provided

Interest rate

3.5%

Loan type

Credit Line (Revolving), 25 year

Seller

Pamela Paultre

Lender

Broker Solutions Inc

Loan start date

March 2021

Original loan amount

$388,155

Est. remaining balance

$354,577

Interest rate

2.77%

Loan type

New Conventional, 30 year

Seller

Pamela Paultre

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: 02/07/2025 at 10:15 PM

Listing updated: 01/29/2025 at 12:50 PM

Listed by: Brian Meyerowitz, Senior Realty Consultants Phone #: (305) 744-1616

MLS: SEF #A11710569

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