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$295,000

Beds
3
Baths
2.0
sq ft
1,638

1640 Presidential Way Unit 507, West Palm Beach, FL 33401

1640 Presidential Way Unit 507

West Palm Beach, FL 33401

  • 71 days on market
Experience stunning city and golf course views from this luxurious condo! With high ceilings and an open balcony, this stylish 3-bed, 2-bath unit features upscale finishes like granite countertops, stainless steel appliances, and impact glass. The primary suite is a true retreat, offering a spacious bedroom, walk-in closet, and a spa-like en-suite with dual sinks and a large shower. AC unit replaced in 2021. Enjoy resort-style amenities including a pool, gym, and sauna. Perfectly situated just minutes from top dining, entertainment, shopping at Palm Beach Outlets, and easy access to I-95, Downtown West Palm Beach, and Palm Beach International Airport.

Details

Property type

Condominium

Est. home value

$324,092

Lot size

Unknown

Price per sq ft

$181

Year built

2004

Annual property taxes

$3,558

Monthly HOA fee

$682

Price History

09/12/2024
Beaches

Beaches #R11020253

Listed
$295,000
+56.5%
01/26/2021
Beaches

Beaches #R10669673

Sold
$188,500
+42.26%
02/24/2014
Beaches

Beaches #R10002193

Sold
$132,500

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Gated, Sidewalks

Number of units in community: 

99

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

$114,986
Asking price
$295,000
Closing costs (~8% of asking)
-$23,600
Est. remaining loan balance
-$156,414
Cash to seller
$114,986

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

Seller’s Loan History

Lender

Hamilton Home Loans Inc

Loan start date

January 2021

Original loan amount

$171,000

Est. remaining balance

$156,414

Interest rate

2.71%

Loan type

New Conventional, 30 year

Seller

Rudolph Raphael Galindo

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?

Status: Active

Tomo last checked: 11/22/2024 at 10:35 AM

Listing updated: 11/14/2024 at 12:50 PM

Listed by: Devin Cobb, KW Reserve Phone #: (561) 318-7240

MLS: Beaches #R11020253

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