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$995,000

Beds
2
Baths
2.0
sq ft
1,073

1701 S Flagler Drive Dr Unit 505, West Palm Beach, FL 33401

1701 S Flagler Drive Dr Unit 505

West Palm Beach, FL 33401

  • 311 days on market
    • Price drop $55,000↓
Enjoy luxury living at its finest, in this completely renovated condo boasting views of the intracoastal and Palm Beach. Upon entry you are greeted with a luxurious open space with raised ceilings, an abundance of natural light and breathtaking views. With a large living area, split bedrooms and oversized balcony, this chic condo offers true luxury condo living at half the price of surrounding buildings. The contemporary kitchen with new appliances leads to a beautiful dining area or head to the balcony for an al fresco dining experience! Both bedrooms offer views of the intracoastal with contemporary en suite bathrooms. The upscale full service building of Rapallo is a pet friendly building with a pool, gym, parking, storage, 24-hour doorman, and onsite manager.

Details

Property type

Condominium

Est. home value

$726,927

Lot size

Unknown

Price per sq ft

$928

Year built

1973

Annual property taxes

$13,904

Monthly HOA fee

$740

Price History

05/28/2024
Beaches

Beaches #R10935072

Price change
$995,000
-5.24%
04/30/2024
Beaches

Beaches #R10935072

Price change
$1,050,000
-10.64%
03/01/2024
Beaches

Beaches #R10935072

Price change
$1,175,000
-7.84%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool

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

$439,779
Asking price
$995,000
Closing costs (~8% of asking)
-$79,600
Est. remaining loan balance
-$475,621
Cash to seller
$439,779

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

Seller’s Loan History

Lender

Loandepot.Com Llc

Loan start date

May 2022

Original loan amount

$494,250

Est. remaining balance

$475,621

Interest rate

4.67%

Loan type

New Conventional, 30 year

Seller

Jude Dennis Marovic

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: 09/16/2024 at 6:25 PM

Listing updated: 09/04/2024 at 2:25 AM

Listed by: Troy Tozlosky, The Corcoran Group Phone #: (561) 655-9081

MLS: Beaches #R10935072

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