tomo logo

$989,000

Beds
3
Baths
2.5
sq ft
1,917

23 Royal Palm Way Unit 16, Boca Raton, FL 33432

23 Royal Palm Way Unit 16

Boca Raton, FL 33432

  • 582 days on market
    • Price drop $110,000↓
BOATER'S DREAM !!! RARELY available 3 bedrooms 2.5 baths including attached garage & 22ft deeded dock with ocean access (only 18 units in the entire community). Direct access by boat to Lake Boca or the Ocean. BRAND NEW (not even installed yet) IMPACT WINDOWS throughout, brand new refrigerator, dishwasher, and washer and dryer. BRAND NEW luxury vinyl flooring in all bedrooms. Enjoy the unbelievable water views from the balcony & most rooms. Open floor plan with 15ft ceiling, luxurious finishes and a gourmet kitchen. Gated with 24/7 manned security. Minutes from the beach and Mizner park. View the luxurious Boca Resort right from the unit!! Directly across from the Royal Palm Yacht & Country Club with homes over $20 million.

Details

Property type

Condominium

Est. home value

$946,347

Lot size

Unknown

Price per sq ft

$516

Year built

2001

Annual property taxes

$6,251

Monthly HOA fee

$700

Price History

10/11/2024
SEF

SEF #A11364035

Removed
$989,000
09/30/2024
SEF

SEF #A11364035

Listed
$989,000
08/12/2024
SEF

SEF #A11364035

Price change
$989,000
-1%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Number of units in community: 

18

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

$371,792
Asking price
$989,000
Closing costs (~8% of asking)
-$79,120
Est. remaining loan balance
-$538,088
Cash to seller
$371,792

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

Seller’s Loan History

Lender

Movement Mortgage

Loan start date

January 2023

Original loan amount

$549,500

Est. remaining balance

$538,088

Interest rate

6.31%

Loan type

New Conventional, 30 year

Seller

Thomas Anthony Faeth and Susan Faeth

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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950 De Soto Rd Unit 3C, Boca Raton, FL 33432

Status: Active

Tomo last checked: 11/06/2024 at 9:35 PM

Listing updated: 10/11/2024 at 3:46 PM

Listed by: Andrew Klein, Elite Premier Properties, Inc Phone #: (754) 581-2038

MLS: SEF #A11364035

SEF logo

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