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$4,750,000

Beds
4
Baths
4.0
sq ft
2,785

231 Sunset Rd, West Palm Beach, FL 33401

231 Sunset Rd

West Palm Beach, FL 33401

  • 191 days on market
    • Price drop $200,000↓
    • Open house Dec 22
EL CID GEM ! Completely renovated in 2016, this El Cid Historic Home offers all new electric, plumbing, roof, HVAC and impact windows anddoors, while honoring the integrity of its original build. Ideal for the most discerning buyer, the home is located on a large lot, featuring 3bedrooms, two and one-half baths in the main house with a 1BR/1BA guest house and separate pool cabana ( optional bedroom w/ half bath)The interior amenities include original hardwood floors throughout, attractive wood ceiling, chefs kitchen with gas range, stainless steelappliances and slate floors, fully renovated bathrooms, and a one-car garage. Unbelievable natural light and great ceiling heights! GatedChicago-brick front courtyard leads to the redone 1924 structure

Details

Property type

Single Family Residence

Est. home value

$4,191,538

Lot size

6,438 sq ft

Price per sq ft

$1,706

Year built

1924

Annual property taxes

$59,328

Price History

11/07/2024
Beaches

Beaches #R10996296

Price change
$4,750,000
-4.04%
09/19/2024
Beaches

Beaches #R10996296

Price change
$4,950,000
-3.88%
06/14/2024
Beaches

Beaches #R10996296

Listed
$5,150,000
+24.1%

Schools & Community

Neighborhood: 

El Cid

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$1,518,654
Asking price
$4,750,000
Closing costs (~8% of asking)
-$380,000
Est. remaining loan balance
-$2,851,346
Cash to seller
$1,518,654

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

Seller’s Loan History

Lender

Regions Bank

Loan start date

June 2022

Original loan amount

$3,000,000

Est. remaining balance

$2,851,346

Interest rate

5.3%

Loan type

New Conventional, 25 year

Seller

Heacock Investments Llc

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: 12/22/2024 at 10:50 AM

Listing updated: 12/18/2024 at 2:15 PM

Listed by: Greg Weadock, William Raveis Palm Beach LLC Phone #: (561) 655-6570

MLS: Beaches #R10996296

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