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$1,300,000

Beds
3
Baths
2.0
sq ft
1,287

240 Forest Hill Blvd, West Palm Beach, FL 33405

240 Forest Hill Blvd

West Palm Beach, FL 33405

  • 25 days on market
Excellent opportunity for land development or expansion of the existing structure in the desirable SoSo neighborhood. Positioned on a 7,840 sf lot, this property is steps to the Intracoastal waterway and currently offers a 3 Bedroom, 2 Bathroom updated home.

Details

Property type

Single Family Residence

Est. home value

$975,905

Lot size

7,840 sq ft

Price per sq ft

$1,011

Year built

1955

Annual property taxes

$13,788

Price History

11/27/2024
Beaches

Beaches #R11040693

Listed
$1,300,000

Schools & Community

Neighborhood: 

South Side

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

$1,029,313
Asking price
$1,300,000
Closing costs (~8% of asking)
-$104,000
Est. remaining loan balance
-$166,687
Cash to seller
$1,029,313

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

Seller’s Loan History

Lender

First Bank Of The Palm Beaches

Loan start date

March 2016

Original loan amount

$200,000

Est. remaining balance

$166,687

Interest rate

3.79%

Loan type

New Conventional, 32 year

Seller

Gerald J Oconnor and Ellen T Oconnor

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 9:15 AM

Listing updated: 12/10/2024 at 1:00 PM

Listed by: Cara McClure, Douglas Elliman Phone #: (561) 655-8600

MLS: Beaches #R11040693

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