tomo logo

$85,000

Beds
1
Baths
1.5
sq ft
684

242 Norwich K, West Palm Beach, FL 33417

242 Norwich K

West Palm Beach, FL 33417

  • 6 days on market
Enjoy the perfect blend of comfort, convenience, and vibrant 55+ living in this well-maintained 1-bedroom, 1.5-bath first-floor condo in Century Village, West Palm Beach. Featuring tile flooring in the living and kitchen areas, a spacious walk-in closet, and a screened-in patio, this home offers a serene retreat with hurricane accordion shutters for added peace of mind.The Century Village HOA provides a wealth of amenities, including 24-hour gated security, cable, and water, ensuring a worry-free lifestyle. Residents enjoy heated pools, a state-of-the-art fitness center, tennis courts, shuffleboard, bocce, and pickleball. The grand clubhouse features a 1,221-seat theater with live entertainment, movies, and social events.

Details

Property type

Condominium

Est. home value

$75,101

Lot size

Unknown

Price per sq ft

$125

Year built

1970

Annual property taxes

$1,374

Monthly HOA fee

$639

Price History

02/25/2025
Beaches

Beaches #R11065890

Listed
$85,000
+30.77%
10/15/2024
Beaches

Beaches #R10984180

Sold
$65,000
-7.01%
08/28/2024
Beaches

Beaches #R10984180

Pending
$69,900

Schools & Community

Elementary school: 

Unknown

Middle school: 

Bear Lakes

High school: 

Palm Beach Lakes

Community features: 

Pool, Clubhouse, Golf, Gated, Park, Street Lights, Sidewalks, Tennis Court(s)

Senior community center: 

Yes

Number of units in community: 

43

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

$65,907
Asking price
$85,000
Closing costs (~8% of asking)
-$6,800
Est. remaining loan balance
-$12,293
Cash to seller
$65,907

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

Seller’s Loan History

Lender

Sib Mortgage Corp

Loan start date

December 2003

Original loan amount

$25,000

Est. remaining balance

$12,293

Interest rate

5.98%

Loan type

Not Provided, 30 year

Seller

Richard Ferraro and Shelia Ferraro

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?

Similar Homes Nearby

Price drop
Beaches
$87,000
1 bd
|
1.5 ba
|
570 sq ft
|
Condo

46 Waltham B Unit 46, West Palm Beach, FL 33417

Beaches
$97,000
1 bd
|
1.5 ba
|
684 sq ft
|
Condo

147 Norwich G, West Palm Beach, FL 33417

Price drop
Beaches
$84,400
1 bd
|
1.5 ba
|
700 sq ft
|
Condo

79 Kent St, West Palm Beach, FL 33417

Status: Active

Tomo last checked: 03/03/2025 at 5:55 PM

Listing updated: 02/26/2025 at 8:55 AM

Listed by: Kathleen Alexis, Partnership Realty Inc. Phone #: (561) 355-0270

MLS: Beaches #R11065890

Beaches logo