tomo logo

$247,900

Beds
2
Baths
2.0
sq ft
1,206

2425 Presidential Way Unit 801, West Palm Beach, FL 33401

2425 Presidential Way Unit 801

West Palm Beach, FL 33401

  • 100 days on market
    • Price drop $4,100↓
Take a look at this great, spacious 2 bedroom, 2 bathroom corner unit with serene views from the 8th floor in the coveted Lands of President community. The unit features tile in the living room and soft carpet in bedrooms, custom mirrors and oversized balconies. It is in outstanding condition. There is a walk-in closet. The community is gated with 24-hour security and small pets are allowed. The building is completely shuttered with hurricane shutters, ensuring safety during bad weather. Plus, it's conveniently located to PBI airport, beaches, dining, shopping, and fantastic downtown. All measurements are approximate. Take a look at the 3D walkthrough.

Details

Property type

Condominium

Est. home value

$267,111

Lot size

Unknown

Price per sq ft

$206

Year built

1974

Annual property taxes

$3,942

Monthly HOA fee

$1,076

Price History

05/22/2024
Beaches

Beaches #R10979864

Price change
$247,900
-1.63%
04/19/2024
Beaches

Beaches #R10979864

Listed
$252,000
+57.5%
05/17/2021
Beaches

Beaches #R10658087

Sold
$160,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Clubhouse, Gated, Tennis Court(s)

Number of units in community: 

1000

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

$110,437
Asking price
$247,900
Closing costs (~8% of asking)
-$19,832
Est. remaining loan balance
-$117,631
Cash to seller
$110,437

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

Seller’s Loan History

Lender

American Internet Mortgage Inc

Loan start date

May 2021

Original loan amount

$126,000

Est. remaining balance

$117,631

Interest rate

3.18%

Loan type

New Conventional, 30 year

Seller

Parvez Syed Mohamed

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: 07/28/2024 at 4:40 PM

Listing updated: 05/22/2024 at 7:15 AM

Listed by: Jonathan Huffer, Redfin Corporation Phone #: (561) 708-4105

MLS: Beaches #R10979864

Beaches logo

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