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$975,000

Beds
4
Baths
2.0
sq ft
1,675

249 31st St, West Palm Beach, FL 33407

249 31st St

West Palm Beach, FL 33407

  • Pending
    • Price drop $24,999↓
INCOME Producing. FULL INSPECTION REPORT AVAILABLE UPON REQUEST. This is an amazing investment opportunity. The home is located in Historic Northwood District just a few homes up the street from the Intracoastal Waterway and some of West Palm Beaches most expensive residences. This property is offering BOTH a charming 3-bedroom, 1-bathroom main house and a fully-equipped 1-bedroom, 1-bathroom cottage, both with their own private laundry rooms, and completely separate entrances almost 8,000 SQ FT LOT. This exceptional opportunity features full impact windows and doors, new AC units in both homes, gas stoves in both homes, improved electrical, ample storage, and many more upgrades. Less than a 9 minute car ride on the scenic Flagler drive to Palm Beach and Downtown West Palm Beach.

Details

Property type

Single Family Residence

Est. home value

$973,429

Lot size

7,950 sq ft

Price per sq ft

$583

Year built

1950

Annual property taxes

$17,082

Price History

07/30/2024
Beaches

Beaches #R10956740

Pending
$975,000
07/22/2024
Beaches

Beaches #R10956740

Price change
$975,000
-2.5%
07/08/2024
Beaches

Beaches #R10956740

Listed
$999,999

Schools & Community

Neighborhood: 

Northwood Shores

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Sidewalks

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

$533,894
Asking price
$975,000
Closing costs (~8% of asking)
-$78,000
Est. remaining loan balance
-$363,106
Cash to seller
$533,894

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

Seller’s Loan History

Lender

Crosscountry Mortgage Llc

Loan start date

June 2021

Original loan amount

$390,000

Est. remaining balance

$363,106

Interest rate

2.94%

Loan type

New Conventional, 30 year

Seller

Kaylan Kelsen

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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535 31st St, West Palm Beach, FL 33407

Status: Pending/Under Contract

Tomo last checked: 09/08/2024 at 6:55 AM

Listing updated: 09/06/2024 at 12:57 AM

Listed by: Meghan Stewart, Compass Florida LLC Phone #: (305) 851-2820

MLS: Beaches #R10956740

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