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$4,995,000

Beds
2
Baths
2.0
sq ft
1,334

251 Atlantic Ave, Palm Beach, FL 33480

251 Atlantic Ave

Palm Beach, FL 33480

  • 44 days on market
Palm Beach Gem. Welcome to this charming 2-bedroom, 2-bathroom Magnolia cottage, circa 1917, nestled in the heart of Palm Beach. The home exudes enduring character with crown molding, hand-painted hardwood floors, and custom built-ins. Large sliding glass doors in the dining/kitchen area provide an abundance of natural light, overlooking the heated pool/spa with jets and lights, and a tropical backyard curated by Mario Nievera. Impact windows and doors offer added security and peace of mind. In-wall speakers throughout the living room, kitchen, and exterior enhance your entertainment experience. Beach access and lake trail at either ends of the road create the epitome of island living as well as The Royal Poinciana Plaza, Lola 41, Cucina are within walking distance away.

Details

Property type

Single Family Residence

Est. home value

$2,949,593

Lot size

3,751 sq ft

Price per sq ft

$3,745

Year built

1917

Annual property taxes

$21,081

Price History

07/26/2024
Beaches

Beaches #R11007416

Listed
$4,995,000
+244.48%
03/06/2017
Beaches

Beaches #R10303325

Sold
$1,450,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Bank Of America Na

Loan start date

July 2001

Original loan amount

$100,000

Est. remaining balance

Not provided

Interest rate

7.2%

Loan type

Credit Line (Revolving)

Seller

Fran Sherwood and Ruth Sherwood

Lender

Ctx Mortgage Co

Loan start date

September 1998

Original loan amount

$288,000

Est. remaining balance

Not provided

Interest rate

6.97%

Loan type

New Conventional

Seller

Fran Sherwood and Ruth Sherwood

Lender

Bankers Savings Bank

Loan start date

March 1997

Original loan amount

$280,000

Est. remaining balance

Not provided

Interest rate

7.88%

Loan type

New Conventional

Seller

Fran Sherwood and Denis Dubuc

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: 09/08/2024 at 6:55 AM

Listing updated: 08/27/2024 at 4:40 AM

Listed by: Simon Isaacs, Simon Isaacs Real Estate LLC Phone #: (561) 818-3936

MLS: Beaches #R11007416

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