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$484,500

Beds
2
Baths
1.0
sq ft
883

2686 Summit Blvd, West Palm Beach, FL 33406

2686 Summit Blvd

West Palm Beach, FL 33406

  • 169 days on market
    • Price drop $5,500↓
Unique opportunity to own a well-maintained, updated home along with an adjacent vacant lot in the highly desirable Summit area. The home features a recently updated kitchen with granite countertops, new flooring, and a modern bathroom with contemporary fixtures. Exterior stucco, three split-unit AC systems, a new hot water tank, and updated electrical systems. The adjacent lot provides ample space for future development or expansion, offering approximately 0.2 acres of potential. Perfect for those looking to invest in real estate or homeowners wanting extra space for expansion. With its prime location and recent upgrades, this property offers exceptional value and potential.

Details

Property type

Single Family Residence

Est. home value

$308,251

Lot size

8,712 sq ft

Price per sq ft

$549

Year built

1952

Annual property taxes

$3,461

Price History

09/20/2024
Beaches

Beaches #R10990737

Price change
$484,500
-1.12%
08/10/2024
Beaches

Beaches #R10990737

Price change
$490,000
-1.01%
08/03/2024
Beaches

Beaches #R10990737

Price change
$495,000
-1.98%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights, 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

$278,838
Asking price
$484,500
Closing costs (~8% of asking)
-$38,760
Est. remaining loan balance
-$166,902
Cash to seller
$278,838

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

Seller’s Loan History

Lender

Loandepot.Com Llc

Loan start date

June 2021

Original loan amount

$180,000

Est. remaining balance

$166,902

Interest rate

2.94%

Loan type

New Conventional, 30 year

Seller

Severiano Macedo and Angelica Victoriano Nava

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: 11/08/2024 at 9:30 AM

Listing updated: 11/03/2024 at 8:25 PM

Listed by: Estrella Parada-Gonzalez, EPG Homes LLC Phone #: (561) 809-9995

MLS: Beaches #R10990737

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