tomo logo

$5,500,000

Beds
4
Baths
3.0
sq ft
2,239

2934 NE 7th Drive Dr, Boca Raton, FL 33431

2934 NE 7th Drive Dr

Boca Raton, FL 33431

  • 466 days on market
This rare waterfront find in eastern Boca Raton offers 180'+ ft of improved, widened seawall on a large corner lot, just one block off of the Intracoastal Waterway, offering a permanently unobstructed view. Dock your 100' yacht in your own back yard with plenty of room for countless other water toys. The property is located in a cul-de-sac with an oversized lot and a very sought after east and south exposure for the backyard so you can enjoy the ocean breeze on a hot afternoon and still feel comfortable. Enjoy a one mile walk to the beach or a 10 minute paddle on a kayak from your back yard to the newly revamped James A. Rutherford Park or Spanish River Beach Park....Lake Boca Raton and the Boca Raton inlet is only a 20 minute boat ride away...build your dream home on the water today!

Details

Property type

Single Family Residence

Est. home value

$5,240,186

Lot size

0.23 acres

Price per sq ft

$2,457

Year built

1968

Annual property taxes

$13,317

Price History

06/12/2023
Beaches

Beaches #R10896526

Listed
$5,500,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$4,854,400
Asking price
$5,500,000
Closing costs (~8% of asking)
-$440,000
Est. remaining loan balance
-$205,600
Cash to seller
$4,854,400

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

Seller’s Loan History

Lender

Quicken Loans Llc

Loan start date

July 2020

Original loan amount

$270,000

Est. remaining balance

$205,600

Interest rate

2.7%

Loan type

New Conventional, 15 year

Seller

Peter Lee Babey and Melissa D Babey

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: 09/20/2024 at 12:30 AM

Listing updated: 09/06/2024 at 12:56 AM

Listed by: Joanna Doldan, Boca Real Estators Phone #: (561) 391-9877

MLS: Beaches #R10896526

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