tomo logo

$4,800,000

Beds
Unknown
sq ft
Unknown

3047 N Federal Hwy, Delray Beach, FL 33483

3047 N Federal Hwy

Boynton Beach, FL 33483

  • 470 days on market
Outstanding opportunity for Residential Development! 3047 N Federal Hwy, Boynton Beach - a prime 1.34-acre vacant parcel located on the highly sought-after Federal Hwy. This property is By Right zoned for the development of 27 luxury condominiums, making it an ideal investment for those looking to capitalize on this valuable location.

Details

Property type

Est. home value

$3,103,620

Lot size

0.89 acres

Price per sq ft

Unknown

Year built

Unknown

Annual property taxes

$40,147

Price History

07/19/2024
Beaches

Beaches #R10895711

Price change
$4,800,000
+20%
06/08/2023
Beaches

Beaches #R10895711

Listed
$4,000,000

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

Barry Schnittman

Loan start date

December 2021

Original loan amount

$2,200,000

Est. remaining balance

Not provided

Interest rate

2.98%

Loan type

Future Advance Clause / Open End Mortgage, 2 year

Seller

3047 North Federal Llc

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?

Similar Homes Nearby

Beaches
$4,600,000
- bd
|
- ba
|

1405 N Federal Hwy, Delray Beach, FL 33483

Beaches
$5,295,000
4 bd
|
4.5 ba
|
4,467 sq ft
|
Townhouse

1246 George Bush Blvd, Delray Beach, FL 33483

Beaches
$5,295,000
4 bd
|
4.5 ba
|
4,467 sq ft
|
Townhouse

1240 George Bush Blvd, Delray Beach, FL 33483

Status: Active

Tomo last checked: 09/20/2024 at 12:35 AM

Listing updated: 09/06/2024 at 1:36 AM

Listed by: Christopher Nicotra, Ocean Delray Real Estate Phone #: (561) 301-7400

MLS: Beaches #R10895711

Beaches logo

Recently listed in Boynton Beach