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$849,000

Beds
4
Baths
3.5
sq ft
1,732

307 N Federal Hwy, Lake Worth Beach, FL 33460

307 N Federal Hwy

Lake Worth Beach, FL 33460

  • 358 days on market
    • Price drop $26,000↓
Previously operated as the Banana Inn B & B in the '90s, this charming Mediterranean Revival home continues to host out-of-town travelers seeking the sun and warmth of South Florida. Offered with all furnishings and prospective bookings, if desired, make it a ready-made investment. The home has a successful book of business and grossed over $120K in 2022. Detailed pro forma available upon request to serious buyers only. The walkability to the beach and to downtown which is just steps away with its sidewalk cafes, art galleries and shops make this property the ideal vacation spot. Current zoning allows for a B&B and/or professional office/businesses. The home stands gracefully beneath an olive tree, welcoming visitors with an arched porch entry. Inside you'll discover a trove

Details

Property type

Single Family Residence

Est. home value

$965,340

Lot size

6,502 sq ft

Price per sq ft

$491

Year built

1902

Annual property taxes

$5,754

Price History

08/14/2024
Beaches

Beaches #R10922727

Price change
$849,000
-2.97%
07/15/2024
Beaches

Beaches #R10922727

Price change
$875,000
-2.67%
03/26/2024
Beaches

Beaches #R10922727

Price change
$899,000
-5.27%

Schools & Community

Neighborhood: 

Mango Groves

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

Chicago Mortgage Solutions Corp

Loan start date

June 2022

Original loan amount

$476,250

Est. remaining balance

$459,933

Interest rate

5%

Loan type

New Conventional, 30 year

Seller

Creative Lifestyles Llc

Lender

Recovo Mortgage Management Llc

Loan start date

April 2019

Original loan amount

$343,000

Est. remaining balance

Not provided

Interest rate

8.08%

Loan type

Adjustable Rate Mortgage, 30 year

Seller

Creative Lifestyles Llc

Lender

Groundfloor Holdings Ga Llc

Loan start date

July 2018

Original loan amount

$259,070

Est. remaining balance

Not provided

Interest rate

4.66%

Loan type

Not Provided

Seller

Creative Lifestyles 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?

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Status: Active

Tomo last checked: 09/19/2024 at 12:55 PM

Listing updated: 09/10/2024 at 12:02 PM

Listed by: Jon Allen, Illustrated Properties LLC Phone #: (561) 582-5338

MLS: Beaches #R10922727

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