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$4,795,000

Beds
5
Baths
5.5
sq ft
3,943

3502 Washington Rd, West Palm Beach, FL 33405

3502 Washington Rd

West Palm Beach, FL 33405

  • 58 days on market
    • Price drop $1,000,000↓
Renovate or build new on a Palm Beach estate-sized property with endless possibilities in highly sought-after Southland Park - just mins to Palm Beach Island. This stately home offers the ULTIMATE privacy - situated on an expansive lushly landscaped 12,000 sq-ft. lot - just one house from the Intracoastal - with one-of-a-kind views of Mar-a-Logo and the Intracoastal from the second floor. 4 bed, 4.5 ba plus 1 bed, 1 bath guest house, expanded to +/- 4,900 sq-ft. Beautiful European white oak floors throughout. 2-car garage with parking for 7 cars. A private guest suite offers addl space for guests, an office or gym. Room for an enchanting pool. A rare opportunity to acquire Palm Beach-sized estate in a prime location at a fraction of the cost of Palm Beach Island.

Details

Property type

Single Family Residence

Est. home value

$2,935,842

Lot size

0.28 acres

Price per sq ft

$1,217

Year built

1955

Annual property taxes

$49,368

HOA

Yes

Price History

11/14/2024
Beaches

Beaches #R11031549

Price change
$4,795,000
-17.26%
10/25/2024
Beaches

Beaches #R11031549

Listed
$5,795,000
+256.62%
07/08/2021
Beaches

Beaches #R10711168

Sold
$1,625,000

Schools & Community

Neighborhood: 

Propect-Southland Park

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

$3,358,067
Asking price
$4,795,000
Closing costs (~8% of asking)
-$383,600
Est. remaining loan balance
-$1,053,333
Cash to seller
$3,358,067

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

Seller’s Loan History

Lender

Homebridge Financial Services Inc

Loan start date

July 2021

Original loan amount

$1,137,500

Est. remaining balance

$1,053,333

Interest rate

3%

Loan type

New Conventional, 30 year

Seller

Asanka K Weerasuriya and Marion Weerasuriya

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: 12/22/2024 at 8:55 AM

Listing updated: 12/10/2024 at 12:56 PM

Listed by: Jacqueline Zimmerman, Douglas Elliman Phone #: (561) 655-8600

MLS: Beaches #R11031549

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