tomo logo

$425,000

Beds
2
Baths
2.0
sq ft
1,498

3589 S Ocean Blvd Unit 305, Palm Beach, FL 33480

3589 S Ocean Blvd Unit 305

South Palm Beach, FL 33480

  • 310 days on market
    • Price drop $24,920↓
Seller is willing to negotiate special assessment fees. As you enter this meticulously maintained bright and sunny 2 bedroom 2 bath condo you will notice the newly painted walls, new light fixtures, impact windows and sliding glass doors and no popcorn ceilings. The spacious living room dining room combination is designed for entertaining and features a timeless floor to ceiling built in wet bar with a hidden door leading to the new Bosch washer and dryer. The oversized sliding glass door leads to a roomy balcony perfect for sipping a glass of wine in the evening air and enjoying the picturesque South Palm Beach city view. The sun-filled eat in galley kitchen has stainless steel appliances, granite countertops, new tile backsplash, crisp white cabinetry with new hardware, a large picture

Details

Property type

Condominium

Est. home value

$419,402

Lot size

Unknown

Price per sq ft

$284

Year built

1974

Annual property taxes

$5,570

Monthly HOA fee

$1,880

Price History

09/09/2024
Beaches

Beaches #R10935992

Price change
$425,000
-5.54%
07/31/2024
Beaches

Beaches #R10935992

Price change
$449,920
07/01/2024
Beaches

Beaches #R10935992

Price change
$449,930

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool

Number of units in community: 

234

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

$251,267
Asking price
$425,000
Closing costs (~8% of asking)
-$34,000
Est. remaining loan balance
-$139,733
Cash to seller
$251,267

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

Seller’s Loan History

Lender

Truist Bank

Loan start date

April 2021

Original loan amount

$150,500

Est. remaining balance

$139,733

Interest rate

3.05%

Loan type

New Conventional, 30 year

Seller

David Hardy Coursey and Scott Douglas Higley

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: 09/18/2024 at 10:25 PM

Listing updated: 09/09/2024 at 8:06 PM

Listed by: Debbie Gross, Echo Fine Properties Phone #: (561) 500-3246

MLS: Beaches #R10935992

Beaches logo