tomo logo

$675,000

Beds
2
Baths
2.0
sq ft
1,541

3589 S Ocean Blvd Unit 901, Palm Beach, FL 33480

3589 S Ocean Blvd Unit 901

Palm Beach, FL 33480

  • 128 days on market
    • Price drop $125,000↓
This modern completely renovated corner penthouse features 2 bedroom, 2 bathroom condo with beautiful views of the ocean AND intercostal, impact windows, full laundry room (in unit), stainless steel appliances and TONS of closet/storage space! *Special Assessment of $424.42 per month is paying off the building construction loan that covered the new roof, seawall repair, concrete repairs, exterior painting and new generators and it began in January 2023 for seven years. All information and sizes are approximate and should be verified, special assessment and furniture is negotiable.

Details

Property type

Condominium

Est. home value

$962,292

Lot size

Unknown

Price per sq ft

$439

Year built

1974

Annual property taxes

$3,256

Monthly HOA fee

$1,956

Price History

06/07/2024
Beaches

Beaches #F10440787

Price change
$675,000
-15.63%
05/14/2024
Beaches

Beaches #F10438974

Removed
$800,000
05/14/2024
Beaches

Beaches #F10440787

Listed
$800,000

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

$472,500
Asking price
$675,000
Closing costs (~8% of asking)
-$54,000
Est. remaining loan balance
-$148,500
Cash to seller
$472,500

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

Seller’s Loan History

Lender

Nexera Holding Llc

Loan start date

April 2021

Original loan amount

$160,000

Est. remaining balance

$148,500

Interest rate

3.02%

Loan type

New Conventional, 30 year

Seller

Elizabeth A Galassi

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: 09/19/2024 at 5:40 PM

Listing updated: 09/19/2024 at 4:59 PM

Listed by: Sean Guerrier, Premier Listings Phone #: (844) 521-7653

MLS: Beaches #F10440787

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