tomo logo

$409,900

Beds
2
Baths
2.0
sq ft
1,316

401 Lake Shore Dr Unit 705, West Palm Beach, FL 33403

401 Lake Shore Dr Unit 705

Lake Park, FL 33403

  • 63 days on market
    • Price drop $40,000↓
Welcome to this beautifully remodeled 2-bedroom, 2-bathroom condo located in an exceptional 55+ gated waterfront community. Boasting direct, unobstructed views of the Intracoastal, this luxurious home offers the perfect blend of modern upgrades and tranquil coastal living.The condo features impact windows throughout, ensuring peace of mind and energy efficiency. A custom walk-in closet offers ample storage space, while porcelain tile flows seamlessly throughout the entire home. The renovated bathrooms provide a spa-like feel, with updated finishes and fixtures. The updated kitchen includes sleek stainless steel appliances, quartz countertops, and ample cabinet space, perfect for the home chef.The unit is equipped with the latest in smart home technology, including security

Details

Property type

Condominium

Est. home value

$408,752

Lot size

Unknown

Price per sq ft

$312

Year built

1972

Annual property taxes

$3,978

Monthly HOA fee

$417

Price History

11/21/2024
Beaches

Beaches #R11039146

Listed
$409,900
+141.12%
06/30/2016
Beaches

Beaches #R10214291

Sold
$170,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Gated, Street Lights, Sidewalks, Tennis Court(s)

Senior community center: 

Yes

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

$280,116
Asking price
$409,900
Closing costs (~8% of asking)
-$32,792
Est. remaining loan balance
-$96,992
Cash to seller
$280,116

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

Seller’s Loan History

Lender

Northwest Fcu

Loan start date

June 2016

Original loan amount

$119,000

Est. remaining balance

$96,992

Interest rate

3.57%

Loan type

New Conventional, 30 year

Seller

Robert Parks and Debra Parks

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: 01/23/2025 at 9:35 AM

Listing updated: 01/06/2025 at 1:35 PM

Listed by: Jeanette Romano, CGI Realty Phone #: (561) 507-0107

MLS: Beaches #R11039146

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