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$595,000

Beds
3
Baths
2.0
sq ft
1,140

416 56th St, West Palm Beach, FL 33407

416 56th St

West Palm Beach, FL 33407

  • 42 days on market
OCATION, LOCATION, AND MORE LOCATION! LIVE IN PARADISE. 2ND HOUSE FROM NORTH FLAGLER DRIVE IN NORTHWOOD HARBOUR MARINA HISTORIC DISTRICT, RED HOT FUTURE DEVELOPING CRA AREA & RYBOVICH MARINA VILLAGE. 3 BED 2 BATH HOME. NEWLY UPDATED APPLIANCES, WASHER/ DRYER, FLORIDA ROOM, GREAT YARD FENCED READY FOR POOL, LARGE PATIO FOR BBQ, AND ENTERTAINING, NEW SPRINKLER SYSTEM, AND COMPLETELY FENCED, METAL CARPORT, NATURAL GAS ON PROPERTY, MINUTES TO PALM BEACH PEANUT ISLAND, RESTAURANTS, DOWNTOWN WEST PALM BEACH WATERFRONT,HISTORIC NORTHWOOD ARTS DISTRICT, SINGER ISLAND, PORT, RIVIERA BEACH MARINA, BRING OFFERS TODAY THIS WILL NOT LAST.

Details

Property type

Single Family Residence

Est. home value

$449,083

Lot size

6,357 sq ft

Price per sq ft

$522

Year built

1950

Annual property taxes

$8,318

Price History

02/11/2025
Beaches

Beaches #F10486339

Listed
$595,000
+56.58%
02/24/2022
Beaches

Beaches #R10766907

Sold
$380,000
+76.74%
11/22/2019
Beaches

Beaches #R10543585

Sold
$215,000
+25%

Schools & Community

Neighborhood: 

Northwood Harbor

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

$255,773
Asking price
$595,000
Closing costs (~8% of asking)
-$47,600
Est. remaining loan balance
-$291,627
Cash to seller
$255,773

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

Seller’s Loan History

Lender

Oaktree Funding Corp

Loan start date

February 2022

Original loan amount

$304,000

Est. remaining balance

$291,627

Interest rate

3.12%

Loan type

New Conventional, 40 year

Seller

Pinewood Park 416 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: 03/25/2025 at 10:45 PM

Listing updated: 02/11/2025 at 6:40 PM

Listed by: Nam Luong, Vista Realty Phone #: (954) 597-7767

MLS: Beaches #F10486339

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