tomo logo

$850,000

Beds
5
Baths
2.0
sq ft
1,612

424 Malverne Rd, West Palm Beach, FL 33405

424 Malverne Rd

West Palm Beach, FL 33405

  • 3 days on market
Experience the true Floridian lifestyle you've always dreamed of. This charming Key West-style property is an ideal opportunity for savvy investors, whether for Airbnb rentals or as a cozy bed and breakfast.Featuring a main house with 2 bedrooms and 1 bath, along with a separate 2-bedroom, 1-bath guest house, this property offers versatility without the constraints of an HOA. Upon entering, you'll feel as though you've discovered your own slice of paradise. The home boasts elegant deep-toned hardwood floors throughout, and new hurricane impact windows ensure a peaceful, noise-free environment while reducing cooling costs.Meticulously landscaped, this residence is nestled in the heart of the laid-back seaside town of West Palm Beach, just a short walk from a variety of restaurants

Details

Property type

Single Family Residence

Est. home value

$717,157

Lot size

5,005 sq ft

Price per sq ft

$528

Year built

1920

Annual property taxes

$9,464

Price History

10/02/2024
Beaches

Beaches #R11026651

Listed
$850,000
+18.88%
07/05/2024
Beaches

Beaches #R10990251

Removed
$715,000
05/24/2024
Beaches

Beaches #R10990251

Listed
$715,000
-2.72%

Schools & Community

Neighborhood: 

South Side

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

$501,399
Asking price
$850,000
Closing costs (~8% of asking)
-$68,000
Est. remaining loan balance
-$280,601
Cash to seller
$501,399

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

Seller’s Loan History

Lender

Angel Oak Mortgage Solutions Llc

Loan start date

July 2022

Original loan amount

$290,000

Est. remaining balance

$280,601

Interest rate

5.09%

Loan type

New Conventional, 30 year

Seller

Paradise Found Homes 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?

Status: Active

Tomo last checked: 10/05/2024 at 2:20 AM

Listing updated: 10/04/2024 at 7:40 PM

Listed by: Ricky Curtis, Premier Agent Network Phone #: (877) 663-9366

MLS: Beaches #R11026651

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