tomo logo

$799,000

Beds
4
Baths
2.0
sq ft
1,612

424 Malverne Rd, West Palm Beach, FL 33405

424 Malverne Rd

West Palm Beach, FL 33405

  • 25 days on market
Great opportunity to own this amazing home with a guest house in the backyard. The main house is a 2 + DEN/ OFFICE bedroom, 1 bathroom, and the guest house is 2 bedroom, 1 bathroom with a full kitchen, offering incredible rental potential. Live in one and rent the other, or use both as an income producing short-term rental.The spacious backyard is perfect for entertaining, featuring a HOT TUB for ultimate relaxation. IMPACT WINDOWS, throughout both homes provide peace of mind and energy efficiency and hurricane safety, Both houses has newer AC . With no HOA restrictions, bring your pets, store your boat, or RV.Minutes from beaches, dining, and major transit lines, this is a rare opportunity to own a flexible, high-income property in a prime location.

Details

Property type

Single Family Residence

Est. home value

$717,157

Lot size

5,000 sq ft

Price per sq ft

$496

Year built

1920

Annual property taxes

$9,761

HOA

Yes

Price History

03/04/2025
Beaches

Beaches #R11068299

Listed
$799,000
-6%
10/17/2024
Beaches

Beaches #R11026651

Removed
$850,000
10/02/2024
Beaches

Beaches #R11026651

Listed
$850,000
+18.88%

Schools & Community

Neighborhood: 

South Side

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Number of units in community: 

2

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

$456,799
Asking price
$799,000
Closing costs (~8% of asking)
-$63,920
Est. remaining loan balance
-$278,281
Cash to seller
$456,799

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

$278,281

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: 03/29/2025 at 1:05 AM

Listing updated: 03/06/2025 at 3:15 AM

Listed by: Gabriella Ilona Thompson, The Keyes Company Phone #: (561) 750-1000

MLS: Beaches #R11068299

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