tomo logo

$4,100,000

Beds
4
Baths
3.0
sq ft
2,283

500 NE Waterway Ln, Boca Raton, FL 33432

500 NE Waterway Ln

Boca Raton, FL 33432

  • 92 days on market
    • Price drop $100,000↓
A RARE FIND! Modern 1 story waterfront home in the Golden Harbour neighborhood in the heart of downtown. Modern & updated w/ direct access to the Boca Inlet with no fixed bridges. Upgraded 48x48 porcelain rectified tile throughout the main living space, modern wood plank tile in all bedrooms. An entertainer's dream home w/ open floor plan. Gourmet kitchen w/ MIELE appliances & large covered patio w/ retractable screens for bug-free comfort. Covered outdoor kitchen including a pizza oven and ice maker. New seawall & 80' dock w/ 30k lb. boat lift. Additional 40' of frontage w/ views down the canal for a potential second dock. Whole home generator, heated salt water pool, foam insulation in the attic for energy efficiency. If you've been looking to downsize on the water you can't miss this!

Details

Property type

Single Family Residence

Est. home value

$2,576,421

Lot size

9,423 sq ft

Price per sq ft

$1,796

Year built

1972

Annual property taxes

$25,961

Price History

07/20/2024
Beaches

Beaches #F10449616

Price change
$4,100,000
-2.38%
07/05/2024
Beaches

Beaches #F10449616

Listed
$4,200,000
+170.97%
06/22/2020
Beaches

Beaches #R10596361

Sold
$1,550,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Boca Raton Community

High school: 

Boca Raton Community

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

$2,643,648
Asking price
$4,100,000
Closing costs (~8% of asking)
-$328,000
Est. remaining loan balance
-$1,128,352
Cash to seller
$2,643,648

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

Seller’s Loan History

Lender

Truist Bank

Loan start date

June 2020

Original loan amount

$1,240,000

Est. remaining balance

$1,128,352

Interest rate

3.23%

Loan type

New Conventional, 30 year

Seller

David P Ehrlich and Jacquelyn H Ehrlich

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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475 E Royal Palm Rd Unit 605, Boca Raton, FL 33432

Status: Active

Tomo last checked: 10/04/2024 at 9:55 PM

Listing updated: 09/30/2024 at 5:47 PM

Listed by: Andy Mandel, EXP Realty LLC Phone #: (954) 369-0090

MLS: Beaches #F10449616

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