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$725,000

Beds
3
Baths
2.0
sq ft
1,808

5009 Spruce Ave, West Palm Beach, FL 33407

5009 Spruce Ave

West Palm Beach, FL 33407

  • 180 days on market
    • Price drop $74,000↓
The possibilities are endless at 5009 Spruce with over .35 acres of land, one of the largest lots in the Northwood area. Perfect to build your dream home, to live in the main house and rent the guest house, or to run fully as a rental and income property. Currently used as a furnished rental for professional housing. Gross rents over 70k 2 years in a row. Parking available for an RV, boat, trailers and more. Let your imagination run wild with the possibilities at 5009 spruce. Tastefully updated over time and maintained with pride of ownership this two bedroom, one bath main house complete with garage and laundry alongside a detached 1 bedroom 1 bath guest cottage. Just one block from the intracoastal, 5 minutes to downtown northwood, the outlets and downtown.

Details

Property type

Single Family Residence

Est. home value

$725,186

Lot size

0.36 acres

Price per sq ft

$401

Year built

1946

Annual property taxes

$13,611

Price History

01/11/2025
Beaches

Beaches #R11007478

Price change
$725,000
-9.26%
07/26/2024
Beaches

Beaches #R11007478

Listed
$799,000
+52.19%
10/29/2021
Beaches

Beaches #R10718881

Sold
$525,000

Schools & Community

Neighborhood: 

Northwood Harbor

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Sidewalks

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

$277,085
Asking price
$725,000
Closing costs (~8% of asking)
-$58,000
Est. remaining loan balance
-$389,915
Cash to seller
$277,085

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

Seller’s Loan History

Lender

Mortgage Bank Of California

Loan start date

October 2021

Original loan amount

$420,000

Est. remaining balance

$389,915

Interest rate

2.87%

Loan type

New Conventional, 30 year

Seller

Ryan Harris

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: 01/22/2025 at 3:55 PM

Listing updated: 01/11/2025 at 7:35 AM

Listed by: Matthew William Woodbury, Masters Realty Associates Phone #: (772) 233-8200

MLS: Beaches #R11007478

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