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$1,599,000

Beds
4
Baths
3.0
sq ft
1,962

501 Colonial Rd, West Palm Beach, FL 33405

501 Colonial Rd

West Palm Beach, FL 33405

  • 12 days on market
Restored quarter acre estate (1926) Full ''down to the studs'' reno 2019. Includes impact windows and doors all new wiring, electrical fixtures, panel, plumbing, plumbing fixtures, AC units. Shows as new. Consists of 4 Bed and 3 full bathrooms. Main house 3 Bed, 1 bath, cottage 1 Bed and 1 bath, and an entertainment area 1 full bath and laundry room with storage & another small building used as a workshop with electric and AC. Private fully fenced compound. Currently rented. Sold furnished, turn key. 7 minutes to PBI Airport , 8 Minutes to downtown. The option to do subject to or assign loan of 4.25 is possible for a portion of your purchase loan. Excellent Air BnB, may have Air BnB at time of showing. Call to discuss.

Details

Property type

Single Family Residence

Lot size

0.25 acres

Price per sq ft

$815

Year built

1926

Annual property taxes

$5,100

Price History

10/24/2024
Beaches

Beaches #R11031171

Listed
$1,599,000
+580.43%
06/18/2019
Beaches

Beaches #R10519251

Sold
$235,000

Schools & Community

Neighborhood: 

South Side

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Number of units in community: 

2

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Ithink Financial Cu

Loan start date

September 2022

Original loan amount

$100,000

Est. remaining balance

Not provided

Interest rate

4.29%

Loan type

Credit Line (Revolving), 30 year

Seller

Keith M Lewis

Lender

Ibm Southeast Employees Cu

Loan start date

February 2020

Original loan amount

$100,000

Est. remaining balance

Not provided

Interest rate

3.3%

Loan type

Credit Line (Revolving), 20 year

Seller

Keith M Lewis

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: 11/05/2024 at 7:30 AM

Listing updated: 10/24/2024 at 8:05 PM

Listed by: Keith Lewis, United Realty Group, Inc Phone #: (561) 235-2127

MLS: Beaches #R11031171

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