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$449,000

Beds
2
Baths
2.0
sq ft
1,316

501 Lake Shore Dr Unit 505, West Palm Beach, FL 33403

501 Lake Shore Dr Unit 505

Lake Park, FL 33403

  • 34 days on market
This 2 bedroom 2 bathroom WATERFRONT condo features a large, private, screened and enclosed balcony featuring stunning Intracoastal views. This building features a lovely pool area with BBQ and putting green. This condo is close proximity to waterfront parks and recreation; Enjoy living next to Kelsey park where you can catch a game of pickelball, stroll to your yacht docked at Lake Park Harbor Marina, and enjoy easy traveling with Palm Beach International airport being just 14 miles away. Only 2 minutes down the street is popular North Palm Beach Country Club which offers a Jack Nicklaus-designed golf course, pool, tennis courts, and dining options; Or enjoy a sunny day at Ocean Reef Beach, just over the bridge. Discover the perfect blend of convenience, recreation, and tranquility.

Details

Property type

Condominium

Est. home value

$365,955

Lot size

Unknown

Price per sq ft

$342

Year built

1970

Annual property taxes

$2,371

Monthly HOA fee

$627

Price History

11/18/2024
Beaches

Beaches #R11038115

Listed
$449,000
+147.38%
04/19/2017
Beaches

Beaches #R10302798

Sold
$181,500

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Gated, Street Lights

Senior community center: 

Yes

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

$338,100
Asking price
$449,000
Closing costs (~8% of asking)
-$35,920
Est. remaining loan balance
-$74,980
Cash to seller
$338,100

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

Seller’s Loan History

Lender

Group One Mortgage Inc

Loan start date

April 2017

Original loan amount

$136,125

Est. remaining balance

$74,980

Interest rate

3.32%

Loan type

New Conventional, 15 year

Seller

Michael Burnick and Stanley Pyall

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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801 Lake Shore Dr Unit 802, West Palm Beach, FL 33403

Status: Active

Tomo last checked: 12/22/2024 at 10:10 AM

Listing updated: 12/15/2024 at 9:48 PM

Listed by: Shannon Zahn, Blue View Real Estate Phone #: (561) 785-2991

MLS: Beaches #R11038115

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