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$609,500

Beds
2
Baths
2.0
sq ft
1,708

5047 Magnolia Bay Cir, Palm Beach Gardens, FL 33418

5047 Magnolia Bay Cir

Palm Beach Gardens, FL 33418

  • Coming soon
Here's a Golden Opportunity to purchase a great Villa at a great Price. Waterfront location in a Built-SOLID Divosta (Poured solid Concrete Wall Construction - Better than CBS!) This Extended Capri III model located in desirable Magnolia Bay is well priced and is awaiting a new Owner! Experience the Boutique-Feel of this cozy enclave of 187 homes in this Luxury Patio Home in the heart of Palm Beach Gardens. The Community is Gated and has a heated pool, 2 Tennis Lighted Courts, a Workout Room, a Community Room with activities like Yoga, Book & Travel Clubs and Water Aerobics classes as well. Quarterly Maintenance fee includes 3 utilities: Security & Panic Alarms/High Speed Wifi/Cable services/Ppty. Mgr and the above recreational amenities.

Details

Property type

Est. home value

$627,232

Lot size

5,428 sq ft

Price per sq ft

$357

Year built

2004

Annual property taxes

$8,748

Monthly HOA fee

$441

Price History

03/11/2019
Beaches

Beaches #R10487425

Sold
$405,000

Schools & Community

Elementary school: 

Marsh Pointe

Middle school: 

Watson B. Duncan

High school: 

William T. Dwyer

Community features: 

Pool, Gated, Street Lights, Sidewalks, Tennis Court(s)

Number of units in community: 

187

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

$422,435
Asking price
$609,500
Closing costs (~8% of asking)
-$48,760
Est. remaining loan balance
-$138,305
Cash to seller
$422,435

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

Seller’s Loan History

Lender

Valley National Bank

Loan start date

March 2019

Original loan amount

$155,000

Est. remaining balance

$138,305

Interest rate

4.45%

Loan type

New Conventional, 30 year

Seller

John F Doran and John F Doran Declaration Of Trust

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: Coming Soon

Tomo last checked: 03/02/2025 at 6:05 PM

Listing updated: 03/01/2025 at 8:15 PM

Listed by: Frank Owen, Illustrated Properties (Abacoa) Phone #: (561) 622-5006

MLS: Beaches #R11067097

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