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$319,500

Beds
3
Baths
2.0
sq ft
1,597

5055 Oak Hill Ln Unit 221, Delray Beach, FL 33484

5055 Oak Hill Ln Unit 221

Delray Beach, FL 33484

  • 127 days on market
    • Price drop $8,000↓
DON'T MISS THIS BELOW MARKET VALUE. Here's Your Affordable Winter Escape or Rental Property. Updated, Lake & Golf views, Second Floor, 55+, 2 Bedroom Corner Condo with a Den, Vaulted Ceilings & Open Living-Dining rooms. Tile Floors Through out, Partially furnished, A Large Screened & Two Open, Balconies. Excellent location proximate to both Boca Raton & Delray Beach Shopping & Entertainment. Beaches 5 miles, minutes to PBI Airport. Boca Delray Golf & Country Club, is a Non-equity, pet friendly 24/7 manned-gated Active Adult community. Its built around 12 lakes, and a challenging Par 60,18-hole executive golf course w/a soon to be remodeled clubhouse. Five Har-Tru Tennis & Pickleball courts, Fitness Center, Bocce Ball, Billiards, Cafe, Planned Events; Bingo, Cards, Clubs & Entertainment.

Details

Property type

Condominium

Est. home value

$338,712

Lot size

Unknown

Price per sq ft

$201

Year built

1984

Annual property taxes

$3,563

Monthly HOA fee

$1,000

Price History

07/27/2024
Beaches

Beaches #R11001670

Price change
$319,500
-2.44%
07/04/2024
Beaches

Beaches #R11001670

Listed
$327,500
+98.48%
10/11/2016
Beaches

Beaches #R10255189

Sold
$165,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Clubhouse, Golf, Gated, Tennis Court(s)

Senior community center: 

Yes

Number of units in community: 

437

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

$203,497
Asking price
$319,500
Closing costs (~8% of asking)
-$25,560
Est. remaining loan balance
-$90,443
Cash to seller
$203,497

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

Seller’s Loan History

Lender

Bank Of America Na

Loan start date

October 2016

Original loan amount

$110,000

Est. remaining balance

$90,443

Interest rate

3.43%

Loan type

New Conventional, 30 year

Seller

Steven S Weissman

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: 11/08/2024 at 1:15 PM

Listing updated: 10/01/2024 at 7:06 PM

Listed by: Dave Robertson, William Raveis Real Estate Phone #: (561) 576-7085

MLS: Beaches #R11001670

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