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$899,000

Beds
3
Baths
3.0
sq ft
1,788

506 35th St, West Palm Beach, FL 33407

506 35th St

West Palm Beach, FL 33407

  • <1 day on market
Investor's Dream: Unique 3-Unit Property in Historic Northwood - Under $900K!An incredible opportunity to own a charming, successful vacation rental property in the heart of Old Historic Northwood. This property features a beautifully maintained 1947 CBS home with 3 bedrooms and 2 baths, along with two separate 1-bedroom, 1-bath cottages.Nestled on a peaceful, tree-lined street, this former artist's residence boasts a lushly landscaped yard, complete with a private above-ground spa for relaxation. Recent upgrades, including energy-efficient solar panels, have significantly lowered energy costs.With its prime location just under 3 miles from all that West Palm Beach and Palm Beach Island have to offer, this property is a short drive to PBI Airport and only two blocks from the

Details

Property type

Single Family Residence

Est. home value

$953,586

Lot size

6,098 sq ft

Price per sq ft

$503

Year built

1947

Annual property taxes

$10,287

Price History

03/25/2025
Beaches

Beaches #R11075052

Listed
$899,000
-1.96%
03/14/2025
Beaches

Beaches #R11049056

Removed
$917,000
03/12/2025
Beaches

Beaches #R11049056

Listed
$917,000

Schools & Community

Neighborhood: 

Old Northwood

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$348,029
Asking price
$899,000
Closing costs (~8% of asking)
-$71,920
Est. remaining loan balance
-$479,051
Cash to seller
$348,029

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

Seller’s Loan History

Lender

A&D Mortgage Llc

Loan start date

August 2022

Original loan amount

$496,230

Est. remaining balance

$479,051

Interest rate

5.78%

Loan type

New Conventional, 30 year

Seller

Nicolas B Bitzer and Nicolas Bilotta Bitzer

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: 03/26/2025 at 9:20 AM

Listing updated: 03/26/2025 at 5:16 AM

Listed by: Lisa A Mastronardi, Sotheby's Intl. Realty, Inc. Phone #: (561) 659-3555

MLS: Beaches #R11075052

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