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$488,323Estimated home value

Beds
4
Baths
2.0
sq ft
1,301

517 Putnam Rd, West Palm Beach, FL 33405

517 Putnam Rd

West Palm Beach, FL 33405

  • Sold On 2/29/2024
This West Palm Beach property is a rare find with 3 bedroom and 1 bath in the main house and a studio/efficiency with a private bath and separate entrance. Each unit has their driveway and yard. You will love this home if you need an in-law suite, rent out the efficiency or easily make it a 4/2. The home is located in the antique district near restaurants and shopping. You are near beaches, the Square, Clematis and all of the activities, PBI airport and entertainment in downtown West Palm Beach. This is a great investment property that is ideal for annual or short term rentals. Imagine owning a home that can also help offset your monthly payment

Details

Property type

Single Family Residence

Est. home value

$488,323

Lot size

5,101 sq ft

Price per sq ft

$304

Year built

1923

Annual property taxes

$5,777

HOA

Yes

Price History

03/10/2025
Beaches

Beaches #R11001734

Removed
$649,900
01/19/2025
Beaches

Beaches #R11001734

Price change
$649,900
-3.65%
12/07/2024
Beaches

Beaches #R11001734

Listed
$674,500

Schools & Community

Neighborhood: 

South Side

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

$133,045
Asking price
$395,000
Closing costs (~8% of asking)
-$31,600
Est. remaining loan balance
-$230,355
Cash to seller
$133,045

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

Seller’s Loan History

Lender

Crosscountry Mortgage Llc

Loan start date

April 2020

Original loan amount

$256,410

Est. remaining balance

$230,355

Interest rate

3.47%

Loan type

New Conventional, 30 year

Seller

Sidney Monyei and Stacey Monyei

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: Off Market

Tomo last checked: 03/31/2025 at 1:10 PM

Listing updated: 02/29/2024 at 8:39 PM

Listed by: Lisa Treu, Treu Group Real Estate Phone #: (561) 350-7883

MLS: Beaches #R10956526

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