tomo logo

$1,250,000

Beds
Unknown
sq ft
3,372

518 Biscayne Dr, West Palm Beach, FL 33401

518 Biscayne Dr

West Palm Beach, FL 33401

  • 8 days on market
Upgraded 4-unit multifamily property in historic Flamingo Park. Qualifies for favorable owner-occupant financing which allows the rental income to help qualify for the loan with as low as 5% downpayment.Impact windows throughout. Each unit has Central AC and updated electrical panels. Units include in-unit washers and dryers, high ceilings, and tankless water heaters. A large backyard provides ample outdoor space for tenants. Durable flat roof (2016) and updated barrel tile roof. Plumbing is originally cast iron and much has been replaced with PVC.

Details

Property type

Est. home value

$1,037,609

Lot size

6,250 sq ft

Price per sq ft

$371

Year built

1925

Annual property taxes

$15,905

Price History

01/14/2025
Beaches

Beaches #R11052500

Listed
$1,250,000

Schools & Community

Neighborhood: 

Flamingo Park

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Homestead Funding Corp

Loan start date

June 2022

Original loan amount

$945,000

Est. remaining balance

$909,221

Interest rate

5.27%

Loan type

New Conventional, 30 year

Seller

Elisa Lederer

Lender

Everett Financial Inc

Loan start date

January 2019

Original loan amount

$588,641

Est. remaining balance

$526,945

Interest rate

4.63%

Loan type

FHA, 30 year

Seller

Elisa Lederer

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: Active

Tomo last checked: 01/22/2025 at 3:50 PM

Listing updated: 01/20/2025 at 1:15 AM

Listed by: Jesse J Bailey, 49 Units, LLC Phone #: (561) 600-5350

MLS: Beaches #R11052500

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