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$1,000,000

Beds
3
Baths
1.0
sq ft
910

5211 Pine Grove Dr, West Palm Beach, FL 33417

5211 Pine Grove Dr

West Palm Beach, FL 33417

  • 103 days on market
Attention Investors!! Welcome to 5211 Pine Grove Drive, West Palm Beach, FL - A Prime Real Estate Opportunity!! Currently Zoned RH-Multi-Family High Density that sits within an Opportunity Zone offering Potential Tax Advantages. This .77-acre property has a buildable canvas for up to 4 units. Build up to 35 feet high. Located near the end of a quiet private road with a corner lot. Most of the land is already cleared just waiting for the right investor to put their special touch on it. Come see this property for yourself. It will not disappoint! Located near the FL Turnpike and I-95. Lots of restaurants and the outlet mall nearby. Price based on Commercial Appraisal and Opportunity of Assemblage and Redevelopment of MFR RH.

Details

Property type

Single Family Residence

Est. home value

$321,282

Lot size

0.77 acres

Price per sq ft

$1,099

Year built

1970

Annual property taxes

$1,578

Price History

08/08/2024
Beaches

Beaches #R11010742

Listed
$1,000,000
+811.58%
07/29/2014
Beaches

Beaches #R10024406

Sold
$109,700

Schools & Community

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

$838,008
Asking price
$1,000,000
Closing costs (~8% of asking)
-$80,000
Est. remaining loan balance
-$81,992
Cash to seller
$838,008

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

Seller’s Loan History

Lender

Cmg Mortgage Inc

Loan start date

July 2014

Original loan amount

$104,215

Est. remaining balance

$81,992

Interest rate

4.2%

Loan type

New Conventional, 30 year

Seller

Lori Charatz

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?

Similar Homes Nearby

Price drop
Beaches
$850,000
4 bd
|
2 ba
|
1,800 sq ft
|
House

4647 Marguerita St, West Palm Beach, FL 33417

Status: Active

Tomo last checked: 11/19/2024 at 10:35 AM

Listing updated: 10/25/2024 at 2:45 PM

Listed by: Paul Saperstein, EXP Realty LLC Phone #: (888) 883-8509

MLS: Beaches #R11010742

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