tomo logo

$1,290,000

Beds
6
Baths
5.0
sq ft
2,284

523 28th St, West Palm Beach, FL 33407

523 28th St

West Palm Beach, FL 33407

  • Pending
    • Price drop $35,000↓
RARE OPPORTUNITY TO OWN 3 UNIT MULTIFAMILY PROPERTY IN THIS EXCLUSIVE NEIGHBORHOOD OF NORTHWOOD. THE PROPERTY INCLUDES A SPACIOUS 3/2 MAIN RESIDENCE AND 2 COTTAGES WITH A POOL. ALL UNITS ARE FULLY FURNISHED. THIS CAN BE A GREAT INCOME PRODUCING PROPERTY FROM DAY ONE. YOU CAN CHOOSE TO USE IT AS YOUR MAIN RESIDENCE AND RENT PART OR ALL OF IT VIA SHORT TERM OR LONG TERM RENTAL. YOULL HAVE MANY OPTION FOR IMMEDIATE CASH FLOW.

Details

Property type

Single Family Residence

Est. home value

$1,116,070

Lot size

Unknown

Price per sq ft

$565

Year built

1928

Annual property taxes

$9,847

Price History

08/08/2024
Beaches

Beaches #R10950664

Pending
$1,290,000
03/27/2024
Beaches

Beaches #R10950664

Price change
$1,290,000
-2.64%
01/16/2024
Beaches

Beaches #R10950664

Listed
$1,325,000
+572.59%

Schools & Community

Neighborhood: 

Old Northwood

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Clubhouse, Sidewalks, Tennis Court(s)

Number of units in community: 

2

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

Kiavi Funding Inc

Loan start date

May 2022

Original loan amount

$611,000

Est. remaining balance

Not provided

Interest rate

4.72%

Loan type

Commercial

Seller

1677 Dorsey Ave Llc

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
$1,449,000
4 bd
|
2.5 ba
|
2,038 sq ft
|
House

525 35th St, West Palm Beach, FL 33407

Beaches
$1,470,000
3 bd
|
2 ba
|
2,028 sq ft
|
House

208 34th St, West Palm Beach, FL 33407

Price drop
Beaches
$1,410,000
4 bd
|
3.5 ba
|
1,919 sq ft
|
House

411 26th St, West Palm Beach, FL 33407

Status: Pending/Under Contract

Tomo last checked: 10/04/2024 at 11:45 PM

Listing updated: 09/30/2024 at 5:03 PM

Listed by: Jose Deleon, Partnership Realty Inc. Phone #: (561) 355-0270

MLS: Beaches #R10950664

Beaches logo