tomo logo

$499,000

Beds
1
Baths
1.0
sq ft
755

550 Okeechobee Blvd Unit 1714, West Palm Beach, FL 33401

550 Okeechobee Blvd Unit 1714

West Palm Beach, FL 33401

  • 22 days on market
Prime Location with Income Potential! City Place South Tower offers luxury living in a resort-style building with a comprehensive range of amenities: 24-hour concierge and doorman, valet service, infinity pool, fitness center, sauna, steam room, massage room, spa, and outdoor kitchen. *2024 AC* All these features are included in your HOA fee, which also covers exterior insurance, water, cable, and internet. Located just steps from City Place, the Kravis Center for the Performing Arts, the Brightline WPB station, and the Convention Center, this turn-key condo is ideal for various needs. Whether you're seeking extra space for family and friends, a reliable income-generating asset, or a conveniently located downtown condo near the beach, this property is the perfect choice.

Details

Property type

Condominium

Est. home value

$483,678

Lot size

Unknown

Price per sq ft

$661

Year built

2008

Annual property taxes

$6,840

Monthly HOA fee

$797

Price History

08/28/2024
Beaches

Beaches #R11016400

Listed
$499,000
+33.07%
12/20/2021
Beaches

Beaches #R10759428

Sold
$375,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Clubhouse, Gated, Park

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

$208,680
Asking price
$499,000
Closing costs (~8% of asking)
-$39,920
Est. remaining loan balance
-$250,400
Cash to seller
$208,680

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

Seller’s Loan History

Lender

Np Inc

Loan start date

March 2022

Original loan amount

$262,500

Est. remaining balance

$250,400

Interest rate

3.69%

Loan type

New Conventional, 30 year

Seller

Caroline Avery Kirby Madden

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: 09/19/2024 at 12:40 PM

Listing updated: 09/10/2024 at 10:56 AM

Listed by: Jake Falk, Echo Fine Properties Phone #: (561) 500-3246

MLS: Beaches #R11016400

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