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$475,000

Beds
3
Baths
3.0
sq ft
1,600

555 Banyan Tree Ln Unit 11, Delray Beach, FL 33483

555 Banyan Tree Ln Unit 11

Delray Beach, FL 33483

  • 138 days on market
    • Price drop $24,000↓
SPECIAL OPPORTUNITY! PRIVATE FREE STANDING RESIDENCE IN BANYAN TREE! 3/3 HOME IS FULLY RENOVATED. NEW ROOF. NEW KITCHEN. NEW BATHROOMS. ASSOCIATION FEE COVERS MOST MAJOR LIVING COSTS INCLUDING EXTERIOR MAINTENANCE. CONVENIENT LOCATION TO SHOPPING, RESTAURANTS, BANKING & MORE. COMMUNITY POOL & CLUB ROOM.

Details

Property type

Condominium

Est. home value

$951,398

Lot size

Unknown

Price per sq ft

$297

Year built

1979

Annual property taxes

$6,055

Monthly HOA fee

$790

Price History

02/22/2025
Beaches

Beaches #R11037981

Price change
$475,000
-4.81%
01/31/2025
Beaches

Beaches #R11037981

Price change
$499,000
-4.95%
11/15/2024
Beaches

Beaches #R11037981

Listed
$525,000
-12.35%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Clubhouse, Street Lights

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

$151,272
Asking price
$475,000
Closing costs (~8% of asking)
-$38,000
Est. remaining loan balance
-$285,728
Cash to seller
$151,272

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

Seller’s Loan History

Lender

Quicken Loans Llc

Loan start date

June 2021

Original loan amount

$311,250

Est. remaining balance

$285,728

Interest rate

2.97%

Loan type

New Conventional, 30 year

Seller

Richard Bergida and Nadine Callon

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: 04/02/2025 at 5:25 PM

Listing updated: 03/05/2025 at 11:30 AM

Listed by: Linda Lake PA, The Corcoran Group Phone #: (561) 278-0433

MLS: Beaches #R11037981

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