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$319,000

Beds
2
Baths
2.0
sq ft
1,348

5550 Witney Dr Unit 310, Delray Beach, FL 33484

5550 Witney Dr Unit 310

Delray Beach, FL 33484

  • 28 days on market
This gorgeous lakefront 2-bedroom 2 bath condo is back on market. Unit comes equipped with all furniture/rugs, television and decor pillows you see except the 2 tall lamps in living and dining area. Unit is located on the third-floor, a short distance from the newly renovated elevator. The 709.00 per month maintenance fee includes cable, internet, water, trash, exterior maintenance, building insurance, manager on site, landscaping and access to all amenities. Brand new water heater just installed with 6 year warranty for new buyer. This building has FULLY FUNDED reserves, roof 2021 and there are no current or upcoming special assessments. Lakes of Delray is a desirable very active guard gated, senior living community. So many clubs and events --even throughout summer.

Details

Property type

Condominium

Est. home value

$279,590

Lot size

Unknown

Price per sq ft

$237

Year built

1988

Annual property taxes

$248

Monthly HOA fee

$709

Price History

06/27/2024
Beaches

Beaches #R10994592

Listed
$319,000
06/18/2024
Beaches

Beaches #R10994592

Pending
$319,000
06/08/2024
Beaches

Beaches #R10994592

Listed
$319,000
+46.33%

Schools & Community

Neighborhood: 

Kings Point

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Clubhouse, Gated, Street Lights, Tennis Court(s)

Senior community center: 

Yes

Number of units in community: 

1408

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

$111,916
Asking price
$319,000
Closing costs (~8% of asking)
-$25,520
Est. remaining loan balance
-$181,564
Cash to seller
$111,916

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

Seller’s Loan History

Lender

Northeast Equitable Mortgage Llc

Loan start date

January 2022

Original loan amount

$191,250

Est. remaining balance

$181,564

Interest rate

3.11%

Loan type

New Conventional, 30 year

Seller

Thomas Michael Fennen

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?

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Status: Active

Tomo last checked: 07/06/2024 at 4:00 AM

Listing updated: 07/02/2024 at 9:43 AM

Listed by: Heather Weiss, Re/Max Direct Phone #: (561) 880-2600

MLS: Beaches #R10994592

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