tomo logo

$275,900

Beds
2
Baths
2.0
sq ft
1,170

5600 N Flagler Dr Unit 2802, West Palm Beach, FL 33407

5600 N Flagler Dr Unit 2802

West Palm Beach, FL 33407

  • 208 days on market
    • Price drop $23,100↓
Amazing investment opportunity! Seller has paid entire assessment. Updated, Fully furnished two-bedroom, two-bath condo offers beautiful city/sunset views from the 28th floor. Excellent Tenant currently occupying the unit pays $2600 per month. Featuring ceramic tile floors throughout. Newer Hot Water Heater. Accordion Shutters. Enjoy resort-style amenities, including a private beach exclusive to this building, a spacious balcony, and a washer/dryer in the unit. The complex also offers a saltwater heated pool, a state-of-the-art fitness center, tiki hut, and beachside barbecue area. Cable, high-speed internet, and water are included in monthly maintenance. Moor your boat in front of building.

Details

Property type

Condominium

Est. home value

$311,048

Lot size

Unknown

Price per sq ft

$236

Year built

1978

Annual property taxes

$4,156

Monthly HOA fee

$1,200

Price History

12/08/2024
Beaches

Beaches #R10990988

Price change
$275,900
-3.5%
11/12/2024
Beaches

Beaches #R10990988

Price change
$285,900
-3.38%
10/24/2024
Beaches

Beaches #R10990988

Price change
$295,900
-1.33%

Schools & Community

Neighborhood: 

Northwood Harbor

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Gated, Park, 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

$146,073
Asking price
$275,900
Closing costs (~8% of asking)
-$22,072
Est. remaining loan balance
-$107,755
Cash to seller
$146,073

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

Seller’s Loan History

Lender

Point Mortgage Corp

Loan start date

September 2020

Original loan amount

$118,650

Est. remaining balance

$107,755

Interest rate

2.96%

Loan type

New Conventional, 30 year

Seller

Michael Sclafani

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: 12/22/2024 at 10:20 AM

Listing updated: 12/11/2024 at 7:21 AM

Listed by: Marlene Frankel, Waterfront Realty Of The Palm Beaches Phone #: (917) 533-3270

MLS: Beaches #R10990988

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