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$407,765Estimated home value

Beds
2
Baths
2.0
sq ft
1,170

5600 N Flagler Drive Dr Unit 1510, West Palm Beach, FL 33407

5600 N Flagler Drive Dr Unit 1510

West Palm Beach, FL 33407

  • Off market
    • Price drop $5,000↓
Breathtaking views of the Intracoastal, Ocean and Palm Beach from this desirable South East corner unit. This exquisitely remodeled 2/2 has Venetian Plaster walls, Quartz countertops and large format tile throughout and new hurricane impact doors and windows. Amenities incl. a state of the art fitness center, waterfront pool, fishing dock, moorings, beach side BBQ, Tiki hut . 24Hour manned security gate. Palm Beach House has a game room with billiards and ping pong. Rentals are allowed right away. 1 pet up to 20 pounds. Cable TV,high speed internet and water are included in the monthly maintenance fee. New construction starting at $2,5 million is just down the street. Unit is fully furnished. Seller will pay pending assessments.

Details

Property type

Condominium

Est. home value

$407,765

Lot size

Unknown

Price per sq ft

$411

Year built

1978

Annual property taxes

$5,025

Monthly HOA fee

$1,200

Price History

07/19/2024
Beaches

Beaches #R10951838

Removed
$480,000
03/01/2024
Beaches

Beaches #R10951838

Price change
$480,000
-1.03%
02/18/2024
Beaches

Beaches #R10951838

Listed
$485,000

Schools & Community

Neighborhood: 

Northwood Harbor

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Park, Street Lights, Sidewalks, Tennis Court(s)

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

$386,469
Asking price
$480,000
Closing costs (~8% of asking)
-$38,400
Est. remaining loan balance
-$55,131
Cash to seller
$386,469

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

Seller’s Loan History

Lender

National City Mtg Services Co

Loan start date

May 2002

Original loan amount

$117,000

Est. remaining balance

$55,131

Interest rate

7.08%

Loan type

Not Provided, 30 year

Seller

Dean Olmstead Jr and Rojean Olmstead

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: Off Market

Tomo last checked: 10/05/2024 at 12:05 AM

Listing updated: 03/01/2024 at 2:06 PM

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

MLS: Beaches #R10951838

Beaches logo

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