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$2,800,000

Beds
4
Baths
3.5
sq ft
2,783

5801 S Olive Ave, West Palm Beach, FL 33405

5801 S Olive Ave

West Palm Beach, FL 33405

  • 110 days on market
    • Price drop $175,000↓
Discover the charm and elegance of this exquisite Mediterranean home, a true gem nestled in one of West Palm Beach's most desirable neighborhoods. Built in 1926 and meticulously renovated in 2022, this residence offers a seamless blend of historic allure and modern sophistication. Thoughtfully designed interiors that radiate both comfort and style, the home featuresinviting living spaces, spacious and beautifully appointed rooms with exquisite architectural details, and abundant natural light. Brand new landscaping and heated pool allow for endless outdoor entertaining. One block from the Intracoastal waterway, this home is not to be missed.

Details

Property type

Single Family Residence

Est. home value

$1,545,805

Lot size

7,336 sq ft

Price per sq ft

$1,007

Year built

1926

Annual property taxes

$20,242

Price History

12/10/2024
Beaches

Beaches #R11017679

Price change
$2,800,000
-5.88%
09/03/2024
Beaches

Beaches #R11017679

Listed
$2,975,000
+200.51%
04/29/2021
Beaches

Beaches #F10271725

Sold
$990,000
+40.83%

Schools & Community

Neighborhood: 

South Side

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$1,637,138
Asking price
$2,800,000
Closing costs (~8% of asking)
-$224,000
Est. remaining loan balance
-$938,862
Cash to seller
$1,637,138

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

Seller’s Loan History

Lender

Rocket Mortgage Llc

Loan start date

May 2022

Original loan amount

$980,000

Est. remaining balance

$938,862

Interest rate

4.67%

Loan type

New Conventional, 30 year

Seller

Ginger Babb and Maghan Mcdowell

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: 12/22/2024 at 2:35 PM

Listing updated: 12/11/2024 at 3:55 PM

Listed by: Elizabeth Lary, Dodge Real Estate Corp Phone #: (561) 307-0925

MLS: Beaches #R11017679

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