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$1,950,000

Beds
Unknown
sq ft
Unknown

607 NE 7th Ave, Delray Beach, FL 33483

607 NE 7th Ave

Delray Beach, FL 33483

  • 608 days on market
*DO NOT DISTURB TENANTS!Development Opportunity! Well maintained, one-story, 4-unit building for sale. Property features 4-units, with 7+/- parking spaces, fenced lot. Short distance from the beach and Atlantic Avenue. Lot size 70' x 135'. Building size 3,400 +/- SFOPTION TO REDEVELOP into single family home, 2 Units OR Short Term Rentals. New construction, the R-1-A zoning for setbacks would apply.

Details

Property type

Lot size

9,504 sq ft

Price per sq ft

Unknown

Year built

Unknown

Annual property taxes

$20,068

Price History

03/28/2023
Beaches

Beaches #R10877092

Listed
$1,950,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Carver; G.W.

High school: 

Atlantic Technical

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

$1,368,195
Asking price
$1,950,000
Closing costs (~8% of asking)
-$156,000
Est. remaining loan balance
-$425,805
Cash to seller
$1,368,195

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

Seller’s Loan History

Lender

Seacoast National Bank

Loan start date

June 2021

Original loan amount

$460,000

Est. remaining balance

$425,805

Interest rate

2.97%

Loan type

New Conventional, 30 year

Seller

Hilary Wyburn and Kathryn B Ross

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: 11/25/2024 at 5:50 AM

Listing updated: 09/30/2024 at 5:32 PM

Listed by: Ingrid Kennemer, Coastal Commercial Group, LLC Phone #: (561) 441-0967

MLS: Beaches #R10877092

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