tomo logo

$7,250,000

Beds
4
Baths
4.5
sq ft
5,242

622 N Flagler Drive Dr Unit 201, West Palm Beach, FL 33401

622 N Flagler Drive Dr Unit 201

West Palm Beach, FL 33401

  • 319 days on market
    • Price drop $245,000↓
Lakefront Living with Dockage! Partially furnished as is. Enjoy being literally minutes to downtown restaurants, Clematis Street, The Green Market and The Royal Poinciana Plaza. Nearly 6,000 total square feet this 4 bedroom, 4.1 bath Watermark residence on the 2nd floor lives like a single family home. With natural light pouring in from every direction, balconies that afford dreamy views of yachts, palm trees and Palm Beach across the Intracoastal this will be your So Florida getaway whether for a seasonal visit or year round enjoyment. If you're looking for a home for your yacht, there is on site dockage just outside your door with 22 slips for vessels up to 100' in length.

Details

Property type

Condominium

Est. home value

$8,461,931

Lot size

Unknown

Price per sq ft

$1,384

Year built

2003

Annual property taxes

$156,780

Monthly HOA fee

$7,881

Price History

04/26/2024
Beaches

Beaches #R10932651

Price change
$7,250,000
-3.27%
03/06/2024
Beaches

Beaches #R10932651

Price change
$7,495,000
-5.72%
11/02/2023
Beaches

Beaches #R10932651

Listed
$7,950,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

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

$6,339,942
Asking price
$7,250,000
Closing costs (~8% of asking)
-$580,000
Est. remaining loan balance
-$330,058
Cash to seller
$6,339,942

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

Seller’s Loan History

Lender

Jpmorgan Chase Bank Na

Loan start date

June 2018

Original loan amount

$500,000

Est. remaining balance

$330,058

Interest rate

4.03%

Loan type

New Conventional, 15 year

Seller

Ralph Guild and Calla Guild

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: 09/16/2024 at 6:15 PM

Listing updated: 09/06/2024 at 12:57 AM

Listed by: Jim McCann, Premier Estate Properties, Inc Phone #: (561) 655-5505

MLS: Beaches #R10932651

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