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$5,500,000

Beds
5
Baths
5.0
sq ft
3,783

633/641 NE 6th Ave, Boynton Beach, FL 33435

633/641 NE 6th Ave

Boynton Beach, FL 33435

  • 138 days on market
Unlock the potential of 633 & 644 NE 6th Ave, two combined properties in the heart of Boynton Beach's central business district. Spanning .54 acres, this land is perfect for a high-rise development up to 15 floors, offering potential Intracoastal views from the 2nd floor and ocean views from the 5th floor. Zoned CBD for multi-family or commercial use, this site is ideal for luxury condos, boutique hotels, or offices. Currently featuring a 2772 SF home with pool and a 2530 SF duplex with income potential, the property is being sold as land. Located just steps from the Intracoastal Waterway and close to shopping, dining, parks, and less than 1 mile to the beach, with easy access to I-95. This is a unique chance to invest in a rapidly developing area with endless possibilities.

Details

Property type

Single Family Residence

Est. home value

$422,628

Lot size

0.54 acres

Price per sq ft

$1,454

Year built

1949

Annual property taxes

$4,588

Price History

06/02/2024
Beaches

Beaches #R10993220

Listed
$5,500,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Gene Moore

Loan start date

September 2002

Original loan amount

$50,000

Est. remaining balance

Not provided

Interest rate

8%

Loan type

Balloon

Seller

Khair Askar and Margaret Askar

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: 10/18/2024 at 8:25 AM

Listing updated: 10/01/2024 at 7:05 PM

Listed by: Dovi Ettedgui, The Corcoran Group Phone #: (561) 655-9081

MLS: Beaches #R10993220

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