tomo logo

$365,000

Beds
1
Baths
1.0
sq ft
705

651 Okeechobee Blvd Unit 205, West Palm Beach, FL 33401

651 Okeechobee Blvd Unit 205

West Palm Beach, FL 33401

  • 124 days on market
    • Price drop $5,000↓
Beautiful recently renovated 1 bedroom, 1 bath condo in the prime location of West Palm Beach right in the heart of The Square. Just a step away from restaurants, bars, convention center, theater and shops. Unit is being sold as fully furnished. Great investor opportunity. Easy to rent. Min 30 days up to 12\year. This unit is equipped with many upgrades including new kitchen cabinets, countertop, stainless steel appliances and new bathroom with a walk-in shower.Washer\dryer in unit. Enjoy the luxury amenities offered by the building including a pool, hot tub and exercise room. Unit is tenant occupied until 7\15\2025 for $2,300\month

Details

Property type

Condominium

Est. home value

$390,018

Lot size

Unknown

Price per sq ft

$518

Year built

2001

Annual property taxes

$4,408

Monthly HOA fee

$727

Price History

07/09/2024
SEF

SEF #A11599860

Price change
$365,000
-1.35%
06/03/2024
SEF

SEF #A11599860

Listed
$370,000
+76.19%
11/01/2021
Beaches

Beaches #R10743686

Sold
$210,000

Schools & Community

Neighborhood: 

Downtown

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

$170,469
Asking price
$365,000
Closing costs (~8% of asking)
-$29,200
Est. remaining loan balance
-$165,331
Cash to seller
$170,469

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

Seller’s Loan History

Lender

A&D Mortgage Llc

Loan start date

September 2022

Original loan amount

$170,500

Est. remaining balance

$165,331

Interest rate

4.99%

Loan type

New Conventional, 30 year

Seller

Kevin Fatata

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: 10/05/2024 at 12:35 AM

Listing updated: 09/30/2024 at 5:40 PM

Listed by: Viktoria Bariska, Florida Capital Realty Phone #: (786) 953-5870

MLS: SEF #A11599860

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