tomo logo

$1,649,999

Beds
5
Baths
3.5
sq ft
2,732

7058 SW Wedelia Ter, Palm City, FL 34990

7058 SW Wedelia Ter

Palm City, FL 34990

  • 62 days on market
    • Price drop $50,000↓
THIS IS THE MOST DYNAMIC 5 ACRE PROPERTY ON THE MARKET, with unlimited possibilities! BRAND NEW 2024 70' x 72' steel, hurricane impact building-5,040 square feet with independent underground electric service, 24 foot ceiling climate controlled WAREHOUSE/garage/building is perfectly suited for operating your business at your home, hosting events, car collections(motorhome), and so much more! No detail was overlooked, built so it can facilitate an elevated second story office or studio, roughed in for a full bath, AC's already in place and operational. This property would also be perfect for MULTI-GENERATIONAL living, with a beautiful 3/3 main home with large flex space, and 2 separate additional living quarters (2/1 &1/1), could also be additional income, or workforce housing.

Details

Property type

Single Family Residence

Est. home value

$1,070,693

Lot size

4.71 acres

Price per sq ft

$604

Year built

1989

Annual property taxes

$13,416

Price History

11/14/2024
Beaches

Beaches #R11023017

Price change
$1,649,999
-2.94%
09/22/2024
Beaches

Beaches #R11023017

Listed
$1,699,999
+112.53%
12/16/2021
Beaches

Beaches #R10753903

Sold
$799,888

Schools & Community

Elementary school: 

Citrus Grove (Miami-Dade)

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

$968,976
Asking price
$1,649,999
Closing costs (~8% of asking)
-$132,000
Est. remaining loan balance
-$549,023
Cash to seller
$968,976

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

Seller’s Loan History

Lender

Trustco Bank

Loan start date

December 2021

Original loan amount

$584,888

Est. remaining balance

$549,023

Interest rate

3.14%

Loan type

New Conventional, 30 year

Seller

Harry J Honan and Judith S Honan

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: 11/23/2024 at 12:05 PM

Listing updated: 11/14/2024 at 7:25 AM

Listed by: Liz Smithson, Keller Williams Realty Jupiter Phone #: (561) 427-6100

MLS: Beaches #R11023017

Beaches logo

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