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$399,000

Beds
2
Baths
1.0
sq ft
1,196

718 W Lakewood Rd, West Palm Beach, FL 33405

718 W Lakewood Rd

West Palm Beach, FL 33405

  • 8 days on market
This charming historic home sits on an oversized, fully fenced lot, offering exceptional privacy. With a little TLC, it has endless possibilities! Features include wood floors throughout, a spacious formal dining and living room, and a large enclosed patio ideal for an office or entertainment space. The backyard boasts a huge deck perfect for gatherings, mature trees, and ample room for a pool, making it a gardener's dream. Additional storage in the garage. Conveniently located near Palm Beach Isle, the beach, PBI Airport, train stations, downtown West Palm Beach, and I-95.

Details

Property type

Single Family Residence

Est. home value

$422,550

Property condition

Fixer

Lot size

7,500 sq ft

Price per sq ft

$334

Year built

1927

Annual property taxes

$6,298

HOA

Yes

Price History

12/14/2024
Beaches

Beaches #R11045167

Listed
$399,000
+115.68%
02/14/2017
Beaches

Beaches #R10293215

Sold
$185,000

Schools & Community

Neighborhood: 

Southwest

Elementary school: 

Palmetto (Miami Dade)

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights, Sidewalks

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

$248,964
Asking price
$399,000
Closing costs (~8% of asking)
-$31,920
Est. remaining loan balance
-$118,116
Cash to seller
$248,964

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

Seller’s Loan History

Lender

Palm Beach First Financial & Mortgage Co

Loan start date

May 2021

Original loan amount

$149,000

Est. remaining balance

$118,116

Interest rate

2.4%

Loan type

New Conventional, 15 year

Seller

Rachel Sargent

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: 12/22/2024 at 5:00 AM

Listing updated: 12/16/2024 at 12:35 PM

Listed by: Liz MacCall, A R E A Arise Real Estate Advisors Phone #: (561) 300-4073

MLS: Beaches #R11045167

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