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$1,600,000

Beds
4
Baths
2.5
sq ft
2,940

8407 5th St S, West Palm Beach, FL 33411

8407 5th St S

West Palm Beach, FL 33411

  • 26 days on market
Incredible opportunity to own a gated 2.5 acre property (no HOA; Magnet Schools nearby), embraced by a 100,000 sf very tranquil private lake (180 water view) with stocked bass and lots of wildlife (Otters, Storks, Turtles, etc.)- just minutes from downtown, PBI Airport and the Polo Center.The expansive floor plan with all natural wood flooring (can upgrade to 5 BR / 4 BA), soaring high ceilings as well as a gigantic kitchen & living area is destined to host and entertain. Take advantage of existing Professional Design Plans to open up the floor plan and remodel bathrooms or use our services to create your own. The backyard (remodeled in 2021) offers a heated salt water pool with infinity deck, lounge area and outdoor kitchen. The house has an extra large driveway and a 2-car garage.

Details

Property type

Single Family Residence

Est. home value

$1,055,567

Lot size

2.5 acres

Price per sq ft

$545

Year built

1989

Annual property taxes

$7,034

Price History

11/27/2024
Beaches

Beaches #R11040701

Listed
$1,600,000
-5.88%
01/06/2024
Beaches

Beaches #R10767871

Removed
$1,700,000
01/05/2022
Beaches

Beaches #R10767871

Listed
$1,700,000
+265.59%

Schools & Community

Elementary school: 

Everglades (Broward)

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

$1,164,498
Asking price
$1,600,000
Closing costs (~8% of asking)
-$128,000
Est. remaining loan balance
-$307,502
Cash to seller
$1,164,498

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

Seller’s Loan History

Lender

Loandepot.Com Llc

Loan start date

December 2021

Original loan amount

$366,000

Est. remaining balance

$307,502

Interest rate

2.37%

Loan type

New Conventional, 16 year

Seller

Bradley Brooks

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 8:00 PM

Listing updated: 12/11/2024 at 9:45 AM

Listed by: Max Stalinski, Keller Williams Coastal Partners Phone #: (561) 209-2500

MLS: Beaches #R11040701

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