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$695,000

Beds
3
Baths
2.5
sq ft
2,712

8878 Majorca Bay Dr, Lake Worth, FL 33467

8878 Majorca Bay Dr

Lake Worth, FL 33467

  • 183 days on market
    • Price drop $20,000↓
Indulge in your vibrant lifestyle within this charming Pamplona model 3-bedroom, 2.5-bathroom residence, featuring an outdoor oasis with a heated freeform rock-scape pool, nestled within one of Palm Beach County's most expansive and sought-after resort-style gated communities tailored for those aged 55+ per Forbes Magazine. With tile flooring spanning the home and plush carpeting in 1 bedroom, along with newly installed impact glass throughout, this residence offers both durability and comfort. The home sits on a nearly 1/3 acre beautifully landscaped corner lot with one of the largest driveways in the community that can comfortably fit 6 cars. Pass through the Mediterranean-style courtyard and newly installed front doors to enter the home and into the great room with its

Details

Property type

Single Family Residence

Est. home value

$726,623

Lot size

0.31 acres

Price per sq ft

$257

Year built

2003

Annual property taxes

$9,781

Monthly HOA fee

$717

Price History

09/03/2024
Beaches

Beaches #R10971379

Price change
$695,000
-2.8%
07/20/2024
Beaches

Beaches #R10971379

Price change
$715,000
-4.67%
06/12/2024
Beaches

Beaches #R10971379

Listed
$750,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Clubhouse, Gated, Sidewalks, Tennis Court(s)

Senior community center: 

Yes

Number of units in community: 

1153

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

$160,702
Asking price
$695,000
Closing costs (~8% of asking)
-$55,600
Est. remaining loan balance
-$478,698
Cash to seller
$160,702

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

Seller’s Loan History

Lender

Fairway Independent Mortgage Corp

Loan start date

March 2022

Original loan amount

$503,250

Est. remaining balance

$478,698

Interest rate

3.56%

Loan type

New Conventional, 30 year

Seller

Maria R Mayo and John C Mayo

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: 09/18/2024 at 9:15 PM

Listing updated: 09/03/2024 at 11:26 AM

Listed by: Gia Freer, PBP Real Estate LLC Phone #: (561) 395-8418

MLS: Beaches #R10971379

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