511 55th St, West Palm Beach, FL, 33407

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511 55th St, West Palm Beach$650,000

Buyer Closing Credits

$7,719^*

1.25% Loan Amount

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1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence

Parking2+ Spaces

Year Built1955

HeatingCentral

CoolingCentral Air

WaterfrontNone

MLS #RX-10962143

StatusSale Pending
(Pending)

About 511 55th St

Fantastic opportunity to own a home in the heart of the historic area of West Palm Beach close to the beach and no HOA! Perfect for a small and growing family. This is a unique opportunity for an investor to acquire a strong cash flow asset with major value add opportunity. It can be a short term rental to provide income, AIRBNB, or a perfect investment opportunity. A beautiful growing area only 5 minutes to Palm Beach, excellent shopping, great dining and entertainment at Downtown City Place, Palm Beach Outlets, Northwood, minutes from I-95 and Florida's Turnpike! Pls hurry, this property would not be available long. Home needs a little TLC but it's move in ready for the perfect family.

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Property Details

Property Features

Property Information:

• Year Built: 1955
• Stories: 1
• Living Area: 1,500 SqFt

Listing Office:

• Office Name: EXP Realty, LLC
• Office Phone: (888) 883-8509
• Listing Agent: Terrenie Coleman

Interior Features

Interior Information:

• Appliances: Washer
• Flooring Type: Laminate, Tile
• Interior: Walk-in Closet

Bedroom and Bathroom Information:

• Full Bathrooms: 2
• Total Bedroom Count: 3

Exterior Features

Exterior Information:

• Private Pool: No
• Waterfront: None
• Exterior: None

Parking Information:

• Parking: 2+ Spaces

Utilities

Utilities Information:

• Heating: Central
• Cooling: Central Air

School Info

Assigned Schools Information:

• Palm Beach Lakes High School, Public Magnet Grades PK-12
• John F. Kennedy Middle School, Public Magnet Grades 6-8
• Northmore Elementary School, Public District Grades KG-5

Price Information

Listing Price Info

Price Summary:

• List Price: $650,000
• Price Per SqFt: $433/SqFt

Tax Information:

• Annual Amount: $3,544
• Tax Year: 2020

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Housing Market Comparison

See how this home compares to others in West Palm Beach, FL.

West Palm Beach, FL

City

Med. Sold Price

$382.9K

Med. Price/SqFt

$266

Avg. Days On Market

65

# of Sold Homes

284

511 55th St vs West Palm Beach

64 DAYS ON ROCKET

-1 Day

$650,000

+$267K More

$433/SqFt

+$167 More

KEY TAKEAWAY

This property is $267K more than the Median Sold Price and $167/SqFt more than other homes in West Palm Beach, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

• MLS Number: #RX-10962143

Listing Office:

• Office Name: EXP Realty, LLC
• Office Phone: (888) 883-8509
• Listing Agent: Terrenie Coleman

All listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc.

This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/27/2024, 5:25:16 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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Property Sales & Tax

Tax History

YEAR	PROP. TAX	ASSESSMENT
2020	$3,544	$178,140
2019	$3,151	$122,894
2018	$2,871	$111,722
2017	$2,555	$101,565

History based on county public records data.

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**Disclosures

Rocket Homes›Florida›Palm Beach County›West Palm Beach›33407›511 55th St

This home is located at 511 55th St in West Palm Beach, FL and zip code 33407 in the Northwood Harbor neighborhood. This 1,500 square foot home was built in 1955. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since February 22, 2024 and is currently priced at $650,000.

Over 21 listings were sold over their listed price in March 2024 in West Palm Beach, FL. In the same period over 220 listings were sold below the listed price and 43 listings were sold for the listed price. Between February 2024 and March 2024, West Palm Beach, FL real estate market has seen increase in the number of listings by 10.9%. The median list price of listings available in March 2024 was $382,914, while the average time on the real estate market was 65 days.

From Rocket Homes Real Estate and based on county public records data.