203 Lakeland Drive, West Palm Beach, FL, 33405 | $1,190,000

12, 432 sq ft BUILDABLE lot zoned Multi Family 20-C1 - HIST on the corner of Washington Road and Lakeland Drive. Historic home (listing includes virtually enhanced photos) can be used as a duplex, 2 units: a studio and 2 bed 1 bath attached. As a single family: 3 beds, 2 baths. Live in one side and rent the other, or use both units. Needs AC, water heater, appliances, and lots of love. You can build on top up to 32', or build additional units (see Zoning Confirmation in Documents section), up to 5500 sq ft in total, including the duplex. One house in from the Intracoastal Waterway. Electric lines have been upgraded and moved underground. Excellent opportunity to own a one of a kind property on a huge buildable lot with endless possibilities! LOVE WHERE YOU LIVE!

Features

  • Amenities: Bike - Jog,Street Lights
  • Bedrooms: 3
  • Baths: 2 full
  • Style: < 4 Floors,Other Arch,Traditional
  • Development: CENTRAL PARK HISTORIC DISTRICT
  • Year Built: 1951
  • Heating: No Heat
  • Cooling: Ceiling Fan
  • Approx Sq. Feet: 0
  • Est. Taxes: $3,131
  • Lot Desc: 1/4 to 1/2 Acre,Corner Lot,East of US-1
  • View: Garden,Intracoastal
  • Pet Policy: Yes
  • MLS#: RX-10935293
  • Website: https://www.raveis.com
    /eprop/RX-10935293/203lakelanddrive_westpalmbeach_fl?source=qrflyer
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Listing courtesy of Coldwell Banker Realty

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

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To learn more about our credentials, visit raveis.com today.

Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

203 Lakeland Drive, West Palm Beach, FL, 33405

$1,190,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $952,000 $952,000 $952,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.625% 6.625% 6.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.282% 6.762% 6.036%
Monthly Tax Payment $261 $261 $261
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $6,096 $6,096 $8,359
Total Monthly Payment $6,482 $6,482 $8,745

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.