501 Colonial Rd, West Palm Beach, FL, 33405

Location

Get An Agent. Get A Mortgage.

Let Us Help You Buy A Home And Save BIG

Save BIG.

501 Colonial Rd, West Palm Beach$1,599,000

Buyer Closing Credits

$10,000^*

1.25% Loan Amount

Sell Your Home And Save More

Connect With An Agent

Still Have Questions? Contact Us.

1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence

Parking2+ Spaces

Year Built1926

HeatingCentral

CoolingCentral Air

WaterfrontNone

Private PoolYes

MLS #RX-11031171

StatusActive

About 501 Colonial Rd

Restored quarter acre estate (1926) Full ''down to the studs'' reno 2019. Includes impact windows and doors all new wiring, electrical fixtures, panel, plumbing, plumbing fixtures, AC units. Shows as new. Consists of 4 Bed and 3 full bathrooms. Main house 3 Bed, 1 bath, cottage 1 Bed and 1 bath, and an entertainment area 1 full bath and laundry room with storage & another small building used as a workshop with electric and AC. Private fully fenced compound. Currently rented. Sold furnished, turn key. 7 minutes to PBI Airport , 8 Minutes to downtown. The option to do subject to or assign loan of 4.25 is possible for a portion of your purchase loan. Excellent Air BnB, may have Air BnB at time of showing. Call to discuss.

View More

Property Details

Property Features

Property Information:

• Architectural Style: Key West
• Year Built: 1926
• Stories: 1
• Living Area: 1,962 SqFt

Listing Office:

• Office Name: United Realty Group, Inc
• Office Phone: (561) 235-2127
• Listing Agent: Keith Lewis

Interior Features

Interior Information:

• Appliances: None
• Flooring Type: Ceramic Tile, Laminate, Wood Floor
• Interior: Bar

Bedroom and Bathroom Information:

• Full Bathrooms: 3
• Total Bedroom Count: 4

Exterior Features

Exterior Information:

• Private Pool: Yes
• Waterfront: None
• Exterior: Built-in Grill, Custom Lighting, Extra Building, Fence, Open Patio, Utility Barn

Parking Information:

• Parking: 2+ Spaces

Virtual/3D Tour

• Virtual Tour: 501 Colonial Rd

Virtual Tour

Utilities

Utilities Information:

• Heating: Central
• Cooling: Central Air

Other

Directions Information:

• Directions: From I 95 go to Southern Blvd. Go East to Dixie, Turn Right, Go to Colonial, Turn Rt, Go 1 block

Price Information

Listing Price Info

Price Summary:

• List Price: $1,599,000
• Price Per SqFt: $815/SqFt

Tax Information:

• Annual Amount: $3,984
• Tax Year: 2020

What can I afford?

Understand what home price range makes sense for your budget.

See What I Can Afford

Housing Market Comparison

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

West Palm Beach, FL

City

Med. Sold Price

$395.6K

Med. Price/SqFt

$272

Avg. Days On Market

72

# of Sold Homes

196

501 Colonial Rd vs West Palm Beach

21 DAYS ON ROCKET

-51 Days

$1,599,000

+$1.2M More

$815/SqFt

+$542 More

KEY TAKEAWAY

This property is $1.2M more than the Median Sold Price and $542/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-11031171

Listing Office:

• Office Name: United Realty Group, Inc
• Office Phone: (561) 235-2127
• Listing Agent: Keith Lewis

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: 11/14/2024, 9:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

View More

Property Sales & Tax

Listing History

DATE	EVENT	PRICE
Jun 20, 2019	Jun 20, 2019Home Sold	$235,000

Tax History

YEAR	PROP. TAX	ASSESSMENT
2020	$3,984	$198,517
2019	$1,852	$100,638
2018	$1,669	$98,762
2017	$1,589	$96,731

History based on county public records data.

Payment Calculator

Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.

$8,048

Per Month

Principal & Interest

$7,981

Home Price

Home PriceThe dollar amount you pay for the home.

$

Interest Rate

Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.

%

Down Payment

Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.

$Down PaymentPercent%

Loan Term

Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.

30 year25 year20 year15 year10 year

Property Taxes

$0

Annual Cost

Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.

$/ Year

Mortgage Insurance

$0

Monthly Premium

Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.

$/ Month

Homeowners Insurance

$67

Monthly Premium

Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.

$/ Month

Homeowners Association (HOA)

$0

Monthly Fees

Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.

$/ Month

Utilities

$0

Monthly Cost

Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.

$/ Month

*Disclosures

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,860

See More Options

Connect With A Banker

Powered By

Advertisement

NMLS#3030

**Disclosures

Rocket Homes›Florida›Palm Beach County›West Palm Beach›33405›501 Colonial Rd

This home is located at 501 Colonial Rd in West Palm Beach, FL and zip code 33405 in the Southside neighborhood. This 1,962 square foot home was built in 1926. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since October 24, 2024 and is currently priced at $1,599,000.

In October 2024, from all listings sold in West Palm Beach, FL there were more than 16 sold above asking price, over 153 sold below and more than 27 were sold right at the asked price. The number of homes for sale in West Palm Beach, FL increased by 7.1% between September 2024 and October 2024. Listings spent 72 days on the market in October 2024, and had a median list price of $395,666 during the same period.

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