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$1,300,000

Beds
3
Baths
2.0
sq ft
1,734

101 Ocean Lane Dr Unit 1017, Key Biscayne, FL 33149

101 Ocean Lane Dr Unit 1017

Key Biscayne, FL 33149

  • 130 days on market
Located on the first floor of the most landscaped apt complex in Key Biscayne. A corner unit with spacious floor plan featuring a living-dining-kitchen area relating to a Lanai on a secluded cove & waterfall. Recently renovated. The floor is covered with imitation wood vinyl. The bathrooms have new vanities, showers, & a bidet. Ample closets throughout, some with Krosswood doors & Mortise locks. A gated four-story community with security guards, 2 pools, a hot tub, rec room, gym, beautifully paved footpaths. Exclusive access to a residents-only beach area, local shops, parks, restaurants, schools, houses of worship of different denominations & a community center all within walking distance. A Tennis Center & a Golf Course are very close. Free transportation service all around the island.

Details

Property type

Condominium

Est. home value

$1,219,469

Property condition

Updated/Remodeled

Lot size

Unknown

Price per sq ft

$750

Year built

1982

Annual property taxes

$5,181

Monthly HOA fee

$1,334

Price History

09/13/2024
SEF

SEF #A11615123

Price change
$1,300,000
+4%
07/31/2024
SEF

SEF #A11615123

Price change
$1,250,000
-3.85%
06/28/2024
SEF

SEF #A11615123

Listed
$1,300,000

Schools & Community

Elementary school: 

Keybiscayne

Middle school: 

Ponce De Leon

High school: 

Coral Gables

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Liberty Home Equity Solutions Inc

Loan start date

June 2013

Original loan amount

$855,000

Est. remaining balance

Not provided

Interest rate

3.4%

Loan type

Reverse Mortgage (Home Equity Conversion Mortgage)

Seller

Wilfredo Borroto and Marilyn Borroto

Lender

Liberty Home Equity Solutions Inc

Loan start date

June 2013

Original loan amount

$855,000

Est. remaining balance

Not provided

Interest rate

3.4%

Loan type

Reverse Mortgage (Home Equity Conversion Mortgage)

Seller

Wilfredo Borroto and Marilyn Borroto

Lender

Peninsula Mortgage Bankers Cor

Loan start date

January 1998

Original loan amount

$198,000

Est. remaining balance

Not provided

Interest rate

7.17%

Loan type

New Conventional

Seller

Wilfredo Borroto

Lender

Peninsula Mortgage Bankers Cor

Loan start date

January 1998

Original loan amount

$198,000

Est. remaining balance

Not provided

Interest rate

7.17%

Loan type

New Conventional

Seller

Wilfredo Borroto

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?

Status: Active

Tomo last checked: 11/04/2024 at 11:30 PM

Listing updated: 09/30/2024 at 4:49 PM

Listed by: Marilyn Borroto, BHHS EWM Realty Phone #: (305) 361-5600

MLS: SEF #A11615123

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