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$625,000

Beds
5
Baths
2.0
sq ft
1,434

10551 Sunset Strip, Sunrise, FL 33322

10551 Sunset Strip

Sunrise, FL 33322

  • 263 days on market
No HOA. Current ROI: 7.0% (potential ROI: 8.3%). Great investment property. The property is rented for $4,402.00 USD/month to a Section 8 tenant (as of November 2024, the government portion is $2,826.00 USD, the tenant $1,576.00 USD). The rent may be increased to $5,085.00 USD (renewal date: December 31, 2024). The current management company can be facilitated. Please do not disturb the tenant or knock on the door!

Details

Property type

Single Family Residence

Est. home value

$493,212

Lot size

5,997 sq ft

Price per sq ft

$436

Year built

1975

Annual property taxes

$8,992

Price History

02/16/2024
SEF

SEF #A11532149

Listed
$625,000
+43.68%
11/09/2022
Beaches

Beaches #F10344348

Sold
$435,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$546,898
Asking price
$625,000
Closing costs (~8% of asking)
-$50,000
Est. remaining loan balance
-$28,102
Cash to seller
$546,898

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

Seller’s Loan History

Lender

Citibank Na

Loan start date

November 2012

Original loan amount

$117,244

Est. remaining balance

$28,102

Interest rate

2.69%

Loan type

New Conventional, 15 year

Seller

Patricia R Blepp

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: 11/05/2024 at 6:35 AM

Listing updated: 11/01/2024 at 11:20 AM

Listed by: Denise Haeussler Leatherbee, London Foster Realty Phone #: (305) 514-0100

MLS: SEF #A11532149

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