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$525,000

Beds
2
Baths
2.0
sq ft
1,500

1101 River Reach Dr Unit 209, Fort Lauderdale, FL 33315

1101 River Reach Dr Unit 209

Fort Lauderdale, FL 33315

  • 62 days on market
    • Price drop $50,000↓
LARGEST CORNER FLOORPLAN IN RIVER REACH! Welcome to the Boater's Paradise of River Reach-a private gated island near Downtown Ft Lauderdale! This beautiful contemporary home features an open plan living area with impact windows, new custom blinds and tile floors throughout. Enjoy sunrise views and NE exposure from your oversize balcony. Beautifully appointed Primary Suite encompasses a spacious Bathroom featuring an oversize shower, separate vanity area and huge walk-in closet. The Guest Suite has separate Bathroom and walk in closet. Garage Parking Space Included. Island Amenities include: 24hr security, gym, 3 pools, 2 tennis courts, pickleball, libraries, community center. Dockage avail up to 50ft OAL/$3+per lin/ft/mth. This unit has an assigned garage parking space. Two pets allowed.

Details

Property type

Condominium

Est. home value

$502,992

Lot size

Unknown

Price per sq ft

$350

Year built

1982

Annual property taxes

$5,770

Monthly HOA fee

$1,199.33

Price History

11/05/2024
Beaches

Beaches #F10462301

Price change
$525,000
-8.7%
09/15/2024
Beaches

Beaches #F10462301

Listed
$575,000
+10.6%
03/02/2024
Beaches

Beaches #F10370265

Removed
$519,900

Schools & Community

Neighborhood: 

Tarpon River

Elementary school: 

Croissant Park

Middle school: 

New River

High school: 

Stranahan

Community features: 

Gated

Number of units in community: 

574

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

$324,776
Asking price
$525,000
Closing costs (~8% of asking)
-$42,000
Est. remaining loan balance
-$158,224
Cash to seller
$324,776

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

Seller’s Loan History

Lender

Philadelphia Fcu

Loan start date

April 2021

Original loan amount

$172,000

Est. remaining balance

$158,224

Interest rate

2.81%

Loan type

New Conventional, 30 year

Seller

Robert James Taylor

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: 11/16/2024 at 6:20 PM

Listing updated: 11/05/2024 at 1:14 PM

Listed by: Mandy Weightman, LoKation Phone #: (954) 545-5583

MLS: Beaches #F10462301

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