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$570,000

Beds
2
Baths
2.0
sq ft
1,250

1101 River Reach Dr Unit 302, Fort Lauderdale, FL 33315

1101 River Reach Dr Unit 302

Fort Lauderdale, FL 33315

  • 106 days on market
    • Price drop $5,000↓
Discover luxury living in East Fort Lauderdale! This 2-bed, 2-bath condo features a kitchen with stainless steel appliances, perfect for entertaining. Enjoy convenience near the airport and beaches, with 24/7 security in a gated community offering tennis courts, BBQ area, and pool. Stunning views overlook the waterway and pool, with ocean access and no fixed bridges. It's a turnkey retreat for relaxation and investment, rentable for 180 days annually.

Details

Property type

Condominium

Est. home value

$338,202

Lot size

Unknown

Price per sq ft

$456

Year built

1982

Annual property taxes

$3,687

Monthly HOA fee

$999.33

Price History

05/06/2024
Beaches

Beaches #F10429869

Price change
$570,000
-0.87%
03/19/2024
Beaches

Beaches #F10429869

Listed
$575,000
+150%
09/16/2021
Beaches

Beaches #F10265934

Sold
$230,000

Schools & Community

Neighborhood: 

Tarpon River

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

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

$329,993
Asking price
$570,000
Closing costs (~8% of asking)
-$45,600
Est. remaining loan balance
-$194,407
Cash to seller
$329,993

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

Seller’s Loan History

Lender

The Mortgage Firm Inc

Loan start date

September 2021

Original loan amount

$207,000

Est. remaining balance

$194,407

Interest rate

2.8%

Loan type

New Conventional, 30 year

Seller

Jorge Michael Velez

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: 07/03/2024 at 12:10 PM

Listing updated: 05/06/2024 at 10:40 AM

Listed by: Ricky Ballester, Dwelling Property Management LLC Phone #: (954) 789-4776

MLS: Beaches #F10429869

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