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$499,000

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

  • 74 days on market
    • Price drop $50,000↓
Exciting News! Major Price Drop Alert! ?? We've just slashed  $50,000 off the price of this stunning condo! Now listed at an irresistible $499,000! With a highly motivated seller, this incredible opportunity won't last long. Act fast and make this dream home yours today! ??? 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

$400

Year built

1982

Annual property taxes

$3,688

Monthly HOA fee

$1,199.33

Price History

10/11/2024
SEF

SEF #A11673743

Price change
$499,000
-9.11%
10/09/2024
SEF

SEF #A11673743

Listed
$549,000
10/07/2024
Beaches

Beaches #F10429869

Removed
$549,000

Schools & Community

Neighborhood: 

Tarpon River

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

$267,069
Asking price
$499,000
Closing costs (~8% of asking)
-$39,920
Est. remaining loan balance
-$192,011
Cash to seller
$267,069

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

$192,011

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: 12/22/2024 at 3:30 PM

Listing updated: 10/11/2024 at 1:23 PM

Listed by: Ricardo Ballester, Oppenheim Realty Phone #: (786) 862-5868

MLS: SEF #A11673743

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