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$145,000

Beds
2
Baths
2.0
sq ft
920

111 Lake Emerald Dr Unit 302, Oakland Park, FL 33309

111 Lake Emerald Dr Unit 302

Oakland Park, FL 33309

  • 165 days on market
    • Price drop $10,000↓
Excellent deal, lowest priced 2 bedroom, 2 bath unit in Emerald Lakes Community. Spacious unit with a good floor plan and a beautiful lake view. Gated community with resort-style amenities 3 swimming pools, tennis courts, outdoor BBQs, a walkway along the lake, and clubhouse with poolside cafe. No leasing 1st year of ownership and community has no reserves so buyers will need apply for a 25% down NON QM Loan, use Hard Money or Cash. This property may qualify for Seller Financing (Vendee). Seller has paid the major assessment of almost $70k, other small assessments must be assumed.

Details

Property type

Condominium

Est. home value

$196,987

Lot size

Unknown

Price per sq ft

$158

Year built

1981

Annual property taxes

$3,280

Monthly HOA fee

$635

Price History

12/02/2024
Beaches

Beaches #F10450346

Price change
$145,000
-6.45%
11/06/2024
Beaches

Beaches #F10450346

Price change
$155,000
-6.06%
10/29/2024
Beaches

Beaches #F10450346

Price change
$165,000
+40.43%

Schools & Community

Neighborhood: 

Lake Emerald

Elementary school: 

Oriole

Middle school: 

Lauderdale Lakes

High school: 

Boyd H. Anderson

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

-$5,795
Asking price
$145,000
Closing costs (~8% of asking)
-$11,600
Est. remaining loan balance
-$139,195
Cash to seller
-$5,795

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

Seller’s Loan History

Lender

Palm Beach First Financial & Mortgage Co

Loan start date

January 2019

Original loan amount

$155,000

Est. remaining balance

$139,195

Interest rate

4.81%

Loan type

VA, 30 year

Seller

Michael Velazquez

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: 12/22/2024 at 1:00 PM

Listing updated: 12/10/2024 at 12:50 PM

Listed by: Steve Modica, Real Estate Home Sales Inc Phone #: (954) 572-7777

MLS: Beaches #F10450346

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