tomo logo

$565,000

Beds
2
Baths
2.0
sq ft
1,500

1201 River Reach Dr Unit 503, Fort Lauderdale, FL 33315

1201 River Reach Dr Unit 503

Fort Lauderdale, FL 33315

  • 6 days on market
Premier Location - Top Floor - Largest Model Available - Split floor Plan - 1500 sq ft leading to a HUGE balcony with sweeping city skyline & river views. Absolute turnkey condo. No expense spared. High end finishes and noticeable attention to detail. Classic tile thought-out. Chef's kitchen - Granite counters, SS appliances and wall mounted water faucet. Glass tile backsplash. Custom fixtures, switches, hardware and doors. Pass through. Ample storage. Remote window shades. Large master suite with custom built-out closet. Exquisite master bath w/ oversized shower/ Jacuzzi Tub. Garage/additional storage - NEW roof in 2024. NEW A/C - NEW impact, floor to ceiling, windows and doors. Community boat dockage up to 50' as available. Resort Style Amenities - Furniture NOT included but negotiable.

Details

Property type

Condominium

Est. home value

$445,524

Lot size

Unknown

Price per sq ft

$377

Year built

1981

Annual property taxes

$4,593

Monthly HOA fee

$1,364.67

Price History

01/16/2025
Beaches

Beaches #F10481280

Listed
$565,000
+78.8%
06/10/2019
Beaches

Beaches #F10171339

Sold
$316,000

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

$371,191
Asking price
$565,000
Closing costs (~8% of asking)
-$45,200
Est. remaining loan balance
-$148,609
Cash to seller
$371,191

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

Seller’s Loan History

Lender

Cornerstone Home Lending Inc

Loan start date

June 2019

Original loan amount

$166,000

Est. remaining balance

$148,609

Interest rate

4.2%

Loan type

New Conventional, 30 year

Seller

Patrick A Smith and Amber Vanburen

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: 01/21/2025 at 11:45 PM

Listing updated: 01/21/2025 at 8:20 PM

Listed by: Bill McGuire Wall, Charles Rutenberg Realty FTL Phone #: (954) 396-3001

MLS: Beaches #F10481280

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