tomo logo

$395,000

Beds
2
Baths
2.0
sq ft
1,250

1201 River Reach Dr Unit 506, Fort Lauderdale, FL 33315

1201 River Reach Dr Unit 506

Fort Lauderdale, FL 33315

  • 194 days on market
    • Price drop $50,000↓
MAJOR PRICE REDUCTION!! SENSATIONAL CITY SKYLINE VIEW OVERLOOKING POOL AND BOATS MOORED ALONG THE CANAL! CUSTOM KITCHEN OPEN TO SPACIOUS LIVING ROOM & DINING AREA WITH STAINLESS STEEL APPLIANCES, SEPARATE ICE MACHINE & GRANITE COUNTERS. HARDWOOD FLOORS, UPDATED BATHS WITH NEWER FIXTURES, TILE & VANITIES. THE 1201 BLDG HAS JUST HAD A MAJOR MAINTENANCE PROJECT WITH NEW IMPACT WINDOWS & DOORS, CONCRETE RESTORATION, NEW BALCONY RAILINGS, ETC. ALL CURRENT SPECIAL ASSESSMENTS FOR THE WORK HAS BEEN PAID BY SELLER INCLUDING A NEW ROOF ON THE BUILDING. GATED WATERFRONT PRIVATE ISLAND WITH 24 HR MANNED GUARDHOUSE, HEATED POOLS, TENNIS, GYM & KAYAK/PADDLEBOARD RACKS. 2 SMALL PETS -20 LBS PERMITTED, DOCKAGE TO 50' AS AVAILABLE. GREAT CENTRAL LOCATION CLOSE TO EVERYTHING!

Details

Property type

Condominium

Est. home value

$371,825

Lot size

Unknown

Price per sq ft

$316

Year built

1981

Annual property taxes

$3,653

Monthly HOA fee

$925

Price History

11/21/2024
Beaches

Beaches #F10445503

Price change
$395,000
-11.24%
06/11/2024
Beaches

Beaches #F10445503

Listed
$445,000
+78.71%
09/09/2015
Beaches

Beaches #F1351500

Sold
$249,000

Schools & Community

Neighborhood: 

Tarpon River

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$206,107
Asking price
$395,000
Closing costs (~8% of asking)
-$31,600
Est. remaining loan balance
-$157,293
Cash to seller
$206,107

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

Seller’s Loan History

Lender

Caliber Home Loans Inc

Loan start date

October 2016

Original loan amount

$191,250

Est. remaining balance

$157,293

Interest rate

3.44%

Loan type

New Conventional, 30 year

Seller

Guillermo F Vivas

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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Price drop
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$378,900
2 bd
|
2 ba
|
1,250 sq ft
|
Condo

1101 River Reach Dr Unit 206, Fort Lauderdale, FL 33315

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1201 River Reach Dr Unit 501, Fort Lauderdale, FL 33315

Status: Active

Tomo last checked: 12/22/2024 at 11:35 AM

Listing updated: 12/19/2024 at 3:10 PM

Listed by: Bob Gargano, Robert P. Gargano & Associates Phone #: (954) 462-5770

MLS: Beaches #F10445503

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