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$275,000

Beds
1
Baths
1.0
sq ft
736

1201 S Ocean Dr Unit 312S, Hollywood, FL 33019

1201 S Ocean Dr Unit 312S

Hollywood, FL 33019

  • 130 days on market
    • Price drop $24,000↓
MORE VALUE - JUST REDUCED! OWN A CONDO AT THE PRESTIGIOUS SUMMIT HOLLYWOOD BEACH FOR $275K! THIS IS A PERFECT INVESTMENT OR BEACH PAD GETAWAY PROPERTY. LARGE 1 BEDROOM WITH MODERN UPDATED LARGE BATHROOM WITH SEPARATE VANITY, WALK IN CLOSET, WASHER/ DRYER IN UNIT, AND HURRICANE IMPACT WINDOWS. GYM, SAUNA, WEIGHT ROOM AND PARKING SPACE ALL ON THE SAME FLOOR AS UNIT FOR EASY ACCESS AND HEALTHY LIVING. THE SUMMIT AMENITIES INCLUDE TWO HEATED POOLS, TWO TENNIS COURTS, RESTAURANT ON THE POOL DECK, COUNTRY CLUB LIFESTYLE, CARD ROOMS, GYM, SAUNA, PICKLEBALL, PUTTING GREEN, BASKETBALL COURT AND MANY SOCIAL ACTIVITIES. 10 MINUTES FROM FLL, AVENTURA AND GULFSTREAM. CURRENTLY RENTED UNTIL JUNE 30,2025

Details

Property type

Condominium

Est. home value

$307,458

Lot size

Unknown

Price per sq ft

$374

Year built

1982

Annual property taxes

$5,473

Monthly HOA fee

$872.33

Price History

06/05/2024
SEF

SEF #A11584615

Price change
$275,000
-8.03%
05/13/2024
SEF

SEF #A11584615

Listed
$299,000
+10.74%
05/24/2022
SEF

SEF #A11173140

Sold
$270,000

Schools & Community

Neighborhood: 

South Central Beach

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

$73,856
Asking price
$275,000
Closing costs (~8% of asking)
-$22,000
Est. remaining loan balance
-$179,144
Cash to seller
$73,856

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

Seller’s Loan History

Lender

Better Mortgage Corporation

Loan start date

May 2022

Original loan amount

$202,500

Est. remaining balance

$179,144

Interest rate

3.91%

Loan type

New Conventional, 15 year

Seller

Amir Prodensky and Rochelle Fainchtein

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: 09/20/2024 at 10:30 AM

Listing updated: 09/10/2024 at 5:08 PM

Listed by: Amy Greenberg, Summit Real Estate Brokerage Phone #: (949) 355-1611

MLS: SEF #A11584615

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