tomo logo

$530,000

Beds
3
Baths
2.0
sq ft
1,231

1220 NE 1st Ave, Fort Lauderdale, FL 33304

1220 NE 1st Ave

Fort Lauderdale, FL 33304

  • 2 days on market
    • Open house Jul 06
Check out this charming Fort Lauderdale home! Just walking distance from vibrant Las Olas, a couple miles from Fort Lauderdale Beach and 4 miles from the Fort Lauderdale Airport! This exquisitely renovated property boasts a cutting-edge kitchen adorned with stunning quartz countertops, elegant wood-look tile on all floors, and luxurious, chic bathrooms. The HVAC system is brand new as of 2024 and concrete pavers/turf were installed in 2023. Sellers have a flawless 4-point inspection from 2022 with 11 years remaining on roof. No HOA! Don't miss this opportunity for convenient city living in a freshly updated home! *Please note a discrepancy on the tax records listing it as a 2/0 with 1231 sqft, while the actual layout is a 3/2 with 1376 sqft. The current owners are unsure of the cause.*

Details

Property type

Single Family Residence

Est. home value

$500,127

Lot size

6,751 sq ft

Price per sq ft

$431

Year built

1953

Annual property taxes

$3,968

Price History

07/01/2024
SEF

SEF #A11615583

Listed
$530,000
+60.65%
12/07/2018
Beaches

Beaches #R10472330

Sold
$329,900

Schools & Community

Neighborhood: 

South Middle River

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights

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

$163,575
Asking price
$530,000
Closing costs (~8% of asking)
-$42,400
Est. remaining loan balance
-$324,025
Cash to seller
$163,575

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

Seller’s Loan History

Lender

Guaranteed Rate Inc

Loan start date

May 2022

Original loan amount

$336,300

Est. remaining balance

$324,025

Interest rate

4.16%

Loan type

New Conventional, 30 year

Seller

Ashley Yao and Julie Ann Yao

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: 07/03/2024 at 11:25 AM

Listing updated: 07/02/2024 at 3:09 PM

Listed by: Michael Blake Atlas, Coldwell Banker Realty Phone #: (954) 384-0099

MLS: SEF #A11615583

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