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$1,199,000

Beds
3
Baths
3.0
sq ft
1,958

1316 NE 16th Ter, Fort Lauderdale, FL 33304

1316 NE 16th Ter

Fort Lauderdale, FL 33304

  • 7 days on market
    • Price drop $800,000↓
Multi Family with a true double lot, only 3 streets with RC15 zoning in Poinsettia-4 total units possible. Currently a two unit - 2/2 on south side. This property offers incredible potential new construction of 2 multi million dollar homes. With the right vision, it could become a standout investment or a personalized dream home.

Details

Property type

Single Family Residence

Est. home value

$916,654

Lot size

0.31 acres

Price per sq ft

$613

Year built

1951

Annual property taxes

$16,036

Price History

09/18/2024
SEF

SEF #A11658295

Price change
$1,199,000
-40.02%
09/17/2024
SEF

SEF #A11658295

Removed
$1,999,000
09/12/2024
SEF

SEF #A11658295

Listed
$1,999,000
+159.61%

Schools & Community

Neighborhood: 

Poinsettia Heights

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

$558,657
Asking price
$1,199,000
Closing costs (~8% of asking)
-$95,920
Est. remaining loan balance
-$544,423
Cash to seller
$558,657

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

Seller’s Loan History

Lender

Sprout Mortgage Llc

Loan start date

December 2021

Original loan amount

$577,500

Est. remaining balance

$544,423

Interest rate

2.98%

Loan type

New Conventional, 30 year

Seller

Nicole Suarez

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: 09/19/2024 at 12:40 PM

Listing updated: 09/18/2024 at 5:07 PM

Listed by: Antonio Yunez, Fortune Christie's International Real Estate Phone #: (305) 400-6393

MLS: SEF #A11658295

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