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$795,000

Beds
2
Baths
2.0
sq ft
1,781

1340 S Ocean Blvd Unit 1407, Pompano Beach, FL 33062

1340 S Ocean Blvd Unit 1407

Pompano Beach, FL 33062

  • 134 days on market
    • Price drop $4,900↓
READY TO MOVE-IN. STUNNING VIEWS FROM THIS HIGH FLOOR WRAP AROUND OCEAN FRONT CORNER RESIDENCE. DAY AND NIGHT, ENJOY SPLENDID SUNRISES, AMAZING SUNSETS AND MESMERIZING CITY LIGHTS. NICELY DESIGNED AND UPDATED INCLUDING HURRICANE IMPACT WINDOWS & DOORS. SPLIT BEDROOMS, LARGE COVERED PATIO. THE CLARIDGE BUILDING IS UNDERGOING A COMPLETE MODERN TRANSFORMATION, INCLUDING A CONTEMPORARY REDESIGN OF THE LOBBY, FITNESS CENTER AND A CHIC SOCIAL ROOM. RESORT STYLE AMENITIES. CONCRETE RESTAURATION & PAINT COMPLETED

Details

Property type

Condominium

Est. home value

$695,505

Lot size

Unknown

Price per sq ft

$447

Year built

1972

Annual property taxes

$14,716

Monthly HOA fee

$1,200

Price History

08/22/2024
Beaches

Beaches #F10438862

Price change
$795,000
-0.61%
07/19/2024
Beaches

Beaches #F10438862

Price change
$799,900
-8.06%
06/03/2024
Beaches

Beaches #F10438862

Removed
$870,000

Schools & Community

Neighborhood: 

Beach

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Number of units in community: 

198

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

$279,232
Asking price
$795,000
Closing costs (~8% of asking)
-$63,600
Est. remaining loan balance
-$452,168
Cash to seller
$279,232

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

February 2024

Original loan amount

$455,000

Est. remaining balance

$452,168

Interest rate

6.67%

Loan type

New Conventional, 30 year

Seller

Guillermo Ferrer and Lucina Ferrer

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 9:40 AM

Listing updated: 08/26/2024 at 1:23 PM

Listed by: Cliff Glansen, FlatFee.com Phone #: (954) 965-3990

MLS: Beaches #F10438862

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