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$725,000

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

  • 50 days on market
    • Price drop $25,000↓
LUXURY DIRECT OCEANFONT BLDG ON THE SAND IN DESIRABLE POMPANO BEACH. NEXT TO WALDORF AND RITZ. THIS CORNER UNIT BOASTS EAST/NORTH & WEST EXPOSURE. REVEL IN THE MESMERIZING PANORAMIC VIEWS OF THE OCEAN & PRISTINE WHITE SANDY BEACH. ENJOY YOUR COFFEE ON YOUR EXTRA LARGE TERRACE with THE OCEAN SOUNDS & BREEZES. GLORIOUS SUNRISE & STUNNING SUNSETS. INTRACOASTAL VIEWS as well. UPDATED KITCHEN & BATHS, NEW STAINLESS APPLIANCES. IMPACT WINDOWS & DOORS. Desirable split floor plan, Approx.1800 sf to enjoy South Florida living at its best! 50 year recertification complete. 24-hour CONCIERGE, FITNESS CENTER, SAUNA, CLUBHOUSE ON THE OCEAN, CONFERENCE ROOM, BOCCE BALL, BILLIARD ROOM, BBQ GRILLS & more! PERFECTLY LOCATED NEAR SHOPS, OCEANFRONT DINING, PIER AND LAUDERDALE BY THE SEA. COME TAKE A LOOK.

Details

Property type

Condominium

Est. home value

$695,505

Lot size

Unknown

Price per sq ft

$408

Year built

1972

Annual property taxes

$15,947

Monthly HOA fee

$1,637

Price History

03/22/2025
Beaches

Beaches #F10487225

Price change
$725,000
-3.33%
03/11/2025
Beaches

Beaches #F10487225

Price change
$750,000
+0.01%
03/10/2025
Beaches

Beaches #F10487225

Removed
$749,900

Schools & Community

Neighborhood: 

Beach

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

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

$217,349
Asking price
$725,000
Closing costs (~8% of asking)
-$58,000
Est. remaining loan balance
-$449,651
Cash to seller
$217,349

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

$449,651

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: 04/05/2025 at 11:55 AM

Listing updated: 04/01/2025 at 2:06 PM

Listed by: Mariane Tamaz, Coldwell Banker Realty Phone #: (954) 527-5900

MLS: Beaches #F10487225

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