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$355,675Estimated home value

Beds
2
Baths
2.0
sq ft
1,000

1501 S Ocean Blvd Unit 109, Pompano Beach, FL 33062

1501 S Ocean Blvd Unit 109

Lauderdale By The Sea, FL 33062

  • Sold On 9/30/2024
    • Price drop $6,000↓
Introducing this charming two-bedroom, two-bathroom condominium in Lauderdale by the Sea. Gardens by the Sea has just completed their concrete restoration and exterior painting, ready for you to enjoy! New tile flooring and fresh paint throughout, brand new impact windows, 2019 AC. This ground-floor unit offers convenient parking and direct pool access, similar to a villa. With the beach just steps away, it's a haven for coastal living enthusiasts. Plus, the option for immediate rental makes it an appealing investment opportunity. Can rent immediately, 30 day minimum lease 12 times per year. Don't miss out--schedule a viewing today and experience coastal living at its finest.

Details

Property type

Condominium

Est. home value

$355,675

Lot size

Unknown

Price per sq ft

$359

Year built

1973

Annual property taxes

$5,345

Monthly HOA fee

$800

Price History

09/30/2024
Beaches

Beaches #R10975581

Sold
$335,000
-6.69%
08/29/2024
Beaches

Beaches #R10975581

Pending
$359,000
07/25/2024
Beaches

Beaches #R10975581

Price change
$359,000
-1.64%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Clubhouse, Park

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

$183,918
Asking price
$359,000
Closing costs (~8% of asking)
-$28,720
Est. remaining loan balance
-$146,362
Cash to seller
$183,918

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

Seller’s Loan History

Lender

Luxury Mortgage Corp

Loan start date

June 2018

Original loan amount

$165,000

Est. remaining balance

$146,362

Interest rate

4.55%

Loan type

New Conventional, 30 year

Seller

Cheryl A Camillo and Christy A Ritacco

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: Off Market

Tomo last checked: 10/05/2024 at 9:45 PM

Listing updated: 09/30/2024 at 6:50 PM

Listed by: Tony Eckert, RPE Realty Phone #: (630) 452-5099

MLS: Beaches #R10975581

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