tomo logo

$999,000

Beds
2
Baths
2.5
sq ft
1,208

1524 SE 12th St Unit 5, Fort Lauderdale, FL 33316

1524 SE 12th St Unit 5

Fort Lauderdale, FL 33316

  • 171 days on market
    • Price drop $51,000↓
    • Open house Mar 01
Welcome to this beautifully remodeled 2-story, ground floor access condo with 2 bed, 2.5 bath with a bright kitchen, separate laundry room, new electric fireplace, fully renovated bathrooms, new hurricane impact windows and doors, and a spacious master bedroom featuring a large walk-in closet. Dock up to a 35' boat in your own deeded dock with easy, quick ocean access (no fixed bridges) in 5 to 7 minutes. Most desirable neighborhood, walk to Lauderdale Yacht Club just a few steps away, walking distance to shops & restaurants on 17th Street. This is a quiet boutique complex with only 6 units and is the perfect location for avid boaters. Well maintained, passed 40-year inspection. Common areas and seawall updated within last 4 years.

Details

Property type

Condominium

Est. home value

$721,067

Lot size

Unknown

Price per sq ft

$827

Year built

1981

Annual property taxes

$12,266

Monthly HOA fee

$750

Price History

02/12/2025
SEF

SEF #A11648938

Price change
$999,000
-4.86%
09/04/2024
SEF

SEF #A11648938

Listed
$1,050,000
+46.85%
05/13/2022
Beaches

Beaches #F10322738

Sold
$715,000
+28.85%

Schools & Community

Neighborhood: 

Rio Vista

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

$407,922
Asking price
$999,000
Closing costs (~8% of asking)
-$79,920
Est. remaining loan balance
-$511,158
Cash to seller
$407,922

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

Seller’s Loan History

Lender

Fairway Independent Mortgage Corp

Loan start date

May 2022

Original loan amount

$536,250

Est. remaining balance

$511,158

Interest rate

4.42%

Loan type

New Conventional, 30 year

Seller

Michael Robert Lorigas

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?

Similar Homes Nearby

Beaches
$1,050,000
2 bd
|
2 ba
|
1,459 sq ft
|
Condo

1490 SE 15th St Unit 101, Fort Lauderdale, FL 33316

Beaches
$910,000
3 bd
|
2.5 ba
|
2,005 sq ft
|
Condo

1819 SE 17th St Unit 509, Fort Lauderdale, FL 33316

Price drop
Beaches
$850,000
3 bd
|
2.5 ba
|
1,804 sq ft
|
Townhouse

1106 SE 4th Ave, Fort Lauderdale, FL 33316

Status: Active

Tomo last checked: 02/22/2025 at 12:55 PM

Listing updated: 02/12/2025 at 2:20 PM

Listed by: Adriana Murgueitio, Realty One Group Evolution Phone #: (786) 477-4715

MLS: SEF #A11648938

SEF logo