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$1,050,000

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

  • 140 days on market
Dreamy oceanfront condo - 10% financing is available, so don't miss this opportunity. It has its own dock to enjoy direct and uncomplicated access to the ocean for fishing, or go out on a boat ride with family and friends. In a serene community centrally located to restaurants and diverse locales for all types of interests. Whether you are looking for a permanent residence, a vacation getaway, or an investment property, this unit offers it all! Live the waterfront lifestyle you've always dreamed of. Motivated Seller.

Details

Property type

Condominium

Est. home value

$721,067

Lot size

Unknown

Price per sq ft

$870

Year built

1981

Annual property taxes

$12,266

Monthly HOA fee

$750

Price History

09/04/2024
SEF

SEF #A11648938

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

Beaches #F10322738

Sold
$715,000
+28.85%
08/26/2019
Beaches

Beaches #F10183026

Sold
$554,900
+23.31%

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

$454,036
Asking price
$1,050,000
Closing costs (~8% of asking)
-$84,000
Est. remaining loan balance
-$511,964
Cash to seller
$454,036

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

$511,964

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?

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Status: Active

Tomo last checked: 01/21/2025 at 11:55 PM

Listing updated: 01/09/2025 at 4:00 PM

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

MLS: SEF #A11648938

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