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$698,000

Beds
3
Baths
3.0
sq ft
1,235

1537 NE 5th Ave, Fort Lauderdale, FL 33304

1537 NE 5th Ave

Fort Lauderdale, FL 33304

  • <1 day on market
    • Price drop $100,000↓
    • Open house Mar 22
Amazing 2/2 renovated main home with newer roof and a new 2024 NEW CONSTRUCTION detached 1/1 guest house with over 900 sq ft and full kitchen, making the total living space of property over 2,100 sq ft. Middle River Terrace neighborhood, next to the Fort Lauderdale High School. All hurricane impact windows/doors, newly built composite deck in backyard perfect for entertaining guests. This property has no expense spared with quality updates and appliances. Stunning curb appeal with landscaping that is up-kept and has a tropical feel. Additional income opportunity with second unit - the main home is currently on Airbnb, earnings can be provided upon request to qualified buyers. Conveniently located near Las Olas, beaches, restaurants and walking distance to Wilton Manors Drive.

Details

Property type

Single Family Residence

Est. home value

$520,574

Lot size

6,748 sq ft

Price per sq ft

$566

Year built

1955

Annual property taxes

$6,484

Price History

03/17/2025
SEF

SEF #A11755038

Listed
$698,000
+99.43%
04/09/2020
Beaches

Beaches #F10216023

Sold
$350,000
+66.67%
09/26/2019
Beaches

Beaches #F10178549

Sold
$210,000

Schools & Community

Neighborhood: 

Middle River Terrace

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

$320,365
Asking price
$698,000
Closing costs (~8% of asking)
-$55,840
Est. remaining loan balance
-$321,795
Cash to seller
$320,365

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

Seller’s Loan History

Lender

Np Inc

Loan start date

January 2022

Original loan amount

$345,000

Est. remaining balance

$321,795

Interest rate

3.1%

Loan type

New Conventional, 30 year

Seller

Fernando Gomez

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: 03/17/2025 at 7:35 PM

Listing updated: 03/17/2025 at 3:05 PM

Listed by: David Baez, Keller Williams Elite Properties Phone #: (305) 931-2224

MLS: SEF #A11755038

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