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$449,000

Beds
2
Baths
2.0
sq ft
1,444

1601 S Ocean Dr Dr Unit 501, Hollywood, FL 33019

1601 S Ocean Dr Dr Unit 501

Hollywood, FL 33019

  • 134 days on market
    • Price drop $10,900↓
Very close to the beach, with easy access. Welcome to your new home at Cambridge Towers, a 55+ community. Beautiful and ample 2 bed, 2 bath apartment. Enjoy a spacious and light-filled living room. Remodeled kitchen with granite countertops, and plenty of cabinet space. Enjoy nice views of the ocean, beach, and intercostal from your private balcony. The master bedroom features a bathroom and a large walk-in closet. Newer Impact windows and AC. Private Washer and Dryer. The community includes a swimming pool, sauna, community room, 1 assigned parking space, and a bicycle storage room. The 50-year condo recertification has been completed, a new roof has been installed, and NO rent is allowed in the community.

Details

Property type

Condominium

Est. home value

$398,511

Lot size

Unknown

Price per sq ft

$311

Year built

1969

Annual property taxes

$3,860

Monthly HOA fee

$856

Price History

05/07/2024
SEF

SEF #A11550247

Price change
$449,000
-2.37%
04/12/2024
SEF

SEF #A11550247

Price change
$459,900
-2.13%
04/02/2024
SEF

SEF #A11550247

Price change
$469,900
-3.09%

Schools & Community

Neighborhood: 

South Central Beach

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Senior community center: 

Yes

Number of units in community: 

63

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

$236,005
Asking price
$449,000
Closing costs (~8% of asking)
-$35,920
Est. remaining loan balance
-$177,075
Cash to seller
$236,005

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

December 2018

Original loan amount

$195,000

Est. remaining balance

$177,075

Interest rate

4.94%

Loan type

New Conventional, 30 year

Seller

Marlon Minervino and Maria Lourdes Minervino

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: 07/25/2024 at 7:50 PM

Listing updated: 05/07/2024 at 9:05 PM

Listed by: Joel Rodriguez, Open Florida Realty, Inc. Phone #: (786) 479-9255

MLS: SEF #A11550247

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