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$529,999

Beds
2
Baths
2.0
sq ft
1,386

1601 S Ocean Dr Dr Unit 704, Hollywood, FL 33019

1601 S Ocean Dr Dr Unit 704

Hollywood, FL 33019

  • 272 days on market
    • Price drop $19,001↓
WELCOME TO CAMBRIDGE TOWERS CONDO, GREAT CORNER UNIT 2/2 WITH BREATH TAKING VIEWS OF THE OCEA TO THE EAST, INTRACOASTAL ON THE WEST, CITY VIEWS SOUTH AND NORTH.....UNIT IS VERY WELL KEPT READY TO MOVE IN WITH LOTS OF WELL TOUGHT OF PARTICULAR, LIKE A TILED CEILING IN THE BATHROOMS AND BEAUTIFUL TILE DESIGN IN THE LEAVING ROOM. BUILDINNG VERY WELL KEPT, NEW DOORS AND WINDOWS IN PLACE, AS WELL AS A NEW ROOF IN THE PROCESS, 50 YRS CERTIFICATION COMPLETED. STEPS FROM THE HOLLYWWOD BEACH FAMOUS BROADWALK , EASY ACCESS TO HOLLYWOOD BEACH OR HALLANDALE BEACH BRIDGES, EASY COMMUTE TO GROCERY SHOPPING, RESTAURANT, MALL, GULFSTREAM CASINO AND MUCH MORE. 55+ COMMUNITY - NO RENTALS - 1 ASSIGNED PARK

Details

Property type

Condominium

Est. home value

$593,504

Lot size

Unknown

Price per sq ft

$383

Year built

1969

Annual property taxes

$3,705

Monthly HOA fee

$842

Price History

07/23/2024
SEF

SEF #A11481227

Price change
$529,999
-3.46%
03/08/2024
SEF

SEF #A11481227

Price change
$549,000
-4.52%
01/26/2024
SEF

SEF #A11481227

Price change
$575,000
-4.01%

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

$393,079
Asking price
$529,999
Closing costs (~8% of asking)
-$42,400
Est. remaining loan balance
-$94,520
Cash to seller
$393,079

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

Seller’s Loan History

Lender

Teachers Fcu

Loan start date

November 2021

Original loan amount

$100,000

Est. remaining balance

$94,520

Interest rate

3.05%

Loan type

New Conventional, 30 year

Seller

Vincent Salamone and Carmela Salamone

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 7:30 PM

Listing updated: 07/23/2024 at 2:00 PM

Listed by: Silvia Pedrinelli Masci, The Keyes Company Phone #: (305) 931-8920

MLS: SEF #A11481227

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