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$425,000

Beds
1
Baths
1.5
sq ft
1,116

1620 S Ocean Blvd Unit 16, Pompano Beach, FL 33062

1620 S Ocean Blvd Unit 16

Lauderdale By The Sea, FL 33062

  • 46 days on market
    • Price drop $25,000↓
Welcome to your dream coastal getaway! This lovely 1 bedroom, 1.5 bathroom plus a den, condo is located in the sought-after Ocean Colony Condo in Fort Lauderdale. Inside, the condo features a bright, open floor plan with plenty of natural light. The spacious living area is perfect for relaxing or entertaining . The main bedroom is roomy, with a walkin closet. Ocean Colony offers fantastic amenities, including a pool, fitness center, and direct beach access. Washer and dryer inside the unit for a more convenient feel . This condo is in a prime location, close to great dining, shopping, and entertainment options. Whether you’re looking for a full-time home or a vacation retreat, this beachside condo is a perfect choice.

Details

Property type

Condominium

Est. home value

$442,795

Lot size

Unknown

Price per sq ft

$381

Year built

1971

Annual property taxes

$5,000

Monthly HOA fee

$992.67

Price History

12/03/2024
Beaches

Beaches #F10471298

Price change
$425,000
-5.56%
11/06/2024
Beaches

Beaches #F10471298

Listed
$450,000
-14.29%
06/04/2024
Beaches

Beaches #F10415637

Removed
$525,000

Schools & Community

Elementary school: 

Mcnab

Middle school: 

Pompano Beach

High school: 

Northeast

Community features: 

Gated

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

$178,129
Asking price
$425,000
Closing costs (~8% of asking)
-$34,000
Est. remaining loan balance
-$212,871
Cash to seller
$178,129

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

Seller’s Loan History

Lender

Rocket Mortgage Llc

Loan start date

March 2022

Original loan amount

$225,000

Est. remaining balance

$212,871

Interest rate

3.56%

Loan type

New Conventional, 30 year

Seller

Vincent Durante

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: 12/22/2024 at 9:40 AM

Listing updated: 12/10/2024 at 12:59 PM

Listed by: Jose Macias, Charles Rutenberg Realty FTL Phone #: (954) 396-3001

MLS: Beaches #F10471298

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