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$1,320,000

Beds
4
Baths
3.0
sq ft
1,678

1733 SW 5th Pl, Fort Lauderdale, FL 33312

1733 SW 5th Pl

Fort Lauderdale, FL 33312

  • 90 days on market
Renovated Waterfront Oasis w/ Private Boat Dock w/ ocean access offers exceptional versatility! Home is 5 mi. to both Los Olas Beach & FLL Airport. This modern 4-bedroom, 3-bathroom pool home boasts 2-car garage & spacious living areas, ideal for both luxurious living and short-term rentals. Skylights in the kitchen & master bathroom enhance the warm, inviting ambiance. Can function as a beautiful single-family home or be divided into three separate suites, each w/ its own private entrance and bathroom. Master suite includes a full kitchen, while the two additional units have kitchenettes. Property currently generates ~$90k in gross income v. ~$41k in recurring expenses from vacation rentals, per Owner. 100% impact windows/doors, new appliances, abundant natural sunlight, EASY TO SHOW!

Details

Property type

Single Family Residence

Est. home value

$795,640

Property condition

Updated/Remodeled

Lot size

0.23 acres

Price per sq ft

$787

Year built

1972

Annual property taxes

$10,520

Price History

08/12/2024
SEF

SEF #A11641846

Listed
$1,320,000
06/30/2024
SEF

SEF #A11559937

Removed
$1,320,000
03/29/2024
SEF

SEF #A11559937

Listed
$1,320,000
+183.87%

Schools & Community

Neighborhood: 

Riverside Park

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

$812,434
Asking price
$1,320,000
Closing costs (~8% of asking)
-$105,600
Est. remaining loan balance
-$401,966
Cash to seller
$812,434

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

Seller’s Loan History

Lender

Caliber Home Loans Inc

Loan start date

May 2020

Original loan amount

$441,750

Est. remaining balance

$401,966

Interest rate

3.5%

Loan type

New Conventional, 30 year

Seller

Juan Leigh Meyer and Kip Matthew Desormeaux

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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1116 SW 8th Ter Unit 0, Fort Lauderdale, FL 33315

Status: Active

Tomo last checked: 11/10/2024 at 9:00 AM

Listing updated: 10/15/2024 at 9:10 AM

Listed by: Harold Blake LLC, Wolsen Real Estate Inc Phone #: (305) 333-4555

MLS: SEF #A11641846

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