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$2,399,000

Beds
4
Baths
4.5
sq ft
2,870

1998 SW 16th Ct, Fort Lauderdale, FL 33312

1998 SW 16th Ct

Fort Lauderdale, FL 33312

  • 233 days on market
    • Price drop $200,000↓
CHECK OUT WALKING VIDEO TOUR** Amazing views! New River, across from Marina, 70 ft waterfront, no fixed bridges, wide turning basin, hurricane safe/evac area for yachts. This beautiful modern home has 4 Bedrooms, 4.5 Baths, separate office, In-Law Suite, 2 laundry rooms, 2-car garage. 2 Bedrooms are en-suite. One Bedroom/Bathroom is located in attached In-Law Suite, which includes a Kitchenette and living space, perfect for multi-generational living, teen-ager, etc. Entertainer’s dream home has newly updated gourmet kitchen w/Quartzite Counters, icemaker, and beverage fridge. Heated pool/spa w/lights/jets operated by phone. Shady Banks, popular neighborhood with Hortt Park, Over 100K worth of upgrades to the home. Minutes to the beach.

Details

Property type

Single Family Residence

Est. home value

$931,587

Property condition

Updated/Remodeled

Lot size

6,547 sq ft

Price per sq ft

$836

Year built

1972

Annual property taxes

$13,296

Price History

06/19/2024
Beaches

Beaches #F10437908

Price change
$2,399,000
-7.7%
05/03/2024
Beaches

Beaches #F10437908

Listed
$2,599,000
+642.57%
04/25/2014
Beaches

Beaches #F1269432

Sold
$350,000

Schools & Community

Neighborhood: 

Shady Banks

Elementary school: 

Croissant Park

Middle school: 

New River

High school: 

Stranahan

Community features: 

Playground, Park

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

$1,961,269
Asking price
$2,399,000
Closing costs (~8% of asking)
-$191,920
Est. remaining loan balance
-$245,811
Cash to seller
$1,961,269

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

Seller’s Loan History

Lender

Guaranteed Rate Inc

Loan start date

April 2014

Original loan amount

$315,000

Est. remaining balance

$245,811

Interest rate

4.28%

Loan type

New Conventional, 30 year

Seller

John Mers and Candrea Mers

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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Price drop
SEF
$2,750,000
5 bd
|
5.5 ba
|
4,203 sq ft
|
House

1505 SW 5th Pl, Fort Lauderdale, FL 33312

Status: Active

Tomo last checked: 12/22/2024 at 4:00 PM

Listing updated: 12/16/2024 at 11:35 AM

Listed by: Irene L Medina, United Realty Group Inc. Phone #: (954) 450-2000

MLS: Beaches #F10437908

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