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$1,700,000

Beds
5
Baths
4.5
sq ft
4,107

200 NE 16th Ave, Fort Lauderdale, FL 33301

200 NE 16th Ave

Fort Lauderdale, FL 33301

  • 79 days on market
LIVE IN A LUXURY VICTORIA PARK HOME, WHILE COLLECTING RENT$$ This beautiful Spanish influenced home is a rare opportunity to own a large furnished 3 bedroom 2 story home as your main property & Two (1/1) apartments in the rear. These income properties have a private drive & extra parking w/ shared community laundry. They both have been furnished & are move-in ready w/ tenants. The Main home has a private fenced in backyard w/ room enough to add a pool. Also comes w/ designer furniture & many upgrades. Main foyer entry, spacious living room & separate dining area. Open concept kitchen w/ sitting bar + 1/2 bath downstairs. Upstairs 3 Beds/2 Baths with custom closets and outdoor terrace access. Income & Expenses can be provide. Strategic Location - Short Term Rental potential. CASH COW!

Details

Property type

Single Family Residence

Est. home value

$1,403,663

Property condition

Updated/Remodeled

Lot size

6,250 sq ft

Price per sq ft

$414

Year built

1937

Annual property taxes

$16,068

Price History

04/17/2024
SEF

SEF #A11571131

Listed
$1,700,000
+65.85%
06/08/2021
SEF

SEF #A10983838

Sold
$1,025,000
+29.75%
02/28/2017
Beaches

Beaches #F10034156

Sold
$790,000

Schools & Community

Neighborhood: 

Victoria Park

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Park, Street Lights

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

$893,871
Asking price
$1,700,000
Closing costs (~8% of asking)
-$136,000
Est. remaining loan balance
-$670,129
Cash to seller
$893,871

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

Seller’s Loan History

Lender

Priority Financial Network

Loan start date

June 2021

Original loan amount

$717,500

Est. remaining balance

$670,129

Interest rate

3.04%

Loan type

New Conventional, 30 year

Seller

Catherine Raynor

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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Status: Active

Tomo last checked: 07/05/2024 at 12:20 AM

Listing updated: 06/28/2024 at 11:44 AM

Listed by: Shane Zvulun, REI By Zip LLC Phone #: (954) 368-9660

MLS: SEF #A11571131

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