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$1,630,000

Beds
3
Baths
3.0
sq ft
1,827

222 SE 16th Ave, Fort Lauderdale, FL 33301

222 SE 16th Ave

Fort Lauderdale, FL 33301

  • 157 days on market
    • Price drop $65,000↓
LOCATION, LOCATION, LOCATION! Experience the essence of the famed Las Olas vibrant lifestyle in this charming three-bedroom, three-bathroom abode. Plus, a refreshing salt-water heated pool and waterfall feature. Enjoy peace of mind with all impact resistant windows/doors, along with durable concrete block construction. The garage is air conditioned, perfect for an art studio, exercise room, or any other hobbies. With ample storage space, indulge in convenience alongside lush tropical surroundings. Enjoy endless choices of local shops and restaurants. Own in the esteemed historic Colee Hammock, one of Fort Lauderdale's most storied neighborhoods, and mere moments away from the illustrious Fort Lauderdale Beaches, this residence offers an unparalleled fusion of heritage and coastal allure!

Details

Property type

Single Family Residence

Est. home value

$1,278,714

Lot size

5,500 sq ft

Price per sq ft

$893

Year built

1941

Annual property taxes

$21,122

Price History

10/25/2024
Beaches

Beaches #F10451812

Price change
$1,630,000
-3.83%
09/09/2024
Beaches

Beaches #F10451812

Price change
$1,695,000
-1.74%
07/18/2024
Beaches

Beaches #F10451812

Listed
$1,725,000
+35.29%

Schools & Community

Neighborhood: 

Colee Hammock

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

$518,008
Asking price
$1,630,000
Closing costs (~8% of asking)
-$130,400
Est. remaining loan balance
-$981,592
Cash to seller
$518,008

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

Seller’s Loan History

Lender

Td Bank Na

Loan start date

June 2022

Original loan amount

$1,020,000

Est. remaining balance

$981,592

Interest rate

5.1%

Loan type

New Conventional, 30 year

Seller

Michael Jay Friend and Hayley Friend

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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605 NE 15th Ave, Fort Lauderdale, FL 33304

Status: Active

Tomo last checked: 12/22/2024 at 10:55 AM

Listing updated: 12/10/2024 at 12:51 PM

Listed by: Stephanie Tonsfeldt, One Sotheby's Int'l Realty Phone #: (954) 522-2831

MLS: Beaches #F10451812

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