tomo logo

$105,000

Beds
2
Baths
2.0
sq ft
865

2811 Somerset Dr Unit 312, Lauderdale Lakes, FL 33311

2811 Somerset Dr Unit 312

Lauderdale Lakes, FL 33311

  • 12 days on market
    • Price drop $15,000↓
PRICE REDUCED for fast sale. Lovely corner unit, 2 bedrooms 2 baths, located in the active 55+ community. 24/7 gated community, with lots of activities, exercise room, tennis court, billiard, BBQ area. All furnished. Close to everything and 15 minutes to the beach. No pets, no rental for 3 years.

Details

Property type

Condominium

Est. home value

$117,108

Lot size

Unknown

Price per sq ft

$122

Year built

1974

Annual property taxes

$582

Monthly HOA fee

$416

Price History

01/18/2025
Beaches

Beaches #F10480022

Price change
$105,000
-12.5%
01/10/2025
Beaches

Beaches #F10480022

Listed
$120,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

Senior community center: 

Yes

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

$59,299
Asking price
$105,000
Closing costs (~8% of asking)
-$8,400
Est. remaining loan balance
-$37,301
Cash to seller
$59,299

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

Seller’s Loan History

Lender

Quicken Loans Inc

Loan start date

December 2017

Original loan amount

$43,500

Est. remaining balance

$37,301

Interest rate

3.94%

Loan type

New Conventional, 30 year

Seller

Ronald Searles and Fatima Searles

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: 01/22/2025 at 7:55 AM

Listing updated: 01/18/2025 at 7:30 AM

Listed by: Terry Carvalhais, Agent Plus Realty Phone #: (954) 605-2954

MLS: Beaches #F10480022

Beaches logo