tomo logo

$119,999

Beds
2
Baths
2.0
sq ft
1,010

2850 Somerset Dr Unit 203L, Lauderdale Lakes, FL 33311

2850 Somerset Dr Unit 203L

Lauderdale Lakes, FL 33311

  • 24 days on market
    • Price drop $5,000↓
Situated in a peaceful, gated community with 24-hour security, this condo offers both comfort and convenience. The area is currently undergoing exterior renovations, enhancing its curb appeal and increasing property value. Plus, it’s just minutes away from shops, ensuring easy access to essentials. Amenities include: Laundry Room, Barbecue, Picnic Area, Pool, Billiard Room, Clubhouse, Community Kitchen, Storage, Trash, and Elevators. This condo is currently rented at $1,700 per month until September, making it an excellent turnkey investment with immediate rental income. In a 55+ community but will allow rental if at least one person is 55+. Don’t miss this opportunity to own a property in a well-maintained community with fantastic amenities and strong rental potential! Schedule a viewing!

Details

Property type

Condominium

Est. home value

$118,172

Lot size

Unknown

Price per sq ft

$119

Year built

1979

Annual property taxes

$2,284

Monthly HOA fee

$489

Price History

02/10/2025
Beaches

Beaches #F10484137

Price change
$119,999
-4%
01/30/2025
Beaches

Beaches #F10484137

Listed
$124,999
-3.77%
01/04/2025
Beaches

Beaches #F10416170

Removed
$129,900

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

Senior community center: 

Yes

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Wells Fargo Bank Na

Loan start date

November 2006

Original loan amount

$77,000

Est. remaining balance

$47,800

Interest rate

6.37%

Loan type

Not Provided, 30 year

Seller

Cleveland Wright and Myrtle Wright

Lender

Bank Of America Na

Loan start date

June 2003

Original loan amount

$32,862

Est. remaining balance

$7,479

Interest rate

5.7%

Loan type

Not Provided, 25 year

Seller

Cleveland Wright and Eulalee Tomlinson

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?

Similar Homes Nearby

Price drop
Beaches
$119,999
2 bd
|
2 ba
|
1,010 sq ft
|
Condo

2840 Somerset Dr Unit 317M, Lauderdale Lakes, FL 33311

Beaches
$110,000
2 bd
|
2 ba
|
1,010 sq ft
|
Condo

2860 Somerset Dr Unit 214K, Lauderdale Lakes, FL 33311

Beaches
$119,000
2 bd
|
2 ba
|
1,010 sq ft
|
Condo

2840 Somerset Dr Unit 404, Lauderdale Lakes, FL 33311

Status: Active

Tomo last checked: 02/23/2025 at 3:40 AM

Listing updated: 02/11/2025 at 9:00 PM

Listed by: Kenise Estime, Charles Rutenberg Realty FTL Phone #: (954) 396-3001

MLS: Beaches #F10484137

Beaches logo