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$1,350,000

Beds
3
Baths
2.0
sq ft
3,330

300 S Riverside Dr, Pompano Beach, FL 33062

300 S Riverside Dr

Pompano Beach, FL 33062

  • 66 days on market
Rare opportunity, rent both units or live in one and use incomes from other one to pay mortgages! Currently configured as two fully furnished units in a beautiful house located between the intracostal and the beach near Atlantic Ave. The front unit has two bedrooms and a large kitchen. The back unit has one bedroom but with an additional murphy bed. Each has one bathroom, high-impact windows/doors, tiled floors, private entrance with smart locks, nest thermostat and new A/C. Outside is a quiet oasis with lush landscaping, privacy, hot tub, patio, tables, chairs, gas grill, shed, shower, security cameras and is perfect for entertaining or just relaxing. Both units have an established income producing history. and can be managed remotely via Airbnb, Turnkey, short or long-term rental.

Details

Property type

Single Family Residence

Est. home value

$1,303,644

Lot size

6,482 sq ft

Price per sq ft

$406

Year built

1951

Annual property taxes

$13,789

Price History

05/02/2024
Beaches

Beaches #F10437552

Listed
$1,350,000
+92.31%
09/27/2021
Beaches

Beaches #F10293899

Sold
$702,000

Schools & Community

Neighborhood: 

Beach

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

$747,651
Asking price
$1,350,000
Closing costs (~8% of asking)
-$108,000
Est. remaining loan balance
-$494,349
Cash to seller
$747,651

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

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

September 2021

Original loan amount

$526,000

Est. remaining balance

$494,349

Interest rate

2.87%

Loan type

New Conventional, 30 year

Seller

Shuwei Ma and Junbo Kong

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: 07/07/2024 at 6:55 PM

Listing updated: 05/14/2024 at 4:00 PM

Listed by: Syl MacDonald, LoKation Phone #: (954) 545-5583

MLS: Beaches #F10437552

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