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$2,449,000

Beds
3
Baths
3.0
sq ft
2,198

3025 Center Ave, Fort Lauderdale, FL 33308

3025 Center Ave

Fort Lauderdale, FL 33308

  • 147 days on market
    • Price drop $150,000↓
Amazing opportunity to own a second home in Florida on the beach that could pay for itself. Managed by Newman hospitality, the property is booked 3 weeks in January, 2025 for $18,000. The house has been fully renovated from top to bottom including impact windows, tile floors, new bathrooms, plumbing and kitchen, resurfaced pool and a new deck. The home enjoys a fun and friendly split plan of 3 beds & 3 ensuite baths in main house & a perfect guest entertainment room that could be converted back into a 4th bedroom. Double gate doors allow for additional parking. This area doubles as great space for family fun after a peaceful 200 step walk from the famous Fort Lauderdale beach.

Details

Property type

Single Family Residence

Est. home value

$1,872,946

Lot size

9,003 sq ft

Price per sq ft

$1,115

Year built

1959

Annual property taxes

$26,961

Price History

10/14/2024
Beaches

Beaches #F10445974

Price change
$2,449,000
-5.77%
10/09/2024
Beaches

Beaches #F10445974

Removed
$2,599,000
09/12/2024
Beaches

Beaches #F10445974

Price change
$2,599,000
-5.46%

Schools & Community

Neighborhood: 

Lauderdale Beach

Elementary school: 

Bayview

Middle school: 

Sunrise

High school: 

Fort Lauderdale

Community features: 

Sidewalks

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

$1,251,670
Asking price
$2,449,000
Closing costs (~8% of asking)
-$195,920
Est. remaining loan balance
-$1,001,410
Cash to seller
$1,251,670

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

Seller’s Loan History

Lender

Crosscountry Mortgage Llc

Loan start date

July 2021

Original loan amount

$1,080,000

Est. remaining balance

$1,001,410

Interest rate

2.94%

Loan type

New Conventional, 30 year

Seller

Lakshmi P Addepalli and Kranthi Alapati

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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$2,790,000
3 bd
|
3 ba
|
2,500 sq ft
|
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2919 Center Ave, Fort Lauderdale, FL 33308

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Price drop
SEF
$2,475,000
3 bd
|
3 ba
|
2,146 sq ft
|
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2709 Center Ave, Fort Lauderdale, FL 33308

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Beaches
$2,499,900
3 bd
|
2.5 ba
|
2,086 sq ft
|
Condo

3100 N Ocean Blvd Unit 2507, Fort Lauderdale, FL 33308

Status: Active

Tomo last checked: 11/08/2024 at 10:10 AM

Listing updated: 10/14/2024 at 3:23 PM

Listed by: James Newman, Century 21 Stein Posner Phone #: (561) 756-9945

MLS: Beaches #F10445974

Beaches logo

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