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$205,000

Beds
2
Baths
1.0
sq ft
800

305 NE 16th St Unit 4, Fort Lauderdale, FL 33304

305 NE 16th St Unit 4

Fort Lauderdale, FL 33304

  • 133 days on market
    • Price drop $10,000↓
Absolutely gorgeous fully upgraded condo in a highly desirable location right by Downtown and Wilton Manors. The unit was completely renovated in late 2020 including new AC, water heater, beautiful contemporary laminate lacquer cabinetry and white quartz coutertops in kitchen and bath, light grey tile flooring throughout & new modern fixtures and fans. First floor unit with a small private fenced yard/patio area. This is an ideal investment property. It is currently tenant occupied until the end of the year with tenant paying $1,900/mo.

Details

Property type

Condominium

Est. home value

$196,081

Lot size

Unknown

Price per sq ft

$257

Year built

1970

Annual property taxes

$2,933

Monthly HOA fee

$725

Price History

04/18/2024
Beaches

Beaches #F10425158

Price change
$205,000
-4.65%
02/21/2024
Beaches

Beaches #F10425158

Listed
$215,000
+91.11%
07/29/2020
SEF

SEF #A10875451

Sold
$112,500

Schools & Community

Neighborhood: 

South Middle River

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

Number of units in community: 

16

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

$83,429
Asking price
$205,000
Closing costs (~8% of asking)
-$16,400
Est. remaining loan balance
-$105,171
Cash to seller
$83,429

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

Seller’s Loan History

Lender

Quontic Bank Fsb

Loan start date

August 2022

Original loan amount

$108,000

Est. remaining balance

$105,171

Interest rate

5.3%

Loan type

New Conventional, 30 year

Seller

Moma Llc

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: 07/03/2024 at 11:45 AM

Listing updated: 04/18/2024 at 6:49 AM

Listed by: Andrew Dittoe, Compass Florida, LLC Phone #: (305) 851-2820

MLS: Beaches #F10425158

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