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$559,000

Beds
2
Baths
2.0
sq ft
1,120

3505 S Ocean Dr Unit 221, Hollywood, FL 33019

3505 S Ocean Dr Unit 221

Hollywood, FL 33019

  • 154 days on market
    • Price drop $6,000↓
Perfect investment opportunity! Completely renovated bright 2/2 corner unit/w Washer & Dryer, located in the oceanfront building featuring two built-in commercial BBQs, large heated swimming pool, spa and the Gym with brand new equipment, is offered for sale Fully Furnished. Building's management allows short term rentals, minimum 30 days 12 times per year.

Details

Property type

Condominium

Est. home value

$485,297

Property condition

Updated/Remodeled

Lot size

Unknown

Price per sq ft

$500

Year built

1964

Annual property taxes

$8,660

Monthly HOA fee

$1,006

Price History

05/31/2024
SEF

SEF #A11538739

Price change
$559,000
-1.06%
02/23/2024
SEF

SEF #A11538739

Listed
$565,000
+31.4%
02/07/2022
SEF

SEF #A11080592

Sold
$430,000

Schools & Community

Neighborhood: 

South Central 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

$229,671
Asking price
$559,000
Closing costs (~8% of asking)
-$44,720
Est. remaining loan balance
-$284,609
Cash to seller
$229,671

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

Seller’s Loan History

Lender

Clearedge Lending Llc

Loan start date

December 2021

Original loan amount

$301,000

Est. remaining balance

$284,609

Interest rate

3.09%

Loan type

New Conventional, 30 year

Seller

Gadl13184 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?

Status: Active

Tomo last checked: 07/25/2024 at 8:05 PM

Listing updated: 07/25/2024 at 2:14 AM

Listed by: Tatiana Galkina Gonzalez, One Sotheby's International Realty Phone #: (305) 935-0300

MLS: SEF #A11538739

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