tomo logo

$859,000

Beds
1
Baths
1.0
sq ft
841

401 N Birch Rd Unit 1116, Fort Lauderdale, FL 33304

401 N Birch Rd Unit 1116

Fort Lauderdale, FL 33304

  • 83 days on market
    • Price drop $40,000↓
One of the few units in the building with an Ocean view along with a deeded storage unit. Buy a beautiful Turnkey 1/1 unit plus Den in the Tiffany House, a newer construction building that allows short term rentals and Airbnb. Offering five-star amenities and short walk to Las Olas Beach, this Condo is perfect for second home buyers and investors looking for high rental income opportunities. It is currently being managed by Newman Hospitality the most reputable management team in the building and one of the top rated Vacation management companies in Florida, and the condo has a long history of stellar reviews.

Details

Property type

Condominium

Est. home value

$715,489

Property condition

New Construction

Lot size

Unknown

Price per sq ft

$1,022

Year built

2018

Annual property taxes

$11,202

Monthly HOA fee

$1,300

Price History

11/20/2024
Beaches

Beaches #F10464685

Price change
$859,000
-4.45%
10/03/2024
Beaches

Beaches #F10464685

Listed
$899,000

Schools & Community

Neighborhood: 

Central Beach Alliance

Elementary school: 

Harbordale

Middle school: 

Sunrise

High school: 

Fort Lauderdale

Community features: 

Gated

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

$429,674
Asking price
$859,000
Closing costs (~8% of asking)
-$68,720
Est. remaining loan balance
-$360,606
Cash to seller
$429,674

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

Seller’s Loan History

Lender

Home Point Financial Corporation

Loan start date

June 2021

Original loan amount

$390,320

Est. remaining balance

$360,606

Interest rate

2.98%

Loan type

New Conventional, 30 year

Seller

Sanjeev Bahri and Sushil Beriwal

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: 12/24/2024 at 10:10 PM

Listing updated: 12/10/2024 at 12:55 PM

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

MLS: Beaches #F10464685

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