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$769,000

Beds
2
Baths
2.0
sq ft
1,100

4040 Galt Ocean Dr Unit 605, Fort Lauderdale, FL 33308

4040 Galt Ocean Dr Unit 605

Fort Lauderdale, FL 33308

  • 87 days on market
    • Price drop $30,000↓
SHORT TERM RENTAL ALLOWED! BEST PRICE in the building ! Live right on the beach or use this amazing opportunity for your investment dream. 2 bed/2bath + full kitchen can be used as 2 bedroom or as 1 bedroom + hotel unit. Rent is as one large unit or 2 separate units. Heated pool,Restaurant, Tiki bar, coffee shop, beauty salon, beach store everything right in the building. NO RENTAL RESTRICTIONS. Hotel program is available.

Details

Property type

Condominium

Est. home value

$857,171

Lot size

Unknown

Price per sq ft

$700

Year built

1960

Annual property taxes

$9,886

Monthly HOA fee

$1,150

Price History

03/05/2025
SEF

SEF #A11711216

Price change
$769,000
-3.75%
03/04/2025
SEF

SEF #A11711216

Price change
$799,000
-6%
12/17/2024
SEF

SEF #A11711216

Listed
$850,000
+3.79%

Schools & Community

Neighborhood: 

Galt Mile

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

$365,472
Asking price
$769,000
Closing costs (~8% of asking)
-$61,520
Est. remaining loan balance
-$342,008
Cash to seller
$365,472

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

Seller’s Loan History

Lender

All American Financing Inc

Loan start date

May 2007

Original loan amount

$544,000

Est. remaining balance

$342,008

Interest rate

6.17%

Loan type

Not Provided, 30 year

Seller

Alex Ulitsky

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: 03/15/2025 at 12:50 PM

Listing updated: 03/04/2025 at 9:25 PM

Listed by: Kateryna Podolian, LoKation Phone #: (954) 545-5583

MLS: SEF #A11711216

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