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$1,725,000

Beds
3
Baths
3.5
sq ft
2,635

411 N New River Dr Dr Unit 1406, Fort Lauderdale, FL 33301

411 N New River Dr Dr Unit 1406

Fort Lauderdale, FL 33301

  • 206 days on market
    • Price drop $70,000↓
Come home to the best of downtown Fort Lauderdale, luxury living. This home offers amazing views of the New River, the Atlantic Ocean and the city skyline. An over sized three bedroom, three en suite baths and one half bath residence provides the kind of living space that is hard to find. In this home, you will find cherry hardwood floors, an open concept kitchen, with adjoining breakfast room and two large terraces for relaxing and entertaining. The Las Olas Grand offers resort style living with full amenities and the perfect downtown location. A rare addition is two assigned garage spaces and electric car charging stations. In addition to the photographs, please click on the video link for a guided tour.

Details

Property type

Condominium

Est. home value

$1,867,649

Lot size

Unknown

Price per sq ft

$655

Year built

2005

Annual property taxes

$16,220

Monthly HOA fee

$2,884

Price History

07/09/2024
Beaches

Beaches #F10428680

Price change
$1,725,000
-3.9%
03/13/2024
Beaches

Beaches #F10428680

Listed
$1,795,000

Schools & Community

Neighborhood: 

Downtown

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

$709,270
Asking price
$1,725,000
Closing costs (~8% of asking)
-$138,000
Est. remaining loan balance
-$877,730
Cash to seller
$709,270

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

Seller’s Loan History

Lender

First Midwest Bank

Loan start date

July 2021

Original loan amount

$944,670

Est. remaining balance

$877,730

Interest rate

2.94%

Loan type

New Conventional, 30 year

Seller

Martin Ellman and Susanne Talmage Ellman

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: 10/04/2024 at 10:45 PM

Listing updated: 09/30/2024 at 4:32 PM

Listed by: Dennis Miller, Better Homes & Gdns RE Fla 1st Phone #: (954) 561-2050

MLS: Beaches #F10428680

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