tomo logo

$225,000

Beds
1
Baths
1.0
sq ft
533

505 N Fort Lauderdale Beach Blvd Unit 1908, Fort Lauderdale, FL 33304

505 N Fort Lauderdale Beach Blvd Unit 1908

Fort Lauderdale, FL 33304

  • 1 day on market
Looking for a second home on the beach that you can rent out to offset the cost of ownership? Look no further, this is the best deal in the building! Embrace the luxury resort lifestyle at the Q Club, situated in Central Beach just 10 min from Las Olas. Enjoy breathtaking ocean & intracoastal views from your 19th-floor balcony. The unit is equipped with an owner's closet where you can lock up all your belongings while away. The resort amenities include a huge pool overlooking the ocean, 4 restaurants including a new 26th-floor rooftop, bars, fitness center with spa, concierge & room service. Owners can stay up to 120 days a year, with complimentary valet parking, daily housekeeping, and the option to utilize the Hilton hotel program for renting out the unit when not in use.

Details

Property type

Condominium

Est. home value

$255,022

Lot size

Unknown

Price per sq ft

$423

Year built

2006

Annual property taxes

$3,972

Monthly HOA fee

$1,153

Price History

11/13/2024
Beaches

Beaches #F10471182

Listed
$225,000
-15.09%
05/03/2024
Beaches

Beaches #F10408889

Removed
$265,000
02/16/2024
Beaches

Beaches #F10408889

Price change
$265,000
-3.64%

Schools & Community

Neighborhood: 

Central Beach Alliance

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

$55,403
Asking price
$225,000
Closing costs (~8% of asking)
-$18,000
Est. remaining loan balance
-$151,597
Cash to seller
$55,403

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

Seller’s Loan History

Lender

Citadel Servicing Corporation

Loan start date

January 2022

Original loan amount

$161,250

Est. remaining balance

$151,597

Interest rate

3.1%

Loan type

New Conventional, 30 year

Seller

Andreas Sommer and Anastasia Sommer

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: 11/14/2024 at 11:10 AM

Listing updated: 11/14/2024 at 10:51 AM

Listed by: Anastasia Sommer, LoKation Phone #: (954) 545-5583

MLS: Beaches #F10471182

Beaches logo

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