tomo logo

$399,900

Beds
1
Baths
1.0
sq ft
700

505 N Riverside Dr Dr Unit 14, Pompano Beach, FL 33062

505 N Riverside Dr Dr Unit 14

Pompano Beach, FL 33062

  • 103 days on market
    • Price drop $25,000↓
NEW ROOF UNDERWAY! Stable building. See attachments. Perfect coastal retreat, immaculate, radiant 1 bed/1 bath, 2nd floor corner unit, updated, turnkey/fully furnished. 21 exclusive condos, this gem sits directly on the Intracoastal Waterway. Step out onto the balcony to relish the mesmerizing spectacle of captivating sunsets while indulging in the daily boat parade. RENTALS ALLOWED 8x/YEAR. Featuring white porcelain flooring, impact windows/sliding doors, 2015 A/C unit, 2016 tankless hot water heater, along with additional storage space. Recent enhancements include a NEW SEAWALL & CAP installed in 2023. Walking distance to the new pier, 3+ miles white sand beaches, water sports, and an array of dining and entertainment options, this property epitomizes coastal living at its finest.

Details

Property type

Condominium

Est. home value

$385,035

Lot size

Unknown

Price per sq ft

$572

Year built

1984

Annual property taxes

$6,884

Monthly HOA fee

$525

Price History

05/05/2024
Beaches

Beaches #F10433001

Price change
$399,900
-5.88%
04/05/2024
Beaches

Beaches #F10433001

Listed
$424,900
+49.88%
05/07/2018
Beaches

Beaches #F10108558

Sold
$283,500

Schools & Community

Neighborhood: 

Beach

Elementary school: 

Pompano Bch Elem

Middle school: 

Pompano B.Middle

High school: 

Ely

Number of units in community: 

21

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

$179,589
Asking price
$399,900
Closing costs (~8% of asking)
-$31,992
Est. remaining loan balance
-$188,319
Cash to seller
$179,589

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

Seller’s Loan History

Lender

Guaranteed Rate Inc

Loan start date

February 2020

Original loan amount

$206,250

Est. remaining balance

$188,319

Interest rate

3.73%

Loan type

New Conventional, 30 year

Seller

Edwin Dickey Jr and Karen M Dickey

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: 07/17/2024 at 12:55 AM

Listing updated: 06/12/2024 at 12:49 PM

Listed by: Heather Lefebvre, Adache Real Estate, LLC Phone #: (954) 566-7400

MLS: Beaches #F10433001

Beaches logo