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$3,395,000

Beds
3
Baths
3.5
sq ft
3,136

5050 N Ocean Dr Unit 402, Riviera Beach, FL 33404

5050 N Ocean Dr Unit 402

Singer Island, FL 33404

  • 35 days on market
Introducing 5050 N Ocean Dr, Unit 402, an exquisite oceanfront residence that blends modern luxury with the tranquility of beachfront living. This elegant 3-bedroom, 3.5-bathroom condo is nestled in a boutique building and offers an unparalleled coastal lifestyle.As you step into this spacious home, you're greeted by an abundance of natural light pouring in through floor-to-ceiling windows that frame unobstructed ocean views. The expansive living and dining areas flow seamlessly onto a large, private balcony, where you can enjoy breathtaking sunrises and the soothing sounds of the waves.

Details

Property type

Condominium

Est. home value

$2,759,990

Lot size

Unknown

Price per sq ft

$1,083

Year built

2008

Annual property taxes

$31,839

Monthly HOA fee

$4,000

Price History

10/01/2024
Beaches

Beaches #R11025447

Listed
$3,395,000
+24.59%
05/01/2023
Beaches

Beaches #R10850585

Sold
$2,724,875

Schools & Community

Neighborhood: 

Singer Island

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Gated, Street Lights, Sidewalks

Number of units in community: 

40

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

$2,171,602
Asking price
$3,395,000
Closing costs (~8% of asking)
-$271,600
Est. remaining loan balance
-$951,798
Cash to seller
$2,171,602

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

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

May 2021

Original loan amount

$1,184,750

Est. remaining balance

$951,798

Interest rate

2.45%

Loan type

New Conventional, 15 year

Seller

Kenneth X Luthy and The Kenneth X Luthy Revocable Trust

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: 11/05/2024 at 2:50 PM

Listing updated: 10/01/2024 at 9:56 PM

Listed by: Brandon Solomon, Douglas Elliman Phone #: (561) 655-8600

MLS: Beaches #R11025447

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