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$1,099,000

Beds
3
Baths
1.0
sq ft
1,150

507 NE 11th Ave, Fort Lauderdale, FL 33301

507 NE 11th Ave

Fort Lauderdale, FL 33301

  • 435 days on market
    • Price drop $100,000↓
MOTIVATED SELLER-BEAUTIFUL HOME IN THE HEART OF VICTORIA PARK. NICELY UPDATED WHICH INCLUDES NEW: IMPACT WINDOWS, KITCHEN REMODEL, ELECTRICITY. CEILING FANS, INDOOR OUTDOOR PAINTING, GUTTERS, BATHROOM-SEWER LINE REPLACED, DIAMOND BRITE- BRAND NEW, SPACIOUS NEW POOL AREA SURROUNDED BY LUSH TROPICAL LANDSCAPING, TURF FRONT AND BACK YARD PLENTY OF PARKING -, PRIME LOCATION. CLOSE TO THE BEACH, LAS OLAS, AND DOWNTOWN. GREAT AIRBNB POTENTIAL

Details

Property type

Single Family Residence

Est. home value

$1,288,146

Lot size

7,800 sq ft

Price per sq ft

$956

Year built

1940

Annual property taxes

$13,897

Price History

09/12/2024
Beaches

Beaches #F10397384

Price change
$1,099,000
-8.34%
05/17/2024
Beaches

Beaches #F10397384

Price change
$1,199,000
-7.7%
08/31/2023
Beaches

Beaches #F10397384

Listed
$1,299,000
+159.8%

Schools & Community

Neighborhood: 

Victoria Park

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

$648,351
Asking price
$1,099,000
Closing costs (~8% of asking)
-$87,920
Est. remaining loan balance
-$362,729
Cash to seller
$648,351

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

Seller’s Loan History

Lender

Suntrust Mortgage Inc

Loan start date

May 2017

Original loan amount

$424,100

Est. remaining balance

$362,729

Interest rate

4.3%

Loan type

New Conventional, 30 year

Seller

Diego M Diaz and Renee Michelon Diaz

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?

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721 NE 17th Rd, Fort Lauderdale, FL 33304

Status: Active

Tomo last checked: 11/08/2024 at 7:05 AM

Listing updated: 10/25/2024 at 4:35 AM

Listed by: David Sullivan, LoKation Phone #: (954) 545-5583

MLS: Beaches #F10397384

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