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$598,000

Beds
2
Baths
1.0
sq ft
Unknown

509 SW 11th St, Fort Lauderdale, FL 33315

509 SW 11th St

Fort Lauderdale, FL 33315

  • 16 days on market
Prime Location in Tarpon River! Situated just minutes from downtown Fort Lauderdale, the beaches, FLL Airport, the Convention Center, and Port Everglades, this charming cottage is a fantastic investment opportunity. Highly desirable Tarpon River neighborhood, the property offers immense potential for both investors and handy homeowners. This hard asset can be rented out in the short term, with the assurance that the land value will appreciate for future sale or development. The street has seen multiple recent new construction developments, highlighting the growth and potential of the area. Excellent opportunity to redevelop into 2 luxury townhomes, making it a lucrative prospect for the discerning buyer.Don't miss out on a prime piece of real estate in a rapidly developing neighborhood.

Details

Property type

Single Family Residence

Est. home value

$470,596

Lot size

6,250 sq ft

Price per sq ft

Unknown

Year built

1946

Annual property taxes

$7,447

Price History

11/04/2024
SEF

SEF #A11687801

Listed
$598,000
-4.32%
10/31/2024
SEF

SEF #A11601890

Removed
$625,000
06/06/2024
SEF

SEF #A11601890

Listed
$625,000
+45.35%

Schools & Community

Neighborhood: 

Tarpon River

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

$242,663
Asking price
$598,000
Closing costs (~8% of asking)
-$47,840
Est. remaining loan balance
-$307,497
Cash to seller
$242,663

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

Seller’s Loan History

Lender

Priority Financial Network

Loan start date

April 2022

Original loan amount

$322,500

Est. remaining balance

$307,497

Interest rate

3.85%

Loan type

New Conventional, 30 year

Seller

Catherine Raynor and Sivan Manoah

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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Status: Active

Tomo last checked: 11/22/2024 at 3:00 AM

Listing updated: 11/08/2024 at 4:35 PM

Listed by: Shane Zvulun, REI By Zip LLC Phone #: (954) 412-2866

MLS: SEF #A11687801

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