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$470,596Estimated home value

Beds
2
Baths
1.0
sq ft
866

509 SW 11th St, Fort Lauderdale, FL 33315

509 SW 11th St

Fort Lauderdale, FL 33315

  • Sold On 5/16/2022
Location Location. Minutes from downtown Fort Lauderdale, beaches, FLL airport, Port Everglades and expressways. This little cottage is in a prime location in Tarpon River, but she needs some TLC. Great opportunity for an investor or handy owner. A hard asset that can be rented out for a few years knowing that the land value will remain for future sale or development. On this street alone there have been four new homes built in the last year. The entire area is busting at the seams in re-development. This home could also be razed for re-development to build your own home. AS-IS and CASH offers only please.

Details

Property type

Single Family Residence

Est. home value

$470,596

Lot size

6,250 sq ft

Price per sq ft

$491

Year built

1946

Annual property taxes

$1,548

Price History

10/31/2024
SEF

SEF #A11601890

Removed
$625,000
06/06/2024
SEF

SEF #A11601890

Listed
$625,000
+45.35%
04/27/2022
SEF

SEF #A11169301

Sold
$430,000

Schools & Community

Neighborhood: 

Tarpon River

Elementary school: 

Croissant Park

Middle school: 

New River

High school: 

Stranahan

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

$83,503
Asking price
$425,000
Closing costs (~8% of asking)
-$34,000
Est. remaining loan balance
-$307,497
Cash to seller
$83,503

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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708 SW 12th Ct, Fort Lauderdale, FL 33315

Status: Off Market

Tomo last checked: 11/05/2024 at 5:55 AM

Listing updated: 03/29/2023 at 1:03 PM

Listed by: Grant Marant, Marant & Associates Inc Phone #: (954) 557-4203

MLS: SEF #A11169301

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