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$525,000

Beds
2
Baths
2.0
sq ft
1,246

511 SE 5th Ave Unit 2111, Fort Lauderdale, FL 33301

511 SE 5th Ave Unit 2111

Fort Lauderdale, FL 33301

  • <1 day on market
Welcome to Nu River Landing! This unit features 2 bedrooms and 2 bathrooms, available furnished or unfurnished. Enjoy resort-style amenities: gym, yoga studios, pool, sauna, barbecue area, doorman, concierge, security, elevator, parking, garage, and valet. Located in Las Olas, close to shopping, dining, galleries, beaches, and the airport. Access a media room and basketball court. Don’t miss this opportunity to embrace Fort Lauderdale living! Experience luxury and convenience in a prime location.

Details

Property type

Condominium

Est. home value

$525,388

Lot size

Unknown

Price per sq ft

$422

Year built

2006

Annual property taxes

$8,403

Monthly HOA fee

$1,150

Price History

02/03/2025
SEF

SEF #A11736741

Listed
$525,000
-12.35%
10/19/2024
SEF

SEF #A11626602

Removed
$599,000
07/18/2024
SEF

SEF #A11626602

Listed
$599,000

Schools & Community

Neighborhood: 

Downtown

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

$386,490
Asking price
$525,000
Closing costs (~8% of asking)
-$42,000
Est. remaining loan balance
-$96,510
Cash to seller
$386,490

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

Seller’s Loan History

Lender

Regions Mortgage

Loan start date

January 2011

Original loan amount

$140,000

Est. remaining balance

$96,510

Interest rate

4.4%

Loan type

New Conventional, 30 year

Seller

Eva Arefieg

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: 02/03/2025 at 7:50 PM

Listing updated: 02/03/2025 at 7:05 PM

Listed by: Samuel Simpkin, Compass Florida, LLC Phone #: (305) 851-2820

MLS: SEF #A11736741

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