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$549,788Estimated home value

Beds
2
Baths
2.0
sq ft
1,379

511 SE 5th Ave Unit 614, Fort Lauderdale, FL 33301

511 SE 5th Ave Unit 614

Fort Lauderdale, FL 33301

  • Sold On 10/9/2020
Welcome Home to Nu River Landing. This property is conveniently located on the 6th floor which is on the amenity deck (Steam, Sauna, Business Center, Zen Garden, BBQ Grills, Hot Tub). The home boasts high volume ceilings, stainless steel appliances, largest 2 bedroom unit in the building with large closest, laundry room with full size washer/dryer. Nu River also has other 5 star amenities such as 2 story gym, indoor racquetball/basketball courts, 24 hour valet, doorman, frontdesk, security, skydeck lounge and a 25th floor sky-deck pool with majestic views of all of downtown fort Lauderdale. Walking distance to the famous Las Olas and minutes to the beach, I95/595, and Fort Lauderdale International airport. Do Not Miss out this will not last!

Details

Property type

Condominium

Est. home value

$549,788

Lot size

Unknown

Price per sq ft

$254

Year built

2005

Annual property taxes

$6,639

Monthly HOA fee

$810

Price History

03/04/2025
SEF

SEF #A11708932

Removed
$515,000
02/11/2025
SEF

SEF #A11708932

Price change
$515,000
-6.19%
12/13/2024
SEF

SEF #A11595114

Removed
$549,000
+1.67%

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Clubhouse, Fitness Center, Street Lights

Number of units in community: 

408

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

$57,950
Asking price
$350,000
Closing costs (~8% of asking)
-$28,000
Est. remaining loan balance
-$264,050
Cash to seller
$57,950

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

Seller’s Loan History

Lender

Fembi Mortgage

Loan start date

October 2020

Original loan amount

$292,500

Est. remaining balance

$264,050

Interest rate

2.99%

Loan type

New Conventional, 30 year

Seller

Nora Marta Farr

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: Off Market

Tomo last checked: 04/02/2025 at 11:10 AM

Listing updated: 03/23/2023 at 12:55 PM

Listed by: Aaron Buchbinder, Compass Florida LLC Phone #: (561) 286-5166

MLS: Beaches #R10609454

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