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$560,000

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

  • 36 days on market
    • Price drop $10,000↓
**Stunning Large Corner Residence in Prime Downtown Location** Unparalleled urban living situated in the heart of downtown on the New River. Rare - Unique layout with 1379 sq ft, this residence is located on the amenity fl with 11-foot ceilings. Steps from your door, enjoy convenient access to BBQ grills, a fully equipped business center, and steam/sauna locker rooms. The building amenities are designed to cater to every lifestyle need. From a basketball court and racquetball court to a stunning rooftop pool with breathtaking views, you'll find endless opportunities for recreation and relaxation. Stay fit in the state-of-the-art fitness center, and entertain guests in the gorgeous riverfront lobby, complete with 24-hour concierge and valet services.

Details

Property type

Condominium

Est. home value

$549,788

Lot size

Unknown

Price per sq ft

$407

Year built

2006

Annual property taxes

$5,715

Monthly HOA fee

$1,148

Price History

07/01/2024
SEF

SEF #A11595114

Price change
$560,000
-1.75%
05/28/2024
SEF

SEF #A11595114

Listed
$570,000
+75.38%
10/09/2020
Beaches

Beaches #R10609454

Sold
$325,000

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

$246,051
Asking price
$560,000
Closing costs (~8% of asking)
-$44,800
Est. remaining loan balance
-$269,149
Cash to seller
$246,051

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

$269,149

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: Active

Tomo last checked: 07/03/2024 at 11:10 AM

Listing updated: 07/01/2024 at 11:04 AM

Listed by: Robin Smith, Douglas Elliman Phone #: (954) 874-0740

MLS: SEF #A11595114

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