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$420,000

Beds
2
Baths
2.0
sq ft
1,136

520 SE 5th Ave Unit 2206, Fort Lauderdale, FL 33301

520 SE 5th Ave Unit 2206

Fort Lauderdale, FL 33301

  • 15 days on market
LOCATION!!! COME HOME TO THIS HIGHLY DESIRED LAS OLAS LOCATION AND ENJOY ALL THAT FORT LAUDERDALE HAS TO OFFER. CLOSE TO FINE DINING, SHOPPING, BEACHES, AIRPORT, HOSPITALS, I95, AND THE BEAUTIFUL RIVERFRONT AREA. THE BUILDING BOASTS MANY AMENITIES INCLUDING A BEAUTIFUL POOL AREA WITH CABANAS AND BBQ AND BAR AREA, FITNESS CENTER, YOGA AND BILLIARDS ROOM, INTERNET CAFE, CLUBHOUSE, AND MORE. SPLIT FLOORPLAN WITH WALK-IN CLOSETS AND SERENE BALCONY WITH A PARK AND SKYLINE VIEW. INVESTORS WELCOME, OK TO LEASE FROM DAY 1!. SPECIAL ASSESSMENT IS PAID IN FULL. VACANT AND EASY TO SHOW.

Details

Property type

Condominium

Est. home value

$381,210

Lot size

Unknown

Price per sq ft

$370

Year built

2001

Annual property taxes

$6,569

Monthly HOA fee

$1,015

Price History

06/18/2024
SEF

SEF #A11608950

Listed
$420,000
+23.53%
02/27/2024
Beaches

Beaches #R10924203

Sold
$340,000
-5.29%
01/29/2024
Beaches

Beaches #R10924203

Pending
$359,000

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

$164,620
Asking price
$420,000
Closing costs (~8% of asking)
-$33,600
Est. remaining loan balance
-$221,780
Cash to seller
$164,620

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

Seller’s Loan History

Lender

Jpmorgan Chase Bank Na

Loan start date

April 2012

Original loan amount

$305,000

Est. remaining balance

$221,780

Interest rate

3.92%

Loan type

New Conventional, 30 year

Seller

Jacob P Wohlgemuth and David Spearman Jr

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 11:55 AM

Listing updated: 06/18/2024 at 8:05 PM

Listed by: Jennifer Yoder, Premier Elite Realty Inc. Phone #: (305) 442-2122

MLS: SEF #A11608950

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