tomo logo

$449,000

Beds
2
Baths
2.0
sq ft
1,083

520 SE 5th Ave Unit 2404, Fort Lauderdale, FL 33301

520 SE 5th Ave Unit 2404

Fort Lauderdale, FL 33301

  • 141 days on market
Bright and private corner unit with park views in a quiet oasis, walking distance to downtown, steps away from the Riverfront. This wonderful unit offers split bedrooms and an open kitchen to living room and dining room. Walk along the river or take a free water trolly to the Broward Performing Arts Center or restaurants along Las Olas and enjoy the steady stream of yachts and revelers. This complex has resort style amenities with pool, hot tub, fitness center and underground convenient parking. Las Olas by the River is a pet friendly building and provides ample parking for your visitors. The beach is less than three miles away. Centrally located between Palm Beach and Miami, there’s an abundance of entertainment to choose from. Currently leased until June 15, 2025.

Details

Property type

Condominium

Est. home value

$432,574

Lot size

Unknown

Price per sq ft

$415

Year built

2001

Annual property taxes

$6,196

Monthly HOA fee

$957

Price History

08/08/2024
Beaches

Beaches #F10454735

Listed
$449,000
-2.18%
07/28/2024
Beaches

Beaches #F10421860

Removed
$459,000
04/30/2024
Beaches

Beaches #F10421860

Price change
$459,000
-2.13%

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

Number of units in community: 

240

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

$102,288
Asking price
$449,000
Closing costs (~8% of asking)
-$35,920
Est. remaining loan balance
-$310,792
Cash to seller
$102,288

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

Seller’s Loan History

Lender

Fairway Independent Mortgage Corp

Loan start date

September 2023

Original loan amount

$315,000

Est. remaining balance

$310,792

Interest rate

6.78%

Loan type

New Conventional, 30 year

Seller

Lynn S Sullivan

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: 12/27/2024 at 6:45 PM

Listing updated: 12/19/2024 at 7:00 PM

Listed by: Patrick Sullivan, SSI Realty of Florida LLC Phone #: (954) 761-8186

MLS: Beaches #F10454735

Beaches logo

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