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$400,000

Beds
2
Baths
2.0
sq ft
1,136

520 SE 5th Ave Unit 2508, Fort Lauderdale, FL 33301

520 SE 5th Ave Unit 2508

Fort Lauderdale, FL 33301

  • 107 days on market
    • Price drop $18,000↓
This fantastic condo comes with 2 garage parking spaces, a rare find in the building! The kitchen features a new microwave, new disposal, newer stove, granite counter tops and a small breakfast bar. Both bedrooms have new carpet and offer spaciousness & convenience with walk-in closets. Step outside onto your covered balcony & enjoy views of the cityscape. Las Olas by the River boasts an array of amenities, including a large pool & spa, private cabanas, grill, pool bar equipped with TVs, massage/yoga room, billiards room, internet café, & a fitness center. Additionally, rest assured with 24-hour security/concierge services. Its prime location offers proximity to major highways, the beach, and the airport.

Details

Property type

Condominium

Est. home value

$462,750

Lot size

Unknown

Price per sq ft

$353

Year built

2001

Annual property taxes

$6,570

Monthly HOA fee

$1,015

Price History

06/30/2024
Beaches

Beaches #F10430381

Price change
$400,000
-4.31%
06/11/2024
Beaches

Beaches #F10430381

Price change
$418,000
-2.79%
05/17/2024
Beaches

Beaches #F10430381

Price change
$430,000
-2.25%

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

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

$154,599
Asking price
$400,000
Closing costs (~8% of asking)
-$32,000
Est. remaining loan balance
-$213,401
Cash to seller
$154,599

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

Seller’s Loan History

Lender

A&D Mortgage Llc

Loan start date

August 2021

Original loan amount

$227,500

Est. remaining balance

$213,401

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

Om Prosperity Company Llc

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: 07/05/2024 at 11:45 PM

Listing updated: 06/30/2024 at 1:33 AM

Listed by: Robyn Contract, LoKation Phone #: (954) 545-5583

MLS: Beaches #F10430381

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