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$1,050,000

Beds
3
Baths
2.5
sq ft
2,200

5280 N Ocean Dr Unit 2, Riviera Beach, FL 33404

5280 N Ocean Dr Unit 2

Singer Island, FL 33404

  • 17 days on market
Welcome to The Reaches on Singer Island, a stunning luxury oceanfront condo offering unparalleled elegance and comfort. This structurally sound building is equipped with full hurricane impact glass protection, offering peace of mind year-round. Additionally, The Reaches boasts one of the lowest monthly association fees on the island, making it a smart investment in luxury living.This rare 3-bedroom, 2.5-bath residence features breathtaking views of both the ocean and the Intracoastal from its expansive 45-foot balcony, accessible from all bedrooms and living areas--perfect for soaking up the sunny southern exposure. The condo has been exquisitely updated with modern finishes, including white cabinetry, quartz countertops, an arabesque backsplash, and stainless steel

Details

Property type

Condominium

Est. home value

$1,410,336

Lot size

Unknown

Price per sq ft

$478

Year built

1981

Annual property taxes

$13,833

Monthly HOA fee

$1,292

Price History

10/19/2024
Beaches

Beaches #R11030174

Listed
$1,050,000
+9.09%
12/14/2021
Beaches

Beaches #R10755896

Sold
$962,500
+51.6%
09/30/2015
Beaches

Beaches #R10104776

Sold
$634,900
+81.4%

Schools & Community

Neighborhood: 

Singer Island

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Gated, Street Lights, Tennis Court(s)

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

$541,173
Asking price
$1,050,000
Closing costs (~8% of asking)
-$84,000
Est. remaining loan balance
-$424,827
Cash to seller
$541,173

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

Seller’s Loan History

Lender

Genesee Regional Bank

Loan start date

March 2022

Original loan amount

$500,000

Est. remaining balance

$424,827

Interest rate

2.62%

Loan type

New Conventional, 15 year

Seller

Stelianos Georgios Stathopoulos and Katherine L Stathopoulos

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: 11/05/2024 at 9:55 AM

Listing updated: 10/21/2024 at 7:05 PM

Listed by: Stacie Ahee, Compass Florida LLC Phone #: (305) 851-2820

MLS: Beaches #R11030174

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