tomo logo

$650,000

Beds
3
Baths
3.0
sq ft
2,045

5300 S Atlantic Ave Unit 16, New Smyrna Beach, FL 32169

5300 S Atlantic Ave Unit 16

NEW SMYRNA BEACH, FL 32169

  • 77 days on market
    • Price drop $20,000↓
In consideration for using an approved lender, the seller agrees to a credit up to $10,000. The credit can be allocated toward temporary or permanent rate buy down, closing costs and/or prepaids. Seller credit may not exceed allowable contribution limits based on loan types. Great investment opportunity or move into This Ocean Walk 6th floor highly sought after mini-penthouse unit with direct views of the Indian River Lagoon. Very peaceful spacious balcony with amazing sunset views and rocket launches. Unit comes fully furnished with a lot of upgrades. newer stainless steel LG appliances, granite countertops, new lighting and ceiling fans, blackout screens in living room and master bedroom, coastal shutters, large laundry room, new carpet in all three bedrooms, remote control screen on patio, new cabinets just installed in master closet and laundry room, TVs and much more. Building 16 is just far enough from the parking lots and pools so it very peaceful. Close to the Beach access walkway and easy access to pool and club house. Unit comes with rental bookings that will transfer after sale. Don't miss out on this amazing property. Call today for details.

Details

Property type

Condominium

Est. home value

$455,587

Lot size

0.53 acres

Price per sq ft

$318

Year built

2006

Annual property taxes

$8,152

HOA

No

Price History

11/07/2024
StellarMLS

StellarMLS #O6235765

Price change
$650,000
-2.99%
09/13/2024
StellarMLS

StellarMLS #O6235765

Price change
$670,000
-0.74%
08/24/2024
StellarMLS

StellarMLS #O6235765

Listed
$675,000
-23.72%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated, Clubhouse, Fitness Center, Pool, Sidewalks, 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

$435,325
Asking price
$650,000
Closing costs (~8% of asking)
-$52,000
Est. remaining loan balance
-$162,675
Cash to seller
$435,325

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

Seller’s Loan History

Lender

Fbc Mortgage Llc

Loan start date

June 2018

Original loan amount

$183,750

Est. remaining balance

$162,675

Interest rate

4.55%

Loan type

New Conventional, 30 year

Seller

Gary H Wright and Sheryl B Wright

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?

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Status: Active

Tomo last checked: 11/09/2024 at 11:35 AM

Listing updated: 11/07/2024 at 5:12 AM

Listed by: Sharon Snow, COLLADO REAL ESTATE Phone #: (386) 427-0002

MLS: StellarMLS #O6235765

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