tomo logo

$450,000

Beds
2
Baths
2.0
sq ft
1,050

531 N Ocean Blvd Unit 1108, Pompano Beach, FL 33062

531 N Ocean Blvd Unit 1108

Pompano Beach, FL 33062

  • 25 days on market
Beautiful 11th floor condo with direct Ocean view from the living room and both bedrooms through the floor to ceiling impact windows. South East exposure for plenty of sunlight. Watch the sunrises and sunsets from the balcony. Tile throughout the entire unit. This condo comes with 1 garage parking space but extras are almost always available. Bike storage room and extra storage area available. Resort style amenities include 24 hour concierge services, heated pool, 3 large grills out by the pool, tennis, pickleball, bocce ball court, gym, sauna, pool table, library. This building is in great financial shape so a qualified buyer my obtain financing with as little as 5% down. Private beach access and Walk to the newly built downtown Pompano beach area with shops, restaurants, and much more.

Details

Property type

Condominium

Est. home value

$485,356

Lot size

Unknown

Price per sq ft

$429

Year built

1977

Annual property taxes

$8,535

Monthly HOA fee

$1,085

Price History

10/28/2024
SEF

SEF #A11663123

Listed
$450,000
-9.09%
08/14/2024
Beaches

Beaches #R10994317

Removed
$495,000
07/08/2024
Beaches

Beaches #R10994317

Price change
$495,000
-10%

Schools & Community

Neighborhood: 

Beach

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

$247,120
Asking price
$450,000
Closing costs (~8% of asking)
-$36,000
Est. remaining loan balance
-$166,880
Cash to seller
$247,120

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

Seller’s Loan History

Lender

Quicken Loans Llc

Loan start date

March 2021

Original loan amount

$195,000

Est. remaining balance

$166,880

Interest rate

2.79%

Loan type

New Conventional, 20 year

Seller

Lloyd E Mcguffin

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: 11/22/2024 at 5:40 PM

Listing updated: 11/04/2024 at 2:40 PM

Listed by: Michael Bergman, RE/MAX Select Group Phone #: (954) 874-2500

MLS: SEF #A11663123

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