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$550,000

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

  • 30 days on market
Stunning 11th-floor condo with southeast exposure, offering unobstructed direct ocean views and some of the best water views in the building. This updated, bright unit features a split floor plan. Enjoy morning coffee or unwind in the evening on the balcony, with breathtaking sunrises and sunsets. Includes one assigned garage spaces, direct beach access, and underground parking with extra storage and a separate bike storage room. Resort-style amenities include 24-hour concierge services, pools, tennis, pickleball, bocce courts, gyms, saunas, a library, a workshop, and three outdoor kitchens by the heated pools. The unit boasts floor-to-ceiling impact windows and a sliding door, making it ideal for a permanent residence or vacation getaway.

Details

Property type

Condominium

Est. home value

$485,356

Lot size

Unknown

Price per sq ft

$524

Year built

1977

Annual property taxes

$8,535

Monthly HOA fee

$1,085

Price History

06/07/2024
Beaches

Beaches #R10994317

Listed
$550,000

Schools & Community

Neighborhood: 

Beach

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Clubhouse, Tennis Court(s)

Number of units in community: 

360

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

$336,443
Asking price
$550,000
Closing costs (~8% of asking)
-$44,000
Est. remaining loan balance
-$169,557
Cash to seller
$336,443

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

$169,557

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: 07/07/2024 at 7:20 PM

Listing updated: 06/17/2024 at 11:33 AM

Listed by: Keriann Worley, Douglas Elliman Phone #: (561) 245-2635

MLS: Beaches #R10994317

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