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$510,000

Beds
2
Baths
2.0
sq ft
1,125

531 N Ocean Blvd Unit 1502, Pompano Beach, FL 33062

531 N Ocean Blvd Unit 1502

Pompano Beach, FL 33062

  • 20 days on market
Completely updated 2-bedroom, 2-bathroom convertible corner unit with floor-to-ceiling impact glass. Enjoy stunning ocean and intracoastal views from two balconies. Features include maple cabinetry, granite counters, and white appliances, ac 2 years old. Silver Thatch offers 24/7 security, garage parking, heated pools, tennis, pickleball, bocce, fitness center, sauna, extra storage and a new covered barbecue area. Prime location, just steps from the fishing pier, restaurants, shopping, boating, golf, and more in the heart of Pompano Beach.

Details

Property type

Condominium

Est. home value

$514,783

Lot size

Unknown

Price per sq ft

$454

Year built

1977

Annual property taxes

$6,473

Monthly HOA fee

$1,162

Price History

12/03/2024
Beaches

Beaches #F10474295

Listed
$510,000
+50%
04/15/2020
Beaches

Beaches #F10219168

Sold
$340,000

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

$286,655
Asking price
$510,000
Closing costs (~8% of asking)
-$40,800
Est. remaining loan balance
-$182,545
Cash to seller
$286,655

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

Seller’s Loan History

Lender

Fairway Independent Mortgage Corp

Loan start date

April 2020

Original loan amount

$202,000

Est. remaining balance

$182,545

Interest rate

3.45%

Loan type

New Conventional, 30 year

Seller

Michael T Carney and Kristin M Carney

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: 12/22/2024 at 7:20 PM

Listing updated: 12/19/2024 at 1:05 PM

Listed by: Rachael Barach, RE/MAX Preferred Phone #: (954) 396-5900

MLS: Beaches #F10474295

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