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$495,000

Beds
3
Baths
2.0
sq ft
1,655

5601 NE 8th Ave, Wilton Manors, FL 33334

5601 NE 8th Ave

Oakland Park, FL 33334

  • 164 days on market
    • Price drop $10,000↓
BACK ON THE MARKET! Buyer financing fell through. Don’t miss this beautiful 3-bedroom, 2-bathroom home on a spacious corner lot, located just a few miles from the vibrant Lauderdale-by-the-Sea area. NO HOA—enjoy the flexibility of homeownership without extra monthly costs! This home features major upgrades, including a new roof (2022), solar insulation panels in the attic (2023), and a newly remodeled gazebo (2023). The large backyard offers plenty of space for picnics, gatherings, or relaxation. Ideal for first-time homebuyers or investors, the primary bedroom includes a separate entrance, making it perfect for nightly rental opportunities. Bonus: This property qualifies for an assumable mortgage with an incredibly low 3% interest rate.

Details

Property type

Single Family Residence

Est. home value

$513,142

Lot size

7,233 sq ft

Price per sq ft

$300

Year built

1962

Annual property taxes

$8,213

Price History

01/17/2025
Beaches

Beaches #F10457119

Listed
$495,000
11/08/2024
Beaches

Beaches #F10457119

Pending
$495,000
10/19/2024
Beaches

Beaches #F10457119

Price change
$495,000
-1.98%

Schools & Community

Neighborhood: 

North Andrews Gardens

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Northeast

Community features: 

Sidewalks

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

$83,806
Asking price
$495,000
Closing costs (~8% of asking)
-$39,600
Est. remaining loan balance
-$371,594
Cash to seller
$83,806

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

Seller’s Loan History

Lender

Choice Mortgage

Loan start date

September 2021

Original loan amount

$401,591

Est. remaining balance

$371,594

Interest rate

2.77%

Loan type

FHA, 30 year

Seller

James Richard Deardon Jr and Christine Augusto Fabroa

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: 01/31/2025 at 12:50 AM

Listing updated: 01/24/2025 at 4:20 PM

Listed by: Amy Pokorney, Dalton Wade Inc Phone #: (888) 668-8283

MLS: Beaches #F10457119

Beaches logo