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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

  • 77 days on market
    • Price drop $10,000↓
This stunning 3-bedroom 2-bath corner lot home, just 3.2 miles from Lauderdale-by-the-Sea beach area, is sure to impress! The kitchen is designed for both style and function, featuring a paneled SUBZERO fridge, built-in wine cooler, and imported Italian granite countertops. ***NO HOA*** Enjoy the benefit of no added monthly expenses. The owner has made significant upgrades, including a new roof (2022), solar insulation panels in the attic (2023), and a beautifully remodeled gazebo (2023). The home is also dog-friendly with a side section turfed area, and ample yard space for family picnics and gatherings. Investor friendly as well! Primary room has separate entrance for nightly rentals. This home qualifies for an assumption mortgage at a low 3% 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

10/19/2024
Beaches

Beaches #F10457119

Price change
$495,000
-1.98%
10/04/2024
Beaches

Beaches #F10457119

Price change
$505,000
-0.98%
10/03/2024
Beaches

Beaches #F10457119

Price change
$510,000
-2.86%

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

$81,459
Asking price
$495,000
Closing costs (~8% of asking)
-$39,600
Est. remaining loan balance
-$373,941
Cash to seller
$81,459

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

$373,941

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: 11/05/2024 at 11:35 AM

Listing updated: 10/30/2024 at 2:55 PM

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

MLS: Beaches #F10457119

Beaches logo