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$199,000

Beds
2
Baths
2.0
sq ft
990

601 NW 78th Ter Unit 107, Margate, FL 33063

601 NW 78th Ter Unit 107

Margate, FL 33063

  • 114 days on market
Updated ground floor unit in 55+ community. Association requires 700+ credit score, income of $25.000-$30.000 Minimum DP of 20% and buyer is required to make a security deposit equal to 6 month of maintenance fee to be held in escrow for 18 months. No Rental allowed.

Details

Property type

Condominium

Est. home value

$143,758

Lot size

Unknown

Price per sq ft

$202

Year built

1974

Annual property taxes

$2,229

Monthly HOA fee

$494.67

Price History

07/17/2024
Beaches

Beaches #F10451671

Listed
$199,000
+172.6%
08/13/2020
Beaches

Beaches #F10209108

Sold
$73,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Senior community center: 

Yes

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

$136,553
Asking price
$199,000
Closing costs (~8% of asking)
-$15,920
Est. remaining loan balance
-$46,527
Cash to seller
$136,553

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

Seller’s Loan History

Lender

Hamilton Group Funding Inc

Loan start date

August 2020

Original loan amount

$51,100

Est. remaining balance

$46,527

Interest rate

3.13%

Loan type

New Conventional, 30 year

Seller

Oswin L Turner and Jennifer L Turner

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: 11/08/2024 at 11:05 AM

Listing updated: 09/30/2024 at 5:48 PM

Listed by: Danny Lewis, Lewis Real Estate Group Inc Phone #: (954) 800-7354

MLS: Beaches #F10451671

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