tomo logo

$3,195,000

Beds
7
Baths
7.5
sq ft
4,672

617 NE 16th Ter, Fort Lauderdale, FL 33304

617 NE 16th Ter

Fort Lauderdale, FL 33304

  • 68 days on market
    • Price drop $100,000↓
In the heart of Victoria Park, a fully renovated multi-family compound awaits! This property offers 7 beds and 7.5 baths across 3 homes, totaling nearly 4,700 A/C SF. A masterpiece of timeless luxury, it features new kitchens, bathrooms, plumbing, electric, central air, impact glass, roof and flooring. The updated pool area complements the main house, which boasts 3BR/3.5BA and a 1-car garage. The luxurious second-floor primary suite includes a spa-like bath. Additionally, a duplex guest house offers two 2BR/2BA units with private laundry. Perfect for families or investors, it can be used for long or short-term rentals. Situated on a 12,599 SF lot moments from Las Olas, Flagler Village, the beach and downtown. Don't miss the chance to secure this unique property in a thriving community

Details

Property type

Single Family Residence

Property condition

Under Construction

Lot size

0.29 acres

Price per sq ft

$684

Year built

1953

Annual property taxes

$12,347

Price History

06/12/2024
Beaches

Beaches #F10436792

Price change
$3,195,000
-3.03%
04/28/2024
Beaches

Beaches #F10436792

Listed
$3,295,000
+78.11%
11/30/2023
Beaches

Beaches #F10354485

Sold
$1,850,000
-15.91%

Schools & Community

Neighborhood: 

Victoria Park

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Sidewalks

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Gfi Iii Lp

Loan start date

November 2023

Original loan amount

$1,295,000

Est. remaining balance

Not provided

Interest rate

Not provided

Loan type

Balloon

Seller

Rubicon Investments Llc

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?

Similar Homes Nearby

Beaches
$3,100,000
5 bd
|
5.5 ba
|
3,962 sq ft
|
House

640 NE 17th Way, Fort Lauderdale, FL 33304

Beaches
$3,000,000
4 bd
|
5.5 ba
|
3,883 sq ft
|
House

550 NE 11th Ave, Fort Lauderdale, FL 33301

Beaches
$3,449,000
4 bd
|
2.5 ba
|
2,187 sq ft
|
House

456 Victoria Ter, Fort Lauderdale, FL 33301

Status: Active

Tomo last checked: 07/04/2024 at 11:10 PM

Listing updated: 07/04/2024 at 9:19 PM

Listed by: Chip Falkanger, Compass Florida, LLC Phone #: (305) 851-2820

MLS: Beaches #F10436792

Beaches logo