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$1,169,000

Beds
4
Baths
2.0
sq ft
1,879

638 SW 5th Ave, Fort Lauderdale, FL 33315

638 SW 5th Ave

Fort Lauderdale, FL 33315

  • 106 days on market
    • Price drop $31,000↓
MODERN TARPON RIVER INVESTMENT OPPORTUNITY. WELL MAINTAINED HOME WITH 3 BEDS/1 BATH AND GUEST HOUSE/COTTAGE WITH 1 BED/1 BATH NICE SIZE LIVING ROOM WITH SEPARATE PRIVATE ENTRANCE, UTILITY ROOM, STORAGE AREA, SEPARATE ELECTRIC METERS, PATIOS AND DRIVEWAYS. 1890 TOTAL SQ FT, BEAUTIFUL POOL IN THE MIDDLE WITH LUSH LANDSCAPING. CLOSE TO LEWIS LANDING PARK ON THE NEW RIVER, DOWNTOWN FT LAUDERDALE, LAS OLAS, RIVERWALK, FLL INT AIRPORT & BEACHES... GREAT INVESTMENT OPPORTUNITY OR AIRBNB! LIVE IN MAIN HOUSE & COLLECT INCOME FROM COTTAGE OR VICE VERSA.

Details

Property type

Single Family Residence

Est. home value

$789,787

Lot size

7,250 sq ft

Price per sq ft

$623

Year built

1958

Annual property taxes

$7,256

Price History

05/22/2024
Beaches

Beaches #F10430507

Price change
$1,169,000
-2.58%
03/22/2024
Beaches

Beaches #F10430507

Listed
$1,200,000
+100%
07/02/2021
Beaches

Beaches #F10281335

Sold
$600,000
+79.1%

Schools & Community

Neighborhood: 

Tarpon River

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Park

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

$612,738
Asking price
$1,169,000
Closing costs (~8% of asking)
-$93,520
Est. remaining loan balance
-$462,742
Cash to seller
$612,738

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

Seller’s Loan History

Lender

Guaranteed Rate Inc

Loan start date

June 2021

Original loan amount

$495,000

Est. remaining balance

$462,742

Interest rate

2.94%

Loan type

New Conventional, 30 year

Seller

Peter G Ebben Ross and Jose A Bandes

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: 07/05/2024 at 10:40 PM

Listing updated: 06/29/2024 at 9:28 AM

Listed by: Brian McCarthy, Grandiose Real Estate LLC Phone #: (954) 650-0597

MLS: Beaches #F10430507

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