tomo logo

$559,000

Beds
5
Baths
3.0
sq ft
1,850

650 SW 28th Ter, Fort Lauderdale, FL 33312

650 SW 28th Ter

Fort Lauderdale, FL 33312

  • <1 day on market
Whether you are an investor looking for rental income or a home owner looking for income possibilities, this property is for you. The expansive home with 5 bedrooms and a bonus room generates an impressive $4500 in monthly rental income. Offering a newer roof and impact windows/doors to be installed at closing. With its flexible layout, the home has multiple floorplan configurations to suit a variety of needs. Bathrooms and kitchen were recently upgraded with granite countertops and porcelain tiles. AC is few years old. Fresh paint, new plumbing and electrical. Suited on a large lot with massive yard space with ample outdoor potential for a pool, landscaping, entertainment or additional structures. Lease ends in March 2025. Call for further details, amazing deal.

Details

Property type

Single Family Residence

Est. home value

$460,099

Lot size

8,125 sq ft

Price per sq ft

$303

Year built

1964

Annual property taxes

$8,326

Price History

01/13/2025
SEF

SEF #A11723127

Listed
$559,000
+33.1%
02/28/2024
SEF

SEF #A11459241

Removed
$420,000
+5.4%
02/15/2024
SEF

SEF #A11459241

Sold
$398,500
-5.12%

Schools & Community

Neighborhood: 

Melrose Manors

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

Highlands Residential Mortgage Ltd

Loan start date

February 2024

Original loan amount

$391,281

Est. remaining balance

$387,732

Interest rate

6.61%

Loan type

FHA, 30 year

Seller

Abel Vladimir Morales Jr

Lender

Florida Housing Finance Corp

Loan start date

February 2024

Original loan amount

$19,564

Est. remaining balance

Not provided

Interest rate

6.61%

Loan type

Stand Alone Second

Seller

Abel Vladimir Morales Jr

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?

Status: Active

Tomo last checked: 01/14/2025 at 5:30 AM

Listing updated: 01/13/2025 at 11:05 AM

Listed by: Helen Orukotan, Element Real Estate Group Phone #: (786) 206-9077

MLS: SEF #A11723127

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