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$749,900

Beds
3
Baths
2.0
sq ft
1,136

700 NE 16th Ct, Fort Lauderdale, FL 33305

700 NE 16th Ct

Fort Lauderdale, FL 33305

  • 60 days on market
    • Price drop $10,000↓
Immaculate home on a huge corner lot. Fully fenced with new landscaping and a new sprinkler system. Completely redone all throughout including flooring, paint, impact windows, kitchen & baths. Roof was replaced in 2024! The home also features new pool heater (2021) & new AC (2022). Perfect for full/part time residence or for vacation rental. The home has been an extremely successful vacation rental since May 2021 while being kept in perfect condition. The back yard has a large, beautiful pool that was just refinished in May 2023, including new diamond bright, tiles, decking, and 1400 SQFT of travertine tile. 3 separate areas have been designed for sun, shade, barbecue, dining, seating and games. Perfect for friends and family to relax and enjoy this gorgeous Florida sunshine!

Details

Property type

Single Family Residence

Est. home value

$721,517

Lot size

6,002 sq ft

Price per sq ft

$661

Year built

1953

Annual property taxes

$12,633

Price History

06/17/2024
SEF

SEF #A11581083

Price change
$749,900
-1.32%
05/03/2024
SEF

SEF #A11581083

Listed
$759,900
+35.7%
04/12/2021
Beaches

Beaches #R10700473

Sold
$560,000
+85.43%

Schools & Community

Neighborhood: 

Middle River Terrace

Elementary school: 

Bennett

Middle school: 

Sunrise

High school: 

Unknown

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

$220,501
Asking price
$749,900
Closing costs (~8% of asking)
-$59,992
Est. remaining loan balance
-$469,407
Cash to seller
$220,501

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

Seller’s Loan History

Lender

Fairway Independent Mortgage Corp

Loan start date

April 2021

Original loan amount

$504,000

Est. remaining balance

$469,407

Interest rate

2.97%

Loan type

New Conventional, 30 year

Seller

Daniel Flowers

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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1512 NE 18th St, Fort Lauderdale, FL 33305

Status: Active

Tomo last checked: 07/02/2024 at 7:35 PM

Listing updated: 06/17/2024 at 10:34 AM

Listed by: Luis Ruiz, EXP Realty, LLC Phone #: (786) 250-4270

MLS: SEF #A11581083

SEF logo

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