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$2,399,000

Beds
3
Baths
3.5
sq ft
2,520

704 N Ocean Blvd Unit 501, Pompano Beach, FL 33062

704 N Ocean Blvd Unit 501

Pompano Beach, FL 33062

  • 89 days on market
    • Price drop $50,000↓
Completely remodeled with designer finishings. Endless unobstructed views of direct ocean to the north + south, intracoastal and city views to the west. Unit has all new appliances, electric blinds, designer lighting inc. Hubbardton Forge, custom ceiling details, custom closets, and floor to ceiling windows. Key lifestyle elements include private elevator, 24/7 valet/security, reasonable HOA fees, NEW ROOF 2023, garage parking, renovated lobby, updated amenities and beach access. Located in walking distance from trendy restaurants and attractions. In growth area of Pompano Beach that is thriving, 20 min from downtown FTL and 20 min from BOCA. Fees are substantially less than any comparable condos in the area.

Details

Property type

Condominium

Est. home value

$2,018,588

Lot size

Unknown

Price per sq ft

$952

Year built

2007

Annual property taxes

$18,575

Monthly HOA fee

$2,344

Price History

09/29/2024
SEF

SEF #A11647702

Price change
$2,399,000
-2.04%
08/26/2024
SEF

SEF #A11647702

Listed
$2,449,000
+14.44%
02/24/2023
Beaches

Beaches #F10360977

Sold
$2,140,000
+144.57%

Schools & Community

Neighborhood: 

Beach

Elementary school: 

Unknown

Middle school: 

Unknown

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

$1,772,022
Asking price
$2,399,000
Closing costs (~8% of asking)
-$191,920
Est. remaining loan balance
-$435,058
Cash to seller
$1,772,022

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

Seller’s Loan History

Lender

Bankers Mortgage Lending Inc

Loan start date

May 2019

Original loan amount

$484,350

Est. remaining balance

$435,058

Interest rate

4.28%

Loan type

New Conventional, 30 year

Seller

Michelle Ross

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: 11/22/2024 at 9:55 PM

Listing updated: 11/09/2024 at 11:35 PM

Listed by: Nicholas Napoli, Fidelity Real Estate LLC Phone #: (954) 205-6673

MLS: SEF #A11647702

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