tomo logo

$540,000

Beds
3
Baths
2.0
sq ft
1,709

739 NW 2nd Ave, Fort Lauderdale, FL 33311

739 NW 2nd Ave

Fort Lauderdale, FL 33311

  • 13 days on market
Investors Special ! Unique Opportunity to own ONE home or BOTH attached twin homes (2units) in fast developing Progresso Village. The rental market is thriving in the immediate area. Rent both homes on a short or long term basis or live in one and rent the other. 2017 Built that consist identical floor plans. 3/2 with 1,708 Sqft each, updated kitchen/bath, 1 car garage each, impact windows. Each home is listed for $540,000. Asking price for both $1,080,000. Avg market rent is $3,300 per home. $6600 total/mo. 5 cap rate, New constructions abounds in the area, fast developing occurring 20 projects under construction... FAT village, $300 million mixed-use development 2027. Walking distance to Thrive Arts, Fat Village, Flagler Village & Brightline. Priced to Sell. Property recently appraised.

Details

Property type

Single Family Residence

Est. home value

$480,241

Lot size

3,250 sq ft

Price per sq ft

$316

Year built

2017

Annual property taxes

$6,673

Price History

09/06/2024
Beaches

Beaches #F10459830

Listed
$540,000

Schools & Community

Neighborhood: 

Progresso Village

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

$305,284
Asking price
$540,000
Closing costs (~8% of asking)
-$43,200
Est. remaining loan balance
-$191,516
Cash to seller
$305,284

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

Seller’s Loan History

Lender

Americas Mortgage Professionals Llc

Loan start date

October 2018

Original loan amount

$214,400

Est. remaining balance

$191,516

Interest rate

4.51%

Loan type

New Conventional, 30 year

Seller

Raymond R Rapaglia and Tracey V Castillo

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
$600,000
3 bd
|
2 ba
|
1,108 sq ft
|
House

1528 NE 1st Ave, Fort Lauderdale, FL 33304

Price drop
SEF
$500,000
3 bd
|
2 ba
|
1,183 sq ft
|
House

1437 NE 3rd Ave, Fort Lauderdale, FL 33304

Beaches
$549,990
3 bd
|
2 ba
|
1,141 sq ft
|
House

1432 NW 7th Ter, Fort Lauderdale, FL 33311

Status: Active

Tomo last checked: 09/18/2024 at 9:15 PM

Listing updated: 09/12/2024 at 9:16 AM

Listed by: Dodley Emmanuel, The Keyes Company Phone #: (954) 467-0105

MLS: Beaches #F10459830

Beaches logo