tomo logo

$260,000

Beds
2
Baths
2.0
sq ft
1,110

7561 NW 1st St Unit 208, Margate, FL 33063

7561 NW 1st St Unit 208

Margate, FL 33063

  • 236 days on market
Welcome to your serene oasis! This stunning corner unit condo boasts the perfect blend of comfort and luxury in a 55+ community. With 2 bedrooms, 2 bathrooms, and an expansive balcony offering breathtaking garden and lake views. Step inside to discover the allure of stainless steel appliances, granite countertops, sleek laminated floors, modern and beautiful bathrooms and convenient built-in closets, enhancing both style and functionality. Bathed in natural light due to its privilaged corner position with only one neighbor on the side, this sun-soaked sanctuary invites you to unwind in tranquility. Noteworthy for first-time homebuyers, this property offers a rare opportunity allowing for financing with just a 3% down payment and with only 5% down poayment for other buyers.

Details

Property type

Condominium

Est. home value

$192,337

Lot size

Unknown

Price per sq ft

$235

Year built

1980

Annual property taxes

$1,752

Monthly HOA fee

$678

Price History

05/10/2024
SEF

SEF #A11561676

Price change
$260,000
+20.93%
04/03/2024
SEF

SEF #A11561676

Listed
$215,000
+74.94%
07/15/2020
SEF

SEF #A10839779

Sold
$122,900

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Senior community center: 

Yes

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

$130,753
Asking price
$260,000
Closing costs (~8% of asking)
-$20,800
Est. remaining loan balance
-$108,447
Cash to seller
$130,753

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

Seller’s Loan History

Lender

Hamilton Group Funding Inc

Loan start date

July 2020

Original loan amount

$119,213

Est. remaining balance

$108,447

Interest rate

3.21%

Loan type

New Conventional, 30 year

Seller

Jesus A Lopez

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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7708 Margate Blvd Unit C3-4, Margate, FL 33063

Status: Active

Tomo last checked: 11/25/2024 at 5:20 AM

Listing updated: 10/04/2024 at 2:07 AM

Listed by: Carlos Herrera, Coldwell Banker Realty Phone #: (305) 672-6300

MLS: SEF #A11561676

SEF logo

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