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$550,000

Beds
3
Baths
2.0
sq ft
1,651

801 S Ocean Dr Unit 401, Hollywood, FL 33019

801 S Ocean Dr Unit 401

Hollywood, FL 33019

  • 25 days on market
amazing property very close to the beach, SIRS STUDY DONE, AND ASSESSED AT $2362 YEARLY , BUILDING A BETTER RESERVE. A TRUE 3/2, NEW HURRICANE IMAPACT WINDOWS AND DOORS, COVERED PARKING , NEW GYM, WASHER/DRYER IN UNIT, GREAT VIEWS FROM ALL ROOMS. CAN NOT RENT FOR THE FIRST 3 YEARS, BUT IF SOMEONE INTERESTED FOR BUY AND HOLD, OWNER WILL RENT AND YOU ASSUME TENNANT, THAN ONLY 2 YEARS LEFT TO WAIT, OR JUST MOVE IN THEN, LOWEST PRICE 3 BEDROOM ON THE BEACH.

Details

Property type

Condominium

Est. home value

$610,910

Lot size

Unknown

Price per sq ft

$334

Year built

1970

Annual property taxes

$5,008

Monthly HOA fee

$867

Price History

10/28/2024
Beaches

Beaches #F10468735

Listed
$550,000
+44.74%
12/05/2017
Beaches

Beaches #H10341857

Sold
$380,000

Schools & Community

Neighborhood: 

South Central Beach

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Number of units in community: 

63

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

$286,668
Asking price
$550,000
Closing costs (~8% of asking)
-$44,000
Est. remaining loan balance
-$219,332
Cash to seller
$286,668

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

Seller’s Loan History

Lender

Paramount Residential Mortgage Group Inc

Loan start date

December 2017

Original loan amount

$255,000

Est. remaining balance

$219,332

Interest rate

3.88%

Loan type

New Conventional, 30 year

Seller

Edward F Bennett and Gregory E Bennett

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 3:15 PM

Listing updated: 11/11/2024 at 1:08 AM

Listed by: Daniel Kennedy, Hollywood Beach Realty Inc Phone #: (954) 922-5030

MLS: Beaches #F10468735

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