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$249,990

Beds
3
Baths
2.0
sq ft
1,010

8061 Southgate Blvd Unit I5, North Lauderdale, FL 33068

8061 Southgate Blvd Unit I5

North Lauderdale, FL 33068

  • 13 days on market
**EXCELLENT INVESTOR OPPORTUNITY- 6% ROI- Rented for $2000 until 8-31-2025 (market rents are upwards of $2350) * This 2/2 (has a 3rd bonus bedroom- has a door and window & AC duct but no closet but large enough to fit a bed and clothing drawer at present) in the highly sought after and well maintained/managed community of Royale Gardens is the PERFECT Condo to add to your rental portfolio. LOW monthly Maint fee of $355 (w/reserves), a split floorplan, washer/dryer in unit and a storage room on your front patio make up this condo.  Community has a pool. Unit is tiled throughout. A/C Replaced in 2022, WASHER/DRYER, REFRIGERATOR & STOVE All replaced in 2022. MUST HONOR LEASE- Investors ONLY. ALSO have FOUR (4) other units for Sale in this community as well- SEE MLS# A11590774

Details

Property type

Condominium

Est. home value

$208,293

Lot size

Unknown

Price per sq ft

$248

Year built

1988

Annual property taxes

$3,513

Monthly HOA fee

$355

Price History

09/04/2024
SEF

SEF #A11653599

Listed
$249,990
+92.3%
12/02/2020
Beaches

Beaches #F10243773

Sold
$130,000

Schools & Community

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

$116,867
Asking price
$249,990
Closing costs (~8% of asking)
-$19,999
Est. remaining loan balance
-$113,124
Cash to seller
$116,867

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

Seller’s Loan History

Lender

Beckam Funding Corp

Loan start date

December 2020

Original loan amount

$123,500

Est. remaining balance

$113,124

Interest rate

2.81%

Loan type

New Conventional, 30 year

Seller

Cedrick Larrieux

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: 09/16/2024 at 8:40 PM

Listing updated: 09/16/2024 at 12:17 PM

Listed by: Mitchell Lvovsky, Cutting Edge Investments & Realty Inc Phone #: (954) 547-1962

MLS: SEF #A11653599

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