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$599,000

Beds
1
Baths
1.0
sq ft
554

820 N Ocean Blvd Unit 10, Pompano Beach, FL 33062

820 N Ocean Blvd Unit 10

Pompano Beach, FL 33062

  • 5 days on market
Welcome to Shoreline Serenity, a rare and coveted one-bedroom cottage directly on the sand of the Atlantic Ocean. This unique property in a boutique 18 unit complex, one of the last of its kind, is situated between the iconic Hillsboro Lighthouse and the bustling Pompano Pier and beach/restaurant district. Perfect for cash buyers, investors, or developers seeking a prime investment, this gem allows rentals with a 30-day minimum, 12 x/year. Offering organic beach life with walkability to vibrant restaurants, fishing off the pier, and health & wellness in the park, this is an unmatched opportunity. Whether you desire a beach getaway, a smart investment or a full time residence in paradise, this is the one for you.

Details

Property type

Condominium

Est. home value

$417,169

Lot size

Unknown

Price per sq ft

$1,082

Year built

1951

Annual property taxes

$7,643

Monthly HOA fee

$560

Price History

09/13/2024
SEF

SEF #A11656119

Listed
$599,000
+40.94%
08/19/2022
Beaches

Beaches #F10339141

Sold
$425,000

Schools & Community

Neighborhood: 

Beach

Elementary school: 

Pompano Bch Elem

Middle school: 

Pompano B.Middle

High school: 

Blanche Ely

Number of units in community: 

18

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

$332,237
Asking price
$599,000
Closing costs (~8% of asking)
-$47,920
Est. remaining loan balance
-$218,843
Cash to seller
$332,237

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

Seller’s Loan History

Lender

Everett Financial Inc

Loan start date

August 2022

Original loan amount

$224,999

Est. remaining balance

$218,843

Interest rate

5.81%

Loan type

New Conventional, 30 year

Seller

Adam D Ingber

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: 09/18/2024 at 1:35 AM

Listing updated: 09/17/2024 at 3:07 PM

Listed by: Elizabeth Ciborowski, Douglas Elliman Phone #: (954) 874-0740

MLS: SEF #A11656119

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