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Fort Lauderdale,FL 33315
Key Details
Property Type Condo
Sub Type Condo
Listing Status Active
Purchase Type For Sale
Square Footage 1,500 sqft
Price per Sqft $63
Subdivision Subdivisionname
MLS Listing ID F10512771
Style Condo 5+ Stories
Bedrooms 3
Full Baths 2
HOA Fees $1,825/mo
Year Built 1971
Annual Tax Amount $6,003
Tax Year 2024
Property Sub-Type Condo
Sub Type Condo
Property Description
DISCLOSURE - Buyer is paying $95K for the future option to pay 95% of the appraised value to HUD in the future. Not now as there is No pending action and HUD paying property taxes currently as well. This is a HUD HECM Law to protect homeowner on title. HUD HECM loan with max principle owed $291,000 that matures in 2087. HECM lenders are required to offer option of satisfying reverse mortgage by paying 95% of appraised present value. No active pleadings so the only costs are the HOA fees currently. - This unit needs everything and sold AS IS - but does have three bedrooms which is rare. Corner Unit with many amenities including fitness center, pickelball, pool, tennis courts, elevators and no fixed bridges for boaters. And a security gate.
Location
State FL
County Broward County
Community River Reach
Area Ft Ldale Sw (3470-3500;3570-3590)
Building/Complex Name RIVER REACH
Interior
Heating Central Heat
Cooling Central Cooling
Flooring Carpeted Floors,Tile Floors
Equipment Dishwasher,Gas Water Heater,Refrigerator,Wall Oven
Exterior
Exterior Feature Open Balcony
Community Features GatedCommunityYN
Amenities Available Bbq/Picnic Area
Waterfront Description No Fixed Bridges
Building
Foundation Concrete Block Construction
Others
Acceptable Financing Cash,Owner Financing
Listing Terms Cash,Owner Financing
Special Listing Condition As Is,Handyman Special
Pets Allowed Size Limit