Laura Jewett

Laura Jewett

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$3,000,000

($2,797,360 down)
FHA

521 SW 3rd Ave, Fort Lauderdale, FL 33315

N/A
N/A
sqft
PITI Monthly
$2,755.84 /mo

Listing courtesy of: Alejandro Saenz de la Calzada Rosenstein, The Keyes Company

Assumed Rate

3.5%
7.15%

Principal & Interest

$1,279 /mo
$1,923 /mo

What's Special

INVESTORS
LOCATION
INVESTMENT OPPORTUNITY

Prime Downtown Ft. Lauderdale Development Site – Zoned RAC-SMU Development site mixed-use in one of the fastest-growing areas in Fort Lauderdale! This development site offers a unique opportunity for builders and investors to create a high-impact project in a prime downtown location. RAC-SMU zoning, flexible for townhouse development, apartment buildings, condos, etc Up to 6 stories | Conditional Use: Up to 12 stories High-Growth Location: Rapidly evolving area with strong demand for mixed-use projects Investment Opportunity: Ideal for builders & investors seeking a prime urban development site Zoning Flexibility: Supports diverse, high-quality projects aligned with market needs Don't miss this chance...secure a top-tier site in Downtown Ft. Lauderdale’s booming market!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.5
Remaining Loan Term
17 years, 8 months
Monthly PITI
$2,755.84/mo
Estimated Loan Balance
$203,328
Cash to close
$2,797,360
Interest Paid
$106,447

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms:
  • Bathrooms:
Cooling & Heating
  • Cooling: Unknown
  • Heating: Unknown
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Unknown
Parking
  • Garage: No
  • Garage Spaces:
  • Carport: No
  • Carport Spaces: 0
Water
  • Sewer: Unknown
  • Water Source: Unknown
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Other
  • Architectural Style: Unknown
Materials
  • Unknown
  • Roof: Unknown
Condition
  • Year Built:
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Ft Lauderdale B-40 D
  • Features: Unknown
HOA
  • Has HOA: No
Location
  • Region: Fort Lauderdale

Financial Details

  • Price per Sqft: $3,000,000
  • Tax Annual Amount: $11706
  • On Market Date: 2025-03-19T00:00:00.000Z
Inquire about this property

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

Apply now

Savings Calculator

Current cash to close is $2,797,360 (93%)
You can enter any amount below - secondary financing will cover the difference if needed.
93%
$

You cover the entire equity of $2,797,360!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage3.5% Sellers Rate
$202,640
Your Cash:$2,797,360
Total Purchase Price:$3,000,000

Assumed vs Traditional Mortgage

Assumed @ 3.5%
$1,279/mo
Traditional @ 7.5%
$1,995/mo
You save $716/month ($8,595/year)

*Secondary financing rates are an estimated value based on input

MLS ID: F10493300

Listing From:

Last updated: 2025-03-20T03:30:53.000Z

© , FTL. All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.

Assumed Rate

3.5%
7.15%

Principal & Interest

$1,279 /mo
$1,923 /mo
Inquire about this property

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

Apply now

Savings Calculator

Current cash to close is $2,797,360 (93%)
You can enter any amount below - secondary financing will cover the difference if needed.
93%
$

You cover the entire equity of $2,797,360!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage3.5% Sellers Rate
$202,640
Your Cash:$2,797,360
Total Purchase Price:$3,000,000

Assumed vs Traditional Mortgage

Assumed @ 3.5%
$1,279/mo
Traditional @ 7.5%
$1,995/mo
You save $716/month ($8,595/year)

*Secondary financing rates are an estimated value based on input

Follow Us
UMe Assumptions
Agent/Broker
Laura Jewett(480) 628-2563laura@azinspiredliving.comMLS SA525254000

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© Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Listing Service. Real estate listings held by brokerage firms other than are marked with the Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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