3040 NE 16th Ave, #310, Oakland Park, FL, 33334 | $155,000

LOWEST PRICED UNIT AT RIVER SHORES. A/C IS IN GOOD SHAPE, ELECTRIC PANEL IS BRAND NEW, KITCHEN HAS BEEN REDONE WITH BEAUTIFUL GRANITE COUNTERS AND UPGRADED APPLIANCES. THE MAJORITY OF THE HIGH PRICED ITEMS HAVE ALREADY BEEN DONE, THE REST OF THE UNIT IS BASICALLY ORIGINAL, BUT LIVABLE. DEPENDING ON WHAT YOU WANT TO DO WITH THE APARTMENT YOU HAVE A LOT OF OPTIONS HERE. IF YOUR GOING TO BUY AS A RENTAL PROPERTY ITS RENTABLE RIGHT NOW THE WAY IT IS. NO WAITING PERIOD TO RENT AND IT'S ALL AGES BUILDING. THE CONDO HAS A STRONG RENTAL HISTORY AND GIVEN ITS LOCATION AND PROXIMITY TO WILTON MANORS THERE IS PLENTY OF APPEAL. IF YOUR GOING TO LIVE IN IT AND WANT TO RENOVATE, YOU WILL HAVE THE BUDGET TO DO UPGRADES AS THE PROPERTY HAS BEEN PRICED ACCORDINGLY. RIVER SHORES COMMUNITY OVERALL IS EXTREMELY WELL KEPT AND A GREAT COMPLEX TO LIVE IN. IT IS COMPLETELY FENCED, IT'S ON THE CANAL AND EVEN HAS ITS OWN PRIVATE BOAT DOCKS ON A FIRST COME FIRST SERVE BASIS. OTHER ADDITIONAL AMENITIES INCLUDE A POOL WITH WATER VIEWS, TENNIS, BILLIARDS, AND MORE. THE HOA INCLUDES YOUR CABLE & WI-FI. THE HOA HAS STRONG FINANCIALS, ALL REPAIRS ARE UP TO DATE, AND YOU CAN FINANCE NO PROBLEM IF YOU WISH.

Features

  • Heating: Central
  • Cooling: Central Air
  • Levels: 4
  • Amenities: Boat Dock,Billiard Room,Clubhouse,Fitness Center,Laundry,Barbecue,Picnic Area,Pool,Shuffleboard Court,Storage,Tennis Court(s),Elevator(s)
  • Bedrooms: 1
  • Baths: 1 full
  • Laundry: Common Area
  • Complex: RIVER SHORES CONDO
  • Year Built: 1963
  • Common Charge: $733 Monthly
  • Approx Sq. Feet: 600
  • Est. Taxes: $1,222
  • View: Canal,Pool,Water
  • Water Front: Yes
  • Elem. School: Wilton Manors
  • Middle School: Sunrise
  • High School: Fort Lauderdale
  • Pets Allowed: Yes
  • Pet Policy: Conditional,Yes
  • Appliances: Electric Range,Disposal,Refrigerator
  • MLS#: A12023720
  • Days on Market: 3 days
  • Website: https://www.raveis.com
    /prop/A12023720/3040ne16thave_oaklandpark_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MIAMI Association of REALTORS. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

William Raveis Family of Services

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Donald LamySales Associate

860.480.2206

Donald.Lamy@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

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To learn more about our credentials, visit raveis.com today.

Russell BaboffVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1014636

860.463.1745

Russell.Baboff@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
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Alex FerroInsurance Sales Director, William Raveis Insurance

203.610.1536

Alex.Ferro@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

3040 NE 16th Ave, #310, Oakland Park, FL, 33334

$155,000

Donald Lamy

Sales Associate

William Raveis Real Estate

Phone: 860.480.2206

Donald.Lamy@raveis.com

Russell Baboff

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 860.463.1745

Russell.Baboff@raveis.com

NMLS Mortgage Loan Originator ID 1014636

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $124,000 $124,000 $124,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.250% 6.490% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.474% 6.640% 5.972%
Monthly Tax Payment $102 $102 $102
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $763 $783 $1,030
Total Monthly Payment $940 $960 $1,207

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.