1300 S Broadway , #25

    Lantana, FL 33462
    • $46,500
    • STATUS: Active
    • ON SITE: 110 days
    • ID#: RX-10517194
    UPDATED: 41 min ago
    $46,500
    • 1
      BEDS
    • N/A
      ACRES
    • 1
      BATHS
    • 0
      1/2 BATHS
    • 617
      SQFT
    • $75
      $/SQFT
    Type:
    Co-Op
    Built:
    1960
    County:
    Area:

    School Ratings & Info

    Description

    This is a great location and opportunity for anyone who is looking for affordable Florida living that is in walking distance close to everything!This is great 55+ co-op community in the heart of the downtown Lantana. It has a open floor plan. It features new carpet in the living-room, updated bathroom and plenty of storage / closet space. The dues are quarterly at $350. this is low and so is the cost of living here.You can walk to the public transportation, shops, beach, police / fire, and I-95. You can literally walk to everything. It is priced to sell quickly. So call today for a showing. These units are hard to find in such a good location. It is a co-op so read the description below if you want to understand better.What is a co-op? Short for "cooperative," a co-op takes the concept of teamwork to new heights for homeowners. Here's why: When you buy a co-op home, you don't technically buy (or own) your property. Instead, you buy shares in a corporation that owns it. The bigger your home, the more shares you own. While the number of shares you own will affect your taxes, maintenance fees, and other financial matters, owning more shares does not mean you can monopolize all building-related decisions. Typically each shareholder has an equal say in how the co-op is run and maintained. Residents typically vote on any decision that affects the building; they also elect certain residents as board members who carry out the group's wishes and handle other nitty-gritty details in more depth. In order to buy a home in a co-op, you'll need to be approved by the co-op board"it's a bit like interviewing for a job (but maybe more stressful). And while a board's power to allow or deny you entry to a building may seem intimidating or even humiliating, the board's admittance decisions, by law, are supposed to be exclusively based on the prospective buyers' ability to pay, and their willingness to live by the terms of the association's rules and regulations. (Author Realtor dot com ) "Under no circumstances can someone be turned down because of age, sex, race, sexual orientation, or religion," says Washington real estate attorney Benny L. Kass. In order for the co-op board to assess financial eligibility, potential buyers must submit their financial records, not unlike what they may have submitted to qualify for a loan. The co-op board approval process for new buyers will also come into play when you sell, as your prospective buyers will need to interview and pass muster as well.

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    © 2019 All rights reserved. All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2019 Beaches Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2019-07-18T11:05:24.48.
    www.westpalmhomesearch.com/homes/93172525

    1300 S Broadway , #25 Lantana, FL 33462

    • Price: $46,500
    • Status: Active
    • Updated: 41 min ago
    • ID#: RX-10517194
    1
    Beds
    1
    Baths
    0
    ½ Baths
    N/A
    Acres
    617
    SQFT
    $75
    $/SQFT
    1960
    Built
    Neighborhood:
    Lantana Gardens Inc 1300 S Broadway St Lantana Fl
    County:
    Palm Beach
    Area:
    Lantana
    Property Description
    This is a great location and opportunity for anyone who is looking for affordable Florida living that is in walking distance close to everything!This is great 55+ co-op community in the heart of the downtown Lantana. It has a open floor plan. It features new carpet in the living-room, updated bathroom and plenty of storage / closet space. The dues are quarterly at $350. this is low and so is the cost of living here.You can walk to the public transportation, shops, beach, police / fire, and I-95. You can literally walk to everything. It is priced to sell quickly. So call today for a showing. These units are hard to find in such a good location. It is a co-op so read the description below if you want to understand better.What is a co-op? Short for "cooperative," a co-op takes the concept of teamwork to new heights for homeowners. Here's why: When you buy a co-op home, you don't technically buy (or own) your property. Instead, you buy shares in a corporation that owns it. The bigger your home, the more shares you own. While the number of shares you own will affect your taxes, maintenance fees, and other financial matters, owning more shares does not mean you can monopolize all building-related decisions. Typically each shareholder has an equal say in how the co-op is run and maintained. Residents typically vote on any decision that affects the building; they also elect certain residents as board members who carry out the group's wishes and handle other nitty-gritty details in more depth. In order to buy a home in a co-op, you'll need to be approved by the co-op board"it's a bit like interviewing for a job (but maybe more stressful). And while a board's power to allow or deny you entry to a building may seem intimidating or even humiliating, the board's admittance decisions, by law, are supposed to be exclusively based on the prospective buyers' ability to pay, and their willingness to live by the terms of the association's rules and regulations. (Author Realtor dot com ) "Under no circumstances can someone be turned down because of age, sex, race, sexual orientation, or religion," says Washington real estate attorney Benny L. Kass. In order for the co-op board to assess financial eligibility, potential buyers must submit their financial records, not unlike what they may have submitted to qualify for a loan. The co-op board approval process for new buyers will also come into play when you sell, as your prospective buyers will need to interview and pass muster as well.
    Exterior Features

    Construction BlockCbsConcrete Design < 4 Floors Front Exposure W Parking Assigned Private Pool YN No Roof Comp Rolled Storm Protection Other Partial Waterfront Description None Waterfront YN No

    Interior Features

    Baths Total 1.00 Cooling Wall-Win A/C Dining Area Dining-Living Equipment Appliances Included MicrowaveRange - ElectricRefrigerator Flooring CarpetTile Furnished Partially Furnished Heating Window/Wall Interior Features Built-In Shelves Master Bedroom Bath Combo Tub/Shower Rooms None

    Property Features

    Application Fee 100.00 Built Desc Resale Contingents Other Governing Bodies Coop Hoa Fee Per Month 118.00 Homeowners Association Mandatory HOPA Yes-Verified List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Membership Equity YN No Pets Allowed No Possession Funding REO No Restrictions Buyer ApprovalOther Short Sale No Short Sale Addendum No Short Sale AU N/A Special Assessment No Sq Ft Total 617.00 Subdivision Amenities Sidewalks Tax Amount 837.00 Tax Year 2019 Taxes City/County Terms Considered CashConventional Unit Floor Number 2.00 Utilities CableElectricPublic Water Zoning R15

    Listing provided courtesy of Woolf Realty Inc..

    © 2019 All rights reserved. All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2019 Beaches Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2019-07-18T11:05:24.48.
     
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