David Lewis

David Lewis

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$475,000

($370,093 down)
FHA

7240 Tropicana St, Miramar, FL 33023

3
2
1,360 sqft
PITI Monthly
$1,454.63 /mo

Listing courtesy of: Rose Thompson, High Equity Realty, Inc.

Assumed Rate

6.5%
7.15%

Principal & Interest

$967 /mo
$1,033 /mo

What's Special

GRANITE COUNTERTOPS
STAINLESS STEEL APPLIANCES
HISTORIC
CHARMING

Opportunity knocks in Historic Miramar! This charming 3-bedroom, 2-bath single-story home offers great potential with 1,360 sq ft of living space on a 6,000 sq ft lot. Featuring impact windows for peace of mind and no Home Owner Association. This home is perfect for first-time buyers or anyone ready to update and customize a space to fit their vision. The kitchen is already upgraded with granite countertops and stainless steel appliances—giving you a great head start on your renovations. Whether you're looking to renovate further or invest in your future, this home is a blank canvas with solid bones in a well-established neighborhood.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
6.5
Remaining Loan Term
13 years, 9 months
Monthly PITI
$1,454.63/mo
Estimated Loan Balance
$139,792
Cash to close
$370,093
Interest Paid
$140,877

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: CentralAir
  • Heating: None
Features
  • Materials: Block
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Hardwood, Wood

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Composition, Shingle
Parking
  • Garage: No
  • Garage Spaces: 0
  • Carport: Yes
  • Carport Spaces: 1
Water
  • Sewer: PublicSewer
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories:
  • Home type: SingleFamilyResidence
  • Architectural Style: OneStory
Materials
  • Block
  • Roof: Composition, Shingle
Condition
  • Year Built: 1960
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Miramar Sec 9 48-31 B
  • Features: NonGated
HOA
  • Has HOA: No
Location
  • Region: Miramar

Financial Details

  • Price per Sqft: $349.26
  • Tax Annual Amount: $2552
  • On Market Date: 2025-04-21T00:00:00.000Z
Inquire about this property

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Apply to Assume

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

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Savings Calculator

Current cash to close is $370,093 (78%)
You can enter any amount below - secondary financing will cover the difference if needed.
78%
$

You cover the entire equity of $370,093!

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

Loan Breakdown

Assumed Mortgage6.5% Sellers Rate
$104,907
Your Cash:$370,093
Total Purchase Price:$475,000

Assumed vs Traditional Mortgage

Assumed @ 6.5%
$967/mo
Traditional @ 7.15%
$1,072/mo
You save $105/month ($1,258/year)

*Secondary financing rates are an estimated value based on input

MLS ID: F10499497

Listing From:

Last updated: 2025-04-23T21:32:41.000Z

© , 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

6.5%
7.15%

Principal & Interest

$967 /mo
$1,033 /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 $370,093 (78%)
You can enter any amount below - secondary financing will cover the difference if needed.
78%
$

You cover the entire equity of $370,093!

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

Loan Breakdown

Assumed Mortgage6.5% Sellers Rate
$104,907
Your Cash:$370,093
Total Purchase Price:$475,000

Assumed vs Traditional Mortgage

Assumed @ 6.5%
$967/mo
Traditional @ 7.15%
$1,072/mo
You save $105/month ($1,258/year)

*Secondary financing rates are an estimated value based on input

Follow Us
Community, Brokered by Real
Agent/Broker
David LewisCommunity, Brokered by Real(303) 668-4343basecamp@realcommunity.comMLS

© 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 Community, Brokered by Real 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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