1 / 20661 SW 28th Way, Fort Lauderdale FL 33312
Fort Lauderdale, FL
List Price
$640,000
Type
Single Family
Bedrooms
5
Bathrooms
3
Price / SqFt
$288/sqft
Price reduction
5.9% below original list — was $680,000
From the listing
Come to see one of the most beautiful homes in the area. This home features 5 bedrooms, 3 baths with a large backyard where you can relax after a long day of work. A large efficiency that can help with the mortgage payment.Enough room to add another efficiency. This house is a money making. Brand new kitchen, nice paint job, large laundry room. Don't miss this opportunity
Property Information
- Square Feet
- 2,224
- Units
- 1
- Days on Market
- 294
- Status
- active
Location
- County
- Broward County
- Zip Code
- 33312
- Coordinates
- 26.1125, -80.1806
Represented by Academia
Academia Real Estate Corp can represent you on this property. Use the inquiry form to have a licensed broker reach out with full details and next steps.
Permit history
Permit records
Live permit data isn’t available via open data for this jurisdiction yet — check the official record directly.
Private inquiry
Interested in this deal?
Tell us a little and a licensed broker will follow up about this property.
Why this deal
- 5.9% off original list price
- Value-add opportunity
- Represented end-to-end by Academia
- Active listing — move quickly
Deal Score
49/100
Fair
is scored →
Scored neutral: our comparable-sale selection is being rebuilt so that it no longer references the asking price, and we will not score equity from an estimate we are not willing to publish.
5.9% off original list (full marks at 25%+).
294 days on market (full marks at 120+ — more time = more leverage).
No explicit distress language in the public remarks.
A screen of the public MLS data we have — not an appraisal, valuation, or investment advice. Factors marked “assumed” were missing from the feed and scored neutral.
Deal scorecard
How four stakeholders read this deal
Strengths
- Roof age ~5 yr — below the 4-point threshold; likely insurable at standard rates
- Roof permit finalized 2021 — 4-point-clean signal
Risks
- Negative estimated equity — buying above estimated ARV, verify comps
- Flood zone unknown — verify with FEMA NFHL before closing; mandatory flood insurance may apply
- thin equity — lender-unfriendly LTV (≈ 98% of ARV)
What a super-investor sees
Investor
Investor equity estimate based on ARV from closed MLS comps minus list price and estima…
- Negative estimated equity — buying above estimated ARV, verify comps
What a bank sees
Lender / financing
Lender financeability estimate based on list price, ARV, and condition signals. Not a f…
- thin equity — lender-unfriendly LTV (≈ 98% of ARV)
What an insurer sees
Insurance / 4-point
Insurability read from roof, electrical, plumbing and HVAC ages in the public record. B…
- Roof age ~5 yr — below the 4-point threshold; likely insurable at standard rates
- Flood zone unknown — verify with FEMA NFHL before closing; mandatory flood insurance may apply
What a GC / AHJ sees
Permits / condition
Permit records from City of Fort Lauderdale Building Permit Tracker; records may lag — verify open permits with the AHJ. Coverage begins 2022. Records current through 2026-03-16.
- Roof permit finalized 2021 — 4-point-clean signal
4-point — last permit
- Roof2021-11-17
- Electricalnone on record
- Plumbingnone on record
- HVACnone on record
Estimates from public data — not an appraisal, insurance quote, or financing commitment. Insurability as of 2026-08-10. Verify with licensed professionals.
Deal calculator
Value-add deal calculator
661 SW 28th Way, Fort Lauderdale FL 33312, Fort Lauderdale, FL
ARV is seeded from the asking price, not from comps — enter your own after-repair value. We are rebuilding comparable-sale selection so it no longer references the ask, and we will not pre-fill this field from an estimate we are not publishing.
Recommended max offer
$388,733
Room vs list (above list)
$251,267
Est. equity
-$103,575
-16% of ARV, at list
ROC at list
-14%
Est. all-in at list
$743,575
list + rehab + txn + carry
70% rule MAO
$422,500
Estimates only — not investment advice or an offer. ARV is drawn from recent closed comps; rehab from a rate-card range. Verify ARV, rehab, and all costs with a licensed professional before acting.