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55+ Lauderdale Lakes | Rare 3.5 Fixed Assumable Rate + Owner Financing | $40k Down Property Overview: 3001 NW 48th Ave #442, Lauderdale Lakes, FL 33313 (Cypress Chase) Asking Price: $109,000 | Down Payment Required: $40,000 to $42,500 cash Description: Skip high bank interest rates and complex condo mortgage rules. This top-floor 55+ residence in Cypress Chase offers an ultra-rare financing structure that keeps your total monthly housing cost roughly $1,100 to $1,125 per month—cheaper than renting almost anywhere in Broward County. The Financing Structure: Purchase Price: $109,000 Down Payment: $40,000 to $42,500 cash First Mortgage: Assume the existing $33,000 loan at an unbeatable 3.5 fixed interest rate (approx. $191/mo principal & interest) Second Mortgage (Owner Financed): Seller will finance the remaining balance of ~$33,500 to $36,000 at 7.5 interest rate (approx. $310 to $334/mo principal & interest) Total Monthly Cost: ~$1,100 to $1,125/mo all-in, including both mortgage payments, monthly HOA maintenance, and estimated property taxes Unit & Community Features: Bright, quiet top-floor unit with an open layout and screened patio Well-maintained 55+ active adult community featuring a clubhouse, pool, shuffleboard, and social activities Convenient central Broward location near shopping, dining, medical facilities, and the Turnpike Terms & Requirements: Buyer must meet Cypress Chase Association approval requirements (55+ age verification, background, and credit check). Title, second mortgage, and closing to be handled by a licensed Florida title company / real estate attorney.
Property Details
Price: $109,000
Sq Ft: 900
($121 per
sqft)
Bedrooms: 1
Bathrooms: 1
Partial Baths: 1
Unit On Floor: 4
City: Lauderdale Lakes
County: Broward
Type: Condo
Development: Cypress Chase Condo No 6
Virtual Tour/Floorplan:
View
Year Built: 1980
Listing Number: B26093115
Status Code: A-Active
Taxes: $2,451.33
Tax Year: 2025
Application Fee: $150.00
Garage:
Furnishings: Unfurnished
Pets Allowed: No
Interior Features:
Walk-In Closet(s)
Amenities:
Pool
Spa/Hot Tub
Financial Information:
Taxes: $2,451.33
Tax Year: 2025
Association Fee: $458.00
Association Fee Frequency: Monthly
Equipment:
Electric Range
Microwave
Refrigerator
View:
Garden
Pool
School Information:
Elementary School: Castle Hill
Middle School: Lauderhill 6-12
Junior High: Lauderhill 6-12
High School: Boyd H. Anderson
Additional Information:
MLS Area: 3670
Total Square Footage: 900
Price per Square Feet: $121.11
Total Rooms: 3
Total Floors: 4
Water: Public
Construction: Cbs
Date Listed: 2026-10-27 00:00:00
Furnished: Unfurnished
Parking: Assigned
Flooring: Tile, Vinyl
Roof: Flat
Heating: Electric
Cooling: Central Air
55+ Community: Y
Pets: No
Restrictions: Other Restrictions
Sewer: Public Sewer
Parcel ID: 494125Jj0890
Amenities: Pool, Spa/Hot Tub
Map of 3001 Nw 48Th Ave #442, Lauderdale Lakes, FL 33313
Listing Courtesy Of: Byowner.com
help@byowner.com