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$540,000

Beds
4
Baths
2.0
sq ft
2,438

105 & 107 S High St, Lake Mary, FL 32746

105 & 107 S High St

LAKE MARY, FL 32746

  • 85 days on market
    • Price drop $29,950↓
HUGE PRICE IMPROVEMENT! INVESTORS DON’T MISS YOUR CHANCE!! 2 HOMES ON 2 TAX LOTS BEING SOLD TOGETHER! A great opportunity to earn some sweat equity! Nestled among luxury residences, The home at 105 S High St with frontage to Lake Mary Blvd, consists of 994 sq ft, 2 bed and 2 baths on a 13K sq ft lot. The Brick Ranch at 107 S High st consists of 4 beds, 2 baths, 2438 Sq Ft with a garage and sits on a 17K sq ft lot. the Ranch home, with most demo work on interior already done, is a blank canvas with a great floor plan and ready for you to make it your own! Convert the smaller home to a rental or guest house, or fix and flip both for a profit! The Possibilities are ENDLESS! NO HOA and Located in the heart of Lake Mary near Downtown and only minutes to I-4! Don't miss your chance to own 2 homes and .70 acres of land in the growing and popular area of Lake Mary FL!

Details

Property type

Single Family Residence

Est. home value

$156,739

Property condition

Fixer

Lot size

0.4 acres

Price per sq ft

$222

Year built

1973

Annual property taxes

$3,548

HOA

No

Price History

10/11/2024
StellarMLS

StellarMLS #O6234733

Price change
$540,000
-5.25%
09/10/2024
StellarMLS

StellarMLS #O6234733

Price change
$569,950
-4.85%
08/21/2024
StellarMLS

StellarMLS #O6234733

Listed
$599,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$470,827
Asking price
$540,000
Closing costs (~8% of asking)
-$43,200
Est. remaining loan balance
-$25,973
Cash to seller
$470,827

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Wachovia Mortgage Corp

Loan start date

March 2002

Original loan amount

$57,000

Est. remaining balance

$25,973

Interest rate

6.96%

Loan type

Not Provided, 30 year

Seller

Bobby W Jackson

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/13/2024 at 10:45 PM

Listing updated: 10/11/2024 at 9:48 AM

Listed by: Skip Juma, LEGACY REALTY & BROKERS LLC Phone #: (407) 887-7779

MLS: StellarMLS #O6234733

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Recently listed in LAKE MARY