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$329,000

Beds
3
Baths
1.0
sq ft
1,214

1074 Cherry St, Jacksonville, FL 32205

1074 Cherry St

Jacksonville, FL 32205

  • 163 days on market
    • Price drop $10,000↓
JUST REDUCED! Assumable VA mortgage at 2.875%! You don't want to miss out on this Craftsman style bungalow in the beautiful Riverside/Avondale area. Only a few blocks to the restaurants & shoppes on King & Post St. Five-minute drive to the Shoppes of Avondale or Five Points. Relax on the front porch with coffee in the mornings & wine in the evenings. Original hardwood floors with wood burning fireplace (seller has never used). Built in bookcases separate the living & dining rooms. Kitchen with smooth top range, stainless steel refrigerator, dishwasher & cabinets with corner carousel. Reverse Osmosis unit under the sink. Rear deck overlooking the backyard. Small gate in back with pavers for alley access. Large shed with room for all your toys. Roof - December 2014. EcoSmart tankless HWH - 2018. HVAC - 2012. Replumbed - 2001. Washer & dryer included. Better hurry for this charmer! * VA assumable loan with release of liability & VA substitution. * VA Assumable loan at 2.875% interest rate! Wow! You can assume this loan without being an owner occupant. Seller does want buyer with substitution of VA entitlement.

Details

Property type

Single Family Residence

Est. home value

$356,320

Lot size

6,534 sq ft

Price per sq ft

$272

Year built

1926

Annual property taxes

$4,504.95

Price History

10/20/2024
RealMLS

RealMLS #2029422

Price change
$329,000
-2.95%
09/13/2024
RealMLS

RealMLS #2029422

Price change
$339,000
-2.87%
08/05/2024
RealMLS

RealMLS #2029422

Listed
$349,000

Schools & Community

Neighborhood: 

Riverside

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

-$5,206
Asking price
$329,000
Closing costs (~8% of asking)
-$26,320
Est. remaining loan balance
-$307,886
Cash to seller
-$5,206

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

Seller’s Loan History

Lender

Fairway Independent Mortgage Corp

Loan start date

December 2021

Original loan amount

$327,360

Est. remaining balance

$307,886

Interest rate

3.14%

Loan type

VA, 30 year

Seller

John J Minnehan

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 11:00 PM

Listing updated: 11/13/2024 at 1:46 PM

Listed by: EVELYN MARTIN, THE LEGENDS OF REAL ESTATE Phone #: (904) 595-5959

MLS: RealMLS #2029422

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