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$1,500,000

Beds
3
Baths
2.0
sq ft
1,845

1101 Cara Ct, Marco Island, FL 34145

1101 Cara Ct

Marco Island, FL 34145

  • 25 days on market
This beautifully maintained waterfront home with a sunny southern exposure is tucked away on a quiet cul-de-sac in a sought-after neighborhood. It's just a short stroll to the beach, shops, and lively entertainment spots. Some standout features include a tough 50-year roof put on in 2018, a stylishly updated kitchen and bathrooms, a newer hot water heater, and all-new appliances. Plus, most windows are hurricane-proof and all windows have hurricane shutters, along with a new garage door! The heated pool, which has been resurfaced in a lovely dark blue, not only looks great but also helps keep your heating costs down. The driveway has fresh brick pavers in both the front and back, and you'll enjoy an appealing flood insurance rate of about $1000 a year. This is a fantastic chance to own a piece of prime real estate in Marco, complete with boating access along with only 1 bridge to the gulf at an unbeatable price!

Details

Property type

Single Family Residence

Est. home value

$1,190,806

Lot size

8,712 sq ft

Price per sq ft

$814

Year built

1982

Annual property taxes

$8,030

HOA

No

Price History

12/08/2024

FGCMLS #224097056

Listed
$1,500,000
+27.12%
12/15/2023

FGCMLS #223011913

Sold
$1,180,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Senior community center: 

Yes

Number of units in community: 

1

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

$904,180
Asking price
$1,500,000
Closing costs (~8% of asking)
-$120,000
Est. remaining loan balance
-$475,820
Cash to seller
$904,180

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

Seller’s Loan History

Lender

Bank Of America Na

Loan start date

December 2023

Original loan amount

$480,000

Est. remaining balance

$475,820

Interest rate

7.79%

Loan type

New Conventional, 30 year

Seller

Michael D Booth

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?

Status: Active

Tomo last checked: 01/03/2025 at 1:55 AM

Listing updated: 12/21/2024 at 3:05 PM

Listed by: Marietta Rumps, Engel & Volkers Marco Island Phone #: (239) 963-4223

MLS: FGCMLS #224097056

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