tomo logo

$350,000

Beds
3
Baths
2.0
sq ft
1,149

1120 S Scenic Hwy, Lake Wales, FL 33853

1120 S Scenic Hwy

LAKE WALES, FL 33853

  • 1 day on market
ATTN INVESTORS OR HOMEOWNERS THAT NEED 2 HOMES AND AN RV PAD, THIS IS PERFECT FOR YOU! ALSO, YOU WILL HAVE 175' OF BELLE LAKE FRONTAGE AND THE MOST AWESOME SUNSETS EVERY NIGHT! ALL OF THIS ON ALMOST AN ACRE OF LAND WITH A CIRCULAR DRIVE FOR EASY IN AND OUT! LOCATED CLOSE TO SHOPPING, RESTAURANTS AND MEDICAL! THE MAIN HOUSE IS A 2BR 1 BA WITH DEN WITH BEAUTIFUL WOOD FLOORS AND 2 PATIOS AND THE GUEST HOUSE IS A 1BR 1 BA WITH KITCHEN AND STORAGE. BOTH HOMES HAVE ONLY 6 YR OLD ROOFS AND SEPTIC WAS REPLACED 2 YRS AGO. WITH SO MANY OPPORTUNITIES THAT THIS PROPERTY HAS, I DON'T EXPECT IT TO LAST VERY LONG!

Details

Property type

Single Family Residence

Est. home value

$335,299

Lot size

0.82 acres

Price per sq ft

$305

Year built

1945

Annual property taxes

$2,099.33

HOA

No

Price History

09/18/2024
StellarMLS

StellarMLS #P4932076

Listed
$350,000
+84.31%
03/11/2021
StellarMLS

StellarMLS #P4913681

Sold
$189,900

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

$313,945
Asking price
$350,000
Closing costs (~8% of asking)
-$28,000
Est. remaining loan balance
-$8,055
Cash to seller
$313,945

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

Seller’s Loan History

Lender

Freedom Mortgage Corp

Loan start date

June 2023

Original loan amount

$8,192

Est. remaining balance

$8,055

Interest rate

6.39%

Loan type

FHA, 28 year

Seller

Zulma Esther Ayala Aviles

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: 09/19/2024 at 11:45 AM

Listing updated: 09/19/2024 at 6:51 AM

Listed by: John Cain, HARPER REALTY FL, LLC Phone #: (863) 687-8020

MLS: StellarMLS #P4932076

StellarMLS logo

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