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$750,000

Beds
3
Baths
1.0
sq ft
1,441

11350 Old Grade Rd, Polk City, FL 33868

11350 Old Grade Rd

POLK CITY, FL 33868

  • 293 days on market
    • Price drop $25,000↓
Listed below appraised value. Introducing a historic gem nestled in the heart of serene countryside living. This 3 bedroom, 1 bath home boasts timeless Southern charm and is situated on 25 wonderful acres (4 parcels being sold together), making it perfect for those seeking a tranquil escape. The home features newer carpet and tile (2021), newer kitchen appliances (2021), and newer master bathroom (2020). The property has two wells (the back well is new), a new water softener, electricity, 2 small ponds, and a new 14-ton grain silo, catering to agricultural endeavors such as raising cattle. An internet tower with fiber optics ensures connectivity for both the home and the separate 16X24 air-conditioned office that could be a guest room (recently remodeled), providing an ideal setting for remote work or a private retreat. Revel in the Florida lifestyle with a picturesque setting. There’s a 40’ x 80’ pole barn (recently installed) that could easily be converted to 12 stalls and a carport that is being used as a screened recreational room (24’ x 24’) for entertaining. Owners spent thousands of dollars on clearing and seeding a large chunk of the property (cleared 10 acres and grassed 2.5 acres). They also fenced 10 acres of the property. There used to be an arena on the property. The clay from the arena remains on the property. The property offers equestrian possibilities, allowing you to ride horses or ATVs across the expansive grounds. The absence of an HOA provides the freedom to shape the property to your dreams and desires. With easy access to I-4, it’s just minutes away from the attractions, shopping, and restaurants, blending the allure of country life with modern conveniences. This unique estate presents an amazing opportunity to experience farm life, embrace the beauty of nature, and create your own paradise in the heart of Florida. Don’t miss the chance to own this one-of-a-kind property that seamlessly blends history, functionality, and the allure of the countryside.

Details

Property type

Single Family Residence

Est. home value

$1,045,607

Lot size

25.34 acres

Price per sq ft

$521

Year built

1918

Annual property taxes

$4,593.63

Price History

09/09/2024
StellarMLS

StellarMLS #O6161270

Price change
$750,000
-3.23%
08/26/2024
StellarMLS

StellarMLS #O6161270

Price change
$775,000
-6.06%
08/16/2024
StellarMLS

StellarMLS #O6161270

Price change
$825,000
-2.94%

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

$278,759
Asking price
$750,000
Closing costs (~8% of asking)
-$60,000
Est. remaining loan balance
-$411,241
Cash to seller
$278,759

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

Seller’s Loan History

Lender

Change Lending Llc

Loan start date

August 2021

Original loan amount

$440,100

Est. remaining balance

$411,241

Interest rate

2.9%

Loan type

New Conventional, 30 year

Seller

Nancy Scarberry and Eddie Scarberry

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: 09/19/2024 at 11:55 AM

Listing updated: 09/10/2024 at 6:53 AM

Listed by: Barbara Radosky, CENTURY 21 PROFESSIONAL GROUP Phone #: (407) 573-2121

MLS: StellarMLS #O6161270

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