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$695,000

Beds
5
Baths
3.0
sq ft
2,683

1147 Davis Ln, Englewood, FL 34224

1147 Davis Ln

ENGLEWOOD, FL 34224

  • 41 days on market
    • Price drop $90,000↓
Bring your horses and your business! Located just North of 776 in Englewood, this unique property features two (2) homes and sits on over an acre of land which is zoned “Residential Estate” (RE2) allowing for a wide range of uses including accessory structures, limited agriculture and keeping of animals (please see the attached document from the Sarasota County Planning Department defining RESIDENTIAL ESTATE and permitted uses). The main home (front) has 1675 SqFt of heated/air-conditioned space and over a thousand SqFt of covered outdoor living space. There are 3 bedrooms and two full baths, an attached 2-car garage, a large covered lanai in the front and a wonderful covered outdoor living area in the back with a sitting area, a dining area and spa. To the rear is a new pool with sliding board and covered awning. Behind the main home is a 2 bed/1 bath home with 1040 SqFt of heated/air-conditioned space which is currently being used as a licensed salon. Both homes have new roofs and the front home has a new 5-ton A/C. The solar panels sell power back to FP&L keeping the monthly electric bills to a third of what they would be otherwise. The current owner is a contractor and has a shipping container (which is included with the purchase) in the rear converted into a workshop with water and electric. There is also a storage shed and lots of parking for vehicles, machinery and work vehicles. The adjacent lot (1 acre) to the left of the homes can also be purchased with the two homes. The property is surrounded by thousands of acres of land owned by the Englewood Water Management District to the North and the Myakka State Forest to the East with horse riding and hiking trails. Lots of possibilities and potential given the zoning and size of the land.

Details

Property type

Single Family Residence

Lot size

1.17 acres

Price per sq ft

$260

Year built

1979

Annual property taxes

$2,321.88

HOA

No

Price History

10/30/2024
StellarMLS

StellarMLS #C7498407

Price change
$695,000
-11.46%
09/24/2024
StellarMLS

StellarMLS #C7498407

Listed
$785,000
+460.71%
12/15/2011
StellarMLS

StellarMLS #C7017946

Sold
$140,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

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

Lender

Pennymac Loan Services Llc

Loan start date

January 2020

Original loan amount

$199,300

Est. remaining balance

$180,345

Interest rate

3.66%

Loan type

New Conventional, 30 year

Seller

Leocardio M Cabrera

Lender

Ifreedom Direct Corp

Loan start date

May 2013

Original loan amount

$149,450

Est. remaining balance

$110,225

Interest rate

3.57%

Loan type

VA, 30 year

Seller

Leocardio M Cabrera

Lender

Ifreedom Direct Corporation

Loan start date

June 2012

Original loan amount

$147,970

Est. remaining balance

$106,715

Interest rate

3.88%

Loan type

VA, 30 year

Seller

Leocardio M Cabrera

Lender

Ifreedom Direct Corporation

Loan start date

December 2011

Original loan amount

$144,620

Est. remaining balance

Not provided

Interest rate

4.1%

Loan type

Commercial, 30 year

Seller

Leocardio M Cabrera

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: 11/04/2024 at 5:00 PM

Listing updated: 10/31/2024 at 6:54 AM

Listed by: Michael Sullivan, PUNTA GORDA-PORT CHARLOTTE REA Phone #: (941) 646-9226

MLS: StellarMLS #C7498407

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Recently listed in ENGLEWOOD