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$1,150,000

Beds
6
Baths
5.5
sq ft
6,100

1200 W Lake Otis Dr SE, Winter Haven, FL 33880

1200 W Lake Otis Dr SE

WINTER HAVEN, FL 33880

  • 940 days on market
THIS PROPERTY WAS ORIGINALLY 2 HOMES THAT WERE CO-JOINED. THE CURRENT OWNER HAS RECREATED TWO FULLY SEPARATE LIVING SPACES. OWNER LIVES IN ONE SIDE AND HAS A VERY SUCCESSFUL AIRBNB ON THE OTHER SIDE. THIS IS A UNIQUE OPPORTUNITY FOR A LARGE FAMILY, EXTENDED FAMILY WITH IN-LAWS, OR THOSE LOOKING FOR A STEADY STREAM OF SUPPLEMENTAL INCOME. BEAUTIFUL LAKEFRONT POOL HOME WITH EXPANSIVE VIEWS. EACH ROOM IS DETAILED WITH CROWN MOULDING THROUGHOUT. GORGEOUS WOOD FLOORS. LARGE BEDROOMS AND OPEN LIVING SPACES ABOUND.

Details

Property type

Single Family Residence

Est. home value

$591,315

Lot size

0.74 acres

Price per sq ft

$189

Year built

1926

Annual property taxes

$13,904.93

Price History

02/22/2022
StellarMLS

StellarMLS #P4919411

Listed
$1,150,000

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

$601,096
Asking price
$1,150,000
Closing costs (~8% of asking)
-$92,000
Est. remaining loan balance
-$456,904
Cash to seller
$601,096

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

Seller’s Loan History

Lender

A&D Mortgage Llc

Loan start date

July 2022

Original loan amount

$471,200

Est. remaining balance

$456,904

Interest rate

5.23%

Loan type

New Conventional, 30 year

Seller

Nancy Nga Ngo and Dat Quang Nguyen

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?

Similar Homes Nearby

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$1,300,000
5 bd
|
4 ba
|
4,591 sq ft
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House

121 E Lake Summit Dr, Winter Haven, FL 33884

Status: Active

Tomo last checked: 09/19/2024 at 11:45 AM

Listing updated: 04/16/2024 at 2:18 PM

Listed by: Caspian Collany, COLLANY PROPERTIES Phone #: (863) 295-9886

MLS: StellarMLS #P4919411

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Recently listed in WINTER HAVEN