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$881,211Estimated home value

Beds
3
Baths
3.0
sq ft
1,623

1355 Ravens Run W, Miramar Beach, FL 32550

1355 Ravens Run W

Miramar Beach, FL 32550

  • Sold On 6/2/2023
    • Price drop $30,000↓
Professional photos coming soon! Beautiful, newly renovated Laurel Grove home with many recent upgrades. This adorable Florida cottage has new hardwood floors throughout the main kitchen/living/dining space, gorgeous new quartz countertops in the kitchen and bathrooms, and coastal chic furnishings throughout. The first floor features a master bedroom with its own updated ensuite bathroom and access to the veranda on the back of the house, as well as an additional guest bedroom. The second floor contains a spacious loft area currently being utilized as a third bedroom with its own private bathroom. Projected to produce between $50K-$60K gross rental revenue per year, this home could make for an excellent investment opportunity or be used as a primary residence or second home.

Details

Property type

Single Family Residence

Est. home value

$881,211

Lot size

3,485 sq ft

Price per sq ft

$554

Year built

2004

Monthly HOA fee

$540.68

Price History

12/23/2024
EmeraldCoast

EmeraldCoast #956859

Removed
$899,900
11/12/2024
EmeraldCoast

EmeraldCoast #956859

Price change
$899,900
-1.65%
10/02/2024
EmeraldCoast

EmeraldCoast #956859

Price change
$915,000
-0.54%

Schools & Community

Elementary school: 

Van R Butler

Middle school: 

Emerald Coast

High school: 

South Walton

Community features: 

Gated, Pool, Tennis Court(s)

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

$186,188
Asking price
$899,000
Closing costs (~8% of asking)
-$71,920
Est. remaining loan balance
-$640,892
Cash to seller
$186,188

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

Seller’s Loan History

Lender

Cogent Bank

Loan start date

May 2023

Original loan amount

$652,500

Est. remaining balance

$640,892

Interest rate

6.27%

Loan type

New Conventional, 30 year

Seller

Seth Farren and Kathryn Farren

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: Off Market

Tomo last checked: 12/23/2024 at 8:55 AM

Listing updated: 10/27/2024 at 10:46 PM

Listed by: Karen Phillips, Karen Phillips, Karen Phillips, Karen Phillips, Karen L Phillips, Sandestin Real Estate Phone #: (850) 267-8100

MLS: EmeraldCoast #920416

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