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$390,000

Beds
3
Baths
2.0
sq ft
1,636

1416 Madrid Way, Winter Springs, FL 32708

1416 Madrid Way

WINTER SPRINGS, FL 32708

  • 34 days on market
    • Price drop $5,000↓
Welcome to 1416 Madrid Way in the Sunrise community. This charming 1,636 Sqft, 3 bedroom, 2 bathroom sits on a quarter acre lot, one of the larger lots in the community. Ample backyard space to expand and or utilize; add sheds, decks, pool, extend the porch, only limited to your imagination. The home features two living areas that is divided by a wall that could easily be removed if you wanted a true open floor plan but some would say the division is ideal for growing families. Both bathrooms have updated features to their vanities and mirrors and an oversized master bedroom with a walk in closet. Turning over to the community itself, it is wonderous. The amenities for only $330 per year is spectacular. Soccer Field, Tennis Court, Basketball Court, Baseball Field, Play Ground, and a Park. Outstanding!! The home is zoned for Rainbow Elementary, Indian Trails Middle and Oviedo Highschool. Not 5 minutes away from the major intersection of Red Bug and Tuskawilla Rd. where you will find grocery stores, pharmacy, fast food and restaurants, financial institutions, and more. 5 minutes further from that is Red Bug Lake Park. A monumental amount of activities occur on these fields not just for kids but including adult recreational sports such as kickball, softball, soccer, etc. This home is prime real estate location for a new or growing family. Schedule a showing and come take a look today! Video and 3D tour available.

Details

Property type

Single Family Residence

Est. home value

$376,173

Lot size

0.25 acres

Price per sq ft

$239

Year built

1978

Annual property taxes

$3,838.89

Monthly HOA fee

$27.5

Price History

10/29/2024
StellarMLS

StellarMLS #O6249943

Price change
$390,000
-1.27%
10/23/2024
StellarMLS

StellarMLS #O6249943

Pending
$395,000
10/20/2024
StellarMLS

StellarMLS #O6249943

Listed
$395,000
+97.5%

Schools & Community

Elementary school: 

Rainbow Elementary

Middle school: 

Indian Trails Middle

High school: 

Oviedo High

Community features: 

Park, Playground, Sidewalks, 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

$196,697
Asking price
$390,000
Closing costs (~8% of asking)
-$31,200
Est. remaining loan balance
-$162,103
Cash to seller
$196,697

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

Seller’s Loan History

Lender

Flagstar Bank Fsb

Loan start date

November 2016

Original loan amount

$196,377

Est. remaining balance

$162,103

Interest rate

3.48%

Loan type

FHA, 30 year

Seller

Willy John Romero and Caroline Romero

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: 11/22/2024 at 7:50 PM

Listing updated: 11/18/2024 at 4:42 PM

Listed by: Chris Neun, CENTURY 21 ALTON CLARK Phone #: (407) 636-4637

MLS: StellarMLS #O6249943

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Recently listed in WINTER SPRINGS