tomo logo

$670,000

Beds
4
Baths
2.5
sq ft
2,345

1502 Cherrywood Ave, Tampa, FL 33613

1502 Cherrywood Ave

TAMPA, FL 33613

  • 57 days on market
    • Price drop $5,000↓
This beautifully remodeled lakefront home shows amazing! Nestled in the picturesque Lake Magdalene area of Hillsborough County, this stunning residence offers the perfect blend of modern comfort and timeless charm. As you step inside, you'll be greeted by an inviting open layout and brand-new updates adorn every room, from the gleaming floors to the stylish fixtures, ensuring a fresh and contemporary ambiance. One of the highlights of this exceptional home is its breathtaking view of the serene lake, offering a tranquil backdrop that you'll never tire of. Imagine waking up to the gentle ripple of the water and enjoying your morning coffee on the private patio as you soak in the natural beauty that surrounds you. But the luxury doesn't end there – step outside to your own private oasis. An enclosed pool awaits, offering the perfect spot to relax, unwind, and entertain year-round. Whether you're enjoying a refreshing swim on a hot summer's day or hosting a lakeside gathering with friends and family on Lake Newlands. Located in a highly sought-after neighborhood of Lake Magdelene, this property offers more than just a place to live – it provides a lifestyle. Whether you're seeking a peaceful retreat or a vibrant community atmosphere, you'll find it all right here. Cherrywood residents even have optional access to a community property on Lake Madgelene ($50 a year HOA), a boat ramp, and lake use. The local attractions and conveniences are abundant as well. PROPERTY HAS AN ASSUMABLE VA LOAN WITH A 2.625% INTEREST RATE!!!!! (Please see Truist for details) Don't miss out on the opportunity to make this incredible house your new home. Schedule a showing today and experience the epitome of luxury living in the Lake Magdalene area!

Details

Property type

Single Family Residence

Est. home value

$649,124

Lot size

0.25 acres

Price per sq ft

$286

Year built

1966

Annual property taxes

$7,358

Monthly HOA fee

$4.17

Price History

07/04/2024
StellarMLS

StellarMLS #T3525527

Price change
$670,000
-0.74%
05/29/2024
StellarMLS

StellarMLS #T3525527

Price change
$675,000
-1.6%
05/10/2024
StellarMLS

StellarMLS #T3525527

Listed
$686,000
+23.05%

Schools & Community

Elementary school: 

Lake Magdalene-HB

Middle school: 

Buchanan-HB

High school: 

Gaither-HB

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

$87,181
Asking price
$670,000
Closing costs (~8% of asking)
-$53,600
Est. remaining loan balance
-$529,219
Cash to seller
$87,181

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

Seller’s Loan History

Lender

Guaranteed Rate Inc

Loan start date

January 2022

Original loan amount

$557,500

Est. remaining balance

$529,219

Interest rate

3.1%

Loan type

VA, 30 year

Seller

Thomas S Reynolds

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: 07/05/2024 at 10:10 PM

Listing updated: 07/04/2024 at 12:03 PM

Listed by: Shelly Espy, EXP REALTY LLC Phone #: (888) 883-8509

MLS: StellarMLS #T3525527

StellarMLS logo

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