tomo logo

$449,900

Beds
5
Baths
3.0
sq ft
1,452

1608 Mercy Dr, Orlando, FL 32808

1608 Mercy Dr

ORLANDO, FL 32808

  • 206 days on market
GREAT OPPORTUNITY TO OWN A PROPERTY IN AN UP-AND-COMING NEIGHBORHOOD. MAIN HOUSE HAS 4 BEDS AND 2 BATHS WITH AN ATTACHED IN-LAW 1/1. LARGE LOT THAT MAY HAVE FUTURE COMMERCIAL POSSIBILITIES (CHECK WITH COUNTY).

Details

Property type

Single Family Residence

Est. home value

$295,907

Lot size

1.0 acres

Price per sq ft

$310

Year built

1958

Annual property taxes

$4,237

Price History

04/16/2024
StellarMLS

StellarMLS #O6196632

Listed
$449,900
+73.04%
01/14/2022
StellarMLS

StellarMLS #O5991038

Sold
$260,000
+152.67%
10/02/2020
StellarMLS

StellarMLS #G5031068

Sold
$102,900

Schools & Community

Neighborhood: 

Mercy Drive

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

$210,997
Asking price
$449,900
Closing costs (~8% of asking)
-$35,992
Est. remaining loan balance
-$202,911
Cash to seller
$210,997

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

Seller’s Loan History

Lender

Finance Of America Mortgage Llc

Loan start date

January 2023

Original loan amount

$207,000

Est. remaining balance

$202,911

Interest rate

6.58%

Loan type

Not Provided, 30 year

Seller

Wgh Investments Llc

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: 11/08/2024 at 1:35 PM

Listing updated: 04/17/2024 at 6:58 AM

Listed by: Judith Taveras, GENESIS REALTY SERVICES INC. Phone #: (305) 823-6124

MLS: StellarMLS #O6196632

StellarMLS logo

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