tomo logo

$900,000

Beds
4
Baths
3.0
sq ft
1,878

16202 Indian Mound Rd, Tampa, FL 33618

16202 Indian Mound Rd

TAMPA, FL 33618

  • 70 days on market
Location, Location, Location! This meticulously maintained 4-bedroom, 3-bathroom home with an 800-square-foot mother-in-law suite is in the highly desirable Carrollwood area of the beautiful Estates of Lake Magdalene. Known for its scenic beauty and convenient access to all Tampa offers, Estates is a sought-after community that combines tranquility with convenience. This neighborhood is known for its mature trees and lush landscapes, offering a peaceful atmosphere while still being close to shopping, dining, and entertainment. Plus, there’s no need to worry about flood insurance, CDD, or HOA fees! Sitting on a double lot, this property provides ample space and endless possibilities. The owner already has plans for a second home build, making this an incredible opportunity for those looking to expand or invest. Imagine the potential—whether you’re thinking of creating a family compound, generating rental income, or building a custom workshop, this lot has the space to make your dreams come true. Step into the backyard, and you’ll be greeted by an oversized pool surrounded by beautiful new pavers that add a touch of elegance and charm to the outdoor space. The covered seating area is perfect for relaxing and keeping cool from the Florida sun while still enjoying the outdoors. Whether you’re hosting a summer barbecue, lounging by the pool, or simply enjoying the peace and quiet of your private oasis, this backyard is designed for relaxation and entertainment. Inside the home, you’ll find an open great room seamlessly flowing into a bright kitchen. The kitchen is the heart of the home, featuring an oversized center island perfect for meal prep, casual dining, or gathering with family and friends. The wood-burning fireplace in the great room adds warmth and character, making it a cozy spot for relaxing on cooler evenings. The laundry room off the kitchen is a generous 11x9, providing plenty of space for all your storage needs. Whether you need extra room for pantry items, cleaning supplies, or laundry essentials, this room covers you. One of the standout features of this home is the nearly 800-square-foot mother-in-law suite. Complete with its full bath and laundry room, this suite offers privacy and convenience for guests or extended family members. It’s also an excellent option for those looking for a home office, studio, or rental income potential. The suite’s separate entrance ensures privacy while connecting to the main house. Living in Estates means you’re part of a well-established community with a friendly atmosphere and a strong pride in homeownership. The neighborhood is known for its beautiful, mature trees and landscaping, creating a serene environment perfect for walking, jogging, or simply enjoying the outdoors. Plus, the lack of flood insurance requirements, CDD, and HOA fees means more savings for you! Conveniently located in the heart of Carrollwood, this home is just minutes from top-rated schools, shopping centers, dining options, and recreational facilities. You’ll have easy access to major highways, making commuting a breeze and putting all of Tampa’s attractions within reach. Don’t miss your chance to own this incredible property in one of Tampa’s most desirable neighborhoods. Whether you’re looking for a spacious family home, a place to entertain, or a smart investment, this home has it all. Schedule your private showing today and experience the charm and convenience of living in Estates!

Details

Property type

Single Family Residence

Est. home value

$507,365

Lot size

0.63 acres

Price per sq ft

$480

Year built

1959

Annual property taxes

$5,458.95

HOA

No

Price History

08/29/2024
StellarMLS

StellarMLS #U8252153

Price change
$900,000
+25%
08/27/2024
StellarMLS

StellarMLS #U8252153

Listed
$720,000
+181.72%
11/15/2016
StellarMLS

StellarMLS #T2837540

Sold
$255,573

Schools & Community

Elementary school: 

Maniscalco-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

$802,444
Asking price
$900,000
Closing costs (~8% of asking)
-$72,000
Est. remaining loan balance
-$25,556
Cash to seller
$802,444

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

Seller’s Loan History

Lender

Us Bank Na

Loan start date

July 2021

Original loan amount

$28,140

Est. remaining balance

$25,556

Interest rate

2.99%

Loan type

FHA, 25 year

Seller

Dominique Metellus and Elainec Ribeiro Fonseca

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: 11/05/2024 at 6:30 PM

Listing updated: 09/22/2024 at 3:10 PM

Listed by: Bunni Longwell, KELLER WILLIAMS ST PETE REALTY Phone #: (727) 894-1600

MLS: StellarMLS #U8252153

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