tomo logo

$380,000

Beds
3
Baths
1.5
sq ft
1,332

16240 Lake Palm Dr, Lutz, FL 33549

16240 Lake Palm Dr

LUTZ, FL 33549

  • <1 day on market
Looking for a home in Lutz? This property offers a great opportunity. It features 3 bedrooms and 1.5 bathrooms, with the half-bath located in the master suite. The photos show the home's current condition before the residents move out on March 10, 2025. Minor repairs will be completed to ensure it's ready for you. This home is currently on septic and a well, with the option to upgrade to public utilities, making it ideal for those interested in off-grid living or self-sufficiency. With a spacious backyard and a shed for personal use. Outside, you'll find a mango tree and about 10 banana trees that produce fruit seasonally, as well as a loquat tree in the front yard. The kitchen has a new dishwasher, a bar island with seating, and a new modern Samsung refrigerator. There's also a laundry room with shelving and a clothes rack, which the homeowner is willing to include in the sale with an agreed-upon arrangement. Come see this house and imagine making it your own.

Details

Property type

Single Family Residence

Est. home value

$351,374

Lot size

8,160 sq ft

Price per sq ft

$286

Year built

1963

Annual property taxes

$3,943

HOA

No

Price History

02/28/2025
StellarMLS

StellarMLS #TB8355949

Listed
$380,000
+18.75%
01/27/2022
StellarMLS

StellarMLS #T3344175

Sold
$320,000
+93.94%
06/16/2017
StellarMLS

StellarMLS #T2877849

Sold
$165,000

Schools & Community

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

$50,529
Asking price
$380,000
Closing costs (~8% of asking)
-$30,400
Est. remaining loan balance
-$299,071
Cash to seller
$50,529

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

Seller’s Loan History

Lender

Mortgage Research Center Llc

Loan start date

January 2022

Original loan amount

$320,000

Est. remaining balance

$299,071

Interest rate

3.1%

Loan type

VA, 30 year

Seller

Joshua Schlotmann and Tiffany Arnette

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?

Status: Active

Tomo last checked: 02/28/2025 at 8:10 PM

Listing updated: 02/28/2025 at 7:45 PM

Listed by: Kristine DeBerry, FLORIDA HOMES RLTY & MORTGAGE Phone #: (904) 996-9115

MLS: StellarMLS #TB8355949

StellarMLS logo

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