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$1,249,000

Beds
3
Baths
3.0
sq ft
2,761

1700 Lake Markham Rd, Sanford, FL 32771

1700 Lake Markham Rd

SANFORD, FL 32771

  • 158 days on market
    • Price drop $50,000↓
BREATHTAKING HOME ON ONE ACRE OF DIRECT LAKEFRONT ON LAKE MARKHAM - Renovated, remodeled, and reimagined in 2024, experience exceptional lakeside living on a lush and manicured 1-acre lot NO HOA. Nestled in a wooded and manicured enclave, this hidden treasure boasts a grand circular driveway, an oversized 3-car garage, and panoramic Lake Markham views, and boasts the indoor and outdoor living spaces to take full advantage of them. Bring your vehicles, boats, and recreational gear; abundant storage space is available for all your needs. Experience the peaceful charm of Lake Markham from sunrise to sunset, making it your idyllic retreat. Meticulously remodeled and renovated in 2024 showcasing the very best designer high-end fixtures, LED lighting, and too many upgrades to list. The reconfigured primary suite is truly a sanctuary unto itself with a vast walk-in closet and brand-new spa-quality bath. This open and airy floorplan boasts loads of natural light and panoramic vistas of Lake Markham throughout. Your all-new gourmet kitchen with double ovens, massive center island, and soft-close cabinetry will amaze both home cooks and professionals, while the views of Lake Markham take center stage from the dining, living, and family rooms. Incredible corner sliding glass doors let the indoors flow out; this is where the magic begins. The absolute epitome of Florida lakeside living will be appreciated by all atop a brand new nearly 2,500SF outdoor living space featuring a brand new pool, summer kitchen, and a multitude of configurations for entertaining guests and family. An outdoor living space like no other unveils the peace and tranquility of lakefront living, featuring stunning views of multi-million dollar homes shimmering across the water in the evenings. The new pool enhances the lakeside experience, adding another layer of enjoyment. Nestled on over an acre, this slice of paradise is the most affordably priced move-in ready lakefront property in Seminole County, surrounded by luxurious multi-million dollar estates. Be taken away by incredible sunset views every single day, and enjoy peace of mind with replaced/upgraded roof, windows, HVAC, well pump, ALL FLOORS, BATHROOMS, KITCHEN, PAINT, STUCCO, and MUCH more!! Enjoy breathtaking sunsets and watersports on Lake Markham. All this and much more with incredible ease of access to major highways, business districts, world-class attractions, restaurants, and shopping. This property may be under audio/visual surveillance.

Details

Property type

Single Family Residence

Est. home value

$772,261

Lot size

1.07 acres

Price per sq ft

$453

Year built

1956

Annual property taxes

$7,530

HOA

No

Price History

11/13/2024
StellarMLS

StellarMLS #O6214811

Price change
$1,249,000
-3.85%
10/03/2024
StellarMLS

StellarMLS #O6214811

Price change
$1,299,000
-7.15%
06/18/2024
StellarMLS

StellarMLS #O6214811

Listed
$1,399,000
+67.54%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Markham Woods Middle

High school: 

Seminole High

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

$723,062
Asking price
$1,249,000
Closing costs (~8% of asking)
-$99,920
Est. remaining loan balance
-$426,018
Cash to seller
$723,062

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

Seller’s Loan History

Lender

Home Point Financial Corporation

Loan start date

September 2021

Original loan amount

$457,000

Est. remaining balance

$426,018

Interest rate

2.87%

Loan type

New Conventional, 30 year

Seller

Hector Ponce and Irene Ponce Edwards

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: 11/23/2024 at 8:55 AM

Listing updated: 11/13/2024 at 9:12 AM

Listed by: Frank Benevento, COLDWELL BANKER REALTY Phone #: (407) 333-8088

MLS: StellarMLS #O6214811

StellarMLS logo

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