tomo logo

$399,000

Beds
3
Baths
2.0
sq ft
1,699

1702 Reef Ct, Venice, FL 34293

1702 Reef Ct

VENICE, FL 34293

  • Pending
    • Price drop $21,000↓
Under contract-accepting backup offers. PRICE ADJUSTED! Welcome to 1702 Reef Court! If you appreciate older homes for their structure, character, neighborhood, and very low fees, this may be your next home! Located in the established community of Venice Gardens, this one-level 3 bedroom, 2 bath pool home offers a convenient floor plan & is located on a quiet cul-de-sac. Well-built in 1974 and sturdy, this home has endured Ian, Helene, and Milton without any flooding, not even standing water on the streets. This is a well-functioning home, re-plumbed with all mechanicals and systems maintained & upgraded for effectiveness & efficiency. Customize and define the space for YOUR needs. Enter through the covered screened front porch to an open living space that flows to a spacious dining area & to additional living area with access to the pool. The combined living spaces wrap around an efficient kitchen with abundant cabinets, granite counters, specialty lighting/fan, eat-at counters & dinette space, & French doors to the pool area. A two-car garage & lengthy driveway provide additional parking. This is a home to be lived in & shared with friends & family! Many features/recent improvements include multiple remote lights/fans, hurricane windows, 2016 roof, 140' deep well for irrigation, whole house Halo 5 filter system, reverse osmosis in kitchen, newer water heater, screened-in front porch, custom window blinds/shutters, ultra-violet light & air scrubber in a/c, replaced ductwork, and..., both bathroom exhaust fans have speakers for listening to your favorite tunes! A Ring doorbell & camera security feature are installed & available to you via a simple app. But wait! There's more! Seller had installed 37 solar panels at a cost of $36,130 that are COMPLETELY PAID OFF! The average monthly electric bill for the last 13 months was $98. You benefit from the enormous savings! The property has a fenced backyard for your pets or play, and a large pool area with under cover and lounging space. Venice Gardens is an established community/neighborhood with this home's HOA fee of $100/annually, under ground utilities accounting for fewer electrical outages in storms, no risk of further development, different & charming home styles with outdoor space, pet friendly, no CDD, minutes to shopping, golf courses, restaurants, services, historic downtown Venice, parks, beaches, and I75. Home is where the heart is & where memories are made. New memories await!

Details

Property type

Single Family Residence

Est. home value

$406,605

Lot size

0.23 acres

Price per sq ft

$235

Year built

1974

Annual property taxes

$2,346

Monthly HOA fee

$8.33

Price History

11/04/2024
StellarMLS

StellarMLS #A4620526

Pending
$399,000
10/22/2024
StellarMLS

StellarMLS #A4620526

Price change
$399,000
-5%
09/16/2024
StellarMLS

StellarMLS #A4620526

Listed
$420,000

Schools & Community

Elementary school: 

Garden Elementary

Middle school: 

Venice Area Middle

High school: 

Venice Senior 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

$127,770
Asking price
$399,000
Closing costs (~8% of asking)
-$31,920
Est. remaining loan balance
-$239,310
Cash to seller
$127,770

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

Seller’s Loan History

Lender

Pennymac Loan Services Llc

Loan start date

December 2021

Original loan amount

$267,000

Est. remaining balance

$239,310

Interest rate

3.05%

Loan type

New Conventional, 21 year

Seller

Susan E Vergauwen

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: Pending/Under Contract

Tomo last checked: 11/05/2024 at 4:15 PM

Listing updated: 11/04/2024 at 1:36 PM

Listed by: Terry Brown, KELLER WILLIAMS ON THE WATER S Phone #: (941) 803-7522

MLS: StellarMLS #A4620526

StellarMLS logo

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