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$3,859,442Estimated home value

Beds
7
Baths
8.0
sq ft
7,895

17130 Magnolia Estates Dr, Southwest Ranches, FL 33331

17130 Magnolia Estates Dr

Southwest Ranches, FL 33331

  • Off market
RARE OPPORTUNITY! INSTANT EQUITY BASED ON RECENT SALE IN EXCLUSIVE COMMUNITY! 7,906 SQFT LIVING UNDER AC AND 8,509 SQFT LIVING AND GARAGE! 9,876SQFT LIVING/GARAGE/BALCONIES AND COVERED LANAI. OVER AN ACRE, SINGLE OWNER, BUILT IN 2021 in 11 home community, Magnolia Estates in Southwest Ranches! Features a foyer that leads to a formal living area with large impact windows which open up completely and tuck away inside the walls leading to pool area. Large kitchen with high-end JennAir appliances. Full bar. Master bedroom on the first floor with a sitting area. Custom walk-in closet shelving. Elevator. Theater room with complete set up was used as an office. Exterior back features expansive Lanai with retractable shutters, summer gas kitchen, and Californo pizza oven. Walk-in pool w/ hot-tub.

Details

Property type

Single Family Residence

Est. home value

$3,859,442

Lot size

1.01 acres

Price per sq ft

$570

Year built

2022

Annual property taxes

$28,947

Monthly HOA fee

$303.33

Price History

09/24/2024
SEF

SEF #A11506053

Removed
$4,500,000
07/04/2024
SEF

SEF #A11506053

Listed
$4,500,000
05/22/2024
SEF

SEF #A11506053

Removed
$4,500,000

Schools & Community

Elementary school: 

Hawkes Bluff

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

$2,741,772
Asking price
$4,500,000
Closing costs (~8% of asking)
-$360,000
Est. remaining loan balance
-$1,398,228
Cash to seller
$2,741,772

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

Seller’s Loan History

Lender

Truist Bank

Loan start date

December 2021

Original loan amount

$1,490,958

Est. remaining balance

$1,398,228

Interest rate

3.05%

Loan type

New Conventional, 30 year

Seller

Mishaal Patel and Joanna Tewfik

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: Off Market

Tomo last checked: 11/09/2024 at 11:15 AM

Listing updated: 07/11/2024 at 1:53 PM

Listed by: Mishaal Patel, Imperio Realty, LLC. Phone #: (305) 623-6777

MLS: SEF #A11506053

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