tomo logo

$450,000

Beds
3
Baths
2.5
sq ft
1,825

200 Magnolia Ave, Englewood, FL 34223

200 Magnolia Ave

ENGLEWOOD, FL 34223

  • 47 days on market
    • Price drop $50,000↓
<P>Welcome to your CANAL FRONT PROPERTY with NO BRIDGES to the GULF OF MEXICO! This INVESTOR SPECIAL has endless potential. This is your perfect canvas for remodeling your dream home with a SPLIT FLOORPLAN and a SCREENED-IN POOL! Imagine the possibilities as you reimagine and redesign the living and dining spaces to suit your style and needs. The kitchen is ready to be turned into a culinary paradise for the family chef, perfect for whipping up gourmet meals in a custom-built space. An added bonus is the LOFT, ideal for creating a cozy reading nook, a home office, or a relaxed lounge space. If you'd like more living space, move your primary suite up to the loft! <P>Indulge in the luxury of personalizing TWO DUAL SUITES, a guest bedroom, and bathroom, all awaiting your personal touch. Plus, enjoy the convenience of a half bath. Tailor each space to your unique style and vision. Step outside to your SPACIOUS COVERED LANAI with CATHEDRAL CEILINGS! Perfect for entertaining, dining, or simply unwinding in the shade. This area is ready to become your ultimate outdoor haven. Beyond the lanai, a SCREENED-IN POOL awaits, ideal for creating your private backyard oasis with a CANAL VIEW of the water on one side of the yard. Relish the direct CANAL ACCESS, perfect for launching your upcoming water adventures! <P>Location is key, and this property shines! Situated less than FOUR BLOCKS from the vibrant and HISTORIC DEARBORN STREET, you’ll have access to local dining, boutique shopping, farmers' markets, concerts, and community events. Just around the corner is Indian Mound Park, complete with a public boat ramp, giving you easy entry for world-class fishing and boating in the Gulf. Plus, you're a short drive to Englewood and Manasota Beaches, multiple golf courses, and the excitement of Major League Baseball Spring Training at nearby stadiums, including Wellen Park.

Details

Property type

Single Family Residence

Est. home value

$519,573

Lot size

0.23 acres

Price per sq ft

$247

Year built

1962

Annual property taxes

$2,585

HOA

No

Price History

12/02/2024
StellarMLS

StellarMLS #D6138439

Price change
$450,000
-10%
11/14/2024
StellarMLS

StellarMLS #D6138439

Pending
$500,000
11/06/2024
StellarMLS

StellarMLS #D6138439

Listed
$500,000

Schools & Community

Elementary school: 

Englewood Elementary

Middle school: 

L.A. Ainger Middle

High school: 

Lemon Bay 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

$92,757
Asking price
$450,000
Closing costs (~8% of asking)
-$36,000
Est. remaining loan balance
-$321,243
Cash to seller
$92,757

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

Seller’s Loan History

Lender

Michigan Mutul Inc

Loan start date

March 2018

Original loan amount

$367,500

Est. remaining balance

$321,243

Interest rate

4.32%

Loan type

New Conventional, 30 year

Seller

Joseph R Covello and Donna R Covello

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: 12/23/2024 at 9:20 AM

Listing updated: 12/17/2024 at 1:42 PM

Listed by: Leslie Brown PA, KELLER WILLIAMS REALTY GOLD Phone #: (941) 473-7399

MLS: StellarMLS #D6138439

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