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$300,000

Beds
4
Baths
3.0
sq ft
Unknown

223 Palermo St, Davenport, FL 33897

223 Palermo St

Davenport, FL 33897

  • 78 days on market
The listing Agent is also the owner. The home is currently being used as a vacation rental. The property can be rented for as short as 2 days or up to 3 months at a time (short-term rental status) or the buyer can use it as a primary residence. Resort-style community. Gym, pool. restaurant, arcade, and ice cream shop on the premises. AC was replaced in 2020. The roof was replaced in 2023—no HOA approvals. No assessments.

Details

Property type

Townhouse

Est. home value

$302,083

Lot size

Unknown

Price per sq ft

Unknown

Year built

2005

Annual property taxes

$2,765

Monthly HOA fee

$636

Price History

08/22/2024
SEF

SEF #A11629406

Listed
$300,000
+105.62%
09/29/2020
StellarMLS

StellarMLS #O5866841

Sold
$145,900
+13.54%
06/09/2008
StellarMLS

StellarMLS #S4634939

Sold
$128,500
-50.58%

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

$162,271
Asking price
$300,000
Closing costs (~8% of asking)
-$24,000
Est. remaining loan balance
-$113,729
Cash to seller
$162,271

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

Seller’s Loan History

Lender

Sprout Mortgage Llc

Loan start date

September 2021

Original loan amount

$122,000

Est. remaining balance

$113,729

Interest rate

2.87%

Loan type

New Conventional, 30 year

Seller

Kimani Properties Llc

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: 11/08/2024 at 5:20 AM

Listing updated: 09/30/2024 at 5:31 PM

Listed by: Porchia Mccray, EXP Realty, LLC. Phone #: (954) 368-3416

MLS: SEF #A11629406

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