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$320,000

Beds
3
Baths
2.0
sq ft
1,888

23627 Franklin Ave, Sorrento, FL 32776

23627 Franklin Ave

SORRENTO, FL 32776

  • 6 days on market
This residence has the charm of a country home while being conveniently located just 15 minutes from the suburban area of Orlando. Constructed in 1928, this single-family dwelling offers 1,888 square feet of living space and is set on a 0.48-acre lot. The property comprises three separate rooms, each featuring its own and independent bathroom and cooking areas. Currently, it generates a rental income of $1,800 per month on a month-to-month basis. A new roof was installed in 2022, and the well and filtration system were added in 2016. The master bedroom boasts a generous 8'x13' walk-in closet, while the master bathroom is equipped with a spacious jetted corner garden tub, a large 4'x9' walk-in shower adorned with designer ceramic tile, and a double vanity. The room to the left of the home has been completely renovated with handicap accessibility. An excellent opportunity to view, purchase, and renovate now!

Details

Property type

Single Family Residence

Est. home value

$304,811

Lot size

0.49 acres

Price per sq ft

$170

Year built

1928

Annual property taxes

$1,717.3

HOA

No

Price History

01/17/2025
StellarMLS

StellarMLS #O6270144

Listed
$320,000
+96.44%
09/14/2016
StellarMLS

StellarMLS #G4830530

Sold
$162,900
+239.37%
02/05/2013
StellarMLS

StellarMLS #G4689787

Sold
$48,000
-79.13%

Schools & Community

Elementary school: 

Sorrento Elementary

Middle school: 

Mount Dora Middle

High school: 

Mount Dora 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

$163,708
Asking price
$320,000
Closing costs (~8% of asking)
-$25,600
Est. remaining loan balance
-$130,692
Cash to seller
$163,708

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

Seller’s Loan History

Lender

Movement Mortgage

Loan start date

September 2016

Original loan amount

$159,948

Est. remaining balance

$130,692

Interest rate

3.48%

Loan type

FHA, 30 year

Seller

Debby L Otenberger and Jeremy Sewell

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: Active

Tomo last checked: 01/22/2025 at 10:15 PM

Listing updated: 01/18/2025 at 6:54 AM

Listed by: ARod Rodriguez-Aponte, MARK SPAIN REAL ESTATE Phone #: (855) 299-7653

MLS: StellarMLS #O6270144

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