tomo logo

$315,000

Beds
3
Baths
2.0
sq ft
1,888

23627 Franklin Ave, Sorrento, FL 32776

23627 Franklin Ave

SORRENTO, FL 32776

  • 73 days on market
    • Price drop $5,000↓
A true countryside home that alures the ideal location by being located just 15 minutes from the suburban region of Orlando. This charm features three distinct rooms, each equipped with its own bathroom and kitchen facilities. Presently, it generates a monthly rental income of $1,800 on a month-to-month lease. A NEW ROOF was installed in 2022, and the NEW well and FILTRATION SYSTEM were added in 2016. The master bedroom includes a spacious 8'x13' walk-in closet, and the master bathroom is fitted with a large jetted corner garden tub, an expansive 4'x9' walk-in shower adorned with designer ceramic tiles, and a double vanity. The room to the left of the house has been fully renovated to accommodate handicap accessibility. This presents an excellent opportunity for viewing, purchasing, and renovating.

Details

Property type

Single Family Residence

Est. home value

$304,811

Lot size

0.49 acres

Price per sq ft

$167

Year built

1928

Annual property taxes

$1,717.3

HOA

No

Price History

02/19/2025
StellarMLS

StellarMLS #O6270144

Price change
$315,000
-1.56%
01/17/2025
StellarMLS

StellarMLS #O6270144

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

StellarMLS #G4830530

Sold
$162,900
+239.37%

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

$159,784
Asking price
$315,000
Closing costs (~8% of asking)
-$25,200
Est. remaining loan balance
-$130,016
Cash to seller
$159,784

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

$130,016

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?

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Status: Active

Tomo last checked: 03/30/2025 at 8:15 PM

Listing updated: 03/01/2025 at 5:03 PM

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

MLS: StellarMLS #O6270144

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