tomo logo

$1,999,900

Beds
8
Baths
6.0
sq ft
7,212

23905 SW 167th Ave, Homestead, FL 33031

23905 SW 167th Ave

Homestead, FL 33031

  • 4 days on market
This spectacular estate sits on 2 acres of land in the Redlands and is perfect for a large family or someone looking for a tremendous income producing opportunity. Main home is a 3,279 sf remodeled 3BR+Den/3BA pool home with 2 car garage, 2 AC units, impact windows, brand new master bath and more. Cottage 1 is a renovated 3BR/1BA which has consistently generated $30k in AirBnB income each year since 2022. Cottage 2 is a renovated 2BR/2BA which was just finished and is now ready for bookings. 40x20 pole barn has been converted into a 3rd cottage for more income generating potential. Separate Workshop is powered and features a brand new mini split AC. Agriculture Exemption with over 100 fruit trees that generate $20-30k per year. No flood zone. Pro forma $185k+ yearly with a 8.5% CAP rate.

Details

Property type

Single Family Residence

Est. home value

$1,260,145

Property condition

Updated/Remodeled

Lot size

2 acres

Price per sq ft

$278

Year built

1940

Annual property taxes

$5,164

Price History

06/24/2024
SEF

SEF #A11612004

Listed
$1,999,900
01/16/2024
SEF

SEF #A11490869

Removed
$1,999,900
11/24/2023
SEF

SEF #A11490869

Listed
$1,999,900

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

United States Small Business Admin

Loan start date

December 2017

Original loan amount

$71,400

Est. remaining balance

Not provided

Interest rate

3.94%

Loan type

SBA Participation Trust Deed, 30 year

Seller

Jesus Figueroa Jr and Peggy Sue Figueroa

Lender

United States Small Business Admin

Loan start date

December 2017

Original loan amount

$71,400

Est. remaining balance

Not provided

Interest rate

3.94%

Loan type

SBA Participation Trust Deed, 30 year

Seller

Jesus Figueroa Jr and Peggy Sue Figueroa

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: 06/28/2024 at 7:40 PM

Listing updated: 06/27/2024 at 6:05 AM

Listed by: David Carmona, LoKation Phone #: (954) 545-5583

MLS: SEF #A11612004

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