tomo logo

$840,000

Beds
3
Baths
2.0
sq ft
3,696

2401 State Road 557, Lake Alfred, FL 33850

2401 State Road 557

LAKE ALFRED, FL 33850

  • 113 days on market
    • Price drop $25,000↓
Welcome to your Hidden Oasis! Nestled between the vibrant metropolises of Tampa and Orlando. This exquisite lakefront retreat offers an unparalleled sanctuary for those seeking a harmonious blend of luxury and tranquility. Set upon a sprawling 3.53-acre expanse, this meticulously updated property boasts a gated entrance, ensuring privacy and exclusivity for its discerning residents. The main residence is a 3 bedroom 2 bathroom fully renovated inside and out, a testament to refined living, is complemented by two separate guest cottages, each boasting its own bathroom, kitchen, and laundry facilities. These additional dwellings not only provide versatile accommodation options but also present a lucrative rental opportunity. Current cottages currently rented with short term rentals. For the environmentally conscious, this property is a veritable eco-paradise. A robust 500-gallon propane generator stands ready to ensure uninterrupted comfort during unexpected outages. The property's commitment to sustainability extends to its water systems, featuring a recently installed well pump, reverse osmosis filtration, water softener, and a state-of-the-art Kinetico alkaline water system. Outdoor enthusiasts will revel in the luxurious screened gazebo, perfect for alfresco dining or quiet contemplation while surrounded by nature's beauty. The dock allows for easy Lake access for water activities. Conveniently located minutes from Interstate 4, this property offers easy access to the region's attractions, including the world-renowned theme parks and pristine beaches. Whether you're seeking a permanent residence, a vacation home, or an investment opportunity, this lakefront haven promises a lifestyle of unparalleled comfort and sophistication. Embrace the Florida dream in this meticulously curated oasis, where luxury meets nature in perfect harmony.

Details

Property type

Single Family Residence

Est. home value

$624,461

Lot size

3.53 acres

Price per sq ft

$228

Year built

1947

Annual property taxes

$4,059.11

HOA

No

Price History

10/22/2024
StellarMLS

StellarMLS #L4946167

Price change
$840,000
-2.89%
07/15/2024
StellarMLS

StellarMLS #L4946167

Listed
$865,000

Schools & Community

Elementary school: 

Lake Alfred Elem

Middle school: 

Lake Alfred-Addair Middle

High school: 

Auburndale High School

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

$458,406
Asking price
$840,000
Closing costs (~8% of asking)
-$67,200
Est. remaining loan balance
-$314,394
Cash to seller
$458,406

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

Seller’s Loan History

Lender

Pennymac Loan Services Llc

Loan start date

April 2021

Original loan amount

$340,000

Est. remaining balance

$314,394

Interest rate

3.05%

Loan type

New Conventional, 30 year

Seller

Ramon Fernandez and Isabella Quinn Witt

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?

Similar Homes Nearby

StellarMLS
$879,000
3 bd
|
2 ba
|
2,070 sq ft
|
Manufactured

2799 Bay Lake Resort Rd, Polk City, FL 33868

StellarMLS
$899,900
4 bd
|
2 ba
|
2,771 sq ft
|
House

801 Cass Rd, Lake Alfred, FL 33850

Price drop
StellarMLS
$744,996
4 bd
|
3 ba
|
2,400 sq ft
|
House

193 Stargrass Dr, Auburndale, FL 33823

Status: Active

Tomo last checked: 11/05/2024 at 11:15 AM

Listing updated: 10/22/2024 at 6:48 PM

Listed by: Yevette Eden, LA ROSA REALTY PRESTIGE Phone #: (863) 940-4850

MLS: StellarMLS #L4946167

StellarMLS logo

Recently listed in LAKE ALFRED