tomo logo

$550,000

Beds
4
Baths
2.5
sq ft
2,236

246 Canal Dr, Lake Wales, FL 33859

246 Canal Dr

LAKE WALES, FL 33859

  • 59 days on market
    • Price drop $12,000↓
"Discover the epitome of Florida waterfront living in this exquisite 4-bedroom, 2 1/2-bathroom home nestled on a picturesque canal with direct access to the coveted Crooked Lake. Boasting a spacious .59-acre lot adorned with mature landscaping.Step inside to find a meticulously renovated interior and kitchen with quartz countertops, stainless steel appliances, cabinetry and butlers pantry.The luxurious bathrooms have also been tastefully updated to provide a spa-like experience. The expansive living spaces are perfect for entertaining, while the tranquil primary bedroom suite offers a peaceful retreat with serene water views. Outside, the sprawling yard is an oasis of relaxation, with an opportunity to have your own private dock for boating enthusiasts and ample space for outdoor activities. With a durable metal roof and timeless Florida charm, this home is sure to impress. Don't miss the opportunity to experience waterfront living at its finest!"

Details

Property type

Single Family Residence

Est. home value

$317,218

Lot size

0.59 acres

Price per sq ft

$246

Year built

1969

Annual property taxes

$1,354

Monthly HOA fee

$4.17

Price History

06/05/2024
StellarMLS

StellarMLS #L4944547

Price change
$550,000
-2.14%
05/10/2024
StellarMLS

StellarMLS #L4944547

Listed
$562,000
+349.6%
06/30/2014
StellarMLS

StellarMLS #L4648273

Sold
$125,000
-7.75%

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

$396,204
Asking price
$550,000
Closing costs (~8% of asking)
-$44,000
Est. remaining loan balance
-$109,796
Cash to seller
$396,204

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

Seller’s Loan History

Lender

The Mortgage Firm Inc

Loan start date

February 2020

Original loan amount

$120,000

Est. remaining balance

$109,796

Interest rate

3.74%

Loan type

New Conventional, 30 year

Seller

James C Houlihan and Patricia Houlihan

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
$545,077
4 bd
|
2.5 ba
|
2,656 sq ft
|
House

7895 N Lake Buffum Shore Rd, Fort Meade, FL 33841

Price drop
StellarMLS
$499,000
4 bd
|
3 ba
|
1,938 sq ft
|
House

204 N Lake Reedy Blvd, Frostproof, FL 33843

SEF
$520,000
4 bd
|
3 ba
|
3,073 sq ft
|
House

365 Nassau Ave, Lake Wales, FL 33853

Status: Active

Tomo last checked: 07/07/2024 at 8:55 PM

Listing updated: 06/05/2024 at 2:54 PM

Listed by: Desi Rivera, COLDWELL BANKER REALTY Phone #: (863) 687-2233

MLS: StellarMLS #L4944547

StellarMLS logo

Recently listed in LAKE WALES