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$175,000

Beds
2
Baths
1.0
sq ft
1,162

2571 Crescent Dr, Mount Dora, FL 32757

2571 Crescent Dr

MOUNT DORA, FL 32757

  • 122 days on market
    • Price drop $10,000↓
This Old Florida style bungalow one block from Lake Dora and scenic Lakeshore Drive is ready for a complete makeover. The property has deeded lake access to Harris Chain of Lakes on Lake Dora. This current legal description is lots 4,5 & 6. Two New homes have been built on adjacent lots. The structure can be remodeled for a residence, or can be converted to a garage, workshop, hobby/game room, office, etc. The electric meter and power pole were replaced in 2020, septic tank was pumped in 2022, and the water source is City of Mount Dora. The property is conveniently located 1 block from Lake Dora, 1 block to the post office and 2 blocks to a large shopping center, and just a few minutes drive to historical Mount Dora, and a few minutes drive to Tavares and its famous Seaplane Base Annexing into Mount Dora City limits would be even better as the lot square footage requirements are less. Or use the half acre lot to build one great home (even a multi generational home) and keep the accessory building for a multi purpose structure.

Details

Property type

Single Family Residence

Est. home value

$201,488

Property condition

Fixer

Lot size

0.45 acres

Price per sq ft

$151

Year built

1956

Annual property taxes

$1,569.52

Price History

08/22/2024
StellarMLS

StellarMLS #O6207169

Price change
$175,000
-5.41%
07/11/2024
StellarMLS

StellarMLS #O6207169

Price change
$185,000
-7.04%
05/20/2024
StellarMLS

StellarMLS #O6207169

Listed
$199,000
+900%

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

$99,025
Asking price
$175,000
Closing costs (~8% of asking)
-$14,000
Est. remaining loan balance
-$61,975
Cash to seller
$99,025

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

Seller’s Loan History

Lender

Home Funds Direct

Loan start date

October 2006

Original loan amount

$97,500

Est. remaining balance

$61,975

Interest rate

6.47%

Loan type

Not Provided, 30 year

Seller

Daniel S Powell and Teresa L Powell

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: 09/19/2024 at 5:20 AM

Listing updated: 08/22/2024 at 3:53 PM

Listed by: Christina Almquist, CHRISTINA ALMQUIST, LIC BROKER Phone #: (407) 617-6700

MLS: StellarMLS #O6207169

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