tomo logo

$189,900

Beds
5
Baths
2.0
sq ft
2,210

2642 Lowell Ave, Jacksonville, FL 32254

2642 Lowell Ave

Jacksonville, FL 32254

  • 24 days on market
    • Price drop $5,000↓
This 2-story fixer-upper at 2642 Lowell Ave, Jacksonville, FL 32254, offers incredible investment potential with 5 bedrooms and 2 bathrooms, perfect for a residence or rental income. The property features a spacious kitchen, new floors installed 3 years ago, and a newer A/C system, also just 3 years old. A large backyard with a working inground pool, currently closed off, provides great space for outdoor enjoyment. Currently tenant-occupied on a month-to-month lease at $1,400 per month, the property will be vacant at closing. Located near major highways and local amenities, this home presents a fantastic opportunity for investors or homebuyers looking to build equity in a prime location.

Details

Property type

Single Family Residence

Est. home value

$196,139

Lot size

6,534 sq ft

Price per sq ft

$86

Year built

1942

Annual property taxes

$2,176.61

Price History

11/15/2024
RealMLS

RealMLS #2054006

Price change
$189,900
-2.57%
11/08/2024
RealMLS

RealMLS #2054006

Price change
$194,900
-2.5%
11/06/2024
RealMLS

RealMLS #2054006

Price change
$199,900
-2.44%

Schools & Community

Neighborhood: 

Woodstock

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

$125,540
Asking price
$189,900
Closing costs (~8% of asking)
-$15,192
Est. remaining loan balance
-$49,168
Cash to seller
$125,540

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

Seller’s Loan History

Lender

Suntrust Mortgage Inc

Loan start date

December 2003

Original loan amount

$96,917

Est. remaining balance

$49,168

Interest rate

6.03%

Loan type

FHA, 30 year

Seller

Raphael M Kungu and Minnie K Kungu

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

RealMLS
$170,000
4 bd
|
2 ba
|
920 sq ft
|
House

2236 Danson St, Jacksonville, FL 32209

Price drop
RealMLS
$189,000
3 bd
|
2 ba
|
1,110 sq ft
|
House

1421 Detroit St, Jacksonville, FL 32254

Status: Active

Tomo last checked: 11/22/2024 at 12:10 AM

Listing updated: 11/15/2024 at 5:01 PM

Listed by: SCOTT W FADER, JOSEPH WALTER REALTY LLC Phone #: (888) 227-1009

MLS: RealMLS #2054006

RealMLS logo

Recently listed in Jacksonville