tomo logo

$700,000

Beds
6
Baths
4.5
sq ft
2,874

2642 Tranquility Way, Kissimmee, FL 34746

2642 Tranquility Way

KISSIMMEE, FL 34746

  • 109 days on market
    • Price drop $25,000↓
Investor Opportunity: Luxurious 6-Bedroom, 4.5-Bath Mediterranean-Style Home in Veranda Palms with Rental Income Located in the highly sought-after Veranda Palms community, this impressive 6-bedroom, 4.5-bathroom home offers investors immediate income, as it’s currently leased until August 2025. Built in 2016, this 2,874 sq ft Mediterranean-style residence combines modern luxury with functional design. The spacious gourmet kitchen features high-end appliances, an island, and ample counter space—ideal for hosting family and friends. With high ceilings, open-concept living, and a primary suite on the main floor complete with an en suite bathroom, dual sinks, and a separate soaking tub, this home is designed for comfort. Step outside to a private screened pool and in-ground spa, perfect for relaxing or entertaining. Additional highlights include ceramic tile and carpet flooring, ceiling fans throughout, and a two-car garage. Situated on a 5,663 sq ft lot, this home is just minutes from major highways, shopping, and local schools, offering an ideal location for families and renters alike. Whether you’re expanding your portfolio or seeking a high-value rental property, this home offers the perfect blend of investment security and luxurious living. Key Features: • 6 Bedrooms, 4.5 Bathrooms • Private pool and spa • Gourmet kitchen with modern appliances • Leased until August 2025 for immediate income • Located in the desirable Veranda Palms community • Close to major highways, shopping, and schools Don’t miss this chance to invest in a turnkey property with immediate rental income potential! Schedule a showing today.

Details

Property type

Single Family Residence

Est. home value

$627,760

Lot size

5,663 sq ft

Price per sq ft

$244

Year built

2016

Annual property taxes

$6,792

Monthly HOA fee

$333.25

Price History

10/20/2024
StellarMLS

StellarMLS #O6237883

Price change
$700,000
-3.45%
09/05/2024
StellarMLS

StellarMLS #O6237883

Listed
$725,000
+4.32%
08/06/2024
StellarMLS

StellarMLS #O6211935

Removed
$695,000

Schools & Community

Elementary school: 

Floral Ridge Elementary

Middle school: 

Kissimmee Middle

High school: 

Poinciana High School

Community features: 

Gated, Clubhouse, Fitness Center, Playground, Pool, Sidewalks

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

$317,216
Asking price
$700,000
Closing costs (~8% of asking)
-$56,000
Est. remaining loan balance
-$326,784
Cash to seller
$317,216

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

Seller’s Loan History

Lender

Quontic Bank Fsb

Loan start date

November 2021

Original loan amount

$350,000

Est. remaining balance

$326,784

Interest rate

3.01%

Loan type

New Conventional, 30 year

Seller

Lonestar Business Svc & Logistics Llc

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: 12/22/2024 at 8:10 PM

Listing updated: 12/19/2024 at 10:39 AM

Listed by: Christina Fata, REAL BROKER, LLC Phone #: (407) 279-0038

MLS: StellarMLS #O6237883

StellarMLS logo

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