tomo logo

$295,000

Beds
5
Baths
2.0
sq ft
1,658

309 Lincoln Ave, Valparaiso, FL 32580

309 Lincoln Ave

Valparaiso, FL 32580

  • 7 days on market
This is a rare opportunity for an investor to purchase a duplex in Valparaiso, just a bicycle ride to Eglin AFB. This rare property features Unit A which is (vacant and expected to rent for $1800) a 3-bedroom 1 bath home and Unit B is currently rented for $1175/month and is a 2-bedroom 1 bath home. The metal roof was installed in 2017 and both units have Central AC units that were replaced within the last 4 years. Unit A has vinyl flooring and gas appliances. Unit B has tile throughout the apartment and all the appliances are electric including the tankless water heater.Rent out both or live on one side and rent out the other!! Decent sized lot and has plenty of opportunity. Perfect for an investor or a family.

Details

Property type

Single Family Residence

Est. home value

$283,468

Lot size

0.28 acres

Price per sq ft

$178

Year built

1951

Price History

11/16/2024
EmeraldCoast

EmeraldCoast #963178

Listed
$295,000
+103.45%
11/21/2017
EmeraldCoast

EmeraldCoast #780439

Sold
$145,000

Schools & Community

Elementary school: 

Lewis

Middle school: 

Lewis

High school: 

Niceville

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

$99,988
Asking price
$295,000
Closing costs (~8% of asking)
-$23,600
Est. remaining loan balance
-$171,412
Cash to seller
$99,988

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

Seller’s Loan History

Lender

Resicentral Llc

Loan start date

January 2022

Original loan amount

$181,972

Est. remaining balance

$171,412

Interest rate

3.1%

Loan type

New Conventional, 30 year

Seller

Paul Leon Thorpe

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: 11/23/2024 at 1:10 PM

Listing updated: 11/16/2024 at 2:14 PM

Listed by: Paul L Thorpe, Paul L Thorpe, World Impact Real Estate Phone #: (850) 225-7000

MLS: EmeraldCoast #963178

EmeraldCoast logo

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