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$226,727Estimated home value

Beds
2
Baths
2.0
sq ft
1,494

3118 Cedar St, Lake Wales, FL 33898

3118 Cedar St

LAKE WALES, FL 33898

  • Sold On 6/29/2020
    • Price drop $400↓
Investment opportunity available, this home offers 2 bedrooms, 2 baths, carport and features include sizeable kitchen, great room with fireplace and all situated on a spacious lot. Repairs are needed to ready this home, paint and flooring but worth your efforts.

Details

Property type

Single Family Residence

Est. home value

$226,727

Lot size

0.23 acres

Price per sq ft

$50

Year built

1960

Annual property taxes

$1,717.34

Price History

03/03/2025
StellarMLS

StellarMLS #S5120283

Removed
$225,990
02/13/2025
StellarMLS

StellarMLS #S5120283

Price change
$225,990
-6.96%
02/07/2025
StellarMLS

StellarMLS #S5120283

Listed
$242,900
+245.27%

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

-$62,705
Asking price
$73,300
Closing costs (~8% of asking)
-$5,864
Est. remaining loan balance
-$130,141
Cash to seller
-$62,705

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

Seller’s Loan History

Lender

Crosscountry Mortgage Llc

Loan start date

December 2021

Original loan amount

$140,000

Est. remaining balance

$130,141

Interest rate

2.98%

Loan type

New Conventional, 30 year

Seller

Imelda Cata

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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Manufactured

48 Queen of Waters St Unit 14, Lake Wales, FL 33898

Status: Off Market

Tomo last checked: 04/01/2025 at 9:00 PM

Listing updated: 09/18/2023 at 9:15 PM

Listed by: April Feeser, REALHOME SERVICE & SOLUTIONS INC Phone #: (770) 937-5747

MLS: StellarMLS #O5845042

StellarMLS logo

Recently listed in LAKE WALES