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$205,000

Beds
3
Baths
2.0
sq ft
1,222

31444 Orange St, Sorrento, FL 32776

31444 Orange St

SORRENTO, FL 32776

  • 48 days on market
    • Price drop $40,000↓
Offer contract fell through due to cash shortage! Price has been reduced, This is a perfect property for a business, fronting on Hwy 46 LOCATION, LOCATION, LOCATION, INVESTORS DON'T MISS OUT ON THIS GREAT GROWING AREA IN BEAUTIFUL SORRENTO with HWY 46 FRONTAGE. The property is zoned CP which opens up a variety of possibilities including Vet clinic, plant nursery, bar or tavern, coffee shop, tea shop, carwash, etc. It was last used as a residential property and has been vacant for many years. It is currently being used to store furniture and many odds & ends, ALL OF THESE TREASURES WILL BE INCLUDED WITH THE SALE OF THE PROPERTY. The basement is also finished but full of stuff. The tax roll shows it as a 2 bedroom, 1 bath; however, THE TAX ROLL DOES NOT INCLUDE THE FINISHED UPSTAIRS WITH A NEW BATHROOM AND THE FINISHED BASEMENT. MAKING THIS A 3 BEDROOM 2 BATH HOME. THERE ARE 13 NEW WINDOWS. a FULL SYSTEM OF CHANGE OUT CONDENSER AND AIR HANDLER WAS ALSO INSTALLED. UNFORTUNATELY, PARTS OF THE OUTSIDE A/C WERE STOLEN AS WELL AS THE WATER PUMP. THIS COULD BE A PRIME PIECE OF REAL ESTATE WHETHER FOR RESIDENTIAL OR BUSINESS USE IN THE GROWING CITY OF SORRENTO. THERE ARE TENTATIVE PLANS TO PUT A ROUNDABOUT RIGHT WHERE HWY 46 AND ORANGE ST. MEET AS WELL AS MANY OTHER ROAD IMPROVEMENTS IN THIS AREA.

Details

Property type

Single Family Residence

Est. home value

$202,941

Property condition

Fixer

Lot size

8,316 sq ft

Price per sq ft

$168

Year built

1920

Annual property taxes

$1,589

Price History

07/05/2024
StellarMLS

StellarMLS #O6206977

Price change
$205,000
-16.33%
05/20/2024
StellarMLS

StellarMLS #O6206977

Listed
$245,000
+690.32%
05/04/2015
StellarMLS

StellarMLS #O5359329

Sold
$31,000
-78.62%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Option 1 Mtg Corp

Loan start date

November 1997

Original loan amount

$35,000

Est. remaining balance

Not provided

Interest rate

7.26%

Loan type

Not Provided

Seller

William Borrack

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: 07/07/2024 at 6:15 PM

Listing updated: 07/05/2024 at 10:03 AM

Listed by: Barbara Kleffel, SOUTHERN REALTY ENTERPRISES Phone #: (407) 869-0033

MLS: StellarMLS #O6206977

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Recently listed in SORRENTO