tomo logo

$499,000

Beds
3
Baths
2.5
sq ft
1,137

315 W Palm Grove Ave, Englewood, FL 34223

315 W Palm Grove Ave

ENGLEWOOD, FL 34223

  • 42 days on market
    • Price drop $26,000↓
Canal-front home located in the desirable Palm Grove Subdivision of Englewood. This 3-bedroom, 2-bathroom property includes a private-entrance mother-in-law suite. Situated on 75 feet of the Palm Grove Canal, with a 26' dock and covered boat lift which can house a 25' boat. Home is just 500 feet from the Intracoastal Waterway (ICW) and a quick 15-minute boat ride to Stump Pass and the Gulf of Mexico. The home experienced water intrusion from the 2024 hurricane storm surge. Drywall was immediately replaced; whole house was completely cleaned and currently houses two tenants. The third bedroom and bath serve as an owner’s suite, conveniently connected to the one-car garage. The property is being sold AS-IS. While the roof showed no leaks during the 2024 hurricanes, it is nearing the end of its lifespan. This is a fantastic opportunity for use as a rental property, a remodel, or a teardown for a custom rebuild in this rapidly upgrading neighborhood. CASH OFFERS ONLY.

Details

Property type

Single Family Residence

Est. home value

$398,306

Lot size

6,648 sq ft

Price per sq ft

$439

Year built

1971

Annual property taxes

$4,697

HOA

No

Price History

02/07/2025
StellarMLS

StellarMLS #A4635101

Price change
$499,000
-4.95%
01/13/2025
StellarMLS

StellarMLS #A4635101

Listed
$525,000

Schools & Community

Elementary school: 

Englewood Elementary

Middle school: 

L.A. Ainger Middle

High school: 

Lemon Bay High

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

Countrywide Bank Na

Loan start date

December 2006

Original loan amount

$463,500

Est. remaining balance

Not provided

Interest rate

8.5%

Loan type

Negative Amortization, 30 year

Seller

Carlos Rivera

Lender

Bank Of America Na

Loan start date

October 2002

Original loan amount

$200,000

Est. remaining balance

Not provided

Interest rate

6.27%

Loan type

Credit Line (Revolving)

Seller

Carlos Rivera

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: 02/23/2025 at 7:00 PM

Listing updated: 02/07/2025 at 2:12 PM

Listed by: Bob Stobaugh, III, MICHAEL SAUNDERS & COMPANY Phone #: (941) 473-7750

MLS: StellarMLS #A4635101

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