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$449,000

Beds
4
Baths
3.0
sq ft
2,136

321 Faulkner St, New Smyrna Beach, FL 32168

321 Faulkner St

NEW SMYRNA BEACH, FL 32168

  • 58 days on market
    • Price drop $26,000↓
This stunning triplex located in the heart of downtown New Smyrna Beach offers a rare opportunity for investors or buyers seeking an income-producing property. Live in one unit and rent the other two OR Build your dream home on this OVERSIZED, Downtown lot! The triplex consists of 3 separate units, each with their own private entrance and is zoned Multi - family. The upstairs unit has two bedrooms and one full bathroom, living room and fully equipped kitchen as well as two common areas perfect for a den, nook or office spaces. There are windows throughout letting tons of natural sunlight into your living space and a large outdoor deck perfect for entertaining. The downstairs features a common entry way in between the other two apartments. To the right there is an updated studio apartment with full kitchen with coffee bar and a bathroom featuring a shower. The second apartment to the left is a one bedroom, with living room and eat in kitchen and full bathroom. The property also offers plenty of parking for the convenience of the tenants. The opportunities are endless at 321 Faulkner located within walking distance Canal street and the Farmer's market and restaurants and golf cart distance to the beach. Don't miss out on this exceptional opportunity to own a beautiful triplex in a prime location. All information deemed accurate and to be verified by buyer and buyers agent.

Details

Property type

Single Family Residence

Est. home value

$520,507

Lot size

9,450 sq ft

Price per sq ft

$211

Year built

1925

Annual property taxes

$6,837

HOA

No

Price History

09/12/2024
StellarMLS

StellarMLS #NS1082170

Price change
$449,000
-5.47%
08/07/2024
StellarMLS

StellarMLS #NS1082170

Listed
$475,000
07/26/2024
StellarMLS

StellarMLS #NS1082170

Pending
$475,000

Schools & Community

Neighborhood: 

Faulkner

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

$100,079
Asking price
$449,000
Closing costs (~8% of asking)
-$35,920
Est. remaining loan balance
-$313,001
Cash to seller
$100,079

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

November 2021

Original loan amount

$333,750

Est. remaining balance

$313,001

Interest rate

2.86%

Loan type

New Conventional, 30 year

Seller

Hannah Elizabeth Cronen

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: 09/19/2024 at 6:05 PM

Listing updated: 09/12/2024 at 9:41 AM

Listed by: Tara Lyall, THE HIGH TIDE GROUP Phone #: (386) 682-0992

MLS: StellarMLS #NS1082170

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