tomo logo

$1,099,000

Beds
3
Baths
2.0
sq ft
1,353

3278 Downs Cove Rd, Windermere, FL 34786

3278 Downs Cove Rd

WINDERMERE, FL 34786

  • Pending
    • Price drop $100,000↓
Under contract-accepting backup offers. Welcome to your waterfront paradise on the beautiful Windermere Chain of Lakes! This remarkable 0.29-acre lot at 3278 Downs Cove Rd offers the perfect canvas for your dream home or investment opportunity. With direct water frontage, a private boat dock, and access to the coveted Lake Down, this property is a water enthusiast's dream come true. Boasting stunning views and the potential for a variety of water activities, from boating to skiing, this lot presents an exceptional opportunity to create a luxurious lakeside retreat. Whether you're envisioning a serene escape or a savvy investment in prime real estate, this property delivers on both fronts. Don't miss your chance to be part of the exclusive Windermere community and own a piece of the highly sought-after Chain of Lakes. Embrace the unparalleled lifestyle that comes with living on the water and make your vision a reality at 3278 Downs Cove Rd.

Details

Property type

Single Family Residence

Est. home value

$971,673

Lot size

0.29 acres

Price per sq ft

$813

Year built

1947

Annual property taxes

$12,218

HOA

No

Price History

09/16/2024
StellarMLS

StellarMLS #O6222894

Pending
$1,099,000
09/01/2024
StellarMLS

StellarMLS #O6222894

Price change
$1,099,000
-8.34%
07/12/2024
StellarMLS

StellarMLS #O6222894

Listed
$1,199,000
+100.17%

Schools & Community

Elementary school: 

Thornebrooke Elem

Middle school: 

Gotha Middle

High school: 

Olympia High

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

$705,777
Asking price
$1,099,000
Closing costs (~8% of asking)
-$87,920
Est. remaining loan balance
-$305,303
Cash to seller
$705,777

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

Seller’s Loan History

Lender

Fbc Mortgage Llc

Loan start date

December 2015

Original loan amount

$375,000

Est. remaining balance

$305,303

Interest rate

3.79%

Loan type

New Conventional, 30 year

Seller

Gary L Patterson

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: Pending/Under Contract

Tomo last checked: 09/19/2024 at 8:40 PM

Listing updated: 09/16/2024 at 12:08 PM

Listed by: Rodney Melendez, COMPASS FLORIDA, LLC Phone #: (305) 851-2820

MLS: StellarMLS #O6222894

StellarMLS logo

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