tomo logo

$1,950,000

Beds
4
Baths
3.0
sq ft
3,064

33255 State Road 70 E, Myakka City, FL 34251

33255 State Road 70 E

MYAKKA CITY, FL 34251

  • 145 days on market
    • Price drop $300,000↓
Discover the perfect investment opportunity nestled on a sprawling 40-acre lot in Myakka, Florida. This charming farm home boasts two picturesque lakes, a screened-in pool, and the freedom of no deed restrictions. Live stock is allowed, making it an ideal choice for those seeking a self-sustaining lifestyle. Benefit from the tax break offered by the green belt designation, which not only adds to the property's allure but also provides financial advantages. The home features two AC units, an indoor jacuzzi, screened in pool and a 30x30 work shed, perfectly suited for commercial vehicles. Long Paved driveway to home with circular driveway, large duck coop, and a few fruit trees and vegetable gardens, this property offers the epitome of farm living. This property presents an incredible investment opportunity, with its potential for future neighborhoods, home building, apartment complexes, or commercial ventures. The expansive land easily accommodates multiple homes, making it an enticing prospect for future investors. Property is wide and open ready for your plan to build or use for farming or construction. Don't miss out on this exceptional property that combines the charm of a farm home with the possibilities of future development. Explore the limitless potential of Myakka, Florida, and seize this remarkable investment opportunity. Positioned just 18 minutes/9 miles from Interstate 75, it's an enticing investment opportunity for future development. NEW SHELL CIRCULAR DRIVEWAY. POOL PAVERS UPDATED 2022. ALSO LISTED IN VACANT LAND MLS T3460365

Details

Property type

Single Family Residence

Est. home value

$597,725

Lot size

39.86 acres

Price per sq ft

$637

Year built

1991

Annual property taxes

$2,898

HOA

No

Price History

12/05/2024
StellarMLS

StellarMLS #T3544969

Price change
$1,950,000
-13.33%
08/02/2024
StellarMLS

StellarMLS #T3544969

Listed
$2,250,000
-2.17%
05/02/2024
StellarMLS

StellarMLS #T3451658

Removed
$2,300,000

Schools & Community

Elementary school: 

Myakka City Elementary

Middle school: 

Nolan Middle

High school: 

Lakewood Ranch 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

$1,310,546
Asking price
$1,950,000
Closing costs (~8% of asking)
-$156,000
Est. remaining loan balance
-$483,454
Cash to seller
$1,310,546

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

Seller’s Loan History

Lender

Movement Mortgage

Loan start date

September 2023

Original loan amount

$490,000

Est. remaining balance

$483,454

Interest rate

6.78%

Loan type

New Conventional, 30 year

Seller

Kenneth Haines

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: 12/25/2024 at 12:45 PM

Listing updated: 12/05/2024 at 2:48 PM

Listed by: Cynthia Clonts, ACE REALTY & AUCTION LLC Phone #: (813) 567-7198

MLS: StellarMLS #T3544969

StellarMLS logo

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