tomo logo

$486,000

Beds
3
Baths
2.0
sq ft
1,202

3408 River Cove Dr, Tampa, FL 33614

3408 River Cove Dr

TAMPA, FL 33614

  • Pending
    • Price drop $12,000↓
Under contract-accepting backup offers. Welcome to your next investment opportunity in the heart of Tampa! This property is truly a gem waiting to be discovered, offering a unique blend of space, convenience, and potential income generation. Upon arrival, you'll immediately notice the charm and character of this must-see property. Situated on a large lot, this home boasts not one, but two separate units, each with its own independent electrical meter. This feature provides incredible flexibility for the new owner, allowing the option to lease out one unit for additional income while residing in the other. The main house is a spacious 3-bedroom, 2-bathroom residence spanning over 1200 square feet of heated living space. Featuring a layout designed for both comfort and functionality, the main floor hosts two bedrooms, a well-appointed kitchen, a welcoming living room, and a cozy family room. Upstairs, the expansive master bedroom awaits, offering a private retreat from the hustle and bustle below. Nestled in the backyard is a second building, complete with a fully remodeled 1-bedroom, 1-bathroom apartment spanning approximately 500 square feet. This self-contained unit includes its own living area and kitchen, providing ample space and privacy for guests or potential tenants. Both units have been meticulously remodeled to appeal to even the most discerning tastes, showcasing modern finishes and thoughtful design touches throughout. Additionally, the current owner has maximized the property's potential by utilizing the space for RV parking, offering yet another income-generating opportunity. With no HOA or CDDs to contend with, and positioned in a prime location, this property presents a fantastic investment opportunity. Whether you're looking to expand your rental portfolio or seeking a multi-generational living solution, this property offers endless possibilities. Don't miss out on the chance to own one of the last remaining gems in this sought-after neighborhood – schedule your showing today!

Details

Property type

Single Family Residence

Est. home value

$354,586

Lot size

9,180 sq ft

Price per sq ft

$405

Year built

1956

Annual property taxes

$1,940

Price History

09/09/2024
StellarMLS

StellarMLS #U8233716

Pending
$486,000
05/23/2024
StellarMLS

StellarMLS #U8233716

Price change
$486,000
-2.41%
03/12/2024
StellarMLS

StellarMLS #U8233716

Price change
$498,000
+17.18%

Schools & Community

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

$239,863
Asking price
$486,000
Closing costs (~8% of asking)
-$38,880
Est. remaining loan balance
-$207,257
Cash to seller
$239,863

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

Seller’s Loan History

Lender

Caliber Home Loans Inc

Loan start date

July 2019

Original loan amount

$230,743

Est. remaining balance

$207,257

Interest rate

3.82%

Loan type

FHA, 30 year

Seller

Ever Daniel Pajan Lopez and Lianne Cardero Lopez

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: 10/04/2024 at 8:00 PM

Listing updated: 09/09/2024 at 1:59 PM

Listed by: Manuela Zuluaga, DALTON WADE INC Phone #: (888) 668-8283

MLS: StellarMLS #U8233716

StellarMLS logo

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