tomo logo

$585,000

Beds
5
Baths
3.0
sq ft
2,170

360 NE 31st Ave, Homestead, FL 33033

360 NE 31st Ave

Homestead, FL 33033

  • 123 days on market
    • Price drop $13,000↓
This stunning two-story home is located in the desirable city of Homestead and offers exceptional investment potential. With five spacious bedrooms and three well-appointed bathrooms, the property is perfect for a growing family or savvy investor. The home also includes two separate efficiencies, providing additional rental income opportunities. One of the standout features is the garage, which has been expertly converted into a studio apartment, along with an additional efficiency that comes with the property. These features offer the advantage of double income potential. The property boasts a beautifully designed kitchen with granite countertops, adding a touch of elegance and functionality. The seller credits the buyer $5,000 toward closing costs.

Details

Property type

Single Family Residence

Est. home value

$480,605

Lot size

4,256 sq ft

Price per sq ft

$270

Year built

2006

Annual property taxes

$6,394

Monthly HOA fee

$105

Price History

11/21/2024
SEF

SEF #A11643144

Price change
$585,000
-2.17%
10/11/2024
SEF

SEF #A11643144

Price change
$598,000
-1.25%
08/22/2024
SEF

SEF #A11643144

Listed
$605,555
+175.25%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

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

Wells Fargo Bank Na

Loan start date

July 2023

Original loan amount

$19,741

Est. remaining balance

$19,265

Interest rate

6.39%

Loan type

FHA, 25 year

Seller

Obrd Colon Lopez

Lender

Wells Fargo Bank Na

Loan start date

July 2023

Original loan amount

$19,741

Est. remaining balance

$19,265

Interest rate

6.39%

Loan type

FHA, 25 year

Seller

Obrd Colon Lopez

Lender

Wells Fargo Bank Na

Loan start date

December 2021

Original loan amount

$31,653

Est. remaining balance

$29,309

Interest rate

3.14%

Loan type

FHA, 27 year

Seller

Obed Colon Lopez

Lender

Wells Fargo Bank Na

Loan start date

December 2021

Original loan amount

$31,653

Est. remaining balance

$29,309

Interest rate

3.14%

Loan type

FHA, 27 year

Seller

Obed Colon Lopez

Lender

Primary Residential Mortgage Inc

Loan start date

July 2016

Original loan amount

$216,015

Est. remaining balance

$176,570

Interest rate

3.58%

Loan type

FHA, 30 year

Seller

Obed Colon Lopez

Lender

Primary Residential Mortgage Inc

Loan start date

July 2016

Original loan amount

$216,015

Est. remaining balance

$176,570

Interest rate

3.58%

Loan type

FHA, 30 year

Seller

Obed Colon 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: Active

Tomo last checked: 12/23/2024 at 9:45 AM

Listing updated: 11/21/2024 at 6:40 PM

Listed by: Humberto Garcia Miranda, Avanti Way Realty LLC Phone #: (305) 229-1146

MLS: SEF #A11643144

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