tomo logo

$167,000

Beds
3
Baths
3.0
sq ft
2,726

40 County Highway 181 W, Defuniak Springs, FL 32433

40 County Highway 181 W

DeFuniak Springs, FL 32433

  • 3 days on market
Located just 2 miles south of the Florida/Alabama state line, this HUD REO is full of potential! Built in 1974, this traditional home has 2 master bedrooms, 2 full and 2 half baths, an open living room concept and is approx 2700sf. Home rests on a 1/4 acre and due to the proximity of multiple highways, this home is conveniently located. Home does need work and therefore may only qualify for just a few financing types, which include FHA rehab loans. Home is insurable with escrow (IE). Call today!

Details

Property type

Single Family Residence

Est. home value

$264,848

Lot size

0.25 acres

Price per sq ft

$62

Year built

1974

Price History

02/20/2025
EmeraldCoast

EmeraldCoast #969075

Listed
$167,000
-23.74%
07/22/2022
EmeraldCoast

EmeraldCoast #898352

Sold
$219,000

Schools & Community

Elementary school: 

Paxton

Middle school: 

Paxton

High school: 

Paxton

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

-$52,993
Asking price
$167,000
Closing costs (~8% of asking)
-$13,360
Est. remaining loan balance
-$206,633
Cash to seller
-$52,993

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

Seller’s Loan History

Lender

Bank Of England

Loan start date

July 2022

Original loan amount

$215,033

Est. remaining balance

$206,633

Interest rate

5.09%

Loan type

FHA, 30 year

Seller

Jessica W Landen and Jason J Landen

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?

Status: Active

Tomo last checked: 02/23/2025 at 11:45 AM

Listing updated: 02/20/2025 at 1:14 PM

Listed by: Cosmo Spellings, Cosmo Spellings, Cosmo Spellings, Cosmo Spellings, Cosmo M Spellings, Assurance Realty of NWFL LLC Phone #: (850) 306-3989

MLS: EmeraldCoast #969075

EmeraldCoast logo

Recently listed in DeFuniak Springs