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$307,917Estimated home value

Beds
4
Baths
2.0
sq ft
2,581

405 S Lake Ave, Lake Butler, FL 32054

405 S Lake Ave

LAKE BUTLER, FL 32054

  • Off market
    • Price drop $5,000↓
This 3/2+office+two bonus rooms on a TRIPLE lot is everything you’ve been searching for! Serving as the epitome of “they don’t build them like they used to” this home boasts concrete block construction and incredibly strong Loblolly wood pine in the attic; while also featuring over $150,000 in renovations and updates in the last 10 years! Step through your garden stone entry to classic wood floors, an updated kitchen, and all newer light fixtures and recessed lighting throughout. The open concept, split floor plan is perfect for entertaining, while the abundance of windows throughout allow natural light to flood in every room. The owner’s suite has a large walk-in closet, a renovated bathroom with both a walk-in shower and tub, and your very own covered courtyard patio. Outside of the main home is equally impressive - with a large garage, a shed, and a sectioned off heated and cooled room with a golf cart garage door that can serve as an exquisite workshop, office, or entertainment room! The massive backyard stretches over 185ft, offering endless possibilities for more structures, lounge areas, or just simply a wide area of green space. The location couldn’t be more prime, with walking distance to Union County’s highly rated school systems and Lake Butler Lake, direct frontage to the town’s parades and events, and within a mile to everything else the Lake Butler has to offer! Offering a new lifestyle with the most solid construction, it is such a rarity to find a home of this caliber in such a prime price range and location. Call today to schedule your showing!

Details

Property type

Single Family Residence

Est. home value

$307,917

Lot size

0.74 acres

Price per sq ft

$154

Year built

1955

Annual property taxes

$2,114.07

Price History

08/16/2024
StellarMLS

StellarMLS #GC522498

Removed
$394,900
07/11/2024
StellarMLS

StellarMLS #GC522498

Price change
$394,900
-1.25%
05/31/2024
StellarMLS

StellarMLS #GC522498

Listed
$399,900

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

$248,466
Asking price
$394,900
Closing costs (~8% of asking)
-$31,592
Est. remaining loan balance
-$114,842
Cash to seller
$248,466

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

Seller’s Loan History

Lender

First Florida Cu

Loan start date

June 2023

Original loan amount

$125,000

Est. remaining balance

$114,842

Interest rate

5.54%

Loan type

New Conventional, 12 year

Seller

Martha Elaine Billman and Steven Ventis Billman

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: Off Market

Tomo last checked: 10/04/2024 at 10:50 PM

Listing updated: 07/22/2024 at 9:30 AM

Listed by: Jordane Harden, KELLER WILLIAMS GAINESVILLE REALTY PARTNERS Phone #: (352) 240-0600

MLS: StellarMLS #GC522498

StellarMLS logo

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