tomo logo

$1,200,000

Beds
5
Baths
3.0
sq ft
2,008

424 E Welch Rd, Apopka, FL 32712

424 E Welch Rd

APOPKA, FL 32712

  • 14 days on market
TURNKEY NURSERY ready to produce for you PLUS 2 RENTAL PROPERTIES on 4.9 acres. This property is zoned for nursery (RCE). Includes a 10,027 square foot shade house complete with new irrigation. New pump for the well that feeds the irrigation. Updated irrigation system is active. The air-conditioned warehouse is 26x18 includes electricity. Property also comes with 40' storage container. T-pole was installed to provide the electricity needed for the nursery. The nursey was very profitable in 2022 & 2023. Over 100 different species of plants were grown. Take advantage of this opportunity to either expand your current nursery or launch your nursery. The 2 rental properties can also provide 2 more streams of additional income for you. Both are currently rented through 2025. Both homes have modern HVAC and new mini splits. Renovated bathrooms in both homes and updated plumbing. New vinyl flooring in both houses. Both homes have been repainted inside and exterior and new stoneface accents to bring out each home's curb appeal. New privacy fences on both houses and beautifully landscaped. 416 E Welch Road, Apopka, Florida is included in this sale and ONLY for sale together with 424 E Welch Road, Apopka, Florida. Buyer to verify room measurements.

Details

Property type

Single Family Residence

Est. home value

$551,117

Lot size

4.9 acres

Price per sq ft

$598

Year built

1986

Annual property taxes

$6,165.59

Price History

06/21/2024
StellarMLS

StellarMLS #O6216745

Listed
$1,200,000
+179.07%
12/01/2020
StellarMLS

StellarMLS #O5765967

Sold
$430,000
+34.38%
02/08/2016
StellarMLS

StellarMLS #O5363789

Sold
$320,000

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

$868,224
Asking price
$1,200,000
Closing costs (~8% of asking)
-$96,000
Est. remaining loan balance
-$235,776
Cash to seller
$868,224

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

Seller’s Loan History

Lender

The Mortgage Firm Inc

Loan start date

November 2020

Original loan amount

$256,000

Est. remaining balance

$235,776

Interest rate

2.9%

Loan type

New Conventional, 30 year

Seller

Richard G Harwood Jr

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: 07/04/2024 at 11:50 PM

Listing updated: 06/29/2024 at 1:48 PM

Listed by: Ozzie Quiroz, COLDWELL BANKER RESIDENTIAL RE Phone #: (407) 647-1211

MLS: StellarMLS #O6216745

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