tomo logo

$525,000

Beds
2
Baths
2.0
sq ft
1,155

425 Yale St, Englewood, FL 34223

425 Yale St

ENGLEWOOD, FL 34223

  • 400 days on market
    • Price drop $575,000↓
FAMILY COUMPOUND - TWO CHARMING FLORIDA COTTAGES ADJACENT TO EACH OTHER - LISTED AT $525,000 EACH. SELLERS PREFER TO COMBINE THE SALE AS A PACKAGE DEAL, AS THIS WOULD BE THE HIGHEST AND BEST USE FOR YOUR INVESTMENT AND ALLOW THESE PROPERTIES TO CONTINUE TO COMPLIMENT EACH OTHER. (MLS# D6132845 & D6132844). Lovingly updated, New Roofs, Kitchens, Appliances, Flooring, Custom Shiplap Ceilings and Walls. LIGHT-BRIGHT-AIRY These sellers want to offer a savvy buyer the same unique opportunity to purchase as they did to take advantage of this unique location and zoning use. Both houses have had substantial updating. Both of these properties are in the RCTOD - RESIDENTIAL COMMERCIAL TRANSITION OVERLAY DISTRICT. This specialized zoning creates unique mixed-use opportunities for this location! *RCTOD provisions govern over the Unified Development Code. Bed & Breakfast, Galleries, Working Studios, and Offices are some of the many utilizations allowed here. Each home offers something a little different, hence the combination of the two properties secures the utmost creative usage. These properties are located in the Old Englewood Village neighborhood, just blocks from the Dearborn Street Downtown Business District with a wonderful selection of Specialty Stores, Inside and Outside Dining Options, Live Music Venues, Monthly Car Shows, Seasonal Weekly Farmers Market, Elsie Quirk Library, and Lemon Bay Playhouse are just some of the anchors for this lively and quaint downtown area. There are three Sarasota County Parks within a mile. LEMON BAY PARK & ENVIRONMENTAL CENTER offering hiking trails, birdwatching, fishing, grills, shelter, kayak & canoe launch. CHEROKEE STREET PARK offering transient docking, fishing pier, grills and shelter. INDIAN MOUND PARK offering picnic sites, grills, shelter, fishing and a PUBLIC BOAT RAMP that gives direct access to LEMON BAY and out to the GULF OF MEXICO. Revisualization and creating a "sense of place" in this downtown area of Old Englewood is offered here! New projects in the area are sure to transform and enhance the bright future of this neighborhood. Be part of the upward trend and budding possibilities. These properties can bring you INSTANT INCOME. FULLY FURNISHED AND READY TO GO! No current leases hindering rental rates or a quick closing! NOT IN A FLOOD ZONE. CALL FOR FURTHER DETAILS AND TO SCHEDULE A TOUR OF THESE DELIGHTFUL PROPERTIES.

Details

Property type

Single Family Residence

Est. home value

$317,415

Lot size

7,667 sq ft

Price per sq ft

$455

Year built

1953

Annual property taxes

$2,240

Price History

08/19/2024
StellarMLS

StellarMLS #D6132845

Listed
$525,000
08/06/2024
StellarMLS

StellarMLS #D6132845

Removed
$525,000
10/20/2023
StellarMLS

StellarMLS #D6132845

Listed
$525,000
+110%

Schools & Community

Elementary school: 

Englewood Elementary

Middle school: 

L.A. Ainger Middle

High school: 

Lemon Bay High

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

$217,998
Asking price
$525,000
Closing costs (~8% of asking)
-$42,000
Est. remaining loan balance
-$265,002
Cash to seller
$217,998

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

Seller’s Loan History

Lender

United Fidelity Funding Corp

Loan start date

February 2022

Original loan amount

$281,300

Est. remaining balance

$265,002

Interest rate

3.11%

Loan type

New Conventional, 30 year

Seller

Darryl L Jennings and Vanessa Jennings

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: 11/23/2024 at 6:10 AM

Listing updated: 09/08/2024 at 11:20 AM

Listed by: Judy Canero, LASBURY-TRACY REALTY INC. Phone #: (941) 474-5585

MLS: StellarMLS #D6132845

StellarMLS logo

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