tomo logo

$830,000

Beds
10
Baths
5.0
sq ft
4,000

4275 Mecca Hammock Trl, Sanford, FL 32773

4275 Mecca Hammock Trl

SANFORD, FL 32773

  • 36 days on market
    • Price drop $29,000↓
Appraised at $930,000 July 2024. Discover a remarkable opportunity to own a multifamily income-producing property on a sprawling 5-acre estate in Sanford, Florida. This unique property includes three separate units with a total of 10 bedrooms and 5 bathrooms. Additionally, a charming tiny house serves as the third unit, adding to the income potential. Whether you're an investor or an owner-occupant, this property offers both space and income potential. Income: Enjoy a substantial monthly income of $7,000, with two units rented currently at $2,500 each and a successful Airbnb operation generating approximately $2,000 a month. Prime Location: Situated on a private, dead-end road in Sanford, Florida, this property offers the perfect blend of privacy and convenience. Three Homes: The original log cabin home built in 1983, exudes character and charm, while the second home constructed in 2007, offers modern comfort. Updated Tiny Home features 3 sleeping areas, full kitchen and full bath. Energy Efficiency: All homes were thoughtfully designed with energy-efficient features, including windows, central air conditioning, and gas/propane ranges. Separate septic tanks that have been cleaned and inspected in 2023. Acreage and Amenities: The property includes a vast 5-acre lot with a substantial 50 x 65 barn, offering endless possibilities for use and storage. Location: This serene retreat is conveniently located just half a mile from Lake Jessup, with easy access to the 417 Greenway. It's a short drive to excellent shopping and dining options in Lake Mary, Florida, and only 35 minutes from Orlando International Airport. Unique Opportunity: Notably, this is the only multifamily income property on 5 acres in Seminole County priced under $1 million, making it an exclusive opportunity for savvy investors and owner-occupants alike. Don't miss this rare chance to own a multifamily income property that combines spacious living on 5 acres with impressive monthly income potential. Contact us today to schedule a showing and explore this exceptional opportunity in Sanford, Florida.

Details

Property type

Single Family Residence

Est. home value

$547,351

Lot size

5.11 acres

Price per sq ft

$208

Year built

2007

Annual property taxes

$2,408.8

HOA

No

Price History

11/12/2024
StellarMLS

StellarMLS #O6250528

Price change
$830,000
-3.38%
11/06/2024
StellarMLS

StellarMLS #O6250528

Price change
$859,000
-1.15%
11/01/2024
StellarMLS

StellarMLS #O6250528

Price change
$869,000
-0.69%

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

$254,162
Asking price
$830,000
Closing costs (~8% of asking)
-$66,400
Est. remaining loan balance
-$509,438
Cash to seller
$254,162

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

Seller’s Loan History

Lender

Neighborhood Loans

Loan start date

March 2023

Original loan amount

$519,650

Est. remaining balance

$509,438

Interest rate

6.33%

Loan type

New Conventional, 30 year

Seller

Ivan Malpica and Alana S Iverson

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 6:25 AM

Listing updated: 11/12/2024 at 11:19 AM

Listed by: Ivan Malpica, SAND DOLLAR REALTY GROUP INC Phone #: (407) 389-7318

MLS: StellarMLS #O6250528

StellarMLS logo

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