tomo logo

$680,000

Beds
5
Baths
2.5
sq ft
2,125

431 Geneva Dr, Oviedo, FL 32765

431 Geneva Dr

OVIEDO, FL 32765

  • 134 days on market
    • Price drop $70,000↓
One or more photo(s) has been virtually staged.Seller may consider buyer concessions if made in an offer ~ Welcome to Geneva Drive and the trifecta of mixed use properties! Perfect for MULTI GENERATIONAL LIVING, PRODUCING INCOME or a cozy COMMERCIAL SPACE where your business can flourish. Explore this potential income-producing duplex with an additional detached structure in Oviedo's RP Zoning (Residential-Professional), free from HOA restrictions. The first-floor unit offers 3 bedrooms, 1.5 baths, laundry, a slider in the living room that opens to a patio overlooking conservation, and bedrooms 2 & 3 have sliders leading to a private deck with conservation views. The second-story unit features 2 bedrooms, 1 bath, high ceilings, and laundry in the outbuilding. The horseshoe driveway and extended parking pad offer ample parking for commercial vehicles, guests, and recreational toys. This expansive property is perfect for dual living and business opportunities. Elevation Certificate and Survey available on request. Imagine running your business out of the downstairs unit, storing your equipment in the accessory structure, parking your commercial vehicles out front, and renting the upstairs unit to offset the costs. This 3.4-acre property is one of a kind! Don't miss out—schedule a showing today!

Details

Property type

Single Family Residence

Est. home value

$415,000

Lot size

3.4 acres

Price per sq ft

$320

Year built

1987

Annual property taxes

$4,370.76

HOA

No

Price History

08/23/2024
StellarMLS

StellarMLS #O6218375

Price change
$680,000
-9.33%
06/27/2024
StellarMLS

StellarMLS #O6218375

Listed
$750,000
+56.25%
07/06/2023
StellarMLS

StellarMLS #O6102142

Sold
$480,000

Schools & Community

Elementary school: 

Lawton Elementary

Middle school: 

Jackson Heights Middle

High school: 

Oviedo 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

$303,433
Asking price
$680,000
Closing costs (~8% of asking)
-$54,400
Est. remaining loan balance
-$322,167
Cash to seller
$303,433

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

Seller’s Loan History

Lender

Alcova Mortgage Llc

Loan start date

July 2023

Original loan amount

$327,200

Est. remaining balance

$322,167

Interest rate

6.39%

Loan type

New Conventional, 30 year

Seller

Pauline Elizabeth Marie Catron and Christopher Lloyd Catron

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: 11/08/2024 at 9:40 AM

Listing updated: 10/02/2024 at 10:41 AM

Listed by: Jenny Wemert, WEMERT GROUP REALTY LLC Phone #: (407) 743-8356

MLS: StellarMLS #O6218375

StellarMLS logo

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