tomo logo

$229,000

Beds
2
Baths
1.0
sq ft
720

464 Palmetto St, Edgewater, FL 32132

464 Palmetto St

EDGEWATER, FL 32132

  • 173 days on market
    • Price drop $10,900↓
Welcome to your perfect starter home or investment opportunity! This home DID NOT FLOOD in hurricane Milton and no storm damage. This charming 2 bedroom, 1 bath block home has been beautifully updated and is move-in ready. The home features a cozy enclosed patio that includes the laundry room, providing extra space and convenience. Recent upgrades include life-proof flooring and fresh paint throughout the entire house in 2023, giving the interior a modern and clean look. The kitchen and bathroom have been updated to meet contemporary standards, making this home as functional as it is stylish. In addition to cosmetic upgrades, the home also boasts new insulation and appliances, ensuring energy efficiency and modern conveniences. Major systems have been recently updated as well, with a new roof installed in 2020 and a new AC unit added in 2021, providing peace of mind for years to come. One of the highlights of this property is the 4' x 16' dock, perfect for enjoying serene mornings or relaxing evenings by the water. Don't miss out on this fantastic opportunity to own a well-maintained, updated home. It's perfect for first-time homebuyers or as a solid investment property. All information is deemed accurate but is not guaranteed.

Details

Property type

Single Family Residence

Est. home value

$218,603

Lot size

7,345 sq ft

Price per sq ft

$319

Year built

1956

Annual property taxes

$2,523

HOA

No

Price History

10/17/2024
StellarMLS

StellarMLS #NS1082001

Price change
$229,000
-4.54%
08/08/2024
StellarMLS

StellarMLS #NS1082001

Listed
$239,900
07/09/2024
StellarMLS

StellarMLS #NS1082001

Pending
$239,900

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

$46,677
Asking price
$229,000
Closing costs (~8% of asking)
-$18,320
Est. remaining loan balance
-$164,003
Cash to seller
$46,677

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

Seller’s Loan History

Lender

Crosscountry Mortgage Llc

Loan start date

November 2021

Original loan amount

$175,655

Est. remaining balance

$164,003

Interest rate

3.01%

Loan type

New Conventional, 30 year

Seller

Mitchell Backus and Richard Troy Backus

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: 12/23/2024 at 1:55 PM

Listing updated: 10/16/2024 at 9:06 PM

Listed by: Hayley Vezza, LOCAL LIVING REALTY GROUP Phone #: (386) 690-1545

MLS: StellarMLS #NS1082001

StellarMLS logo

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