tomo logo

$1,998,500

Beds
6
Baths
5.5
sq ft
3,858

501 Cinnamon Beach Ln, Palm Coast, FL 32137

501 Cinnamon Beach Ln

PALM COAST, FL 32137

  • 244 days on market
Spectacular Cinnamon Beach Pool Home with Ocean Views! This is the ideal home by the beach for your family or an Investment Property with convenient beach access, 6 Bedrooms & 5.5 Bathrooms. The expansive open concept living, dining and kitchen are completed with top finishes. Travertine Tile throughout for a cohesive look, Granite countertops, Stainless Steel Appliances, Crown Molding and more. Take the Elevator to the top floor with an impressive Primary suite and Balcony to enjoy the Amazing sunrises over the Atlantic Ocean! 3 Additional Bedrooms and 2 more Full Bathrooms round out the top Floor. The 2nd floor with the main living area showcases a bedroom suite and a balcony that wraps around 3 sides of the home to provide wonderful outdoor living space with ocean or lake views. The first level boasts a casual living room and game room with Sliding Glass doors out to the patio and pool. Another bedroom, a bathroom, the laundry room, and a wet bar complete this level. Head outside to your private oasis featuring a pool, spa and fire pit. Located in the Cinnamon Beach community, you or your guests will enjoy all the amenities: oceanfront pool, lakeside pool, beach access, gym, seasonal bar & grill, business center, Club House, Lawn Maintenance, Gated Community and so much more. This Home has Fantastic Short Term Rental History with Cinnamon Beach Vacations. Don’t Miss Out on this Remarkable Investment Opportunity! Furnishings are negotiable.

Details

Property type

Single Family Residence

Est. home value

$2,274,821

Lot size

6,011 sq ft

Price per sq ft

$519

Year built

2012

Annual property taxes

$16,459

Monthly HOA fee

$172

Price History

10/20/2024
StellarMLS

StellarMLS #FC299959

Listed
$1,998,500
10/18/2024
StellarMLS

StellarMLS #FC299959

Pending
$1,998,500
10/17/2024
StellarMLS

StellarMLS #FC299959

Listed
$1,998,500

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated, Clubhouse, Fitness Center, Pool, Restaurant, Sidewalks

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

$993,286
Asking price
$1,998,500
Closing costs (~8% of asking)
-$159,880
Est. remaining loan balance
-$845,334
Cash to seller
$993,286

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

Seller’s Loan History

Lender

Synovus Bank

Loan start date

January 2021

Original loan amount

$928,080

Est. remaining balance

$845,334

Interest rate

2.72%

Loan type

New Conventional, 30 year

Seller

Brian H Sorrow and Kelley M Sorrow

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: 12/22/2024 at 11:35 AM

Listing updated: 10/20/2024 at 3:27 PM

Listed by: Shelley DeVito, HAMMOCK REAL ESTATE GROUP Phone #: (386) 246-9934

MLS: StellarMLS #FC299959

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