tomo logo

$499,000

Beds
2
Baths
2.0
sq ft
1,370

5040 253rd St E, Myakka City, FL 34251

5040 253rd St E

MYAKKA CITY, FL 34251

  • 72 days on market
    • Price drop $46,000↓
This diamond in the rough, is a great opportunity to invest in a home in sought after Myakka City without breaking the bank to buy an acreage property. The 2 bedroom 2 bath plus bonus room that could be a 3rd bedroom home while smaller is size, is huge in value. The bungalow style house has great character to it and room to expand if needed. There are also 2 barns on this 5 acre property with one of them being used as a hair salon. As flooding is more concerning than ever before, you will appreciate even more how high and dry this property is. The majority of the property is fenced and has multiple pastures to keep your feathered and furry friends safe. Homes in this high demand area and in this price range rarely become available so contact us today for your showing appointment.

Details

Property type

Single Family Residence

Est. home value

$521,641

Lot size

5.0 acres

Price per sq ft

$365

Year built

1985

Annual property taxes

$6,137

HOA

No

Price History

10/16/2024
StellarMLS

StellarMLS #A4623220

Price change
$499,000
-8.44%
09/26/2024
StellarMLS

StellarMLS #A4623220

Price change
$545,000
-0.91%
09/12/2024
StellarMLS

StellarMLS #A4623220

Listed
$550,000
+450%

Schools & Community

Elementary school: 

Myakka City Elementary

Middle school: 

Nolan Middle

High school: 

Lakewood Ranch 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

$98,546
Asking price
$499,000
Closing costs (~8% of asking)
-$39,920
Est. remaining loan balance
-$360,534
Cash to seller
$98,546

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

Seller’s Loan History

Lender

Rocket Mortgage Llc

Loan start date

June 2022

Original loan amount

$374,122

Est. remaining balance

$360,534

Interest rate

5.1%

Loan type

FHA, 30 year

Seller

Joseph Droulers and Ashley Taylor

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 8:15 AM

Listing updated: 11/17/2024 at 3:15 PM

Listed by: Paul Hart, PREFERRED SHORE LLC Phone #: (941) 999-1179

MLS: StellarMLS #A4623220

StellarMLS logo

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