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$1,274,999

Beds
4
Baths
3.0
sq ft
2,570

505 7th St NW, Naples, FL 34120

505 7th St NW

Naples, FL 34120

  • 20 days on market
    • Price drop $1↓
Great location west of Wilson and just a few short mins to Collier Blvd. Constructed in 2019, this move-in ready home situated on 2.5 acres of land boasts plenty of space with 4 bedrooms plus den and 3 full bathrooms. Perfect for entertaining, the expansive screened lanai includes a Summer kitchen, a heated pool and spa. The modern build offers volume ceilings and crown molding throughout giving a spacious and airy feel to the split floor plan. The master suite and bath is truly a private retreat and features impact resistant sliders that allow access to the pool area, separate walk-in master closets, dual vanities, multiple shower heads, and a stand-alone soaker tub creating a tranquil space for relaxation. For the car aficionado, the oversized 3 car garage with an epoxied finish can accommodate almost any size vehicle and comes equipped with a Tesla charging station and overhead storage racks making it an ideal space for all the extras . One will find peace and quiet in this property which has no HOA dues and is only a few miles from the convenience of shopping and dining options .Other features of this home include a double oven and a full house reverse osmosis system.

Details

Property type

Single Family Residence

Est. home value

$1,247,775

Lot size

2.50 acres

Price per sq ft

$497

Year built

2019

Annual property taxes

$6,559.44

HOA

No

Price History

12/04/2024

FGCMLS #224098223

Listed
$1,274,999
03/28/2023

FGCMLS #223007741

Sold
$1,275,000
+99.22%
11/21/2019

FGCMLS #219015354

Sold
$640,000

Schools & Community

Elementary school: 

BIG CYPRESS ELEMENTARY SCHOOL

Middle school: 

CYPRESS PALM MIDDLE SCHOOL

High school: 

GULF COAST HIGH SCHOOL

Number of units in community: 

1

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

$112,686
Asking price
$1,274,999
Closing costs (~8% of asking)
-$102,000
Est. remaining loan balance
-$1,060,313
Cash to seller
$112,686

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

Seller’s Loan History

Lender

Angel Oak Mortgage Solutions Llc

Loan start date

March 2023

Original loan amount

$1,083,750

Est. remaining balance

$1,060,313

Interest rate

6.09%

Loan type

New Conventional, 30 year

Seller

Paul J Gallagher and Sasha M Gallagher

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?

Status: Active

Tomo last checked: 12/25/2024 at 2:25 PM

Listing updated: 12/04/2024 at 3:10 PM

Listed by: Catie Andrews, Compass Florida LLC Phone #: (305) 851-2820

MLS: FGCMLS #224098223

FGCMLS logo

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