tomo logo

$1,499,999

Beds
3
Baths
2.0
sq ft
1,436

5105 Lunn Rd, Lakeland, FL 33811

5105 Lunn Rd

LAKELAND, FL 33811

  • 100 days on market
Pre-Construction. To be built. Welcome to this property that has flexibility. Owner purchased and had the property zoned RL3. There is an older home on the property and owner intended to build brand new homes around the home. The main home was built in 1959 and there is a 2nd home that could make an excellent mother-in-law home. This is an awesome opportunity for developers as the current owner already got the property rezone for more single family home construction. The property has flexibility however is it could easily be rezoned for commercial or apartments. Lots of opportunity to make money on this great piece of land.

Details

Property type

Single Family Residence

Lot size

2.71 acres

Price per sq ft

$1,045

Year built

1959

Annual property taxes

$3,203.37

Price History

06/27/2024
StellarMLS

StellarMLS #P4931003

Listed
$1,499,999
+212.5%
08/01/2023
StellarMLS

StellarMLS #T3398919

Sold
$480,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Bank Of Central Florida

Loan start date

August 2023

Original loan amount

$360,000

Est. remaining balance

Not provided

Interest rate

6.69%

Loan type

Credit Line (Revolving)

Seller

Offshore Life Llc

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: 10/05/2024 at 2:15 AM

Listing updated: 09/10/2024 at 3:40 PM

Listed by: Chris Loschiavo, RE/MAX HERITAGE PROFESSIONALS Phone #: (863) 256-2188

MLS: StellarMLS #P4931003

StellarMLS logo

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