tomo logo

$353,000

Beds
3
Baths
2.0
sq ft
1,557

514 Lake Sumner Dr, Groveland, FL 34736

514 Lake Sumner Dr

GROVELAND, FL 34736

  • 111 days on market
    • Price drop $6,000↓
This charming 3-bedroom, 2-bathroom property boasts a spacious 1,557 sq ft layout on a tranquil 0.19-acre lot. Built in 2005, this home embraces an inviting open floor plan design, blending the living and dining areas with the kitchen and breakfast nook featuring a cozy breakfast bar and ample storage in the closet pantry. In 2021, the property received a mini-facelift with a new roof, luxury laminate flooring, and paint. Enjoy the convenience of an inside laundry room and the privacy of a split plan layout. Retreat to the primary bedroom, where sliders open to reveal a serene covered patio overlooking the picturesque vistas of Lake Sumner. Embrace community living with access to park and playground amenities, enhancing the lifestyle offered by this delightful property. No rear neighbors! PLUS The seller is offering a home warranty and pre-paid HOA dues for 2024 with an accepted and closed contract.

Details

Property type

Single Family Residence

Est. home value

$337,721

Lot size

8,073 sq ft

Price per sq ft

$227

Year built

2005

Annual property taxes

$4,535

Monthly HOA fee

$41.67

Price History

07/01/2024
StellarMLS

StellarMLS #G5080006

Price change
$353,000
-1.67%
06/07/2024
StellarMLS

StellarMLS #G5080006

Price change
$359,000
-2.45%
03/27/2024
StellarMLS

StellarMLS #G5080006

Listed
$368,000
+217.24%

Schools & Community

Elementary school: 

Groveland Elem

Middle school: 

Gray Middle

High school: 

South Lake 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

$207,026
Asking price
$353,000
Closing costs (~8% of asking)
-$28,240
Est. remaining loan balance
-$117,734
Cash to seller
$207,026

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

Seller’s Loan History

Lender

Dba Jdc Mortgage

Loan start date

November 2005

Original loan amount

$198,000

Est. remaining balance

$117,734

Interest rate

6.03%

Loan type

New Conventional, 30 year

Seller

Cesar Camacho and Carmen Freire

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: 07/16/2024 at 6:35 PM

Listing updated: 07/01/2024 at 6:45 PM

Listed by: Eileen Scates, SCATES REALTY & INVESTMENT PRO Phone #: (352) 404-8960

MLS: StellarMLS #G5080006

StellarMLS logo

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