tomo logo

$324,700

Beds
3
Baths
2.0
sq ft
1,557

514 Lake Sumner Dr, Groveland, FL 34736

514 Lake Sumner Dr

GROVELAND, FL 34736

  • 240 days on market
    • Price drop $20,000↓
Tucked away on a tranquil cul-de-sac, this delightful 3-bedroom, 2-bathroom home spans 1,557 sq ft on a lush 0.19-acre lot. Built in 2005, it features a welcoming open floor plan that seamlessly connects the living and dining areas to the open kitchen, which has a cozy breakfast nook, ample pantry storage, and access to the covered back patio. Enjoy peace of mind with a new roof installed in 2021. The thoughtfully designed split floor plan provides privacy, while the primary suite offers a retreat-like experience with sliders that open to a covered patio overlooking the serene views of Lake Sumner and protected conservation land—ensuring no rear neighbors. The community enhances your lifestyle with access to a playground and park amenities, perfect for family activities and outdoor enjoyment. Westwood community is conveniently located in between Downtown Groveland with Lake David events and Downtown Clermont & Waterfront Park events. Discover comfort, convenience, and a touch of nature in this lovely property!

Details

Property type

Single Family Residence

Est. home value

$337,721

Lot size

8,073 sq ft

Price per sq ft

$209

Year built

2005

Annual property taxes

$4,535

Monthly HOA fee

$41.67

Price History

11/07/2024
StellarMLS

StellarMLS #G5080006

Price change
$324,700
-5.8%
09/17/2024
StellarMLS

StellarMLS #G5080006

Price change
$344,700
-1.18%
07/23/2024
StellarMLS

StellarMLS #G5080006

Price change
$348,800
-1.19%

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

$183,405
Asking price
$324,700
Closing costs (~8% of asking)
-$25,976
Est. remaining loan balance
-$115,319
Cash to seller
$183,405

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

$115,319

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: 11/22/2024 at 3:40 PM

Listing updated: 11/07/2024 at 1:18 PM

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

MLS: StellarMLS #G5080006

StellarMLS logo

Recently listed in GROVELAND