tomo logo

$235,000

Beds
3
Baths
1.0
sq ft
1,264

514 S 7th St, Lake Wales, FL 33853

514 S 7th St

LAKE WALES, FL 33853

  • 2 days on market
MOVE-IN READY! This beautifully renovated 3-bedroom, 1-bathroom home sits on an oversized lot in the heart of Lake Wales, offering both comfort and convenience. Recent updates include a newer roof (2021), A/C (2019), a brand-new kitchen, and new windows. The home features durable, high-traffic LifeProof 22-mil Dusk Cherry vinyl flooring, known for its stylish appearance and resilience. Freshly painted inside and out, the property exudes a modern and welcoming atmosphere. Located just minutes from shopping, Lake Wailes Lake, Bok Tower Gardens, schools, and hospitals, this home is ideal for anyone eager to enjoy the best of Lake Wales living.

Details

Property type

Single Family Residence

Est. home value

$195,335

Lot size

0.26 acres

Price per sq ft

$186

Year built

1946

Annual property taxes

$3,138.95

HOA

No

Price History

01/06/2025
StellarMLS

StellarMLS #O6267383

Listed
$235,000
+34.29%
02/28/2022
StellarMLS

StellarMLS #S5061158

Sold
$175,000
+84.21%
10/29/2021
StellarMLS

StellarMLS #O5979171

Sold
$95,000
+245.45%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$108,890
Asking price
$235,000
Closing costs (~8% of asking)
-$18,800
Est. remaining loan balance
-$107,310
Cash to seller
$108,890

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

Seller’s Loan History

Lender

Pmac Lending Services Inc

Loan start date

February 2022

Original loan amount

$113,750

Est. remaining balance

$107,310

Interest rate

3.45%

Loan type

New Conventional, 30 year

Seller

Javier Verrastro

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: 01/08/2025 at 1:45 AM

Listing updated: 01/07/2025 at 6:55 AM

Listed by: Daniel Betancourt, EXP REALTY LLC Phone #: (407) 375-9142

MLS: StellarMLS #O6267383

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