tomo logo

$525,000

Beds
3
Baths
3.0
sq ft
1,849

5160 Coral Reef Way, Bradenton, FL 34211

5160 Coral Reef Way

BRADENTON, FL 34211

  • 18 days on market
This is your chance to Own an Almost New 3 Bedroom, 3 Bath (Venice Floor Plan) Home in Lorraine Lakes! This home is situated on a quiet street. Home has already had Ceiling fans, and extra lighting installed. If you are looking for an Open and Split Floor Plan, then this is the one. Tile Roofs, Paver Drive way, Granite Counter tops, Wood Shaker Cabinets, and upgraded Epoxy Garage floor. Why build a new one and wait and also have to do all the things that this home already includes? This home is almost Brand new and ready for you to make it yours! Lorraine Lakes has almost everything you can ask for. The amenity center includes, Resort swimming pool, Lap Pool, Hot tub, Kids Splash Pool, Play Ground, Putting Green, Basket Ball, Shuffle Board, Beach Volley Ball, Arcade, Beautiful 24 hr Gym, Restaurant, Pool Side Tiki Bar, Coffee Bar, On site Management and more!

Details

Property type

Single Family Residence

Est. home value

$561,383

Lot size

7,710 sq ft

Price per sq ft

$284

Year built

2023

Annual property taxes

$2,825.65

Monthly HOA fee

$135.67

Price History

06/18/2024
StellarMLS

StellarMLS #A4611339

Removed
$525,000
06/18/2024
StellarMLS

StellarMLS #A4614430

Listed
$525,000
05/21/2024
StellarMLS

StellarMLS #A4611339

Listed
$525,000

Schools & Community

Elementary school: 

Gullett Elementary

Middle school: 

Dr Mona Jain Middle

High school: 

Lakewood Ranch High

Community features: 

Gated, Clubhouse, Fitness Center, Park, Playground, Pool, Restaurant, Sidewalks, Tennis Court(s)

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

$96,896
Asking price
$525,000
Closing costs (~8% of asking)
-$42,000
Est. remaining loan balance
-$386,104
Cash to seller
$96,896

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

March 2023

Original loan amount

$392,000

Est. remaining balance

$386,104

Interest rate

6.15%

Loan type

New Conventional, 30 year

Seller

Bradley Leigh and Derra Davis Leigh

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: 07/05/2024 at 10:20 PM

Listing updated: 06/19/2024 at 6:53 AM

Listed by: Jason Van Cleave, FINE PROPERTIES Phone #: (941) 782-0000

MLS: StellarMLS #A4614430

StellarMLS logo

Recently listed in BRADENTON