tomo logo

$242,500

Beds
4
Baths
3.0
sq ft
1,492

518 Terra Lago St, Davenport, FL 33897

518 Terra Lago St

DAVENPORT, FL 33897

  • 132 days on market
    • Price drop $6,500↓
Don't miss out on your chance to live resort style in this 4 bedroom 3 bathroom townhome. Or add it to your investment portfolio and use it as a rental. This townhome is the perfect size, offering 4 generous sized bedrooms, 3 bathrooms, a nice sized kitchen, living room, dining room combo, AND indoor laundry room. Not only is the property great, but the community it's in is top notch. Located in the much sought after community of Regal Palms Resort, the amenities prove why it is so desired. This resort style facility includes a 2.5 acre tropical swimming pool and a lazy river, which are completed with heated pools, water slide, and cascading waterfalls. There is also a poolside Tiki bar, sand volleyball court, fitness center, indoor and outdoor spa, sauna/steam room, day spa, and a newly remodeled Bar and Grill. Come see for yourself all this community has to offer and don't let the opportunity to own it for yourself or add it to your portfolio pass you by.

Details

Property type

Townhouse

Est. home value

$298,193

Lot size

1,860 sq ft

Price per sq ft

$163

Year built

2005

Annual property taxes

$1,632.86

Monthly HOA fee

$648

Price History

07/30/2024
StellarMLS

StellarMLS #T3528331

Price change
$242,500
-2.61%
06/25/2024
StellarMLS

StellarMLS #T3528331

Price change
$249,000
-4.78%
06/11/2024
StellarMLS

StellarMLS #T3528331

Price change
$261,500
-4.04%

Schools & Community

Elementary school: 

Citrus Ridge

Middle school: 

Citrus Ridge

High school: 

Davenport High School

Community features: 

Gated, Fitness Center, Playground, Pool

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

$47,642
Asking price
$242,500
Closing costs (~8% of asking)
-$19,400
Est. remaining loan balance
-$175,458
Cash to seller
$47,642

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

Seller’s Loan History

Lender

Loandepot.Com Llc

Loan start date

October 2023

Original loan amount

$177,045

Est. remaining balance

$175,458

Interest rate

7.18%

Loan type

FHA, 30 year

Seller

Leandro Abad and Raphael Abad

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: 10/04/2024 at 9:55 PM

Listing updated: 09/04/2024 at 1:16 PM

Listed by: Lindsey Funderburk, JT REALTY & ASSOCIATES Phone #: (352) 279-2640

MLS: StellarMLS #T3528331

StellarMLS logo

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