tomo logo

$400,000

Beds
3
Baths
3.0
sq ft
2,517

531 Gibson Rd S, Lakeland, FL 33813

531 Gibson Rd S

LAKELAND, FL 33813

  • <1 day on market
NO HOA! NEW SEPTIC TANK. NEW DRAIN FIELDS. NEW PELLA WINDOWS. NEW SHED. NEW GUTTERS. NEW ELECTRIC METER. 3 bedroom 2 bath home on cul-de-sac with bonus room and office. Updated Primary Bath. Butler's pantry off kitchen provides a lot of storage space. Wet bar and stone wood burning fireplace in the family room. Front yard sprinkler system. Termite prevention system paid through 2026. Long driveway with extra large carport big enough for an RV, Boat and several vehicles. 2 car garage with workbench. Large fenced backyard with in ground pool. Covered Lanai. Home has been replumbed from the meter.

Details

Property type

Single Family Residence

Est. home value

$438,308

Lot size

0.37 acres

Price per sq ft

$159

Year built

1967

Annual property taxes

$5,301.48

HOA

No

Price History

02/27/2025
StellarMLS

StellarMLS #L4951066

Price change
$400,000
+33.33%
02/26/2025
StellarMLS

StellarMLS #L4951066

Listed
$300,000
+1.69%
01/29/2021
StellarMLS

StellarMLS #T3275055

Sold
$295,000
+10.9%

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

$113,336
Asking price
$400,000
Closing costs (~8% of asking)
-$32,000
Est. remaining loan balance
-$254,664
Cash to seller
$113,336

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

Seller’s Loan History

Lender

Caliber Home Loans Inc

Loan start date

January 2021

Original loan amount

$280,250

Est. remaining balance

$254,664

Interest rate

2.71%

Loan type

New Conventional, 30 year

Seller

Gregory Revels and Michelle Revels

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: 02/27/2025 at 1:25 AM

Listing updated: 02/27/2025 at 1:03 AM

Listed by: Tina Melichar, BHHS FLORIDA PROPERTIES GROUP Phone #: (863) 701-2350

MLS: StellarMLS #L4951066

StellarMLS logo

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