tomo logo

$525,000

Beds
3
Baths
3.0
sq ft
2,441

540 Starr Ridge Dr, Lake Wales, FL 33898

540 Starr Ridge Dr

LAKE WALES, FL 33898

  • 58 days on market
    • Price drop $25,000↓
• STUNNING CUSTOM-BUILT POOL HOME is perfect for the executive who needs space to entertain and/or a great place to relax with family and enjoy your own private backyard retreat. The oversized salt-water pool is 14’ X 26’ with a 34’ x 48’ screened lanai and has a covered patio area which allows you to enjoy your outside venue thru rain or sunshine. It’s the perfect place to host your next family get together or holiday celebration and/or enjoy your morning cup of coffee or evening glass of wine! The custom floor plan offers a formal living room with French Doors to the lanai, plus a family room with triple sliding glass doors that open to the lanai. The kitchen is a chef’s delight and boasts beautiful maple wood cabinets, solid surface counters with breakfast bar, center island and stainless-steel appliances. This home has transom windows allowing natural light to filter in and is bathed in cool neutral tones for additional tranquility. The inviting master bedroom suite is 13’ x 23’ with French Doors to the lanai. The en-suite luxury bathroom has a double vanity, walk-in shower, soaking tub and his and her walk-in closets. Designed with a split bedroom plan which allows for lots of privacy, you will also enjoy the added benefit of a private home office with high-speed internet available, or it could easily be converted to a 4th bedroom. Additional amenities include inside laundry, pool bath, high ceilings, crown molding, ceramic wood plank flooring, security cameras and a reverse osmosis system. You will find lots of quality and visual impact in this home. Located on a 0.59-acre lot, uniquely positioned on a cul-de-sac, with an attached 2 car side-entry garage, a 2-car carport and plenty of driveway space. NEW ROOF in 2020, NEW HOT WATER HEATER in 2024 and NEW A/C in 2017. NO HOA and NO DEED RESTRICTIONS so you can park your RV or Boat in your driveway. Lake Wales and surrounding areas have some of the most beautiful lakes central Florida has to offer. Orlando, Tampa and Central Florida attractions and the beaches are within 1½ hours away. **MAKE SURE TO CHECK OUT THE ATTACHED 3D TOUR and AERIAL VIDEO ATTACHED TO THIS LISTING** and then call and schedule your appointment to view this AMAZING home.

Details

Property type

Single Family Residence

Est. home value

$492,634

Lot size

0.59 acres

Price per sq ft

$216

Year built

1999

Annual property taxes

$2,767

HOA

No

Price History

09/28/2024
StellarMLS

StellarMLS #P4931582

Price change
$525,000
-4.55%
08/23/2024
StellarMLS

StellarMLS #P4931582

Pending
$550,000
08/09/2024
StellarMLS

StellarMLS #P4931582

Listed
$550,000
+129.17%

Schools & Community

Elementary school: 

Spook Hill Elem

Middle school: 

Mclaughlin Middle

High school: 

Lake Wales Senior 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

$271,731
Asking price
$525,000
Closing costs (~8% of asking)
-$42,000
Est. remaining loan balance
-$211,269
Cash to seller
$271,731

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

Seller’s Loan History

Lender

Summit Mortgage Corp

Loan start date

July 2020

Original loan amount

$232,000

Est. remaining balance

$211,269

Interest rate

3.28%

Loan type

New Conventional, 30 year

Seller

Steven Neuman and Lisa Neuman

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: 10/05/2024 at 11:25 PM

Listing updated: 09/28/2024 at 12:56 PM

Listed by: Cheryl Bossarte, POLK REAL ESTATE LLC Phone #: (863) 679-1710

MLS: StellarMLS #P4931582

StellarMLS logo

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