tomo logo

$475,000

Beds
3
Baths
2.0
sq ft
2,428

5424 SW 31st St, Ocala, FL 34474

5424 SW 31st St

OCALA, FL 34474

  • 185 days on market
    • Price drop $14,900↓
Owner financing available to qualified buyers - inquire for details. What a fabulous find - a rare subdivision with 1 acre lots in town! Spacious and completely renovated home (over $100k in renovations & upgrades!) in the community of Timberwood - peaceful and serene yet just 5 minutes to all shopping, dining and entertainment on 200. The completely renovated brick home is situated on a corner lot that is fully fenced with a gated driveway and borders a 2 acre water retention area for additional privacy (no flood zone though)! The sidewalk leads you through beautiful landscaping with brick curbing that attracts a wide variety of birds and to the covered entryway with beautiful custom front door. The entryway features Mexican tile that carries into the kitchen, dining and den spaces. The renovated kitchen boasts vaulted ceilings with wood beams, new soft-close shaker cabinetry, high definition laminate countertops, backsplash, breakfast bar and all new appliances within the last year. Adjacent is the sitting room overlooking the beautiful, colorful mature landscape through bay windows plus a dining space. The spacious living room features wood laminate flooring, a floor to ceiling brick fireplace, vaulted ceiling with wood beams and two sliding glass doors leading to the private backyard oasis. The functional split bedroom layout offers a large primary bedroom with wood laminate floors, vaulted ceilings, walk-in closet and ensuite bath with two new vanities and walk-in tiled shower. The two guest rooms are spacious and both include walk-in closets, new carpet flooring and share an updated full bathroom with shower/tub combo. You will also appreciate the two car garage conversion under A/C with tile flooring and sliding glass doors but could easily be converted back to a two car attached garage, if desired. Sellers are open to reconverting the garage prior to closing. The screened back porch overlooks the private backyard with plenty of space for a private swimming pool. Additional features: full indoor laundry room with newer washer (within last few yrs) and dryer (within last yr), detached workshop/shed with electric large enough for 1 car, RV parking pad/half basketball court, water softener & filtration system, new Roof 2022, new HVAC 2019 & new water heater 2024.

Details

Property type

Single Family Residence

Est. home value

$432,832

Lot size

1.01 acres

Price per sq ft

$196

Year built

1987

Annual property taxes

$2,264.4

Monthly HOA fee

$9.17

Price History

10/28/2024
StellarMLS

StellarMLS #OM678888

Price change
$475,000
-3.04%
10/12/2024
StellarMLS

StellarMLS #OM678888

Price change
$489,900
-2%
06/25/2024
StellarMLS

StellarMLS #OM678888

Price change
$499,900
-1.96%

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

$408,993
Asking price
$475,000
Closing costs (~8% of asking)
-$38,000
Est. remaining loan balance
-$28,007
Cash to seller
$408,993

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

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

April 2011

Original loan amount

$38,959

Est. remaining balance

$28,007

Interest rate

4.95%

Loan type

New Conventional, 30 year

Seller

Jaime Suarez and Hilda Suarez

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: 11/22/2024 at 5:55 AM

Listing updated: 11/19/2024 at 8:54 AM

Listed by: Cory Freilich, REMAX/PREMIER REALTY Phone #: (352) 732-3222

MLS: StellarMLS #OM678888

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