tomo logo

$449,500

Beds
4
Baths
3.0
sq ft
2,759

545 Prado Pl, Lakeland, FL 33803

545 Prado Pl

LAKELAND, FL 33803

  • 85 days on market
    • Price drop $10,000↓
Large mid-century 4 bedroom/3 full bath home in the heart of Lakeland on three lots and almost a half acre with no HOA! One lot is completely buildable, or you could drop a pool in next to the brick picnic table, brick oven, and former shuffleboard court (all it needs is paint) to have a complete Florida-style paradise! The home has been restored and renovated with the work continuing while listed, including new electric, new plumbing, vinyl wood floors sealed with a latex water barrier and luxury tile, and new Pella Defender windows. The two primary bedrooms have en suites (all three accessible full bathrooms have European bidets) plus two other bedrooms. There is a chef's dream stainless eat-in kitchen with gorgeous epoxy counters, restaurant-style gas range and hood, stainless appliances and shelving, and a stainless prep table as an island. A refrigerator will be installed before closing. The spacious living room has a fireplace; there is a dining room, large sunny Florida room with spectacular 1950s cracked tile and loads of windows, plus a solarium with an attached laundry room. The washer and dryer are included. The house has been sealed and the kitchen and bathrooms have 3" drain lines, drains, and urethane grout for easy cleaning. The huge yard is fenced, has a brick patio, and a two-car carport with back Edgewood Drive access. Close to schools, shopping, dining, and the vibrant Dixieland and downtown areas. Make this fantastic place your new home!

Details

Property type

Single Family Residence

Est. home value

$338,787

Lot size

0.47 acres

Price per sq ft

$163

Year built

1952

Annual property taxes

$3,748.6

Price History

09/04/2024
StellarMLS

StellarMLS #L4946790

Price change
$449,500
-2.18%
08/12/2024
StellarMLS

StellarMLS #L4946790

Listed
$459,500
+187.37%
04/30/2021
StellarMLS

StellarMLS #L4608451

Sold
$159,900

Schools & Community

Neighborhood: 

Southwest

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

$146,010
Asking price
$449,500
Closing costs (~8% of asking)
-$35,960
Est. remaining loan balance
-$267,530
Cash to seller
$146,010

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

Seller’s Loan History

Lender

Pennymac Loan Services Llc

Loan start date

September 2023

Original loan amount

$268,925

Est. remaining balance

$267,530

Interest rate

6.96%

Loan type

FHA, 40 year

Seller

Nigel Phang and Heather Mervine

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: 11/05/2024 at 4:25 AM

Listing updated: 09/04/2024 at 1:50 PM

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

MLS: StellarMLS #L4946790

StellarMLS logo

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