tomo logo

$659,500

Beds
4
Baths
3.0
sq ft
2,252

5490 SE Hwy 42, Summerfield, FL 34491

5490 SE Hwy 42

SUMMERFIELD, FL 34491

  • 36 days on market
    • Price drop $35,500↓
Embrace the equestrian lifestyle on this beautifully maintained 3.02-acre mini-farm, fully fenced for privacy and ready for your horses or livestock. Nestled under grand oak trees, this property offers fenced, separate pastures and tranquil countryside views, just a short drive from The Villages. The main home is designed for comfort, featuring 3 bedrooms, 2 baths, vaulted ceilings, and a cozy wood-burning fireplace. Recent upgrades, including a new A/C, roof, and modern appliances, ensure peace of mind. Custom wood cabinetry and doors bring a rustic touch to the space, while the enclosed patio is the perfect spot to savor stunning sunsets. Unwind by the solar-heated, saltwater pool within a spacious screened enclosure, or host friends in the separate 1-bedroom guest suite—ideal as a pool house, in-law suite, or guest quarters. Practical features include security cameras, automatic bathroom lighting, and a generator transfer switch to keep you prepared for any occasion. Two storage sheds and a fire pit add to the outdoor appeal, offering room for equipment and cozy gatherings. Experience country living at its finest—schedule a visit to explore the beauty, versatility, and potential this mini-farm offers!

Details

Property type

Single Family Residence

Est. home value

$418,762

Lot size

3.02 acres

Price per sq ft

$293

Year built

1986

Annual property taxes

$2,703

HOA

No

Price History

11/01/2024
StellarMLS

StellarMLS #OM687888

Price change
$659,500
-5.11%
10/18/2024
StellarMLS

StellarMLS #OM687888

Listed
$695,000
+189.58%
12/17/2018
StellarMLS

StellarMLS #G5005149

Sold
$240,000

Schools & Community

Elementary school: 

Harbour View Elementary School

Middle school: 

Belleview Middle School

High school: 

Belleview High School

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

$376,401
Asking price
$659,500
Closing costs (~8% of asking)
-$52,760
Est. remaining loan balance
-$230,339
Cash to seller
$376,401

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

Seller’s Loan History

Lender

Broker Solutions Inc

Loan start date

September 2019

Original loan amount

$256,750

Est. remaining balance

$230,339

Interest rate

3.75%

Loan type

VA, 30 year

Seller

Gregory L Johnson and Lori A Johnson

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: 11/23/2024 at 12:20 AM

Listing updated: 11/04/2024 at 1:18 PM

Listed by: Katie Carroll, WEICHERT REALTORS HALLMARK PRO Phone #: (352) 867-7800

MLS: StellarMLS #OM687888

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Recently listed in SUMMERFIELD