tomo logo

$625,000

Beds
3
Baths
2.0
sq ft
2,252

5490 SE Hwy 42, Summerfield, FL 34491

5490 SE Hwy 42

SUMMERFIELD, FL 34491

  • <1 day on market
Country living at its finest! This 3-bedroom, 2-bathroom ranch-style pool home sits on 3.01 acres and includes a detached In-Law Suite, guest quarters, or pool house. The property is fully fenced and cross-fenced for pastures, making it ready for your horses or livestock, zoned A-1. Inside, you'll find luxury vinyl plank flooring and ceramic tile throughout, granite countertops and window sills in the kitchen and bathrooms, and a cozy wood-burning fireplace to keep the home warm on cooler evenings. The main house is nestled among beautiful grand oak trees, located in a quiet, private neighborhood with only about 12 property owners. Conveniently situated between The Village and Ocala, shopping, entertainment, doctors, and more are just a short drive away. This desirable home offers a spacious screened porch and a saltwater, solar-heated pool, providing a perfect spot for gathering on hot Florida days. The large custom kitchen cabinetry, doors, and fine touches showcase the craftsmanship of this stunning 2,252 square foot home. If you're looking for a place to relax and unwind, the large covered patio is filled with natural light, offering serene views and the peace and tranquility this property boasts. Recent updates include a roof replacement (2018), A/C replacement (9/2019), water heater in the main house (2022) and in the guest house (2019), updated appliances, pool pump (3/2024), well pump (10/2024), and an electric gate opener (6/2024). Additional safety features include Blink cameras at all doors and the workshop, automatic bathroom lighting, and a generator transfer switch to keep you prepared for any occasion. There’s also a large workshop/garage, 2 sheds, and a carport for plenty of storage space. Enjoy making memories around the firepit with family and friends at this beautiful, serene, and tranquil mini-farm. Schedule a visit today and explore the endless possibilities this home has to offer!

Details

Property type

Single Family Residence

Est. home value

$418,762

Lot size

3.02 acres

Price per sq ft

$278

Year built

1986

Annual property taxes

$2,714.07

HOA

No

Price History

02/26/2025
StellarMLS

StellarMLS #OM695781

Listed
$625,000
-0.4%
02/13/2025
StellarMLS

StellarMLS #OM687888

Removed
$627,500
01/10/2025
StellarMLS

StellarMLS #OM687888

Price change
$627,500
-4.85%

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

$346,073
Asking price
$625,000
Closing costs (~8% of asking)
-$50,000
Est. remaining loan balance
-$228,927
Cash to seller
$346,073

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

$228,927

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?

Status: Active

Tomo last checked: 02/27/2025 at 1:05 AM

Listing updated: 02/26/2025 at 7:15 PM

Listed by: Lisa Herrero, RE/MAX ALLSTARS REALTY Phone #: (352) 484-0155

MLS: StellarMLS #OM695781

StellarMLS logo

Recently listed in SUMMERFIELD