tomo logo

$1,120,000

Beds
4
Baths
2.5
sq ft
3,595

5501 Bates St, Seminole, FL 33772

5501 Bates St

SEMINOLE, FL 33772

  • 56 days on market
    • Price drop $30,000↓
*** Update ***Sellers are offering a 45K roof replacement concession due to the age. Welcome to this early 1930’s Spanish Colonial home located in the heart of Seminole. There are so many amenities that where to begin is probably the hardest part. Let’s start with the Full Solar system installed in 2019 which has allowed this home to have a net zero energy use since it was activated. Aside from the meter fee, this home has not had a power bill since this system was installed. Next enjoy movie nights in the fully custom two level, 7 seat movie theater in the front family room. The theater boasts a 7 foot by 10 foot screen with 7.1 Surround sound. The two level seating consists of leather recliners which are fully electric for you to lay back and enjoy the show. Enjoy the ambience of the updated electric fireplace which also has a heater function for those rare cold Florida nights. All equipment in the theater minus the apple TV box, come with the purchase of the home. Then enjoy this homes private resort style pool completely remodeled in 2017 with added amenities such as an integrated hot tub, swim shelf for the little ones, paver deck, and a full outdoor kitchen with sink, fridge, grill and stainless hibachi cook top. The patio wraps around and has access to one of the back bedrooms directly from the deck. This also allows access to the “back yard” portion of the property. This home has been tastefully updated using designs which complement the historic nature of this era construction. A large family room gives you plenty of space to spend time with your family and friends while being nearby the fully remodeled kitchen. The kitchen is spacious with an island, wine bar, and walk in pantry. The kitchen comes with an oven microwave combo, a dishwasher and cooktop. The oversized copper farmhouse style sink makes it easy to wash dishes and prep food. This home has two bedrooms and a full bath downstairs, and another two bedrooms and full bath upstairs. A half bath is downstairs and can be accessed through the kitchen or directly from the pool area. The downstairs master includes a walk in closet and direct access to the full bathroom. The upstairs master is large with vaulted ceilings and natural wood beams. There is a bonus room in between the master and the other upstairs bedroom, which was used as a nursery, but could be utilized as a number of things. This home has two offices. The front office is lined with floor to ceiling windows giving you tons of natural light along with a beautiful view of the front yard. The second smaller office was used as a “YouTube” studio and is insulated for sound proofing. Double French doors look out on to the pool area. This space could easily be converted into a 5th bedroom if desired. A partially finished three car garage gives you ample space for your cars and toys! Downstairs front AC Unit was completely replaced (including ducting) in 2013 the other two units have been maintained / serviced regularly and have had no issues. The entire homes insulation has been updated for better efficiency and a tankless water heater was installed in 2024. Lastly this home has a large yard with ample storage for vehicles or trailers. The paver driveway and walkway were just replaced in Nov 2023 at a cost of 25k. Hurry - schedule your appointment to view today!

Details

Property type

Single Family Residence

Est. home value

$698,938

Lot size

0.35 acres

Price per sq ft

$312

Year built

1932

Annual property taxes

$6,090

Price History

08/29/2024
StellarMLS

StellarMLS #U8251375

Price change
$1,120,000
-2.61%
07/26/2024
StellarMLS

StellarMLS #U8251375

Listed
$1,150,000
+325.93%
12/30/2010
StellarMLS

StellarMLS #U7491590

Sold
$270,000
-54.24%

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

$987,783
Asking price
$1,120,000
Closing costs (~8% of asking)
-$89,600
Est. remaining loan balance
-$42,617
Cash to seller
$987,783

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

Seller’s Loan History

Lender

Republic Bank & Trust Co

Loan start date

October 2023

Original loan amount

$495,000

Est. remaining balance

$42,617

Interest rate

7.18%

Loan type

New Conventional, 1 year

Seller

Michael Morea and Alicia H Morea

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?

Similar Homes Nearby

StellarMLS
$999,999
4 bd
|
3 ba
|
2,310 sq ft
|
House

307 161st Ave, Redington Beach, FL 33708

Price drop
StellarMLS
$1,200,000
4 bd
|
3.5 ba
|
2,482 sq ft
|
House

371 Bath Club Blvd N, North Redington Beach, FL 33708

Price drop
StellarMLS
$1,185,000
3 bd
|
2.5 ba
|
2,276 sq ft
|
House

15525 Redington Dr, Redington Beach, FL 33708

Status: Active

Tomo last checked: 09/19/2024 at 8:00 PM

Listing updated: 08/29/2024 at 8:36 PM

Listed by: Mike Morea, HECKLER REALTY GROUP LLC Phone #: (727) 954-5199

MLS: StellarMLS #U8251375

StellarMLS logo

Recently listed in SEMINOLE

$469,900|2 bd|2.0 ba|House
$565,000|3 bd|2.0 ba|House
$400,000|3 bd|2.0 ba|House
$450,000|3 bd|3.0 ba|Townhouse
$435,000|2 bd|2.0 ba|House
$555,000|2 bd|2.0 ba|House