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$480,000

Beds
4
Baths
3.5
sq ft
2,430

5505 Touraine Dr, Tallahassee, FL 32308

5505 Touraine Dr

Tallahassee, FL 32303

  • 168 days on market
    • Price drop $9,990↓
Value Add Opportunity, brick 4 bedroom 4 bathroom home rests on 1.25 acers in the gated in Lafayette Oaks community. This property comes with a two-car garage, fenced in back yard as well as a neighborhood pool park and lake. Equipped with modern upgrades. Accepting all offer and offering concessions! Additional seller financing options. An attractive assumable rate available at 3.25%!

Details

Property type

Single Family Residence

Est. home value

$499,601

Lot size

1.25 acres

Price per sq ft

$198

Year built

1974

HOA fee

$550

Price History

10/11/2024
Tallahassee

Tallahassee #373218

Price change
$480,000
-2.04%
08/14/2024
Tallahassee

Tallahassee #373218

Price change
$489,990
-2%
07/18/2024
Tallahassee

Tallahassee #373218

Price change
$499,990
-2.91%

Schools & Community

Elementary school: 

WT MOORE

Middle school: 

SWIFT CREEK

High school: 

LINCOLN

Community features: 

Curbs, Street Lights, Sidewalks

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

$105,502
Asking price
$480,000
Closing costs (~8% of asking)
-$38,400
Est. remaining loan balance
-$336,098
Cash to seller
$105,502

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

Seller’s Loan History

Lender

Guaranteed Rate Inc

Loan start date

April 2021

Original loan amount

$365,750

Est. remaining balance

$336,098

Interest rate

2.73%

Loan type

New Conventional, 30 year

Seller

Jesse Matthews and Kristin Matthews

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 3:30 PM

Listing updated: 10/29/2024 at 2:21 PM

Listed by: Logan Short, Premier Commercial Group, LLC Phone #: (850) 205-5201

MLS: Tallahassee #373218

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