tomo logo

$470,000

Beds
4
Baths
3.5
sq ft
2,430

5505 Touraine Dr, Tallahassee, FL 32308

5505 Touraine Dr

Tallahassee, FL 32303

  • 240 days on market
    • Price drop $19,990↓
Interest Rates Are Falling but... Not as Low as 3.25%! This low interest rate is not the only advantage. Opportunity for simple cosmetic repair will provide instant Value Add! Brick, Two-Car Garage, Fenced in Back Yard, 1.25AC. Lafayette Oaks, is a Gated Community with a Pool, Park and Multiple Lakes. Offers Due 2/10/2025

Details

Property type

Single Family Residence

Est. home value

$499,601

Lot size

1.25 acres

Price per sq ft

$194

Year built

1974

HOA fee

$550

Price History

01/07/2025
Tallahassee

Tallahassee #373218

Price change
$470,000
-2.08%
12/15/2024
Tallahassee

Tallahassee #373218

Removed
$480,000
10/11/2024
Tallahassee

Tallahassee #373218

Price change
$480,000
-2.04%

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

$98,481
Asking price
$470,000
Closing costs (~8% of asking)
-$37,600
Est. remaining loan balance
-$333,919
Cash to seller
$98,481

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

$333,919

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?

Similar Homes Nearby

Tallahassee
$512,544
4 bd
|
3.5 ba
|
2,055 sq ft
|
House

316 Ursaline St, Tallahassee, FL 32317

Price drop
Tallahassee
$489,000
4 bd
|
2.5 ba
|
2,316 sq ft
|
House

2871 Kilkierane Dr, Tallahassee, FL 32309

Tallahassee
$498,900
4 bd
|
3 ba
|
2,234 sq ft
|
House

1577 Cherry Blossom Cir, Tallahassee, FL 32317

Status: Active

Tomo last checked: 02/02/2025 at 6:45 AM

Listing updated: 01/21/2025 at 11:12 AM

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

MLS: Tallahassee #373218

Tallahassee logo

Recently listed in Tallahassee