tomo logo

$240,000

Beds
4
Baths
2.0
sq ft
1,248

5533 Cherry Rd, Lakeland, FL 33810

5533 Cherry Rd

LAKELAND, FL 33810

  • 88 days on market
Great investment property. This property already has tenants with a lease can be renewed in September. This manufactured home was recently remodeled in August 2024. It sits on 1.85 acres of land. This is a 4 bedroom, 2 bath home remodeled with fresh paint, updated flooring, light fixtures, new garden tub in the Master bath, Stove, refrigerator, granite counter tops and cabinets! New roof being installed in the next couple of months. Well was replaced in 2017. New AC was installed Sept 2024. Please do not disturb the tenants. All Measurements to be verified by purchaser.

Details

Property type

Manufactured Home

Type

Double Wide

Lot size

1.85 acres

Price per sq ft

$193

Year built

2006

Annual property taxes

$2,127

HOA

No

Price History

02/25/2025
StellarMLS

StellarMLS #W7871028

Listed
$240,000
02/22/2025
StellarMLS

StellarMLS #W7871028

Pending
$240,000
01/02/2025
StellarMLS

StellarMLS #W7871028

Listed
$240,000
+772.73%

Schools & Community

Elementary school: 

Licoln Avenue Academy

Middle school: 

Kathleen Middle

High school: 

Kathleen High

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

$162,459
Asking price
$240,000
Closing costs (~8% of asking)
-$19,200
Est. remaining loan balance
-$58,341
Cash to seller
$162,459

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

Seller’s Loan History

Lender

Bank Of America Na

Loan start date

July 2008

Original loan amount

$87,137

Est. remaining balance

$58,341

Interest rate

6.32%

Loan type

FHA, 30 year

Seller

James Ryle

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: 03/31/2025 at 6:10 PM

Listing updated: 03/27/2025 at 5:13 PM

Listed by: Paula Hall, SKYBROOK REALTY & ASSOCIATES, INC. Phone #: (813) 435-9683

MLS: StellarMLS #W7871028

StellarMLS logo

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