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$1,315,000

Beds
5
Baths
3.5
sq ft
2,311

5907 SW Cherokee St, Palm City, FL 34990

5907 SW Cherokee St

Palm City, FL 34990

  • 21 days on market
    • Price drop $15,000↓
Motivated seller offering 12k towards buyers closing costs! This beautiful 5 bedroom, 3.5 bathroom farm house with a pool has been custom renovated from top to bottom including a new metal roof. This home is nestled on fully cleared 5 acres that offer scenic views along with great privacy. Enjoy a gorgeous brand new cook's kitchen with stainless steel appliances, gas range, and quartz countertops. Luxury vinyl flooring throughout the home, 3 full bathrooms and one powder room all with brand new vanities and tile. This property is fully fenced and also contains a 6 stall barn ready for improvements. Enjoy the idyllic views and wildlife that frequently visit the property, all while being minutes from highway access, schools, shopping, and all Palm City has to offer!

Details

Property type

Single Family Residence

Est. home value

$845,397

Lot size

5.01 acres

Price per sq ft

$570

Year built

1993

Annual property taxes

$5,818

Price History

12/11/2024
Beaches

Beaches #R11042131

Price change
$1,315,000
-1.13%
12/03/2024
Beaches

Beaches #R11042131

Listed
$1,330,000
-1.48%
02/02/2024
Beaches

Beaches #R10952249

Removed
$1,350,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool

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

$573,471
Asking price
$1,315,000
Closing costs (~8% of asking)
-$105,200
Est. remaining loan balance
-$636,329
Cash to seller
$573,471

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

Seller’s Loan History

Lender

Acc Mortgage Inc

Loan start date

March 2023

Original loan amount

$649,600

Est. remaining balance

$636,329

Interest rate

6.12%

Loan type

New Conventional, 30 year

Seller

Ryan Tyler Burch

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: 12/23/2024 at 7:00 PM

Listing updated: 12/11/2024 at 9:05 AM

Listed by: Alin Zdroba, Propertio Phone #: (888) 817-3383

MLS: Beaches #R11042131

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