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$950,000

Beds
3
Baths
2.0
sq ft
1,723

611 Hibiscus Way, Longboat Key, FL 34228

611 Hibiscus Way

LONGBOAT KEY, FL 34228

  • 19 days on market
Here is an amazing opportunity to either renovate or tear down and rebuild on a gorgeous oversized 10,800 sf lot with a beautiful pool already in place. Located in the sought after “Village” of Longboat Key, it is surrounded by multi-million dollar homes and is ready to be reimagined! The interior of the home was remediated after the recent storm with removal of drywall and has been left in that condition awaiting its next visionary owner. The gorgeous pool sits in a large and private fenced in backyard and it features a metal roofed shed in addition to the home that could be used for storage or a studio. The lively Village is known for its friendly, laid back island lifestyle and this would be an amazing opportunity to jump in and make it your own. Longboat Keys beaches stretch for miles with sunsets that are not to be missed. Let this exceptional location be your new place to call home.

Details

Property type

Single Family Residence

Est. home value

$1,346,207

Lot size

0.25 acres

Price per sq ft

$552

Year built

1953

Annual property taxes

$9,766

HOA

No

Price History

12/03/2024
StellarMLS

StellarMLS #A4631189

Listed
$950,000
+20.25%
02/24/2021
StellarMLS

StellarMLS #A4488819

Sold
$790,000
+39.82%
01/30/2020
StellarMLS

StellarMLS #A4454422

Sold
$565,000
+21.51%

Schools & Community

Elementary school: 

Anna Maria Elementary

Middle school: 

Martha B. King Middle

High school: 

Bayshore High

Community features: 

Restaurant

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

$465,348
Asking price
$950,000
Closing costs (~8% of asking)
-$76,000
Est. remaining loan balance
-$408,652
Cash to seller
$465,348

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

Seller’s Loan History

Lender

Loandepot.Com Llc

Loan start date

January 2020

Original loan amount

$452,000

Est. remaining balance

$408,652

Interest rate

3.73%

Loan type

New Conventional, 30 year

Seller

Stefan H Cushman

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: 12/22/2024 at 10:45 AM

Listing updated: 12/09/2024 at 1:03 PM

Listed by: JoDene Moneuse, MICHAEL SAUNDERS & COMPANY Phone #: (941) 383-7591

MLS: StellarMLS #A4631189

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