tomo logo

$520,000

Beds
6
Baths
3.0
sq ft
2,331

617 Brookside Dr, Clearwater, FL 33764

617 Brookside Dr

CLEARWATER, FL 33764

  • 1 day on market
SELLER MOTIVATED! HIGH AND DRY + NEW SOLAR PANELS. Welcome to this exceptional single family home in the sought-after Brookside Subdivision. Perfect for everyone, Whether you are looking to purchase the home as a primary residence or investment property. The property has the potential to produced an 9% annual Cap rate with an 11% cash on cash return with 20% down. This home was previously leased for 5k a month. The home features over 2331 sq. ft. of living space on nearly a quarter-acre lot. With 6 bedrooms, 3 bathrooms, and ample front parking, the layout is perfect for comfortable living or potential rental opportunities. The residence beautifully combines classic architectural charm with modern updates, including a renovated kitchen, upgraded bathrooms, and more. Ideal for first-time buyers or investors, this property also comes with solar panels (fully paid off at closing) to reduce your energy costs. Don’t miss out on this fantastic opportunity – all financing options are welcome!

Details

Property type

Single Family Residence

Est. home value

$513,276

Lot size

0.25 acres

Price per sq ft

$224

Year built

1955

Annual property taxes

$6,561.39

HOA

No

Price History

11/13/2024
StellarMLS

StellarMLS #TB8311392

Removed
$520,000
11/13/2024
StellarMLS

StellarMLS #TB8320419

Listed
$520,000
11/12/2024
StellarMLS

StellarMLS #TB8311392

Price change
$520,000
-8.61%

Schools & Community

Elementary school: 

Plumb Elementary-PN

Middle school: 

Oak Grove Middle-PN

High school: 

Clearwater High-PN

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

$158,031
Asking price
$520,000
Closing costs (~8% of asking)
-$41,600
Est. remaining loan balance
-$320,369
Cash to seller
$158,031

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

Seller’s Loan History

Lender

Angel Oak Mortgage Solutions Llc

Loan start date

April 2022

Original loan amount

$336,000

Est. remaining balance

$320,369

Interest rate

3.85%

Loan type

New Conventional, 30 year

Seller

Samuel Sandoval and Xiomara Fridman Castelblanco

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?

Status: Active

Tomo last checked: 11/14/2024 at 11:25 AM

Listing updated: 11/14/2024 at 6:51 AM

Listed by: Jessica Jimenez, BHHS FLORIDA PROPERTIES GROUP Phone #: (813) 908-8788

MLS: StellarMLS #TB8320419

StellarMLS logo

Recently listed in CLEARWATER