tomo logo

$369,000

Beds
3
Baths
3.0
sq ft
2,952

625 W Olympia Ave, Punta Gorda, FL 33950

625 W Olympia Ave

PUNTA GORDA, FL 33950

  • Pending
    • Price drop $60,000↓
MOTIVATED SELLER-BRING ALL OFFERS! HEART OF DOWNTOWN HISTORIC DISTRICT ON OVERSIZED CORNER LOT. This home presents a unique chance for buyers or investors looking to restore and renovate to their vision and offers the opportunity to own one of the largest corner lots in downtown Punta Gorda. Spacious home includes approximately 3,000 sq. ft. of living area, with 3 bedrooms, 3 baths, a large kitchen, formal living and dining rooms, a family room, a bonus room, and a 20' x 40' screened pool under an expansive lanai. Additional features include a two-car garage and a new roof installed in 2022. Unbeatable location, just minutes from top attractions, including Fishermen's Village, The Yacht Club, Gilchrist Park, restaurants, boutique shopping, community events, and scenic biking and walking trails. Whether you’re envisioning a personal retreat or an investment property, the potential is endless in this prime location. Priced to reflect its condition, this home provides a rare opportunity to create equity in a sought-after area and being sold "as-is" due to flood damage.

Details

Property type

Single Family Residence

Est. home value

$859,857

Property condition

Fixer

Lot size

0.39 acres

Price per sq ft

$125

Year built

1959

Annual property taxes

$5,941.96

HOA

No

Price History

02/21/2025
StellarMLS

StellarMLS #C7500294

Pending
$369,000
02/20/2025
StellarMLS

StellarMLS #C7500294

Price change
$369,000
-13.99%
02/09/2025
StellarMLS

StellarMLS #C7500294

Price change
$429,000
-12.27%

Schools & Community

Elementary school: 

Sallie Jones Elementary

Middle school: 

Punta Gorda Middle

High school: 

Charlotte 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

$67,478
Asking price
$369,000
Closing costs (~8% of asking)
-$29,520
Est. remaining loan balance
-$272,002
Cash to seller
$67,478

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

Seller’s Loan History

Lender

Van Dyk Mortgage Corp

Loan start date

November 2017

Original loan amount

$318,150

Est. remaining balance

$272,002

Interest rate

3.91%

Loan type

New Conventional, 30 year

Seller

Steven D Christesen

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: Pending/Under Contract

Tomo last checked: 02/23/2025 at 3:25 AM

Listing updated: 02/21/2025 at 6:02 PM

Listed by: Brian Helgemo, COMPASS FLORIDA Phone #: (941) 205-8478

MLS: StellarMLS #C7500294

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Recently listed in PUNTA GORDA