tomo logo

$899,000

Beds
5
Baths
3.0
sq ft
3,140

636 Faulkner St, New Smyrna Beach, FL 32168

636 Faulkner St

NEW SMYRNA BEACH, FL 32168

  • 387 days on market
    • Price drop $40,000↓
Welcome to your incredible investment opportunity in the charming Riverside Garden District of New Smyrna Beach! This unique property is located in the bed and breakfast overlay and features not one, but two beautifully designed homes with one featuring TWO income producing Apartments on a double lot, a rare find on Faulkner Street.This property is located close to downtown Canal street and a public fishing area one block over from the river and is only 5 minutes to the Ocean. You and your guests can enjoy being located in the legal golf cart zone as well! The front home is a stunning, updated, bungalow having undergone a complete remodel that showcases modern elegance while still keeping this historic homes charm.. The kitchen has all-new cabinets, quartz countertops, and a farmhouse sink, creating a perfect blend of functionality and style. The bathroom is equally impressive, with its remodel with meticulous attention to detail. Enjoy the luxury of refinished heart pine floors that span throughout, enhancing the home's character. Step onto the inviting front porch or the stone paver driveway and fire pit area, perfect for entertaining guests. The 260-square-foot deck adds to the allure, offering a serene outdoor space to unwind. But that's not all—this property also includes a back house with two apartments and an 800SF concrete parking pad for all of your toys. The first apartment, featuring two bedrooms and one bath, has been completely remodeled, with engineered hardwood floors, new kitchen cabinets and countertops and a bathroom updated with a new vanity and Marble shower. The upstairs apartment is updated with vinyl plank flooring throughout, with a newly remodeled bathroom and updated kitchen cabinets. For those seeking elevated views, the rooftop deck presents a splendid spot to soak in the surroundings. With the potential for short-term rental income, this property is a dream come true for savvy investors or simply live in the front house and rent the back two apartments. You can even build your dream home on this oversized, double lot now or down the road. Don't miss the opportunity to own this exceptional property with dual homes, located in a prime New Smyrna Beach location near the river. Your investment possibilities are endless – schedule a viewing today and experience the charm and potential first hand! ;Water: City

Details

Property type

Single Family Residence

Est. home value

$1,173,760

Lot size

0.37 acres

Price per sq ft

$287

Year built

1946

Price History

07/15/2024
StellarMLS

StellarMLS #NS1076974

Price change
$899,000
-4.26%
05/13/2024
StellarMLS

StellarMLS #NS1076974

Price change
$939,000
+4.45%
05/02/2024
StellarMLS

StellarMLS #NS1076974

Removed
$899,000

Schools & Community

Neighborhood: 

Faulkner

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$456,591
Asking price
$899,000
Closing costs (~8% of asking)
-$71,920
Est. remaining loan balance
-$370,489
Cash to seller
$456,591

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

Seller’s Loan History

Lender

Crosscountry Mortgage Llc

Loan start date

May 2022

Original loan amount

$385,000

Est. remaining balance

$370,489

Interest rate

4.67%

Loan type

New Conventional, 30 year

Seller

Tara Lyall and Joseph Lyall

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: 09/19/2024 at 8:00 PM

Listing updated: 08/19/2024 at 5:05 PM

Listed by: Tara Lyall, THE HIGH TIDE GROUP Phone #: (386) 682-0992

MLS: StellarMLS #NS1076974

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