tomo logo

$450,000

Beds
3
Baths
2.0
sq ft
1,714

640 E Indiana Ave, Deland, FL 32724

640 E Indiana Ave

DELAND, FL 32724

  • 4 days on market
Seller may consider buyer concessions if made in an offer ~ Perfectly situated less than a mile from historic Downtown Deland this OVERSIZED CORNER LOT is full of INVESTMENT POTENTIAL! The .34 ACRES includes a 1926 built home that has been completely RENOVATED but still exudes the historical charm of 1926; the main home is 2BD/1BA while the IN-LAW SUITE/APARTMENT in the rear has 1BD/1BA in addition to the full kitchen. There is also a detached garage with 500 sq ft under A/C for the perfect workshop or hobby space and a large shed in the backyard provides additional storage. The ROOF, ELECRICAL, A/C and WATER HEATER were all UPDATED IN 2018 and there are TRAVERTINE TILE and WOOD FLOORS throughout. The main home features crown molding, a cozy fireplace and an UPDATED KITCHEN! There is plenty of parking - BRING YOUR BOAT or RV - and the private backyard is the perfect blank canvas whether you live in one of these character filled homes or rent them both out. You are just minutes from Stetson University and E New York Ave is a straight shot to I-4. Enjoy shopping and dining in historic downtown as well as easy access to local entertainment, parks and more. Opportunity is knocking! Call today to schedule a tour and discover all the possibilities this unique property has to offer!

Details

Property type

Single Family Residence

Est. home value

$340,123

Lot size

0.34 acres

Price per sq ft

$263

Year built

1926

Annual property taxes

$6,047

HOA

No

Price History

11/01/2024
StellarMLS

StellarMLS #O6252710

Listed
$450,000
+28.57%
09/06/2022
StellarMLS

StellarMLS #O6041408

Sold
$350,000
+18.64%
04/19/2021
Daytona

Daytona #1081229

Sold
$295,000
+27.16%

Schools & Community

Elementary school: 

Blue Lake Elem

Middle school: 

Deland Middle

High school: 

Deland 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

$91,049
Asking price
$450,000
Closing costs (~8% of asking)
-$36,000
Est. remaining loan balance
-$322,951
Cash to seller
$91,049

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

September 2022

Original loan amount

$332,500

Est. remaining balance

$322,951

Interest rate

5.54%

Loan type

New Conventional, 30 year

Seller

Thomas Solano

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: 11/04/2024 at 11:10 PM

Listing updated: 11/02/2024 at 6:51 AM

Listed by: Jenny Wemert, WEMERT GROUP REALTY LLC Phone #: (407) 743-8356

MLS: StellarMLS #O6252710

StellarMLS logo

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