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$385,000

Beds
3
Baths
2.0
sq ft
1,362

7 Elm Ave SE, Fort Walton Beach, FL 32548

7 Elm Ave SE

Fort Walton Beach, FL 32548

  • 146 days on market
    • Price drop $15,000↓
***Investor's dream*** You have SHORT and LONG term rental opportunities. Unit 7A (1BR/1BA, 504sqft) is a short term rental and made close to $38k in 2023 BY ITSELF! It has over $28k in 2024 bookings. 7 Elm (2 BR/1 BA, 858sqft) needs a little TLC but could easily make $1200 a month long term or $25k Plus short term. Property is zoned R2. Easily meets the 10% rule. Bring your ideas and imagination and invest in the unique property!

Details

Property type

Single Family Residence

Est. home value

$245,858

Lot size

6,970 sq ft

Price per sq ft

$283

Year built

1945

Price History

10/28/2024
EmeraldCoast

EmeraldCoast #953576

Price change
$385,000
-3.75%
07/11/2024
EmeraldCoast

EmeraldCoast #953576

Price change
$400,000
-2.44%
06/30/2024
EmeraldCoast

EmeraldCoast #953576

Listed
$410,000
+46.95%

Schools & Community

Elementary school: 

Elliott Point

Middle school: 

Meigs

High school: 

Choctawhatchee

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Hometown Equity Mortgage

Loan start date

November 2022

Original loan amount

$211,250

Est. remaining balance

Not provided

Interest rate

6.66%

Loan type

Building or Construction Loan

Seller

Lady Pack Llc

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: 11/23/2024 at 1:30 PM

Listing updated: 11/14/2024 at 12:17 PM

Listed by: Patrick M Watford, Patrick M Watford, The Ketchersid Group LLC Phone #: (850) 344-9848

MLS: EmeraldCoast #953576

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