tomo logo

$84,900

Beds
Unknown
sq ft
Unknown

7152 Palm Ave, Leesburg, FL 34788

7152 Palm Ave

LEESBURG, FL 34788

  • 10 days on market
Canal Lot with Incredible Potential – Sold As-Is Welcome to 7152 Palm Ave., a unique opportunity to purchase a canal-front lot in Leesburg, Florida. While the property has recently suffered significant fire damage, it offers incredible potential for investors or buyers looking to build or renovate. The sale includes the valuable canal lot, which features water access and scenic views, perfect for future development or recreational use. Key Features: Canal Lot: Prime location on a canal with easy access to water activities such as boating, fishing, or kayaking. Potential Impact Fee Waiver: The property may be eligible for an impact fee waiver, offering a potential cost savings for development. Outbuildings Included: The sale includes existing outbuildings that may be repurposed or utilized in your plans. As-Is Sale: The property is being sold as-is, allowing for creative flexibility in redevelopment. Great Location: Nestled in a peaceful, desirable neighborhood of Leesburg situated at a dead end point. Whether you're looking to invest in a canal-front lot with a blank slate or seeking a renovation project with major upside potential, 7152 Palm Ave. offers a rare opportunity. Bring your vision and make it your own! Google the address and you will find old photos of what the home used to look like if you plan to salvage the remaining walls and footprint. For more information or to schedule a showing, contact us today!

Details

Property type

Est. home value

$273,319

Lot size

0.23 acres

Price per sq ft

Unknown

Year built

Unknown

Annual property taxes

$570

HOA

No

Price History

12/13/2024
StellarMLS

StellarMLS #O6264168

Listed
$84,900
-19.07%
12/16/2014
StellarMLS

StellarMLS #G4706377

Sold
$104,900
-11.85%
08/01/2011
StellarMLS

StellarMLS #G4670848

Sold
$119,000
+131.07%

Schools & Community

Elementary school: 

Treadway Elem

Middle school: 

Tavares Middle

High school: 

Tavares 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

-$88,874
Asking price
$84,900
Closing costs (~8% of asking)
-$6,792
Est. remaining loan balance
-$166,982
Cash to seller
-$88,874

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

Seller’s Loan History

Lender

Rocket Mortgage Llc

Loan start date

August 2021

Original loan amount

$180,000

Est. remaining balance

$166,982

Interest rate

2.98%

Loan type

VA, 30 year

Seller

Ronnie Gamble and Patricia Denise Gamble

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?

Similar Homes Nearby

Price drop
StellarMLS
$65,000
3 bd
|
2 ba
|
1,344 sq ft
|
Manufactured

171 Paradise N, Leesburg, FL 34788

Price drop
StellarMLS
$89,000
3 bd
|
2 ba
|
1,413 sq ft
|
Condo

500 Newell Hill Rd Unit 108C, Leesburg, FL 34748

Price drop
StellarMLS
$84,900
3 bd
|
2 ba
|
1,413 sq ft
|
Condo

500 Newell Hill Rd Unit 107A, Leesburg, FL 34748

Status: Active

Tomo last checked: 12/23/2024 at 8:50 AM

Listing updated: 12/13/2024 at 11:18 PM

Listed by: Logan Wilson, RLW REALTY Phone #: (352) 771-2560

MLS: StellarMLS #O6264168

StellarMLS logo

Recently listed in LEESBURG

$285,000|2 bd|2.0 ba|House
$125,000|2 bd|2.0 ba|Manufactured
$124,900|2 bd|2.0 ba|Manufactured
$175,000|2 bd|2.5 ba|Townhouse
$525,000|3 bd|2.5 ba|House
$110,000|2 bd|2.0 ba|Manufactured
$209,900|2 bd|2.0 ba|Manufactured