tomo logo

$695,000

Beds
5
Baths
6.0
sq ft
2,495

716 Groveland Ave, Venice, FL 34285

716 Groveland Ave

VENICE, FL 34285

  • 16 days on market
Incredible Investment Opportunity, Over $60,000 In Rental Income In 2024. This unique property consists of a beautiful, Turnkey furnished main house and a 795 square foot guest house that is used for additional income. Over $70,000 in improvements have been made since 2022. The main house has 3 bedrooms, 4 bathrooms, a heated pool and spa, has been repiped in 2022, brand new hot water heater, a custom remodeled master bathroom, and freshly painted interior and wood beam rewraps. Currently being used as a seasonal rental with over a 70 percent occupancy rate. The guest house has a brand new roof, brand new A/C system, and 2 full bedrooms and bathrooms. just installed this year. Currently rented with a yearly lease with a $1,600 monthly rate, the lease does have a 60 day cancellation policy if the new owner doesn’t want to keep the tenant. Situated on an oversized lot, over a third of an acre, fully fenced in and located just minutes to Venice Island. The location cannot be more perfect. No HOA, No CDD. Rental history and income information is available upon request. Property is rented for the 2025 season and leases must be honored, great rental income right from the start. Call today for any additional information or to schedule your private showing.

Details

Property type

Single Family Residence

Est. home value

$537,381

Lot size

0.34 acres

Price per sq ft

$279

Year built

1925

Annual property taxes

$7,713.5

HOA

No

Price History

12/07/2024
StellarMLS

StellarMLS #N6135798

Listed
$695,000
+29.77%
09/07/2022
StellarMLS

StellarMLS #A4538318

Sold
$535,550

Schools & Community

Neighborhood: 

East Venice Ave

Elementary school: 

Garden Elementary

Middle school: 

Student Leadership Academy

High school: 

Venice Senior High

Community features: 

Park, Sidewalks

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

$250,254
Asking price
$695,000
Closing costs (~8% of asking)
-$55,600
Est. remaining loan balance
-$389,146
Cash to seller
$250,254

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

Seller’s Loan History

Lender

Caliber Home Loans Inc

Loan start date

September 2022

Original loan amount

$401,662

Est. remaining balance

$389,146

Interest rate

5.54%

Loan type

New Conventional, 30 year

Seller

Ryan Sampson and Leann Sampson

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: 12/23/2024 at 12:10 AM

Listing updated: 12/08/2024 at 6:51 AM

Listed by: Anthony Capotosto, WILLIAM RAVEIS REAL ESTATE Phone #: (941) 867-3901

MLS: StellarMLS #N6135798

StellarMLS logo

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