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$1,399,000

Beds
4
Baths
3.5
sq ft
3,401

7425 Terrace River Dr, Temple Terrace, FL 33637

7425 Terrace River Dr

TEMPLE TERRACE, FL 33637

  • 9 days on market
Welcome to this stunning, three-level, pool home perfectly situated on a serene stretch of the Hillsborough River, offering beautiful views and spectacular sunsets. Nestled in the peaceful community of Terrace River, this unique property features 4 bedrooms, 3 1/2 baths, and over 3,400 square feet of living space. Step through the French doors into a grand foyer with soaring ceilings, a wood staircase, and elegant iron banisters that extend throughout the upper-level catwalk.The large living room, highlighted by a stone accent wall and gas fireplace, opens to the expansive pool deck, seamlessly blending indoor and outdoor living. Adjacent to the living room, the formal dining room provides ample space for large gatherings. The kitchen has been upgraded with newer stainless steel appliances, complementing its white cabinetry, granite countertops, and generous layout—perfect for meal prep and entertaining.The main floor offers a primary bedroom with an en-suite bath, while two upstairs bedrooms also feature en-suite bathrooms and walk-in closets. A fourth bedroom upstairs serves as a versatile office space. A spacious utility/mudroom, complete with washer/dryer and storage, leads to the oversized two-car garage. Unlike most Florida homes, this property also features a basement, now transformed into an entertainment space with a bar area—the perfect spot for hosting guests, a game room, or a home theater. AND, above the garage, a spacious flat-roof balcony with endless possibilities, whether transformed into a rooftop garden or a private putting green. The commercial-sized pool and newly updated decking create a resort-like ambiance, with an outdoor grill and kitchen area for entertainment and dining. With a new roof installed in 2021, three water heaters, and two A/C units, this home is designed for both comfort and efficiency. Its location is unbeatable, with close proximity to parks, recreation facilities, and convenient access to three major highways (I-75, I-4, I-275). It is just minutes away from USF, major hospitals, entertainment venues, and shopping amenities.

Details

Property type

Est. home value

$609,958

Lot size

0.33 acres

Price per sq ft

$412

Year built

1975

Annual property taxes

$9,504

Monthly HOA fee

$32.08

Price History

02/13/2025
StellarMLS

StellarMLS #TB8349941

Listed
$1,399,000
+120.31%
03/01/2022
StellarMLS

StellarMLS #T3349750

Sold
$635,000
+86.76%
08/24/2019
StellarMLS

StellarMLS #T3132558

Sold
$340,000
+74.36%

Schools & Community

Elementary school: 

Folsom-HB

Middle school: 

Greco-HB

High school: 

King-HB

Community features: 

Sidewalks, Tennis Court(s)

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

$971,634
Asking price
$1,399,000
Closing costs (~8% of asking)
-$111,920
Est. remaining loan balance
-$315,446
Cash to seller
$971,634

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

Seller’s Loan History

Lender

Navy Fcu

Loan start date

March 2022

Original loan amount

$335,000

Est. remaining balance

$315,446

Interest rate

3.45%

Loan type

VA, 30 year

Seller

Thomas D Melvin and Yeter Pio

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

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403 Weeburn Rd, Temple Terrace, FL 33617

Status: Active

Tomo last checked: 02/23/2025 at 3:40 AM

Listing updated: 02/13/2025 at 2:48 PM

Listed by: Ravelle Vakili, SMITH & ASSOCIATES REAL ESTATE Phone #: (813) 839-3800

MLS: StellarMLS #TB8349941

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