tomo logo

$1,179,000

Beds
5
Baths
4.0
sq ft
4,025

7843 16th Ter, Labelle, FL 33935

7843 16th Ter

LABELLE, FL 33935

  • 199 days on market
    • Price drop $20,999↓
This newly constructed architectural marvel, expertly crafted and epitomizing luxury, is prominently situated within the esteemed Wheeler Estates, on one of the few paved roads and occupying a sprawling 2.5-acre site that harmoniously blends the serene beauty of country living with a prime location. With an expansive 4,025 square feet of sophisticated living area under air, the residence is distinguished by its lofty 12 to 14-foot ceilings, ensuring an atmosphere of spaciousness throughout. The residence’s custom built floor plan encompasses five spacious bedrooms, an office/den, and a self-contained Mother-in-Law suite complete with a private kitchenette, perfectly accommodating both family life and guest hospitality. The property includes four lavishly designed bathrooms, a large gourmet kitchen outfitted with premier Viking and KitchenAid appliances, and an extensive custom walk-in pantry. Highlighting its refined aesthetic, the kitchen and bathrooms feature Greylac Quartz countertops, while elegant wood-like tile flooring and striking wood tray ceilings in the living room, dining room, and master suite amplify its aesthetic appeal. A significant enhancement to this magnificent estate is the permitted 40x50 steel building, equipped with 10x16 glass sliders and two 10x10 roll-up doors, ideal for vehicles or recreational equipment. The residence is also fortified with a Whole House Reverse Osmosis System and is pre-plumbed for an outdoor kitchen, offering convenience and future customization options. Adding to its allure, the estate includes pool renderings based on proposed plans, and features a mounting link for Starlink Internet, ensuring high-speed connectivity which will convey with the property. Each closet within the home has been meticulously designed with custom-built ins, underscoring a commitment to elegance and practicality. Boasting an extensive list of premium upgrades and bespoke features, this home is a testament to architectural excellence and design ingenuity. It represents a unique opportunity to own a piece of luxury that is truly unparalleled, inviting you to experience a level of sophistication and detail that is rare to find. AGENTS SEE REMARKS!

Details

Property type

Single Family Residence

Est. home value

$1,105,456

Lot size

2.50 acres

Price per sq ft

$293

Year built

2021

Annual property taxes

$1,038.5

Price History

07/17/2024
FortMyers

FortMyers #224020104

Price change
$1,179,000
-1.75%
06/30/2024
FortMyers

FortMyers #224020104

Price change
$1,199,999
-4%
06/10/2024
FortMyers

FortMyers #224020104

Price change
$1,250,000
-1.96%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Number of units in community: 

1

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

$263,907
Asking price
$1,179,000
Closing costs (~8% of asking)
-$94,320
Est. remaining loan balance
-$820,773
Cash to seller
$263,907

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

November 2021

Original loan amount

$875,000

Est. remaining balance

$820,773

Interest rate

2.88%

Loan type

VA, 30 year

Seller

Raymond Wesley Summerall and Jessica Marie Summerall

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: 09/19/2024 at 5:55 AM

Listing updated: 09/14/2024 at 3:06 PM

Listed by: Jake Neuville, Compass Florida, LLC. Phone #: (305) 851-2820

MLS: FortMyers #224020104

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