tomo logo

$320,000

Beds
3
Baths
1.0
sq ft
1,260

8514 Gold Ridge Cir, Tampa, FL 33619

8514 Gold Ridge Cir

TAMPA, FL 33619

  • 71 days on market
    • Price drop $30,000↓
Move into this 3-4 bedroom house with easy access to Tampa, Brandon, and the major highways: I-75, I-4, Crosstown Expressway, US-301, and others. There is a bonus room with a closet that can be used as the Mother-in-law suite, 4th bedroom, office, family room, entertainment center, den, etc. Since the bonus room has a private entrance it can be used as a rental room to generate income. Ceiling fans are in all bedrooms, the bonus room, living room and lanai. The kitchen is updated with all new appliances and back splash. The roof was new in 2020 and the AC in 2019. The front door is new and hurricane rated. There are hurricane hooks on the roof which lowers the insurance cost. The air ducts were recently replaced and there is wire mesh-like screen barrier at the soffits. A radiant heat barrier in the attic keeps the house cooler in the summer. There is also a home warranty in effect which is transferable to the new owner. Before the solar panels were installed, the electric bill in this house averaged around $255 each month. Now there is no monthly electric usage charge, but there is a $253.85 monthly loan payment for the solar panels. The Buyer has 2 options: (A) Use the listed price of $320,000 and the Seller will pay a lump sum of $17,000 towards the solar panels loan which will reduce the monthly payment of $253.85 to $177.60; or (B) Assume the solar panels loan monthly payment of $253.85 and the listed price will be reduced to $303,000. The interest rate on the solar panels loan is 3.99 and there are about 23.3 years left.

Details

Property type

Single Family Residence

Est. home value

$235,034

Lot size

7,350 sq ft

Price per sq ft

$254

Year built

1975

Annual property taxes

$1,308

HOA

No

Price History

09/28/2024
StellarMLS

StellarMLS #T3545386

Price change
$320,000
-8.57%
09/13/2024
StellarMLS

StellarMLS #T3545386

Listed
$350,000
+300%
09/22/2016
StellarMLS

StellarMLS #T2832286

Sold
$87,500
+113.41%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$142,752
Asking price
$320,000
Closing costs (~8% of asking)
-$25,600
Est. remaining loan balance
-$151,648
Cash to seller
$142,752

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

Seller’s Loan History

Lender

Royal United Mortgage Llc

Loan start date

July 2022

Original loan amount

$157,000

Est. remaining balance

$151,648

Interest rate

5.25%

Loan type

New Conventional, 30 year

Seller

Gretchen Salisbury

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 6:55 AM

Listing updated: 11/10/2024 at 3:10 PM

Listed by: Roberta Blanchard, KELLER WILLIAMS SUBURBAN TAMPA Phone #: (813) 684-9500

MLS: StellarMLS #T3545386

StellarMLS logo

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