tomo logo

$634,900

Beds
4
Baths
2.0
sq ft
2,268

8706 Thornwood Ln, Tampa, FL 33615

8706 Thornwood Ln

TAMPA, FL 33615

  • 13 days on market
This spacious waterfront home in highly desirable Bay Crest Park was recently kissed by hurricane Helene. The owner began the process of restoration from the storm damages, but then decided to sell and allow someone else to turn this into their dream home at a reduced price. Well below any other comparable waterfront listed house in the neighborhood. Big size difference. This home is HUGE!. It has a great floor plan as well. The kitchen opens up nicely to the rest of the house and there are plenty of spots from where one can get a nice view of the canal through the expansive sliding glass doors so as to help ease the mind. This home has great potential to be restored into a home with a resort type feel. The home has good bones. It already has high end filmed hurricane windows throughout, the air conditioner was replaced less that a week from the listing date, a/c ducts were replaced in 2024, the washer and dryer are brand new, this home has a 100 year metal roof, the sea wall was reinforced and a liner and drains were installed. So the new owner just needs to apply the final touches. Keep a boat on the dock or kayaks will do because the canal in the back of the house is just the distance of around 3-4 blocks from opening up majestically into beautiful Tampa Bay. To me, it's invigorating every time I reach the bay. Guests from out of town's reactions to that is very rewarding. Bay Crest Park is conveniently located only 8 minutes from Tampa International Airport, but it's off to the side of the airport, so you won't notice that it's there. 10-15 minutes from downtown Tampa and 25 minutes to some of the best beaches in the US. Home Depot, Publix, Ross, Aldi, more shopping and restaurants are only 3-4 blocks away. Target, Walmart, theaters, and great restaurants are just minutes away. I purchased my home in Bay Crest in 2001 and currently live in it now. I raised my kids here and love this neighborhood. It's very tranquil and safe. The neighbors are great. There are beautiful trees all over, neighbors keep up with their landscaping and help the neighborhood stay looking nice without having to pay HOA fees and without association bullies

Details

Property type

Single Family Residence

Est. home value

$710,348

Lot size

7,260 sq ft

Price per sq ft

$280

Year built

1963

Annual property taxes

$4,983.5

HOA

No

Price History

11/10/2024
StellarMLS

StellarMLS #TB8316110

Listed
$634,900
+217.61%
11/25/2009
StellarMLS

StellarMLS #T2382061

Sold
$199,900
-60.73%
11/09/2006
StellarMLS

StellarMLS #T2165503

Sold
$509,000
+18.37%

Schools & Community

Elementary school: 

Bay Crest-HB

Middle school: 

Webb-HB

High school: 

Alonso-HB

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

$389,980
Asking price
$634,900
Closing costs (~8% of asking)
-$50,792
Est. remaining loan balance
-$194,128
Cash to seller
$389,980

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

Seller’s Loan History

Lender

American Equity Mortgage Inc

Loan start date

April 2013

Original loan amount

$265,000

Est. remaining balance

$194,128

Interest rate

3.56%

Loan type

New Conventional, 30 year

Seller

Annie Buff Rner and Tina Elizabeth Arner

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 12:45 PM

Listing updated: 11/15/2024 at 5:30 PM

Listed by: Edwin Trinidad, THREE PALACES REALTY CORP Phone #: (813) 884-3900

MLS: StellarMLS #TB8316110

StellarMLS logo

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