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$360,000

Beds
5
Baths
2.5
sq ft
1,856

8975 Cypresswood Dr, Lake Wales, FL 33898

8975 Cypresswood Dr

LAKE WALES, FL 33898

  • 1 day on market
One or more photo(s) has been virtually staged. 5BR BEAUTY ON 1/2+ ACRE WITH UPGRADES GALORE! Fabulous layout features triple split bedroom plan, open & inviting living and dining areas complete with wood floors & French doors leading to the large family room that is sure to accommodate everyone and is "party perfect." The nicely remodeled kitchen features upgraded cabinets with lovely granite countertops, a built-in desk area, a pantry closet, tile floor & is fully equipped with all of the appliances. The generous-sized laundry room is accompanied by a 1/2 bath "powder room," also with an upgraded vanity & granite countertop. The double garage boasts a workbench with cabinets & there's even an a/c unit in place for your craftsman at heart. Enjoy the great outdoors with a 25x12 tastefully tiled & screened lanai leading to the quaint wooden patio deck with a raised sitting area that would be ideal for a hot tub. The spacious backyard is a gardener's delight, featuring a variety of fruit trees, including mangoes, gooseberries, sugar apples, bananas, and so much more. There's also a storage building with electricity & workbench space. Chickens can be included if the new owner desires. Additional features include a newer central heat & air conditioning system, a security system, and an irrigation system on a shallow well for the lawn. Optional Home Owner's Association, which has a low fee, provides residents access to desirable Lake Walk-in-Water. This expansive 7,528-acre lake offers premier bass fishing opportunities, a boat ramp and dock for water activities, as well as picnic grounds with BBQ grills, providing an ideal setting for relaxation and recreation in Florida's natural beauty.

Details

Property type

Single Family Residence

Est. home value

$337,518

Lot size

0.52 acres

Price per sq ft

$194

Year built

2000

Annual property taxes

$1,187

Monthly HOA fee

$13.75

Price History

03/31/2025
StellarMLS

StellarMLS #O6295152

Listed
$360,000
+50%
11/17/2020
StellarMLS

StellarMLS #P4912907

Sold
$240,000
+95.92%
12/15/2010
StellarMLS

StellarMLS #P4613903

Sold
$122,500
-40.24%

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

$220,117
Asking price
$360,000
Closing costs (~8% of asking)
-$28,800
Est. remaining loan balance
-$111,083
Cash to seller
$220,117

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

Seller’s Loan History

Lender

Legend Lending Corp

Loan start date

November 2020

Original loan amount

$123,000

Est. remaining balance

$111,083

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

Philmore Browne and Velda Browne

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: 04/02/2025 at 5:45 AM

Listing updated: 04/01/2025 at 6:57 AM

Listed by: Daniel Betancourt, EXP REALTY LLC Phone #: (407) 375-9142

MLS: StellarMLS #O6295152

StellarMLS logo

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