Property Description

Short Sale. Short Sale opportunities have distinct Buyer responsibilities. Pay close attention to deferred maintenance seen at the bottom. Please pay close attention. Buyers and Buyer's agents verify schools, room sizes, Leasing Restrictions, Community Memberships, Pets and HOA restrictions along with Community Memberships. All information is deemed reliable but not guaranteed. Buyer is responsible for removing any items left on the property after closing. Note 24 hour Notice needed before booking a showing. home in the highly sought-out Lake Point South! Located in the heart of South Lakeland, this 4-bedroom, 2-bath, pool home provides easy access to everything the area has to offer! This home, built in 1980 boasts character, with some of the original touches left intact with formal living and dining rooms. Truly a great opportunity to live in one of the most coveted neighborhoods in Lakeland! If you call the listing Brokerage direct, please be prepared to discuss method of purchase with cash or mortgage and amount of down payment. The Security system will not convey with the sale of the house. It is a Short-Sale - REALTOR ETHICS demands the following estimates be included. Year built 1980, deferred maintenance; Roof 2015 (after 11 years needs inspection,) AC (two) 2010, 16 years old $26,000 replacement. kitchen and both baths 40 plus years old require updating; estimate $43,000 including base grade appliances, exterior wall sheathing repair/replacement (from shade-rot,) and deck repairs $78,000, pool and pool decking $13,600, interior floors, $16,000 plus. Windows need be brought to code minimum $32,000. Not counting roof repairs if needed, minimum deferred maintenance restoration costs will be $208,600. Current retail value if in good condition $505,000 less $208,600 for a market value of $296,400 or higher depending on Buyer's willingness to pay a premium or do the work themselves. Lender that owns the mortgage demands current listing price. A purchaser should be prepared not to live at the property for 6 months while repairs take place.

Property Features