3631 Bradford Dr, Holiday, FL 34691

Here’s an in-depth analysis of the property at 3631 Bradford Dr, Holiday, FL 34691, including recent market trends and refinancing considerations:

Property Details:

• Address: 3631 Bradford Dr, Holiday, FL 34691
• Property Type: Single Family
• Bedrooms: 2 beds
• Bathrooms: 2 baths (Public records show 1 full bath, 1 half bath for a total of 1.5 baths for this specific address, but your input states 2 baths. It’s important to verify this on site or through detailed property reports).
• Square Footage: 1,040 sqft (living area)
• Lot Size: Approximately 5,096 – 5,227 sqft (0.12 acres)
• Estimated Refinance Payment: $1,672/mo (This is the payment provided in your input.)
• Built in: 1967 (58 years old)
• Stated Value: $459,000 (This is the value provided in your input. This value is significantly higher than recent sales and estimated values for this specific property and similar homes in Holiday, FL. Public records and real estate sites show a different picture):
  • Last Sold: The property last sold for $252,000 on May 25, 2022.
  • Realtor.com Estimate: $226,286
  • Zillow Zestimate®: $240,800
  • Movoto Public Record: $265,000 ($255/sqft) – This was a listing removed in Nov 2023.
• Tax History: Property taxes in 2024 were $1,014 (up from $962 in 2023 and $1,600 in 2022 – note the decrease from 2022 to 2023). The assessed value in 2024 was $91,740.

Additional Property Features and History:

• Interior Features: Ceiling Fans(s), Eating Space In Kitchen, Laminate, Ceramic Tile, Vinyl flooring, Blinds.
• Appliances: Dryer, Range, Refrigerator, Washer, Water Softener.
• Heating/Cooling: Central Air, Central Electric Heating.
• Parking: Attached 1-car garage, Curb Parking, Driveway, On Street, Oversized, Parking Pad.
• Construction: Concrete Block, Shingle roof (Asphalt).
• Utilities: Public Water, Public Sewer (and Septic Tank mentioned for some reason, usually it’s one or the other), BB/HS Internet Available, Cable Available, Cable Connected, Electricity Connected, Street Lights.
• Community Amenities: The Beacon Square Civic Association, a local community organization, offers a community pool and gathering area.
• Environmental Risks: Minimal flood risk, Moderate wildfire risk (increasing), Extreme heat risk (7 days above 109°F this year), Extreme wind risk over the next 30 years, Minor air quality risk.

Holiday, FL Real Estate Market Trends (as of July 2025):

• Market Condition: Holiday, FL is generally experiencing a cooling or rebalancing market. Realtor.com indicates a trending down median listing home price year-over-year. While some sources might say “balanced,” the overall trend points to increased inventory and longer days on market, giving buyers more power.
• Median Listing Home Price: $260,000 in June 2025, down 5.5% year-over-year. Median listing price per square foot was $202.
• Median Sold Home Price: $250,000 in June 2025 (Realtor.com) or $228,417 (Zillow for May 2025), remaining relatively flat or slightly up/down depending on the specific source’s data set compared to last year. For 2-bedroom homes specifically, the median sold price was $217,200 in June 2025, down 2.4% year-over-year.
• Average Home Value: The average Holiday, FL home value is around $226,845, down 8.5% over the past year (through June 30, 2025, Zillow).
• Median Days on Market: Homes go to pending in around 32 days (Zillow) or 52 days (Realtor.com for 34690 zip code), showing a trend towards longer market times.
• Inventory: Increasing, suggesting more options for buyers.
• Sale-to-List Price Ratio: Around 99.4%, meaning homes are selling close to their asking price.

Current Mortgage Refinance Rates in Florida (as of Monday, July 21, 2025):

• 30-Year Fixed Refinance: Average APRs are approximately 6.81% – 6.95%.
• 15-Year Fixed Refinance: Average APRs are around 5.89% – 6.11%.
• 5-Year Adjustable-Rate Mortgage (ARM): Average APRs are around 7.108% – 7.420%.

Note: These are average rates and are subject to change based on individual borrower qualifications (credit score, debt-to-income ratio), specific lenders, and daily market fluctuations. APR (Annual Percentage Rate) includes some fees beyond the interest rate.

General Requirements for Refinancing a Loan in Florida:

• Home Equity (Loan-to-Value Ratio – LTV): Most lenders require an LTV of 80% or less for conventional refinances (meaning you have at least 20% equity). For cash-out refinances, you can often borrow up to 80% of your home’s value (VA cash-out refinances can go up to 100%). A new appraisal will be required to determine the current market value and calculate your LTV.
• Credit Score: A minimum FICO score of 620 is generally needed for conventional loans. A higher score (740+) typically qualifies for the best rates. FHA loans may offer lower minimums (e.g., 500-580+), but include mandatory mortgage insurance premiums.
• Debt-to-Income (DTI) Ratio: Lenders typically look for a DTI of 43% or lower, although some programs (like FHA) may allow up to 50%.
• Property Occupancy: The home is generally required to be your primary residence, and at least one borrower must occupy it within 60 days of closing.
• Stable Income and Employment: You’ll need to provide documentation such as pay stubs, W-2 forms, and tax returns to prove a consistent income and employment history.
• Closing Costs: Expect to pay 2% to 6% of the new loan amount in closing costs. These can sometimes be rolled into the new loan, but doing so will increase your loan amount and total interest paid over time.
• Mortgage Insurance (PMI): If your LTV is above 80% on a conventional loan, you will likely be required to pay Private Mortgage Insurance (PMI).

Analysis for this specific property:

The stated value of $459,000 for 3631 Bradford Dr is highly inconsistent with recent sale prices and current estimated values for this specific address and for comparable 2-bedroom homes in Holiday, FL. The property last sold for $252,000 in May 2022, and current estimates from major real estate platforms are in the $200,000 – $265,000 range. The median sold price for 2-bedroom homes in Holiday is around $217,200.

If the actual market value of the home is closer to the $200,000-$265,000 range, then the estimated refinance payment of $1,672/mo would imply a substantial loan amount, possibly indicating a cash-out refinance or a significantly higher starting loan balance than the $252,000 sale in 2022 would suggest if the homeowner only financed a portion of that amount.

Given the current market trends in Holiday (declining average home values, longer days on market), it’s a “cooling” market. This could present both opportunities and challenges for refinancing. On one hand, a cooling market might lead to slightly more flexible lending, but on the other, a declining appraisal value could impact the amount of equity available for refinancing, especially for a cash-out refinance.

It is imperative that the homeowner:

1. Obtain a professional appraisal: This will be the most accurate determination of the home’s current market value and will be required by any lender for a refinance.
2. Verify their current loan balance: Understand exactly how much is owed on the existing mortgage.
3. Compare personalized refinance offers: Contact multiple lenders to get detailed quotes including interest rates, APRs, and all associated closing costs based on the appraised value and their specific financial situation.
4. Understand the discrepancy in value: Clarify why the initial stated value of $459,000 is so different from public records and market estimates. This could be due to significant, unreported renovations, an error in the input, or other factors. The success and terms of a refinance will heavily depend on the actual appraised value.