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$597,000

Beds
2
Baths
2.0
sq ft
1,570

117 88th Ave, Treasure Island, FL 33706

117 88th Ave

TREASURE ISLAND, FL 33706

  • 225 days on market
    • Price drop $32,000↓
This spacious sun drenched 2 bedroom 2 bath multilevel cottage home is located in the coveted Sunset Beach neighborhood - steps from the Gulf of Mexico and the popular KaTiki bar and grill. The main living areas are elevated, move-in ready, and include an open concept kitchen, dining and living room with vaulted ceilings, skylights, and hardwood floors plus a bathroom, principal bedroom, and bonus loft space. This property is being sold as is following recent flood damage to its ground floor, which has been gutted to the studs, cleaned, dried, and treated with mold inhibitor. Prior to flooding, the ground floor layout included a laundry area, storage space, bonus room, and a spacious mother-in-law apartment with plumbing for a full bathroom and kitchen. New Central Heat/Air 2023. New double-paned hurricane windows 2021. New shingle roof 2020. The photos indicate home’s present condition.

Details

Property type

Single Family Residence

Est. home value

$662,023

Lot size

1,599 sq ft

Price per sq ft

$381

Year built

1940

Annual property taxes

$6,059

HOA

No

Price History

12/05/2024
StellarMLS

StellarMLS #O6202545

Price change
$597,000
-25.28%
05/12/2024
StellarMLS

StellarMLS #O6202545

Listed
$799,000
+83.68%
08/06/2018
StellarMLS

StellarMLS #U8007771

Sold
$435,000

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

$279,319
Asking price
$597,000
Closing costs (~8% of asking)
-$47,760
Est. remaining loan balance
-$269,921
Cash to seller
$279,319

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

Seller’s Loan History

Lender

Broker Solutions Inc

Loan start date

July 2020

Original loan amount

$298,243

Est. remaining balance

$269,921

Interest rate

3.15%

Loan type

New Conventional, 30 year

Seller

Willie C Owens Jr and Sharon Monette Owens

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: 12/23/2024 at 11:15 AM

Listing updated: 12/04/2024 at 9:33 PM

Listed by: Steven Koleno, BEYCOME OF FLORIDA LLC Phone #: (804) 656-5007

MLS: StellarMLS #O6202545

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