tomo logo

$1,600,000

Beds
3
Baths
3.0
sq ft
2,442

127 51st St, Holmes Beach, FL 34217

127 51st St

HOLMES BEACH, FL 34217

  • 80 days on market
    • Price drop $135,000↓
Completely renovated in 2021! INCOME PRODUCING DUPLEX with gross rents in 2023 at $106,000! GORGEOUS 2-unit duplex, or single-family home with in-law suite, is located just 6 homes away(NO MAJOR ROADS TO CROSS!) from the deeded beach access to the sugar sands of Anna Maria Island beaches!!! SIDE A is "Ann's Cottage" a 2B/2B w/1792 sq.ft with indoor sun-room and dining area with a bar, private large outdoor lanai which features a gazebo, fire pit, TV, hammock and grill. There is brand new storage shed to store bikes, beach gear etc. SIDE B is "Couples Seatreat" a darling 1B/1B w/ 650 sq.ft. The backyard of both sides have lush tropical vibes with a brand new 6ft. vinyl fencing for privacy. This duplex is zoned multi-family and on an oversized 10,000 sq.ft lot. Plenty of room for a pool! 2021 renovations include; new luxury vinyl throughout, new kitchens and bathroom with quartz countertops, new paint, baseboards, appliances, water heater, roof 2021, AC 2018 and both sides offered TURN-KEY FURNISHED. You decide whether this is an investment (AIRBNB) or your forever home. Both units are in pristine condition, and certainly show pride of ownership. Weekly rentals are allowed. Leave your car home and trolley hop (it’s free) to all parts of the island, restaurants, library, beaches, and shopping. Life on the island is truly magical! Assumable flood policy of $3722 per year.

Details

Property type

Single Family Residence

Est. home value

$1,751,225

Lot size

0.23 acres

Price per sq ft

$656

Year built

1954

Annual property taxes

$14,631

Price History

09/09/2024
StellarMLS

StellarMLS #A4613916

Price change
$1,600,000
-7.78%
06/28/2024
StellarMLS

StellarMLS #A4613916

Listed
$1,735,000
04/26/2024
StellarMLS

StellarMLS #A4585936

Removed
$1,735,000

Schools & Community

Elementary school: 

Anna Maria Elementary

Middle school: 

Martha B. King Middle

High school: 

Manatee High

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

$1,005,114
Asking price
$1,600,000
Closing costs (~8% of asking)
-$128,000
Est. remaining loan balance
-$466,886
Cash to seller
$1,005,114

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

Seller’s Loan History

Lender

I3 Lending Inc

Loan start date

August 2021

Original loan amount

$500,000

Est. remaining balance

$466,886

Interest rate

3.02%

Loan type

New Conventional, 30 year

Seller

Juan Fabrega and Gail Fabrega

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: 09/16/2024 at 12:20 PM

Listing updated: 09/09/2024 at 11:05 AM

Listed by: Cindy Quinn, SATO REAL ESTATE INC. Phone #: (941) 778-7200

MLS: StellarMLS #A4613916

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