tomo logo

$275,000

Beds
4
Baths
2.0
sq ft
1,048

1311 Prescott St S, Saint Petersburg, FL 33712

1311 Prescott St S

ST PETERSBURG, FL 33712

  • 1 day on market
This recently updated 4-bedroom, 2-bathroom home is a fantastic find for investors seeking solid, reliable income. This property generates a steady $2,502 in monthly rental income with a dependable Housing Authority tenant in place, ensuring consistent cash flow for your portfolio. Located in vibrant St. Petersburg, this home benefits from the city's lively arts scene, beautiful beaches, and abundant recreational options, drawing a strong rental demand. This property is positioned for potential long-term appreciation, making it an ideal investment. Don’t miss your chance to secure this standout property with attractive rental income in the sought-after St. Petersburg market. Contact us today to take the next step in your investment journey!

Details

Property type

Single Family Residence

Est. home value

$239,451

Lot size

4,617 sq ft

Price per sq ft

$263

Year built

1941

Annual property taxes

$2,156.71

HOA

No

Price History

11/04/2024
StellarMLS

StellarMLS #TB8316853

Listed
$275,000
+12.7%
11/07/2023
StellarMLS

StellarMLS #T3475138

Sold
$244,000
+39.43%
02/10/2023
StellarMLS

StellarMLS #T3421992

Sold
$175,000
+85.19%

Schools & Community

Neighborhood: 

Melrose Mercy - Pine Acres

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

$71,638
Asking price
$275,000
Closing costs (~8% of asking)
-$22,000
Est. remaining loan balance
-$181,362
Cash to seller
$71,638

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

Seller’s Loan History

Lender

Everett Financial Inc

Loan start date

November 2023

Original loan amount

$183,000

Est. remaining balance

$181,362

Interest rate

7.19%

Loan type

New Conventional, 30 year

Seller

Samantha Spearman

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: 11/04/2024 at 11:10 PM

Listing updated: 11/04/2024 at 3:00 PM

Listed by: Amy Copeland, COLDWELL BANKER REALTY Phone #: (727) 781-3700

MLS: StellarMLS #TB8316853

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