tomo logo

$554,900

Beds
4
Baths
2.0
sq ft
1,689

1344 Springdale St, Clearwater, FL 33755

1344 Springdale St

CLEARWATER, FL 33755

  • 12 days on market
    • Price drop $40,100↓
PRICE JUST DROPPED BY $45K! MOTIVATED SELLER!!! Don’t miss out on this aggressively priced, This pristine home price includes : FULLY FURNISHED 4-bedroom, 2-bathroom single-family home is READY to generate passive INCOME or ENHANCE your investment portfolio. Located less than 5 miles from Clearwater Beach—this property offers modern amenities and a prime location for both personal enjoyment and rental potential. the #1 rated beach in the U.S. With luxury vinyl plank flooring, high-efficiency double-paned windows, and new doors, the property offers modern comfort in a spacious block construction. PROPERTY HIGHLIGHTS: Prime Location: Situated on a quiet street with no HOA fees and outside any flood zones, ensuring low overhead costs. Open Floor Plan: The split-bedroom layout creates a bright and inviting space, perfect for families or entertaining guests. Private Oasis: Enjoy a resurfaced heated pool within a fenced backyard, ideal for relaxation or hosting gatherings. TURNKEY INVESTMENT OPPORTUNITY: This home has a successful track record as a vacation rental, offering Pro Forma: Projected Annual Gross Income: $80,000 Net Operating Income (NOI): $64,000 Capitalisation Rate (Cap Rate): ~10.7 Estimated Cash-on-Cash Return: ~20.9 FINANCING EXAMPLE : Assuming a loan amount of $450,000 with a 6.99 interest rate on a 30-year fixed mortgage: Principal and Interest Payment: Approximately $2,991/month This property presents an exceptional opportunity for both personal enjoyment and investment potential in a highly sought-after location. This property will not last schedule you appointment today!!!

Details

Property type

Single Family Residence

Est. home value

$587,387

Lot size

8,699 sq ft

Price per sq ft

$329

Year built

1954

Annual property taxes

$6,284.25

HOA

No

Price History

01/16/2025
StellarMLS

StellarMLS #O6268378

Price change
$554,900
-6.74%
01/10/2025
StellarMLS

StellarMLS #O6268378

Listed
$595,000
+48.75%
12/21/2021
StellarMLS

StellarMLS #W7840284

Sold
$400,000
+73.91%

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

$229,936
Asking price
$554,900
Closing costs (~8% of asking)
-$44,392
Est. remaining loan balance
-$280,572
Cash to seller
$229,936

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

Seller’s Loan History

Lender

Rocket Mortgage Llc

Loan start date

December 2021

Original loan amount

$300,000

Est. remaining balance

$280,572

Interest rate

2.98%

Loan type

New Conventional, 30 year

Seller

Mohamad Badieh Abdallah and Ali Mahmoud Abdallah

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: 01/22/2025 at 1:15 PM

Listing updated: 01/19/2025 at 4:10 PM

Listed by: Ibrahim Mroue, TMG TERRA MIA GLOBAL REALTY LL Phone #: (407) 408-2999

MLS: StellarMLS #O6268378

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Recently listed in CLEARWATER