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$490,000

Beds
3
Baths
2.5
sq ft
1,518

1585 Delaware Ave NE, Saint Petersburg, FL 33703

1585 Delaware Ave NE

ST PETERSBURG, FL 33703

  • 65 days on market
    • Price drop $10,000↓
Amazing investment opportunity! This home is being sold as-is; cash buyers only as it was flooded by Hurricane Helene and has been remediated and is ready to renovate, raise, or rebuild. This home was fully remodeled in 2023 with many upgrades surviving the hurricane and still in new condition. 2023 upgrades include: hurricane-rated impact windows on the entire house (done by Window World with a transferable lifetime warranty), a Carrier HVAC system with Google Nest, a Daizuki Mini Split in the upstairs primary bedroom for added comfort (the primary bedroom also has central AC), an Ecosmart tankless water heater, gutters on the entire house, pavers installed on the driveway, porch, back patio, and pool deck, pool refinished with PebbleTec and new tiles, granite window sills, a fiberglass "wood look" front door, a Rain Bird irrigation system, the entire floor leveled to prevent water intrusion under the flooring, new "wood-look" tiles installed throughout the entire home with antimicrobial grout, new exterior paint, and the upstairs bedroom and bathroom were remodeled. A new salt cell and pool pump were just installed (October, 2024), and the pool was acid washed, cleaned, and inspected with no damage. The tile roof was just inspected and has no damage with a 15 years remaining. This home is just a few minutes from Denver Park, the new Shore Acres Recreation Center, Whole Foods, Publix, and many restaurants. It's only a 10-minute drive to downtown St. Pete or I-275. Many new construction homes in the neighborhood are selling for $1.3-2.5 million.

Details

Property type

Single Family Residence

Est. home value

$507,872

Property condition

Fixer

Lot size

8,059 sq ft

Price per sq ft

$323

Year built

1957

Annual property taxes

$7,352.26

Monthly HOA fee

$2.08

Price History

12/05/2024
StellarMLS

StellarMLS #TB8311759

Price change
$490,000
-2%
11/14/2024
StellarMLS

StellarMLS #TB8311759

Listed
$500,000
10/26/2024
StellarMLS

StellarMLS #TB8311759

Removed
$500,000

Schools & Community

Neighborhood: 

Shore Acres

Elementary school: 

Shore Acres Elementary-PN

Middle school: 

Meadowlawn Middle-PN

High school: 

Northeast High-PN

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

$1,869
Asking price
$490,000
Closing costs (~8% of asking)
-$39,200
Est. remaining loan balance
-$448,931
Cash to seller
$1,869

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

Seller’s Loan History

Lender

Citizens Bank Na

Loan start date

May 2022

Original loan amount

$470,450

Est. remaining balance

$448,931

Interest rate

4.16%

Loan type

New Conventional, 30 year

Seller

Whitney M Mccormick

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: 12/22/2024 at 5:15 AM

Listing updated: 12/13/2024 at 12:15 PM

Listed by: Allison Mawhinney, NEXTHOME LUXE COASTAL Phone #: (727) 315-0315

MLS: StellarMLS #TB8311759

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