tomo logo

$1,100,000

Beds
3
Baths
2.0
sq ft
2,088

16 Martinique Ave, Tampa, FL 33606

16 Martinique Ave

TAMPA, FL 33606

  • 17 days on market
Expansive lot larger than a 1/4-acre on Davis Islands! Prepare to build your dream home on this 0.29 acre property that already includes a pool! Home had water intrusion from Hurricane Helene and flooring and drywall have been removed as part of moisture mitigation. The property is being sold for the value of the land and is sold AS-IS. It may be possible for the property to qualify for permits to restore and repair the damage (buyer and buyer's agent should verify if this is the case). Photos show the property before and after the storm for reference. If you are eager to build on Davis Islands, don't wait to check out this excellent location on Martinique Avenue. Please use caution if entering the home and consider wearing a mask for your safety.

Details

Property type

Single Family Residence

Est. home value

$1,322,857

Lot size

0.29 acres

Price per sq ft

$527

Year built

1956

Annual property taxes

$16,309

HOA

No

Price History

10/19/2024
StellarMLS

StellarMLS #TB8311824

Listed
$1,100,000
+33.33%
05/07/2021
StellarMLS

StellarMLS #T3298682

Sold
$825,000

Schools & Community

Neighborhood: 

Davis Island

Elementary school: 

Gorrie-HB

Middle school: 

Wilson-HB

High school: 

Plant-HB

Community features: 

Airport/Runway, Park, Playground, Tennis Court(s)

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

$324,445
Asking price
$1,100,000
Closing costs (~8% of asking)
-$88,000
Est. remaining loan balance
-$687,555
Cash to seller
$324,445

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

Seller’s Loan History

Lender

Truist Bank

Loan start date

May 2021

Original loan amount

$741,675

Est. remaining balance

$687,555

Interest rate

3.09%

Loan type

New Conventional, 30 year

Seller

David Alberto Rivera and Angelica Rivera Cruz

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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Price drop
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Status: Active

Tomo last checked: 11/05/2024 at 7:30 AM

Listing updated: 10/20/2024 at 6:51 AM

Listed by: Thomas Wagner, KELLER WILLIAMS TAMPA PROP. Phone #: (813) 264-7754

MLS: StellarMLS #TB8311824

StellarMLS logo

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