tomo logo

$875,000

Beds
3
Baths
3.0
sq ft
2,466

16018 5th St E, Redington Beach, FL 33708

16018 5th St E

REDINGTON BEACH, FL 33708

  • 1 day on market
Opportunity awaits in Redington Beach! This southwest-facing property is the recipient of a CALMING sea breeze and GORGEOUS SUNSETS. The dock did not have any damage from the recent storms and the pool was resurfaced just a few years ago. The lot is just over 11,000 square feet and the driveway currently connects to both 161st Ave and 2nd St E, providing options for how you would want to situate a new build. Come take a look and see if this property is the one for you to build your dream home on the water! Renovating the current home will be subject to the FEMA Substantial Improvement/Damage determination.

Details

Property type

Single Family Residence

Est. home value

$1,140,428

Lot size

0.25 acres

Price per sq ft

$355

Year built

1954

Annual property taxes

$8,260.31

HOA

No

Price History

10/17/2024
StellarMLS

StellarMLS #TB8311221

Listed
$875,000
+66.67%
02/20/2018
StellarMLS

StellarMLS #U7813081

Sold
$525,000

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

$489,869
Asking price
$875,000
Closing costs (~8% of asking)
-$70,000
Est. remaining loan balance
-$315,131
Cash to seller
$489,869

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

Seller’s Loan History

Lender

Nfm Lending

Loan start date

February 2018

Original loan amount

$420,000

Est. remaining balance

$315,131

Interest rate

3.99%

Loan type

New Conventional, 20 year

Seller

John S Duran and Patricia G Duran

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: 10/18/2024 at 4:30 AM

Listing updated: 10/18/2024 at 3:30 AM

Listed by: Jesse Hoover, COASTAL PROPERTIES GROUP INTER Phone #: (813) 553-6869

MLS: StellarMLS #TB8311221

StellarMLS logo

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