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$315,000

Beds
3
Baths
2.0
sq ft
1,627

1701 Colorado Ave NE, Saint Petersburg, FL 33703

1701 Colorado Ave NE

SAINT PETERSBURG, FL 33703

  • 16 days on market
This property presents an incredible opportunity to create your dream home and invest in the rapidly growing demand for luxury housing in one of the area’s most sought-after neighborhoods. Situated on a generously sized corner lot, exceeding 8,000 sq ft. This home is being sold AS-IS following flooding from Helene. Remarkably, prior to Hurricane Helene, the home had never experienced flooding since the current owners took possession in 2017, with only one recorded instance of flooding back in 1980, according to FEMA records. The property boasts three spacious bedrooms, two bathrooms, plus numerous updates—including a new roof installed in 2021, updated impact resistant windows (2015), HVAC (2020), and a natural gas-fed tankless water heater. Photos included showcase the property both pre-hurricane and in its current condition to provide a full understanding of its potential. Upon entering, you'll be greeted by the living room, with a coat closet and large window overlooking the covered front porch. The home's layout is a sought after split floor plan. The large primary bedroom features an en suite bath, walk-in closet, and one of three sliders throughout the home, creating private outdoor access. The kitchen is located in the center of the home flowing easily to the living room and rear family room with cozy fireplace and the second set of sliders, leading to a covered paver patio, The second and third bedroom conveniently have the second bath and linen closet between them. The third bedroom is where you'll find the third set of sliders leading to the paver patio. The landscaped backyard offers ample space for outdoor activities. The large parking pad with a gated entrance is the perfect space to store your recreational vehicles. The sizable shed is also included with the property. Being sold AS-IS, with no warranties made by the seller. No assignable contracts, subject-to offers, or wholesalers will be considered. Don’t miss this rare chance to reimagine a home in a prime location and make it your own. Schedule your showing today to explore the possibilities!

Details

Property type

Single Family Residence

Est. home value

$574,200

Lot size

8,895 sq ft

Price per sq ft

$194

Year built

1971

Annual property taxes

$4,692.04

HOA

No

Price History

12/06/2024
StellarMLS

StellarMLS #TB8327367

Listed
$315,000
+6.78%
10/09/2018
StellarMLS

StellarMLS #A4410509

Sold
$295,000
+210.53%
04/27/2012
StellarMLS

StellarMLS #U7458707

Sold
$95,000
-68.01%

Schools & Community

Neighborhood: 

Shore 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

$11,664
Asking price
$315,000
Closing costs (~8% of asking)
-$25,200
Est. remaining loan balance
-$278,136
Cash to seller
$11,664

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

Seller’s Loan History

Lender

Home Point Financial Corporation

Loan start date

August 2021

Original loan amount

$300,000

Est. remaining balance

$278,136

Interest rate

2.93%

Loan type

New Conventional, 30 year

Seller

Thomas Andrews and Stephanie Andrews

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 6:25 PM

Listing updated: 12/07/2024 at 6:55 AM

Listed by: Derrick Silvers, FUTURE HOME REALTY INC Phone #: (813) 855-4982

MLS: StellarMLS #TB8327367

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