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$239,000

Beds
2
Baths
1.0
sq ft
818

1711 Michigan Ave NE, Saint Petersburg, FL 33703

1711 Michigan Ave NE

SAINT PETERSBURG, FL 33703

  • 23 days on market
This property, sold AS-IS for LAND VALUE, presents an exceptional opportunity to create a stunning new home or capitalize on the growing demand for luxury housing in one of the areas most desirable neighborhoods. The 50x100 lot currently features a solid block structure with 2 bedrooms, 1 bathroom, 818 sq. ft., and a one-car garage. While the existing home has flood damage from Hurricane Helene, it has been fully remediated, offering the potential for renovation or redevelopment. The value here is undeniable--new construction homes on comparable lots are selling between $1.2M and $1.4M. Whether you're building a custom home or planning your next investment project, this property offers a golden opportunity to maximize returns in a high-demand market. Situated just minutes from the Downtown St. Petersburg Waterfront and St. Pete Pier, this property provides convenient access to marinas, golf courses, premier dining, boutique shopping, and vibrant entertainment. Outdoor enthusiasts will appreciate proximity to local parks, the Recreation Center, and Weedon Island Preserve for pickleball, tennis, swimming and kayaking. Families will love the convenience of the nearby Shore Acres Elementary, Mangrove Bay Middle School and brand-new YMCA. This tight-knit, vibrant neighborhood is known for its strong sense of community, featuring golf cart parades, block parties, social clubs and more. Note: No assignable contracts, subject-to offers, or wholesalers. Seller makes no warranties on any aspect of the property. Don't miss this opportunity to bring your vision to life in one of the most coveted neighborhoods. Call today for more information!

Details

Property type

Single Family Residence

Est. home value

$338,971

Property condition

Fixer

Lot size

4,868 sq ft

Price per sq ft

$293

Year built

1969

Annual property taxes

$2,161

HOA

No

Price History

11/29/2024
StellarMLS

StellarMLS #TB8325792

Listed
$239,000
-30.32%
07/18/2023
StellarMLS

StellarMLS #U8202859

Sold
$343,000
+85.51%
08/31/2017
StellarMLS

StellarMLS #U7825041

Sold
$184,900

Schools & Community

Neighborhood: 

Shore Acres

Elementary school: 

Shore Acres Elementary-PN

Middle school: 

Meadowlawn Middle-PN

High school: 

Northeast High-PN

Community features: 

Park, Playground, Pool, Sidewalks, 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

-$100,180
Asking price
$239,000
Closing costs (~8% of asking)
-$19,120
Est. remaining loan balance
-$320,060
Cash to seller
-$100,180

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

Seller’s Loan History

Lender

Regions Bank

Loan start date

July 2023

Original loan amount

$325,000

Est. remaining balance

$320,060

Interest rate

6.79%

Loan type

New Conventional, 30 year

Seller

Madison Mae Black and Anderson Grossman

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 9:00 AM

Listing updated: 11/30/2024 at 6:52 AM

Listed by: Amber Stodart, CENTURY 21 BEGGINS Phone #: (800) 541-9923

MLS: StellarMLS #TB8325792

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