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$250,000

Beds
3
Baths
1.0
sq ft
1,066

1883 Michigan Ave NE, Saint Petersburg, FL 33703

1883 Michigan Ave NE

ST PETERSBURG, FL 33703

  • 35 days on market
Fantastic Investment Opportunity in Shore Acres, St. Pete! Looking for the perfect location to build your dream home or renovate? This 50x100 lot in the highly sought-after Shore Acres neighborhood offers endless potential. While the existing home was impacted by recent flooding, this presents an ideal opportunity for a builder or investor. You also have the option to purchase the neighboring lot (also 50x100) for even more possibilities! Shore Acres is a vibrant community located just minutes from downtown St. Pete, known for its dining, shopping, waterfront parks, and arts scene. Whether you're looking to create new construction or revitalize this home, the location is unbeatable with easy access to the beach, boating, and year-round outdoor activities. Don't miss this chance to invest in one of St. Pete's most desirable areas!

Details

Property type

Single Family Residence

Est. home value

$368,199

Lot size

5,140 sq ft

Price per sq ft

$235

Year built

1954

Annual property taxes

$4,955.54

HOA

No

Price History

10/19/2024
StellarMLS

StellarMLS #TB8312430

Listed
$250,000
-24.22%
07/03/2024
StellarMLS

StellarMLS #T3521318

Sold
$329,900
06/07/2024
StellarMLS

StellarMLS #T3521318

Pending
$329,900

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

-$11,575
Asking price
$250,000
Closing costs (~8% of asking)
-$20,000
Est. remaining loan balance
-$241,575
Cash to seller
-$11,575

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

Seller’s Loan History

Lender

Swbc Mortgage Corp

Loan start date

April 2021

Original loan amount

$261,250

Est. remaining balance

$241,575

Interest rate

3.05%

Loan type

New Conventional, 30 year

Seller

Maddison Renee Long

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: 11/22/2024 at 7:50 PM

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

Listed by: James Falcon, RE/MAX ALLIANCE GROUP Phone #: (813) 259-0000

MLS: StellarMLS #TB8312430

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