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$400,000

Beds
1
Baths
1.0
sq ft
725

19451 Gulf Blvd Unit 204, Indian Shores, FL 33785

19451 Gulf Blvd Unit 204

INDIAN SHORES, FL 33785

  • 130 days on market
Welcome to BAY SHORES YACHT & TENNIS CLUB! Nestled between the Gulf of Mexico and the Intracoastal Waterway, this 1-bedroom, 1-bathroom condo in Indian Shores is a dream come true for vacation rental investors (7-day rentals approved). This fully furnished (optional) unit is located in a short-term rental-friendly municipality, making it an ideal turnkey investment. The HOA covers everything except electricity, and the complex has a pool, weight room, 8th floor sun deck, multiple tennis courts, putting greens, "first come" intercoastal boat slips for easy boating day adventures and more making it the ideal vacation investment! This property boasts a proven strong booking history, ensuring a steady stream of income. With a fully built-out vendor list of essential service providers, managing and maintaining the property is a breeze. The condo generated over $27,600 in annual income, providing a lucrative opportunity for those looking to invest in vacation rentals. Whether you're seeking a permanent residence, a vacation getaway or a profitable rental property, this condo offers the perfect blend of comfort and convenience. Don’t miss out on this exceptional opportunity!

Details

Property type

Condominium

Est. home value

$428,670

Lot size

4.44 acres

Price per sq ft

$552

Year built

1976

Annual property taxes

$5,514.64

HOA

Yes

Price History

06/26/2024
StellarMLS

StellarMLS #U8248033

Listed
$400,000
-5.66%
06/25/2024
StellarMLS

StellarMLS #U8236794

Removed
$424,000
05/03/2024
StellarMLS

StellarMLS #U8236794

Price change
$424,000
-0.24%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Clubhouse, Fitness Center, Park, 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

$121,520
Asking price
$400,000
Closing costs (~8% of asking)
-$32,000
Est. remaining loan balance
-$246,480
Cash to seller
$121,520

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

Seller’s Loan History

Lender

Crosscountry Mortgage Llc

Loan start date

February 2021

Original loan amount

$269,101

Est. remaining balance

$246,480

Interest rate

2.65%

Loan type

New Conventional, 30 year

Seller

Jill Nicole Anderson and Gina Lynn Stradling

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: 11/03/2024 at 7:30 AM

Listing updated: 10/02/2024 at 12:17 PM

Listed by: Morgan Ellis, A BETTER PROPERTY MANAGEMENT Phone #: (727) 228-4949

MLS: StellarMLS #U8248033

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