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$1,225,000

Beds
5
Baths
2.0
sq ft
3,194

2701 1st Ave S, Saint Petersburg, FL 33712

2701 1st Ave S

ST PETERSBURG, FL 33712

  • 494 days on market
    • Price drop $75,000↓
Welcome to modern living in the heart of Downtown St. Pete. Opportunity for Investors and Developers. The seller is motivated and open to offers.! Bring your proposals, and let’s make a deal! This Lote is conveniently located in the vibrant Arts District and active Grand Central District. Bordered by Kenwood and Palmetto Park neighborhoods, these locations can be characterized by a fun, laid-back, diverse, and artsy vibe. Quickly evolving, walkable, and eclectic streetscapes are filled with the trendiest, most inclusive, galleries, arts-centric bistros, boutiques, breweries, bars, restaurants, and coffee shops in all of St. Petersburg. Including popular attractions like the Pier, The Mahaffey Theater, Tropicana Field, and the Dalí Museum. The nearby PSTA SunRunner trolley offers convenient transportation to the Gulf beaches to the west or downtown St Pete to the East. This property has a house that has two stories with a 5-bedroom, 2-bathroom, kitchen, dining room, covered porch, and wide living room area. The wide 2-car garage space is used as a laundry room and storage by the owner. The house has different spaces outside including the considerable backyard where outdoor living had become a luxury to enjoy in the middle of the city. This house has no important updates in its style and that is why It is for sale “As is”. The property offers many opportunities to improve, experiencing the perfect combination of timeless exterior architecture and best-of-class contemporary interiors although the owner considers it a property to be developed. The crown jewel of this property is the lot size, approximately 7,000 sqft, ideally for developers who want to give new innovative and unique living spaces with the most exclusive luxury details, similar to the comparables around it. This corner lot is the ideal space in Downtown St Pete to build 3 Townhomes or /and Commercial spaces. Subject Property sits high & dry out of evacuation zones.

Details

Property type

Single Family Residence

Est. home value

$732,705

Lot size

6,874 sq ft

Price per sq ft

$384

Year built

1938

Annual property taxes

$231

HOA

No

Price History

09/16/2024
StellarMLS

StellarMLS #U8205411

Price change
$1,225,000
-5.77%
06/30/2023
StellarMLS

StellarMLS #U8205411

Listed
$1,300,000

Schools & Community

Elementary school: 

Woodlawn Elementary-PN

Middle school: 

John Hopkins Middle-PN

High school: 

Gibbs High-PN

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

$648,292
Asking price
$1,225,000
Closing costs (~8% of asking)
-$98,000
Est. remaining loan balance
-$478,708
Cash to seller
$648,292

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

Seller’s Loan History

Lender

Freedom Mortgage Corp

Loan start date

July 2022

Original loan amount

$495,000

Est. remaining balance

$478,708

Interest rate

5.23%

Loan type

VA, 30 year

Seller

Francine Hall

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: 11/05/2024 at 11:45 AM

Listing updated: 09/16/2024 at 12:47 PM

Listed by: Miguel Suarez del Villar Garcia, MIAMI PREMIER REALTY Phone #: (307) 776-5666

MLS: StellarMLS #U8205411

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