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$549,555

Beds
4
Baths
3.0
sq ft
3,206

2711 Queen St S, Saint Petersburg, FL 33712

2711 Queen St S

ST PETERSBURG, FL 33712

  • 150 days on market
    • Price drop $50,000↓
Unrivaled Opportunity - Cash Only Deal **Prime Location Near Lake Maggiore: 4-Bed, 3-Bath Single-Family Home** Discover the benefits of this prime single-family residence situated near the very sought after serenity of Lake Maggiore. Situated on a spacious half-acre lot flanked by two parcels, this 4-bedroom, 3-bathroom home awaits the creative touch of its next owner to bring it to its full potential glory. Boasting a recent partial renovation that introduced an expansive open floor plan concept with modern touches, this residence offers a seamless flow of space, perfect for both (relaxed) daily living and (effortlessly) entertaining guests. Imagine hosting gatherings in the spacious living areas, where ample room allows for comfortable socializing and making cherished memories. The home is approximately 80% complete, providing a canvas for personalization. The master bathroom and a few miscellaneous areas await their final touches to fulfill their luxurious promise. This opportunity allows discerning buyers to customize and complete the residence to their exact specifications, ensuring both practical functionality and aesthetic appeal. Outside, the expansive backyard could become your own private retreat. With ample space available, there is potential to create an outdoor oasis featuring a refreshing pool, surrounded by lush landscaping and a serene patio area—an ideal setting for relaxation and enjoying the year-round Florida sunshine. Located in a highly desirable area, this property offers more than just a home; it promises a lifestyle of convenience and accessibility. Positioned centrally, this property provides a quiet urban sanctuary with easy access to Downtown St. Petersburg, Tampa's bustling city life, and the renowned beaches/ parks of Pinellas County. Whether you're seeking a peaceful escape or a vibrant urban experience, this property combines potential, location, and value, making it an exceptional opportunity for investors and residents alike. **Note: This property is being sold as a cash-only deal, priced to sell and perfect for investors looking to add value to a nearly completed project.**

Details

Property type

Single Family Residence

Est. home value

$519,053

Lot size

0.5 acres

Price per sq ft

$172

Year built

1965

Annual property taxes

$6,372.36

Price History

07/19/2024
StellarMLS

StellarMLS #U8247900

Price change
$549,555
-8.34%
06/25/2024
StellarMLS

StellarMLS #U8247900

Listed
$599,555
+57.78%
05/28/2021
StellarMLS

StellarMLS #U8119338

Sold
$380,000

Schools & Community

Neighborhood: 

Lake Maggiore

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

$153,148
Asking price
$549,555
Closing costs (~8% of asking)
-$43,964
Est. remaining loan balance
-$352,443
Cash to seller
$153,148

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

May 2021

Original loan amount

$380,000

Est. remaining balance

$352,443

Interest rate

3.13%

Loan type

VA, 30 year

Seller

Franklin Hammond and Devan Hammond

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 3:20 PM

Listing updated: 07/19/2024 at 10:06 AM

Listed by: Colin Kennedy, BARKETT REALTY Phone #: (727) 388-9500

MLS: StellarMLS #U8247900

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