tomo logo

$525,000

Beds
1
Baths
1.0
sq ft
1,437

2908 W Spruce St, Tampa, FL 33607

2908 W Spruce St

TAMPA, FL 33607

  • <1 day on market
The property was a multifamily. Due to a fire, there is no longer a certificate of occupancy and current zoning only allows for a single family dwelling. City has approved the plot to revert back to original use of 3 separate lots. This allows new owner to build out 3 separate homes. Or gut the existing structure to make a large single family home. Demo permit is open and active. Buyer to verify all information with city of Tampa zoning, building and code departments.

Details

Property type

Single Family Residence

Est. home value

$447,924

Property condition

Fixer

Lot size

9,975 sq ft

Price per sq ft

$366

Year built

1942

Annual property taxes

$3,979

HOA

No

Price History

10/05/2024
StellarMLS

StellarMLS #TB8310123

Listed
$525,000
+36.36%
02/09/2021
StellarMLS

StellarMLS #T3280914

Sold
$385,000
+162.8%
01/21/2016
StellarMLS

StellarMLS #A4107405

Sold
$146,500

Schools & Community

Neighborhood: 

Northeast Macfarlane

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

$217,909
Asking price
$525,000
Closing costs (~8% of asking)
-$42,000
Est. remaining loan balance
-$265,091
Cash to seller
$217,909

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

Seller’s Loan History

Lender

American Momentum Bank

Loan start date

February 2021

Original loan amount

$288,750

Est. remaining balance

$265,091

Interest rate

2.66%

Loan type

New Conventional, 30 year

Seller

Jatinder Channa

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?

Status: Active

Tomo last checked: 10/05/2024 at 4:05 PM

Listing updated: 10/05/2024 at 1:17 PM

Listed by: Jonathan Minerick, HOMECOIN.COM Phone #: (888) 400-2513

MLS: StellarMLS #TB8310123

StellarMLS logo

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