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$260,000

Beds
3
Baths
2.0
sq ft
1,195

3918 Arkansas Ave NE, Saint Petersburg, FL 33703

3918 Arkansas Ave NE

ST PETERSBURG, FL 33703

  • <1 day on market
Attention investors! This cash-only property is your opportunity to transform or build anew in one of St. Pete's most desirable neighborhoods. This 3-bedroom, 2-bathroom home with a 2-car garage sits on a peaceful .16-acre lot in Shore Acres. While the home experienced flooding during recent hurricanes, it’s priced accordingly and offers endless potential for the savvy buyer. Renovate the existing structure or tear it down and design a custom home – the choice is yours. The lot provides ample space to create a luxurious backyard sanctuary or expand for modern living. Shore Acres is seeing a surge of new construction and development, making this an ideal opportunity to invest in a rapidly growing area. The property is conveniently located near trendy restaurants, Whole Foods, shopping, downtown St. Pete, public water access, a boat ramp, and the recently renovated Shore Acres Recreation Center. This property is sold As-Is and listed below market value, offering an excellent chance for you to capitalize! Don’t miss this opportunity to build equity and create your vision of Florida paradise!

Details

Property type

Single Family Residence

Est. home value

$511,088

Property condition

Fixer

Lot size

7,139 sq ft

Price per sq ft

$218

Year built

1973

Annual property taxes

$2,318

HOA

No

Price History

11/19/2024
StellarMLS

StellarMLS #TB8322342

Listed
$260,000
-49.9%
09/30/2024
StellarMLS

StellarMLS #T3506898

Removed
$519,000
09/04/2024
StellarMLS

StellarMLS #T3506898

Price change
$519,000
-5.64%

Schools & Community

Neighborhood: 

Shore Acres

Elementary school: 

Shore Acres Elementary-PN

Middle school: 

Meadowlawn Middle-PN

High school: 

Northeast 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

-$131,942
Asking price
$260,000
Closing costs (~8% of asking)
-$20,800
Est. remaining loan balance
-$371,142
Cash to seller
-$131,942

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

Seller’s Loan History

Lender

Gershman Investment Corp

Loan start date

January 2023

Original loan amount

$378,750

Est. remaining balance

$371,142

Interest rate

6.49%

Loan type

New Conventional, 30 year

Seller

Jeanette R Bottler

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: 11/19/2024 at 3:30 PM

Listing updated: 11/19/2024 at 12:53 PM

Listed by: Tatum Peterson, MCBRIDE KELLY & ASSOCIATES Phone #: (813) 254-0900

MLS: StellarMLS #TB8322342

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