tomo logo

$675,000

Beds
5
Baths
4.5
sq ft
5,561

4628 Cypress Way S, Saint Petersburg, FL 33705

4628 Cypress Way S

SAINT PETERSBURG, FL 33705

  • 57 days on market
    • Price drop $20,000↓
Welcome to an exceptional investment opportunity in St. Petersburg! Nestled in the charming Bonita Bayou neighborhood, this property presents numerous options for the savvy investor. Designed by renowned Pinellas architect and developer Glen Q. Johnson, known for his distinctive "birdcage" houses in Pinellas Point and contributions to schools, shopping centers, and the Judicial Building near Mirror Lake, this expansive 4 bedroom, 3.5 bathroom home spans over 4,700 square feet and sits on a double lot, offering almost half an acre of potential. Whether you're looking to rehab and restore this home to its original art deco era glory, tear down and build two homes, or craft your own dream estate, the possibilities are endless. The home also features a spacious in-law suite with one bedroom, one bathroom, and 816 sq ft, over the 3-car garage, providing flexibility and additional living space. With great bones awaiting your vision, this property is ripe for transformation into a dream home. Spanish tiles adorn the main living area, adding character and charm to the space, while high ceilings and wooden beams throughout give it a rustic feel. Outside, you'll find the perfect entertaining area with a spacious backyard hosting a large in-ground pool and spa, perfect for relaxation and entertaining amidst the Florida sunshine. Bonita Bayou offers residents a suburban feel with nearby bars and parks. As a boating community, residents have access to a marina and boat launch, providing easy access to the water. Quick drives to Gulf beaches, Downtown St. Pete with its local restaurants and bars, Tropicana Field, and the iconic Pier ensure endless opportunities for entertainment and leisure. Don't miss your chance to seize this incredible investment opportunity in one of St. Petersburg's most sought-after neighborhoods. Schedule your showing today and unlock the potential of this remarkable property!

Details

Property type

Single Family Residence

Est. home value

$1,420,492

Lot size

0.44 acres

Price per sq ft

$122

Year built

1953

Annual property taxes

$12,934

Price History

07/09/2024
StellarMLS

StellarMLS #U8244414

Listed
$675,000
07/02/2024
StellarMLS

StellarMLS #U8244414

Removed
$675,000
07/01/2024
StellarMLS

StellarMLS #U8244414

Listed
$675,000

Schools & Community

Neighborhood: 

Bonita Bayou

Elementary school: 

Lakewood Elementary-PN

Middle school: 

Bay Point Middle-PN

High school: 

Lakewood High-PN

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Shorecrest Investment Fund Llc

Loan start date

May 2021

Original loan amount

$405,500

Est. remaining balance

Not provided

Interest rate

3.18%

Loan type

Purchase Money Mortgage, 2 year

Seller

Sunsation Energy Solutions Inc

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: 07/25/2024 at 8:35 PM

Listing updated: 07/16/2024 at 8:30 PM

Listed by: Jeffrey Borham, PA, EXP REALTY LLC Phone #: (866) 308-7109

MLS: StellarMLS #U8244414

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