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$315,000

Beds
3
Baths
2.5
sq ft
1,466

501 61st Ave NE, Saint Petersburg, FL 33703

501 61st Ave NE

ST PETERSBURG, FL 33703

  • 8 days on market
Limitless potential in popular Edgemoor Estates! This property, located on a highly desirable nearly 1/4 ACRE corner lot, offers endless opportunities for investors and builders alike. While the home sustained flood damage from Hurricane Helene, it has been cleared and prepped, providing a blank canvas for your next project. The corner lot is a rare find, offering maximum exposure and space for any development plans you have. You can restore and renovate the existing structure, build a brand-new custom home, or possibly consider subdividing into multiple parcels (Buyer to verify). With so many options, this property is perfect for those looking to capitalize on a prime location in one of NE St. Petersburg’s most sought-after neighborhoods. You’re just minutes from the newly built YMCA, downtown, waterfront parks, shopping, and dining—an ideal spot for development. The possibilities are simply endless- whether you want a renovation project, a new build, or a lucrative investment opportunity- this prime property could be your spot! This is your chance to secure a property with immense potential in a rapidly appreciating area. Check it out today and start bringing your vision to reality!

Details

Property type

Single Family Residence

Est. home value

$487,871

Lot size

0.23 acres

Price per sq ft

$215

Year built

1950

Annual property taxes

$6,999.92

HOA

No

Price History

03/19/2025
StellarMLS

StellarMLS #TB8363824

Listed
$315,000
-3.08%
08/31/2020
StellarMLS

StellarMLS #T3256355

Sold
$325,000
+32.65%
09/13/2019
StellarMLS

StellarMLS #U8048518

Sold
$245,000

Schools & Community

Neighborhood: 

Edgemoor

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

$11,732
Asking price
$315,000
Closing costs (~8% of asking)
-$25,200
Est. remaining loan balance
-$278,068
Cash to seller
$11,732

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

Seller’s Loan History

Lender

Waterstone Mortgage Corp

Loan start date

August 2020

Original loan amount

$308,750

Est. remaining balance

$278,068

Interest rate

2.98%

Loan type

New Conventional, 30 year

Seller

Michele L Cooper

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: 03/28/2025 at 6:45 AM

Listing updated: 03/20/2025 at 6:58 AM

Listed by: Summer Baker PA, RE/MAX CHAMPIONS Phone #: (813) 945-4882

MLS: StellarMLS #TB8363824

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