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$2,200,000

Beds
4
Baths
3.5
sq ft
3,062

503 55th Ave, St Pete Beach, FL 33706

503 55th Ave

ST PETE BEACH, FL 33706

  • 35 days on market
This home presents a unique opportunity for visionary buyers or investors. Located in the desirable Brightwater neighborhood of St. Pete Beach, it has an immense potential for redevelopment or extensive renovation. The existing structure, which experienced significant water damage during Hurricane Helene, offers a blank canvas for those looking to build their dream home from the ground up. Property Features Prime Location: Situated in a sought-after neighborhood Redevelopment Potential: Ideal for new construction or major renovation Lot Value: Excellent opportunity to maximize land value Prospective buyers should be aware that the current structure sustained substantial flooding during Hurricane Helene, with water levels reaching approximately 3 feet. As a result, this property may be best suited for those interested in new construction or extensive rehabilitation projects. Interested parties are encouraged to conduct thorough due diligence, including flood zone assessment and consultation with local building authorities regarding reconstruction options. This listing represents a chance to acquire property in a desirable location with the potential to create a custom home tailored to your specifications.

Details

Property type

Single Family Residence

Est. home value

$2,233,537

Lot size

9,901 sq ft

Price per sq ft

$719

Year built

2007

Annual property taxes

$11,060.98

HOA

No

Price History

10/04/2024
StellarMLS

StellarMLS #TB8310163

Listed
$2,200,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

Bank Of America Na

Loan start date

May 2023

Original loan amount

$150,000

Est. remaining balance

Not provided

Interest rate

6.42%

Loan type

Credit Line (Revolving), 30 year

Seller

James R Parent and Leslie R Parent

Lender

Bank Of America Na

Loan start date

September 2021

Original loan amount

$440,000

Est. remaining balance

Not provided

Interest rate

2%

Loan type

New Conventional, 30 year

Seller

James R Parent and Leslie R Parent

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: 11/08/2024 at 7:45 AM

Listing updated: 10/05/2024 at 5:50 PM

Listed by: Alex Mixon, DALTON WADE INC Phone #: (888) 668-8283

MLS: StellarMLS #TB8310163

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