tomo logo

$469,900

Beds
4
Baths
2.5
sq ft
1,444

512 79th Ave, St Pete Beach, FL 33706

512 79th Ave

ST PETE BEACH, FL 33706

  • 18 days on market
DREAM "BEACH" OPPORTUNITY KNOCKS! Seize the chance to renovate this CHARMING BEACH HOUSE WITH SEPARATE MOTHER-IN-LAW COTTAGE or build new. Recent hurricanes damaged this property and it is being sold As Is. Remediation is completed, and a blank canvas is presented for buyers to design their ideal beachside retreat. Investment Opportunity: Priced to reflect its current condition, this property is perfect for those looking to create a vacation getaway, rental property, or personal escape, all just minutes from the beach and Gulf of Mexico. This prime location supports your creative ideas and promises property appreciation, making it a wise investment for the future. Whether you're looking to create a second home, a rental property, or a private residence, this site is brimming with possibilities. The main house consists of 3 bedrooms, one full and one half bathroom. The cottage has a separate entrance with a kitchenette and a full bathroom. The patio area emits energy and beach charm. *Attached photos show before and after storms. Steps to beach, restaurants, and “come as you are with sand on your flipflops” establishments. The chance to own a slice of paradise on St Pete Beach is here—don’t let it slip away! Your dream coastal lifestyle and lucrative investment await you. *Existing flood policy is assumable, as per insurance agent. Good news! City FEMA letter categorized storm damage as NON Substantial, document attached. New appraisal attached, value $503,685.

Details

Property type

Single Family Residence

Est. home value

$573,893

Property condition

Fixer

Lot size

5,602 sq ft

Price per sq ft

$326

Year built

1950

Annual property taxes

$3,218.69

HOA

No

Price History

12/05/2024
StellarMLS

StellarMLS #TB8327070

Listed
$469,900

Schools & Community

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

$298,908
Asking price
$469,900
Closing costs (~8% of asking)
-$37,592
Est. remaining loan balance
-$133,400
Cash to seller
$298,908

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

Seller’s Loan History

Lender

Freedom Mortgage Corp

Loan start date

September 2019

Original loan amount

$165,500

Est. remaining balance

$133,400

Interest rate

3.6%

Loan type

New Conventional, 20 year

Seller

Robert L Schuessler and Eileen Mcenery Schuessler

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?

Similar Homes Nearby

StellarMLS
$515,000
4 bd
|
2 ba
|
1,698 sq ft
|
House

600 77th Ave, St Pete Beach, FL 33706

StellarMLS
$460,000
3 bd
|
2.5 ba
|
1,501 sq ft
|
House

8651 Gulf Blvd, St Pete Beach, FL 33706

StellarMLS
$399,900
2 bd
|
1 ba
|
1,131 sq ft
|
House

422 86th Ave, St Pete Beach, FL 33706

Status: Active

Tomo last checked: 12/23/2024 at 1:45 AM

Listing updated: 12/17/2024 at 5:27 PM

Listed by: Carol Giovannoni, RE/MAX PREFERRED Phone #: (727) 367-3636

MLS: StellarMLS #TB8327070

StellarMLS logo

Recently listed in ST PETE BEACH

$1,795,000|3 bd|2.5 ba|House
$715,000|3 bd|2.0 ba|House
$375,000|3 bd|3.0 ba|House
$415,000|3 bd|2.0 ba|House
$369,000|3 bd|2.0 ba|House
$999,990|3 bd|3.0 ba|House
$515,000|3 bd|2.0 ba|House