tomo logo

$449,900

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

  • 48 days on market
    • Price drop $20,000↓
Good news! CITY OF ST PETE BEACH DEEMS THIS HOME TO HAVE NON-substantial damage from recent storms. Build back in time for spring break! DREAM "BEACH" OPPORTUNITY KNOCKS! Seize the chance to renovate this CHARMING BEACH HOUSE WITH SEPARATE MOTHER-IN-LAW COTTAGE. A flood occurred during Hurricane Helene. 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 has 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 the insurance agent. Excellent opportunity!!!

Details

Property type

Single Family Residence

Est. home value

$573,893

Property condition

Fixer

Lot size

5,602 sq ft

Price per sq ft

$312

Year built

1950

Annual property taxes

$3,218.69

HOA

No

Price History

01/13/2025
StellarMLS

StellarMLS #TB8327070

Price change
$449,900
-4.26%
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

$281,076
Asking price
$449,900
Closing costs (~8% of asking)
-$35,992
Est. remaining loan balance
-$132,832
Cash to seller
$281,076

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

$132,832

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?

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Status: Active

Tomo last checked: 01/22/2025 at 4:55 PM

Listing updated: 01/13/2025 at 6:24 PM

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

MLS: StellarMLS #TB8327070

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Recently listed in ST PETE BEACH