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$1,205,897Estimated home value

Beds
Unknown
sq ft
Unknown

5421 Essex Ave S, Gulfport, FL 33707

5421 Essex Ave S

GULFPORT, FL 33707

  • Sold On 9/19/2019
Fantastic opportunity to complete this dream home in the heart of the highly desired art district of Gulfport! Vacant Lot with foundation and first floor block completed, it’s ready for someone to finish it to their specifications. Just one block from Boca Ciega Bay, the current plans are for Key West Style three-story structure with 2400 sq ft of living space thereby maintaining a consistency with the other homes on the street. It is one of the few places in town that is allowed to be used as an AirBnB vacation rental income property; NO minimum rental period! Just behind O’Maddys Restaurant and Williams Pier, this home when finished will provide for spectacular views of the Boca Ciega Bay. Walking distance to everything, you will enjoy downtown Gulfport with its eclectic shops, art galleries and world-class restaurants. Or you can opt for a leisurely ride on the free Gulfport trolley. Launch your canoe or kayak at Clam Bayou and nature watch at this habitat for fiddler crabs, clams, wading birds, dolphins, and manatees. Gulfport is known as the “Gateway to the Gulf” hence a boater’s dream! Keep your boat at the Gulfport Marina or join the Boca Ciega Yacht club. Such a great convenient location: just a hop, skip and jump over to St Pete Beach or to downtown St Petersburg. Hurry! Won't last.

Details

Property type

Est. home value

$1,205,897

Lot size

3,829 sq ft

Price per sq ft

Unknown

Year built

Unknown

Annual property taxes

$1,662

Price History

11/01/2024
StellarMLS

StellarMLS #U8253556

Removed
$1,600,000
08/14/2024
StellarMLS

StellarMLS #U8253556

Listed
$1,600,000
+841.18%
09/19/2019
StellarMLS

StellarMLS #U8051032

Sold
$170,000
+183.33%

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

-$294,499
Asking price
$199,000
Closing costs (~8% of asking)
-$15,920
Est. remaining loan balance
-$477,579
Cash to seller
-$294,499

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

Seller’s Loan History

Lender

Franklin Loan Center

Loan start date

January 2022

Original loan amount

$507,000

Est. remaining balance

$477,579

Interest rate

3.1%

Loan type

New Conventional, 30 year

Seller

Jean Marie Wood Thrower

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: Off Market

Tomo last checked: 11/05/2024 at 11:15 AM

Listing updated: 09/18/2023 at 10:39 PM

Listed by: Amy Heckler, HECKLER REALTY GROUP LLC Phone #: (727) 954-5199

MLS: StellarMLS #U8051032

StellarMLS logo

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