tomo logo

$515,000

Beds
4
Baths
2.5
sq ft
2,774

5508 N Branch Ave, Tampa, FL 33604

5508 N Branch Ave

TAMPA, FL 33604

  • 48 days on market
Short Sale. Investment Opportunity to call home and transform into a luxurious retreat or develop, design and sell for potential profit! This property is featured on an a large lot providing space and a place to entertain. Roughly 2,800 SF Heated or more depending on layout and design preference could allow for a larger space. This home offers a blank canvas of opportunity for anyone looking to create and bring their vision to life. Property Highlights: New Roof, Demo work mostly completed, lot rough dimensions 109 x 131 (Buyer / Buyer's Representation to Verify lot Dimensions). The property is on ELECTRONIC LOCKBOX, Buyer's Realtor or Listing Agent must accompany if buyer does not have representation.

Details

Property type

Single Family Residence

Est. home value

$378,912

Property condition

Fixer

Lot size

0.33 acres

Price per sq ft

$186

Year built

1918

Annual property taxes

$8,813.01

HOA

No

Price History

12/12/2024
StellarMLS

StellarMLS #TB8316925

Listed
$515,000
11/19/2024
StellarMLS

StellarMLS #TB8316925

Pending
$515,000
11/04/2024
StellarMLS

StellarMLS #TB8316925

Listed
$515,000
-0.96%

Schools & Community

Neighborhood: 

Seminole Heights

Elementary school: 

Seminole-HB

Middle school: 

Memorial-HB

High school: 

Hillsborough-HB

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

$189,921
Asking price
$515,000
Closing costs (~8% of asking)
-$41,200
Est. remaining loan balance
-$283,879
Cash to seller
$189,921

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

Seller’s Loan History

Lender

Neal Communities Funding Llc

Loan start date

March 2023

Original loan amount

$289,800

Est. remaining balance

$283,879

Interest rate

6.12%

Loan type

VA, 30 year

Seller

Todd Stephen Hyman and Sonia Annette Hyman

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: 12/22/2024 at 5:05 PM

Listing updated: 12/12/2024 at 5:36 PM

Listed by: Michael Brown, COMPASS FLORIDA, LLC Phone #: (813) 355-0744

MLS: StellarMLS #TB8316925

StellarMLS logo

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