tomo logo

$995,000

Beds
2
Baths
2.0
sq ft
1,452

5535 Bayou Grande Blvd NE, Saint Petersburg, FL 33703

5535 Bayou Grande Blvd NE

SAINT PETERSBURG, FL 33703

  • 60 days on market
    • Price drop $155,000↓
This home withstood both Hurricane Helene and Hurricane Milton with very minimal damage to the storage room on first floor. The main living floor of the home was undamaged in either storm….one more benefit of being built up above most of their neighbors in Shore Acres. What an amazing opportunity to make that dream of waterfront living a reality! This prime Shore Acres location provides a perfect launch for boating enthusiasts with 85 feet of waterfront footage on a wide canal that gives you direct access to Tampa Bay. The uniqueness of this property is what makes it so special. The home is wisely built 12 feet above base flood elevation, giving you endless views and eliminating the worry of flooding. You’ll love waking up to sunrises to the East and sunsets that will drench your home with that magic hour glow. Two bedrooms and two full baths give you everything you may be looking for in a lower maintenance property with all the amenities that come with large waterfront living. The sunny and inviting pool is the ideal backdrop for friends and family to gather on one of Shore Acres best lots. The situation on the canal provides added distance from your neighbors and an increased level of privacy. Open living spaces indoors make the efficient square footage feel even larger than it is. You’ll be charmed by the warmth of the home and the ease of lifestyle that comes with it. Warm knotty hardwood floors throughout, and stunning paneled ceilings contribute to the ambiance within. The newer renovated kitchen features solid wood cabinetry, upgraded stainless appliances, a gorgeous tile backsplash and stunning granite counters. The first level of the home includes a recently remodeled office or utility room with great storage space. Solar panels on the newer roof make monthly bills a breeze. Pull up to your home, put your toes in the water, and get ready to fall in love.

Details

Property type

Single Family Residence

Est. home value

$1,049,824

Lot size

9,618 sq ft

Price per sq ft

$686

Year built

1985

Annual property taxes

$14,916

HOA

No

Price History

10/28/2024
StellarMLS

StellarMLS #TB8301954

Price change
$995,000
-13.48%
09/20/2024
StellarMLS

StellarMLS #TB8301954

Price change
$1,150,000
-4.17%
09/09/2024
StellarMLS

StellarMLS #TB8301954

Listed
$1,200,000
+20.6%

Schools & Community

Neighborhood: 

Mangrove Bayou

Elementary school: 

Shore Acres Elementary-PN

Middle school: 

Meadowlawn Middle-PN

High school: 

Northeast High-PN

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

$134,813
Asking price
$995,000
Closing costs (~8% of asking)
-$79,600
Est. remaining loan balance
-$780,587
Cash to seller
$134,813

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

Seller’s Loan History

Lender

Valley National Bank

Loan start date

December 2022

Original loan amount

$796,000

Est. remaining balance

$780,587

Interest rate

6.95%

Loan type

New Conventional, 30 year

Seller

Wesley Sima

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 8:25 AM

Listing updated: 10/28/2024 at 3:09 PM

Listed by: Mary Beth Byrd, SMITH & ASSOCIATES REAL ESTATE Phone #: (813) 839-3800

MLS: StellarMLS #TB8301954

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