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$550,000

Beds
2
Baths
2.0
sq ft
1,300

5700 Escondida Blvd S Unit 406, Saint Petersburg, FL 33715

5700 Escondida Blvd S Unit 406

SAINT PETERSBURG, FL 33715

  • 130 days on market
    • Price drop $10,000↓
Look no further this condo building has completed both the Reserve Study and Structural Integrity Study that are due 12/31/24. Reports are available upon request. The building is finishing up the envelope repair of the building including concrete work, balcony repair work and painting of the entire building. Permits have been issued for the pergola replacement at the pool area. This has been already funded by the current owners and just awaiting to begin the work The building was built to be the crown jewel of Isla del Sol. Originally built to house the executives of GE who developed the island of Isla del Sol. All unit owners have under building parking space to keep your cars out of the Florida sun. Extra storge on each floor for unit owners. The building has 2 elevators to serve the thirty-unit owners. This 2 bed 2 bath unit is being sold with the primary bedroom furniture and a sleeper couch in the living room matching chair is currently in primary bedroom. This unit has been beautifully updated with vinyl plank flooring throughout. The kitchen has gorgeous countertops and cabinets. The washer and drying in laundry room off the kitchen will convey with the unit. This unit has a fantastic view of the 4th tee of Isla del Sol golf course. The 40 ft balcony has hurricane shutters for added safety. Condo exterior and balcony updated 2024. Building painted 2024. Recent updates include remodeled kitchen, frameless glass shower door in primary bathroom, flooring, hot water heater, doors, baseboards & molding, ceiling fan with light fixture and professionally painted throughout. Appliances: washer replaced 2021, refrigerator replaced Spring 2024, microwave replaced Spring 2024, Dishwasher replaced 2022. All high quality and Stainless Steel.

Details

Property type

Condominium

Est. home value

$544,675

Lot size

Unknown

Price per sq ft

$424

Year built

1981

Annual property taxes

$4,145.98

Monthly HOA fee

$653

Price History

08/02/2024
StellarMLS

StellarMLS #U8248761

Price change
$550,000
-1.79%
07/01/2024
StellarMLS

StellarMLS #U8248761

Listed
$560,000
+115.38%
05/31/2016
StellarMLS

StellarMLS #U7772481

Sold
$260,000
+36.84%

Schools & Community

Neighborhood: 

Isla Del Sol

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Fitness Center, Pool

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

$336,641
Asking price
$550,000
Closing costs (~8% of asking)
-$44,000
Est. remaining loan balance
-$169,359
Cash to seller
$336,641

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

Seller’s Loan History

Lender

Caliber Home Loans Inc

Loan start date

February 2021

Original loan amount

$190,000

Est. remaining balance

$169,359

Interest rate

2.65%

Loan type

New Conventional, 25 year

Seller

Dominic J Magnolo and Theresa Magnolo

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 10:05 AM

Listing updated: 09/15/2024 at 1:08 PM

Listed by: Renee Simpson, C SIMPSON REALTY INC Phone #: (727) 306-8058

MLS: StellarMLS #U8248761

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