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$575,000

Beds
4
Baths
2.0
sq ft
2,024

5811 Venetian Blvd NE, Saint Petersburg, FL 33703

5811 Venetian Blvd NE

ST PETERSBURG, FL 33703

  • 27 days on market
Attention investors! This is your opportunity to transform a spacious 4-bedroom, 2-bath, 2 car garage home in the highly sought-after Shore Acres neighborhood. Though the property was impacted by Hurricane Helene, it presents an exceptional chance to restore the current home, or with almost 20,000 square feet of land, you could build one or possibly two new homes—endless potential! This oversized lot features a large paver driveway, providing ample parking and an impressive entry. The home boasts an open floor plan, perfect for modern updates, and benefits from newer windows and a roof, already saving you on major repairs. Whether you’re looking to flip or build new, this property offers excellent value with room to grow. Property is being sold "As-Is" with right to inspect. Buyers responsibility to verify all room sizes, all property information. Cash offers will only be considered.

Details

Property type

Single Family Residence

Est. home value

$701,853

Lot size

0.46 acres

Price per sq ft

$285

Year built

1968

Annual property taxes

$6,789.2

HOA

No

Price History

11/25/2024
StellarMLS

StellarMLS #TB8324716

Listed
$575,000
+27.78%
11/14/2024
StellarMLS

StellarMLS #TB8321371

Sold
$450,000
-6.23%
10/07/2024
StellarMLS

StellarMLS #TB8310094

Removed
$479,900

Schools & Community

Neighborhood: 

Mangrove Bayou

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

$116,318
Asking price
$575,000
Closing costs (~8% of asking)
-$46,000
Est. remaining loan balance
-$412,682
Cash to seller
$116,318

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

March 2021

Original loan amount

$450,660

Est. remaining balance

$412,682

Interest rate

2.79%

Loan type

VA, 30 year

Seller

Korey Daniel Sims and Whitney Ann Wilkerson

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 3:50 AM

Listing updated: 11/26/2024 at 6:55 AM

Listed by: Joseph Messina, VANDERLEELIE & ASSOC.RE ESTATE Phone #: (813) 245-2068

MLS: StellarMLS #TB8324716

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