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$350,000

Beds
2
Baths
1.0
sq ft
894

5870 27th Ave S, Gulfport, FL 33707

5870 27th Ave S

GULFPORT, FL 33707

  • 12 days on market
Location is the best in Gulfport for many reasons. The lot is just outside the back gate to Pasadena Yacht & Country Club. You back up directly to Ted Phillips Wood Ibis Park with it's tranquil pond and water fountains. Your lush back yard oversees the park and the wildlife will keep you entertained . Just a short walk to the heart of downtown Gulfport with all the restaurants, quaint shops, Tuesday morning fresh market . The lot is 56ft wide and 124ft deep the perfect location and lot to build your own dream home. Due to hurricane Helene, the property is being sold "AS IS" Due to the FEMA 50% rule, the renovating of the existing home is not possible. The seller makes no warranties that the home can be rehabbed and is selling the property for lot value. No potted plants, outdoor art, furniture or items in garage convey.

Details

Property type

Single Family Residence

Est. home value

$421,533

Lot size

7,113 sq ft

Price per sq ft

$392

Year built

1947

Annual property taxes

$2,906.04

HOA

No

Price History

01/10/2025
StellarMLS

StellarMLS #TB8336951

Listed
$350,000

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

$181,946
Asking price
$350,000
Closing costs (~8% of asking)
-$28,000
Est. remaining loan balance
-$140,054
Cash to seller
$181,946

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

Seller’s Loan History

Lender

Third Fsla Of Cleveland

Loan start date

October 2019

Original loan amount

$200,000

Est. remaining balance

$140,054

Interest rate

3.03%

Loan type

New Conventional, 15 year

Seller

Michael S Castleman and Rachel A Castleman

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: 01/22/2025 at 11:50 AM

Listing updated: 01/11/2025 at 6:55 AM

Listed by: Jane Freel, RE/MAX METRO Phone #: (727) 896-1800

MLS: StellarMLS #TB8336951

StellarMLS logo

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