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$450,000

Beds
3
Baths
2.0
sq ft
1,506

6510 Bayou Grande Blvd NE, Saint Petersburg, FL 33702

6510 Bayou Grande Blvd NE

ST PETERSBURG, FL 33702

  • 4 days on market
Incredible Investment Opportunity in Tanglewood – Perfect for Builders or Renovators! Located on desirable Bayou Grande Blvd, this oversized lot in the coveted Tanglewood neighborhood offers boundless potential for builders and investors alike. Whether you're looking to restore a charming 3-bedroom, 2-bathroom home or develop a new construction project, this property provides an exceptional foundation. Boasting over 1,500 square feet of living space, it offers the perfect blank canvas to create a dream home in one of St. Petersburg's most sought-after neighborhoods. While the home did sustain flood damage during Hurricane Helene—its only flooding event for the sellers—it has been professionally remediated, cleared, and is now ready for your dream home in the prime location. With a little vision, this home can be brought back to life or reimagined as a brand-new masterpiece. Tanglewood is known for its suburban charm and prime location, offering easy access to local parks, schools, and just a short drive to downtown St. Petersburg, where you'll find a vibrant dining, shopping, and cultural scene. The spacious backyard is an entertainer's dream, with ample room for a large pool, spa, outdoor kitchen, or patio—perfect for embracing Florida's outdoor lifestyle. This property is offered AS-IS to cash buyers only and is priced significantly below market value, providing a unique opportunity to secure equity and capitalize on its full potential. Whether you're looking to restore the home to its original beauty or explore new construction possibilities on the expansive lot, the opportunities are endless. The property also has a whole home water filter/softener system! Don’t miss out on this rare chance to invest in a thriving neighborhood with tremendous upside!

Details

Property type

Single Family Residence

Est. home value

$646,163

Lot size

8,843 sq ft

Price per sq ft

$299

Year built

1969

Annual property taxes

$7,590.18

HOA

No

Price History

01/28/2025
StellarMLS

StellarMLS #TB8338152

Listed
$450,000
+15.41%
02/10/2020
StellarMLS

StellarMLS #U8069889

Sold
$389,900
+65.91%
05/23/2012
StellarMLS

StellarMLS #U7545216

Sold
$235,000
+11.9%

Schools & Community

Neighborhood: 

Tanglewood

Elementary school: 

Shore Acres Elementary-PN

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

$62,140
Asking price
$450,000
Closing costs (~8% of asking)
-$36,000
Est. remaining loan balance
-$351,860
Cash to seller
$62,140

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

Seller’s Loan History

Lender

Regions Bank

Loan start date

February 2020

Original loan amount

$389,900

Est. remaining balance

$351,860

Interest rate

3.74%

Loan type

New Conventional, 30 year

Seller

Ahmet Basaran and Jessidca Lauren Reilly

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: 01/31/2025 at 9:45 PM

Listing updated: 01/29/2025 at 6:55 AM

Listed by: Michelle Menke Fife, KELLER WILLIAMS ST PETE REALTY Phone #: (727) 894-1600

MLS: StellarMLS #TB8338152

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