tomo logo

$225,000

Beds
1
Baths
2.0
sq ft
1,143

700 W Perry St, Englewood, FL 34223

700 W Perry St

ENGLEWOOD, FL 34223

  • 5 days on market
EXTERIOR PHOTOS ARE CURRENT - INTERIOR PHOTOS ARE FROM BEFORE STORMS/FLOODING **** An Incredible Investor’s Dream! This charming cottage, once a vibrant beach retreat, is now an exciting opportunity for restoration and revitalization. Located in a highly sought-after neighborhood just steps from Lemon Bay, this property offers tremendous potential. The bright, tropical exterior and classic charm create a solid foundation for a stunning home once brought back to life. Having sustained flood damage from recent hurricanes, this property presents a unique chance to renovate and renew. The thoughtfully designed floor plan maximizes space, featuring soaring vaulted ceilings and beautiful wood beams that enhance the openness and character of the home. The loft area provides additional flexibility, offering multiple options for use. Other features include a screened lanai, cozy fireplace and hurricane impact windows. Just two blocks from Historic Dearborn Street, shopping and dining and 3.9 miles to Englewood Beach. Launch your kayak in the Bay at the end of the street, or the canal across the street, or put your boat in the water less than a mile to the boat ramp to enjoy the water and some of Florida’s best fishing. It’s the perfect spot for a long-term rental or a dream vacation home once restored. With hurricane impact windows, a screened lanai, cozy fireplace, and the potential to acquire the county-owned land to the east, this property is primed for restoration and is an amazing investment opportunity. This is your chance to bring new life to this piece of paradise—seize the opportunity to make it your own and realize its full potential! Per owner: The HVAC is brand new, but got flooded. It's a very expensive infrared system with all new duct wood. Not sure if it works... likely need some service. And Rubber roof was replaced after Hurricane Ian. Shingled roof, not sure. Note: The home has not been remediated and there is mold present. Also see mls #C7502558 for vacant lot listing.

Details

Property type

Single Family Residence

Est. home value

$391,595

Property condition

Fixer

Lot size

0.24 acres

Price per sq ft

$197

Year built

1946

Annual property taxes

$3,362

HOA

No

Price History

12/29/2024
StellarMLS

StellarMLS #C7502538

Listed
$225,000
-31.82%
06/07/2021
StellarMLS

StellarMLS #D6117994

Sold
$330,000

Schools & Community

Elementary school: 

Englewood Elementary

Middle school: 

L.A. Ainger Middle

High school: 

Lemon Bay High

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

$13,011
Asking price
$225,000
Closing costs (~8% of asking)
-$18,000
Est. remaining loan balance
-$193,989
Cash to seller
$13,011

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

June 2021

Original loan amount

$210,000

Est. remaining balance

$193,989

Interest rate

2.97%

Loan type

New Conventional, 30 year

Seller

Kent D Belden and Bonnie A Kelsey

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: 01/03/2025 at 1:30 AM

Listing updated: 01/02/2025 at 10:54 AM

Listed by: Lora Keller, RE/MAX PALM REALTY Phone #: (941) 743-5525

MLS: StellarMLS #C7502538

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Recently listed in ENGLEWOOD