tomo logo

$500,000

Beds
3
Baths
2.0
sq ft
1,664

747 Pruitt Dr, Madeira Beach, FL 33708

747 Pruitt Dr

MADEIRA BEACH, FL 33708

  • 32 days on market
    • Price drop $75,000↓
Situated in the highly desirable Bay Point Estates, this 3-bedroom, 2-bath home offers breathtaking intercoastal water views and an unbeatable location just moments from the beach, renowned restaurants, boutique shopping, and the famous John’s Pass Village. The home features impact windows and sliding glass doors and offers endless potential for restoration. Recently affected by Hurricane Helene, the property has undergone professional flood remediation by a licensed contractor, providing the next owner with a clean slate to create their ideal coastal retreat. The Bay Point Estates neighborhood enhances the lifestyle with fantastic amenities, including a park with a shuffleboard court, an expansive fishing pier, and a private dock launch—ideal for accessing the water with jet skis, kayaks, paddleboards, or small watercraft. With a voluntary annual fee of only $185, this waterfront community is truly a hidden gem. Whether you’re searching for a permanent residence, a vacation getaway, or a promising investment opportunity, this home’s prime location and serene water views make it a rare find. This property is being sold AS-IS. FEMA has determined that the property is NOT SUBSTANTIALLY DAMAGED, and improvements of up to $122,471 are allowable under the "50 Percent Rule.". For additional information, including supporting documentation, please see the MLS attachments. Don’t miss the opportunity to restore this property and create your dream coastal oasis. Schedule your showing today!

Details

Property type

Single Family Residence

Est. home value

$739,221

Lot size

5,680 sq ft

Price per sq ft

$301

Year built

1956

Annual property taxes

$6,164.02

HOA

No

Price History

12/12/2024
StellarMLS

StellarMLS #TB8322211

Price change
$500,000
-13.04%
12/10/2024
StellarMLS

StellarMLS #TB8322211

Price change
$575,000
-3.36%
11/20/2024
StellarMLS

StellarMLS #TB8322211

Listed
$595,000
-12.5%

Schools & Community

Elementary school: 

Orange Grove Elementary-PN

Middle school: 

Seminole Middle-PN

High school: 

Seminole High-PN

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

-$67,048
Asking price
$500,000
Closing costs (~8% of asking)
-$40,000
Est. remaining loan balance
-$527,048
Cash to seller
-$67,048

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

Seller’s Loan History

Lender

Finance Of America Mortgage Llc

Loan start date

September 2022

Original loan amount

$544,000

Est. remaining balance

$527,048

Interest rate

5.54%

Loan type

New Conventional, 30 year

Seller

Lynda R Deccio

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 11:45 AM

Listing updated: 12/12/2024 at 1:57 PM

Listed by: Natalia Murphy, COMPASS FLORIDA, LLC Phone #: (813) 355-0744

MLS: StellarMLS #TB8322211

StellarMLS logo

Recently listed in MADEIRA BEACH