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$849,000

Beds
3
Baths
3.0
sq ft
2,064

861 Rafael Blvd NE, Saint Petersburg, FL 33704

861 Rafael Blvd NE

SAINT PETERSBURG, FL 33704

  • 41 days on market
    • Price drop $51,000↓
Exceptional Building Opportunity in Snell Isle – Price Reduced! CASH ONLY - Recently Flooded Home This spacious 84x125 lot in the prestigious Snell Isle neighborhood offers the perfect canvas for your dream home! The property was impacted by Hurricane Helene on 09/26/24 but has been fully remediated and is ready for your vision. Whether you choose to renovate or build new, this lot provides endless possibilities. The highlight of this property is the brand-new, 2023 Oasis pool and spa, offering a luxurious escape as you design or transform your ideal Florida retreat. With a block privacy fence and tasteful landscaping the outdoor space is private and serene. The existing home features 2,064 sq. ft. of living space, a 2 car garage with storage bay, and a 2019 roof, adding great value and potential to the property. Situated on peaceful Rafael Blvd, this lot boasts a serene, community-oriented setting while being just moments away from Northeast St. Pete’s best amenities. Take a short bike ride or walk to Crisp Park or The Vinoy Golf Club. Enjoy the scenic waterfront sidewalks that lead to vibrant Downtown St. Petersburg, where you'll find lush parks, trendy cafes, fine dining, world-class museums, and breweries. Everyday conveniences, including Whole Foods, Trader Joe’s, Fresh Market, and two Publix locations, are just a golf cart ride away. Don't miss this opportunity to build or renovate in one of Northeast St. Pete’s most sought-after neighborhoods. Act now and make it yours!

Details

Property type

Single Family Residence

Est. home value

$1,268,583

Property condition

Fixer

Lot size

0.26 acres

Price per sq ft

$412

Year built

1957

Annual property taxes

$10,735

HOA

No

Price History

12/19/2024
StellarMLS

StellarMLS #TB8320009

Price change
$849,000
-5.67%
12/09/2024
StellarMLS

StellarMLS #TB8320009

Price change
$900,000
-7.69%
12/02/2024
StellarMLS

StellarMLS #TB8320009

Price change
$975,000
-7.14%

Schools & Community

Neighborhood: 

Snell Isle

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

$262,221
Asking price
$849,000
Closing costs (~8% of asking)
-$67,920
Est. remaining loan balance
-$518,859
Cash to seller
$262,221

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

Seller’s Loan History

Lender

Alliant Cu

Loan start date

July 2019

Original loan amount

$580,000

Est. remaining balance

$518,859

Interest rate

3.82%

Loan type

New Conventional, 30 year

Seller

Douglas Willey and Kristin Hughes

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 4:50 PM

Listing updated: 12/19/2024 at 2:50 PM

Listed by: Julie Larsen, CORCORAN DWELLINGS Phone #: (727) 888-4663

MLS: StellarMLS #TB8320009

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