tomo logo

$460,000

Beds
3
Baths
2.5
sq ft
1,501

8651 Gulf Blvd, St Pete Beach, FL 33706

8651 Gulf Blvd

ST PETE BEACH, FL 33706

  • 38 days on market
ST PETE BEACH INVESTOR SPECIAL OR DIY DREAM HOME! This home has flood damage from Hurricane Helene and is being sold for renovation or redevelopment. Located in a golf cart-friendly neighborhood and just minutes from the beach, restaurants, and shops. While the home has experienced flood damage and requires rehab, it’s a blank canvas to create your own beach house or season rental. The seller makes no warranties regarding the home's condition, leaving it to the buyer to assess the feasibility of a rehab project. This home is located in a highly desirable North Beach neighborhood! Don't miss out on this exceptional investment in one of Florida's most sought-after beach communities. The pre-storm value of this property was $700,000. Pre-Storm photos attached. Embrace the potential and seize the opportunity to build wealth and make your mark on St. Pete Beach!

Details

Property type

Single Family Residence

Est. home value

$599,792

Property condition

Fixer

Lot size

7,797 sq ft

Price per sq ft

$307

Year built

1957

Annual property taxes

$3,477.17

HOA

No

Price History

11/15/2024
StellarMLS

StellarMLS #TB8321785

Listed
$460,000
-34.28%
09/28/2024
StellarMLS

StellarMLS #U8239160

Removed
$699,900
08/13/2024
StellarMLS

StellarMLS #U8239160

Price change
$699,900
-4.12%

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

$244,730
Asking price
$460,000
Closing costs (~8% of asking)
-$36,800
Est. remaining loan balance
-$178,470
Cash to seller
$244,730

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

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

May 2016

Original loan amount

$218,900

Est. remaining balance

$178,470

Interest rate

3.58%

Loan type

New Conventional, 30 year

Seller

Kala R Ellis and Daniel R Hurd

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: 12/23/2024 at 5:40 AM

Listing updated: 12/13/2024 at 12:57 PM

Listed by: Carol Giovannoni, RE/MAX PREFERRED Phone #: (727) 367-3636

MLS: StellarMLS #TB8321785

StellarMLS logo

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