tomo logo

$165,000

Beds
1
Baths
1.0
sq ft
446

902 Gibbs Rd Unit 183, Venice, FL 34285

902 Gibbs Rd Unit 183

VENICE, FL 34285

  • 85 days on market
    • Price drop $5,000↓
EXCELLENT INVESTMENT OPPORTUNITY IN A FANTASTIC LOCATION – ON THE WATER ON THE ISLAND OF VENICE!** This 1-bedroom, 1-bath condo is a blank canvas waiting for your personal touch. Previously stripped to the studs due to water damage, the unit has drywall in place and ready for your finishing ideas. This offers a unique opportunity to design and customize every aspect to suit your style. Picture a modern, chic living space with EXCELLENT RENTAL INCOME potential and history. Both the living room and bedroom boast sliders that open up to breathtaking canal views, creating a peaceful and picturesque setting. With the right vision, this condo can be turned into a highly sought-after property. Impact sliders and a hot water heater have been ordered, while a new air handler and condenser have already been installed. Doors and finishes will be handled by a general contractor, with costs covered by the condo association insurance. Unit will need kitchen cabinets and a bathroom vanity. Don't miss this fantastic investment opportunity! **Prime Location** with **Deeded Beach Access** at the tip of the North Venice Beach Jetty! Experience stunning sunsets, surfing, prime fishing locations, and vibrant wildlife. The large, heated **Community Pool** overlooks the beach, and both assigned and guest parking options are available. A laundry room is conveniently located on the first floor, along with a storage closet. Please note that pets are not allowed, and RENTALS ARE PERMITTED 12 TIMES A YEAR WITH A 30 DAY MINIMUM. Just a short walk from the Crow's Nest restaurant and less than a 7-minute drive to the bustling Historic Downtown Venice, where you'll find endless entertainment, shopping, and dining options. Schedule your appointment today!

Details

Property type

Condominium

Est. home value

$306,666

Lot size

Unknown

Price per sq ft

$370

Year built

1970

Annual property taxes

$3,199

HOA

Yes

Price History

02/12/2025
StellarMLS

StellarMLS #N6135662

Price change
$165,000
-2.94%
11/30/2024
StellarMLS

StellarMLS #N6135662

Listed
$170,000
-22.73%
10/01/2024
StellarMLS

StellarMLS #A4587134

Removed
$220,000

Schools & Community

Neighborhood: 

The Island

Elementary school: 

Venice Elementary

Middle school: 

Venice Area Middle

High school: 

Venice Senior High

Community features: 

Pool, Sidewalks

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

$15,502
Asking price
$165,000
Closing costs (~8% of asking)
-$13,200
Est. remaining loan balance
-$136,298
Cash to seller
$15,502

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

Seller’s Loan History

Lender

The Federal Savings Bank

Loan start date

October 2020

Original loan amount

$150,800

Est. remaining balance

$136,298

Interest rate

2.93%

Loan type

New Conventional, 30 year

Seller

Charles Thomas Hooker

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: 02/22/2025 at 11:15 PM

Listing updated: 02/21/2025 at 7:59 PM

Listed by: Domenica Riggio, COLDWELL BANKER REALTY Phone #: (941) 493-1000

MLS: StellarMLS #N6135662

StellarMLS logo

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