Seller's Agent in 2019
Jim Blackmon
COLDWELL BANKER REALTY
(727) 492-7895
1 in this area
9 Total Sales
335 47th Ave N Unit 237 Saint Petersburg, FL 33703
Harcourt NeighborhoodEstimated Value: $123,000 - $924,000
--
Bed
--
Bath
5,970
Sq Ft
$316/mo
HOA Fee
Highlights
- In Ground Pool
- L-Shaped Dining Room
- Laundry Room
- Property is near public transit
- Gazebo
- Tile Flooring
About This Home
As of September 2019Location, location, location with excellent passive income. 10 unit condo package in the 96 unit Parklane Condominium complex situated off 47th Ave. N. & 4th Street- the hottest, fastest growing commercial & retail thoroughfare in St. Pete. Package consists of eight 1 BR/1 bath units & two 2 BR/1 bath units- all currently rented. A CURRENT 8.0% Cap Rate at list price, with lots of upside potential- as all units have been renovated in the past 24 months, it is a matter of simply increasing rents when leases expire, or tenants move out, with just cleaning & touchup paint. The income of a 10 unit apartment building, without any of the hassles or stress of active property management- since these are condos, all lawn care, pool maintenance, exterior paint, roofs, & water/sewer/trash are dealt with by association management company. Monthly condo fee covers it all, including free basic cable for tenants. Tenants pay electric. Close by are great restaurants, two Publix supermarkets, Pier 1 Imports, Stein Mart, CVS and Walgreens. A complex one block away, built the same year, with the same construction, sold for $115,000/unit less than 6 months ago; and, it had significant deferred maintenance. This is the perfect passive income investment, with roof, exterior paint, yard and pool maintenance the responsibility of the condo association. Easy to self manage.
Rents are escalating at 10% or more in this popular St. Petersburg market. Buyer must be approved by condo association. Sellers are Realtor and his family.
Last Agent to Sell the Property
COLDWELL BANKER REALTY License #496607 Listed on: 03/26/2019
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,245
Year Built
- Built in 1973
Lot Details
- 3.6
HOA Fees
- $316 Monthly HOA Fees
Home Design
- Shingle Roof
- Block Exterior
- Stucco
Interior Spaces
- 5,970 Sq Ft Home
- Ceiling Fan
- L-Shaped Dining Room
Kitchen
- Range with Range Hood
- Dishwasher
- Disposal
Flooring
- Carpet
- Laminate
- Tile
Laundry
- Laundry Room
- Laundry in Hall
Home Security
Parking
- Driveway
- Open Parking
- Off-Street Parking
Pool
- In Ground Pool
- Child Gate Fence
Outdoor Features
- Exterior Lighting
- Gazebo
- Outdoor Storage
- Outdoor Grill
Utilities
- Central Heating and Cooling System
- Thermostat
- Electric Water Heater
- High Speed Internet
- Cable TV Available
Additional Features
- Additional Parcels
- Property is near public transit
Listing and Financial Details
- Visit Down Payment Resource Website
- Tenant pays for electricity
- Legal Lot and Block 237 / 335
- Assessor Parcel Number 06-31-17-66645-335-0237
Community Details
Overview
- 4 Buildings
- 96 Units
- Mid-Rise Condominium
- Parklane Condo Subdivision
- On-Site Maintenance
- Rental Restrictions
Recreation
- Community Pool
Additional Features
- Laundry Facilities
- Gross Income $114,960
- Fire and Smoke Detector
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 26, 2019
Closed on
Sep 12, 2019
Sold by
Simpsy Llc
Bought by
Amelia Aparts Llc
Seller's Agent
Jim Blackmon
COLDWELL BANKER REALTY
Buyer's Agent
Stellar Non-Member Agent
Stellar Non-Member Office
List Price
$875,000
Sold Price
$800,000
Premium/Discount to List
-$75,000
-8.57%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$410,000
Avg. Annual Appreciation
-11.47%
Purchase Details
Closed on
Apr 27, 2017
Sold by
Ibrahimovic Safet
Bought by
Simpsy Llc
Purchase Details
Closed on
Mar 31, 2004
Sold by
Watkins Tracy E and Watkins Joan G
Bought by
Ibrahimovic Safet
Purchase Details
Closed on
Apr 2, 1999
Sold by
Burns Thomas J
Bought by
Watkins Tracy E and Watkins Joan G
Purchase Details
Closed on
Apr 20, 1998
Sold by
Koch Hans J and Koch Lien T
Bought by
Burns Thomas J
Purchase Details
Closed on
Mar 5, 1996
Sold by
Helen B Apple
Bought by
Koch Hans J and Koch Lien T
Purchase Details
Closed on
May 17, 1994
Sold by
Marovic Milena Schmidt
Bought by
Apple Helen B
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Amelia Aparts Llc | $560,000 | Viking Title Llc | |
| Simpsy Llc | $61,000 | Professional Title Solutions | |
| Ibrahimovic Safet | $43,000 | Crimmins Title Company | |
| Watkins Tracy E | $27,500 | -- | |
| Burns Thomas J | $22,000 | -- | |
| Koch Hans J | $25,500 | -- | |
| Apple Helen B | $26,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mr Parklane Properties Llc | $1,050,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/12/2019 09/12/19 | Sold | $800,000 | -1.7% | $134 / Sq Ft |
| 08/12/2019 08/12/19 | Pending | -- | -- | -- |
| 07/12/2019 07/12/19 | Price Changed | $813,650 | -4.3% | $136 / Sq Ft |
| 06/03/2019 06/03/19 | Price Changed | $850,000 | -2.9% | $142 / Sq Ft |
| 03/26/2019 03/26/19 | For Sale | $875,000 | -- | $147 / Sq Ft |
Source: Stellar MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,903 | $139,759 | -- | $139,759 |
| 2023 | $1,903 | $131,904 | $0 | $131,904 |
| 2022 | $1,650 | $104,229 | $0 | $104,229 |
| 2021 | $1,397 | $66,468 | $0 | $0 |
| 2020 | $1,357 | $63,461 | $0 | $0 |
| 2019 | $1,352 | $62,713 | $0 | $62,713 |
| 2018 | $1,245 | $57,338 | $0 | $0 |
| 2017 | $720 | $47,546 | $0 | $0 |
| 2016 | $649 | $40,632 | $0 | $0 |
| 2015 | $560 | $30,961 | $0 | $0 |
| 2014 | $502 | $26,846 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Jim Blackmon
-
Stellar Non-Member Agent
S
Buyer's Agent in 2019
Stellar Non-Member Agent
FL_MFRMLS
Map
Source: Stellar MLS
MLS Number: U8039559
APN: 06-31-17-66645-335-0237
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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