NOT LISTED FOR SALE

432 61st Ave NE Saint Petersburg, FL 33703

Edgemoor Neighborhood

Estimated Value: $226,000 - $284,000

3 Beds
1 Bath
924 Sq Ft
$274/Sq Ft Est. Value

Last Sold January 30, 2018

Last sale price $112,500 $122 Per Sq Ft

Est. 126% increase in value since last sale

Current estimated payment $1,661/month

35 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • Fenced
  • Ceramic Tile Flooring
  • 1 Car Garage

About This Home

As of January 2018

Sweet investment property, that will easily rent for $1,300 a month and will garner a whopping $600+ a month... NET... in rental income, and $8,000 annually. The CAP Rate and Rate of Return are 11%, giving you an approximate 9 year break even point. The two houses to the left are 2 story, new construction. The neighborhood is being revitalized!

For a rental, you need to do almost zero to it to make it rent-ready. Just clean it up and fill in/remove the above-ground pool. AC needs fixing as well. As a rehab, it'll need updating, also.

Seller is a wholesaler, who is selling his equity interest in the property via an assignment of contract.

Terms:
Showings by appointment ONLY; Property is owner-occupied. DO NOT bother owner.

A non-refundable (except for clouded title), non-negotiable earnest money deposit of $5,000 is required, by certified check, money order or wire transfer.

Buyer is responsible for ALL closing costs (approx. 2% of purchase price).

Seller reserves right to choose title company or closing attorney.

Buyer is responsible for any pro-rated taxes due.

Close date is 1/30/18, and is firm.

Last Agent to Sell the Property

Jorge Zea

BLUE LIGHTHOUSE REALTY INC License #3015804 Listed on: 12/07/2017

Last Buyer's Agent

Stellar Non-Member Agent

Stellar Non-Member Office

Stellar Non-Member Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $634

Year Built

  • Built in 1959

Lot Details

  • 7,096 Sq Ft Lot
  • Fenced

Parking

  • 1 Car Garage

Home Design

  • Wood Frame Construction
  • Shingle Roof

Interior Spaces

  • 924 Sq Ft Home
  • Crawl Space

Kitchen

  • Oven
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Edgemoor Estates Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$634

Year Built

Built in 1959

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Wood Frame
  • Fireplace: No
  • Living Area: 924
  • Lot Size Acres: 0.16
  • New Construction: No
  • Year Built: 1959
  • Lot Size Sq Ft: 7096
  • Directions to Property: From Tampa: Take either I-275 or Gandy to 4th St N. Left on 62nd Ave NE. Right on Pershing St NE. Left on 61st Ave NE.
  • Status: Sold
  • Street Post Direction: NE
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=O5550668&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=O5550668&cview=true&show_results=true&customer_portal=true
  • Homestead Y N: No
  • Total Acreage: 0 to less than 1/4
  • Home Warranty Y N: No
  • Ratio: Close Price\List Price: 1
  • Price per Sq Ft: 121.75
  • Close to Original List Price Ratio: 1
  • View: No
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: Owner
  • Tax Year: 2016
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 1
  • Interior Amenities: Other
  • Appliances Included: Dishwasher, Microwave, Oven, Refrigerator
  • Foundation Details: Crawlspace
  • Total Bedrooms: 3
  • Levels: One
  • Street Number Modifier: 432
  • Room Count: 3
  • ResoLivingAreaSource: Owner

Exterior Features

  • Exterior Features: Fenced
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Flood Zone Panel: 12103C0209G

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Parking Features: Covered
  • Covered Parking Spaces: 1
  • Open Parking: No

Utilities

  • Utilities: Electricity Connected
  • Cooling: Central Air
  • Heating: Central
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association Fee Requirement: None
  • Association Approval Required YN: No

Lot Info

  • Parcel Number: 31-30-17-24822-014-0050
  • Additional Parcels: No
  • Flood Zone Code: AE
  • Flood Zone Date: 2003-09-03
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Minimum Lease: No Minimum
  • Lease Restrictions Y N: No

Tax Info

  • Tax Annual Amount: 634
  • Tax Block: 14
  • Tax Book Number: 7-45
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 17, 2018
Sold by
Wilson Sidney Smith and Wilson Sidney Strother
Bought by
Pearl Places Llc
Current Estimated Value
$254,014

Purchase Details

Listed on
Dec 7, 2017
Closed on
Jan 30, 2018
Sold by
Lintz Clinton
Bought by
Wilson Sidney
Seller's Agent
Jorge Zea
BLUE LIGHTHOUSE REALTY INC
Buyer's Agent
Stellar Non-Member Agent
Stellar Non-Member Office
List Price
$112,500
Sold Price
$112,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.13%

Purchase Details

Closed on
Jun 21, 1995
Sold by
Reno Irving E
Bought by
Reno Irvin E and Reno Margaret

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,000
Interest Rate
7.88%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Pearl Places Llc -- Attorney
Wilson Sidney $112,500 Attorney
Reno Irvin E -- --
Lintz Clinton $56,700 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lintz Susan K $65,000
Previous Owner Lintz Clinton $51,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/30/2018 01/30/18 Sold $112,500 0.0% $122 / Sq Ft
01/12/2018 01/12/18 Pending -- -- --
12/07/2017 12/07/17 For Sale $112,500 -- $122 / Sq Ft
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

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 $3,326 $219,328 $164,820 $54,508
2023 $3,326 $172,462 $130,504 $41,958
2022 $3,151 $173,619 $137,180 $36,439
2021 $2,873 $136,680 $0 $0
2020 $2,700 $126,258 $0 $0
2019 $2,521 $116,931 $0 $0
2018 $630 $62,923 $0 $0
2017 $632 $61,629 $0 $0
2016 $634 $60,361 $0 $0
2015 $647 $59,941 $0 $0
2014 $646 $59,465 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jorge Zea

    Seller's Agent in 2018

    Jorge Zea

    BLUE LIGHTHOUSE REALTY INC

    (855) 550-0528

    1,403 Total Sales

    Section Image

  • S

    Buyer's Agent in 2018

    Stellar Non-Member Agent

    FL_MFRMLS

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Map

Source: Stellar MLS

MLS Number: O5550668

Stellar MLS

APN: 31-30-17-24822-014-0050

Florida Pinellas County Saint Petersburg 33703 Edgemoor

432 61st Ave NE, Saint Petersburg, FL

This home is located at 432 61st Ave NE, Saint Petersburg, FL 33703 since 07 December 2017 and is currently estimated at $252,979, approximately $273 per square foot. This property was built in 1959. 432 61st Ave NE is a home located in Pinellas County with nearby schools including Shore Acres Elementary School, Northeast High School, and Meadowlawn Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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