1585 Delaware AVENUE NE, St. Petersburg, FL, 33703 | $500,000

Amazing investment opportunity! This home is being sold as-is; cash buyers only as it was flooded by Hurricane Helene and has been remediated and is ready to renovate, raise, or rebuild. This home was fully remodeled in 2023 with many upgrades surviving the hurricane and still in new condition. 2023 upgrades include: hurricane-rated impact windows on the entire house (done by Window World with a transferable lifetime warranty), a Carrier HVAC system with Google Nest, a Daizuki Mini Split in the upstairs primary bedroom for added comfort (the primary bedroom also has central AC), an Ecosmart tankless water heater, gutters on the entire house, pavers installed on the driveway, porch, back patio, and pool deck, pool refinished with PebbleTec and new tiles, granite window sills, a fiberglass "wood look" front door, a Rain Bird irrigation system, the entire floor leveled to prevent water intrusion under the flooring, new "wood-look" tiles installed throughout the entire home with antimicrobial grout, new exterior paint, and the upstairs bedroom and bathroom were remodeled. A new salt cell will be installed for the pool this month (October, 2024) and the tile roof was inspected in 2024 and is said to have 15-20 years remaining. The fence will be repaired this weekend also. This home is just a few minutes from Denver Park, the new Shore Acres Recreation Center, Whole Foods, Publix, and many restaurants. It's only a 10-minute drive to downtown St. Pete or I-275. Many new construction homes in the neighborhood are selling for $1. 3-2. 5 million.

Features

  • Rooms: 6
  • Bedrooms: 3
  • Baths: 2 full / 1 half
  • Lot Size: 64 x 128
  • Laundry: Inside, Laundry Closet
  • Year Built: 1957
  • Garage: 1-car Circular Driveway, Driveway, Garage Door Opener
  • Heating: Central, Electric
  • Cooling: Central Air, Mini-Split Unit(s)
  • Approx Sq. Feet: 1,518
  • Acreage: 0.19
  • Lot Size: 64 x 128
  • Est. Taxes: $7,352
  • HOA Fee: $25 Annually
  • Lot Desc: Corner Lot, Flood Insurance Required
  • Elem. School: Shore Acres Elementary-PN
  • Middle School: Meadowlawn Middle-PN
  • High School: Northeast High-PN
  • Pool: In Ground, Lighting, Salt Water, Tile
  • Pet Policy: Yes
  • Appliances: Microwave, Tankless Water Heater, Water Softener
  • MLS#: TB8311759
  • Days on Market: 0 day
  • Website: https://www.raveis.com
    /prop/TB8311759/1585delawareavenuene_stpetersburg_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 10/18/2024 4:17:11 PM)
Listing courtesy of NEXTHOME LUXE COASTAL   Phone: 727-315-0315

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NMLS Mortgage Loan Originator ID 16953

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Melissa.Cohn@raveis.com

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1585 Delaware AVENUE NE, St. Petersburg, FL, 33703

$500,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $400,000 $400,000 $400,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.250% 6.625% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.775% 6.790% 6.034%
Monthly Tax Payment $613 $613 $613
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $2,729 $2,561 $3,322
Total Monthly Payment $3,434 $3,266 $4,027

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.