3918 Arkansas AVENUE NE, St. Petersburg, FL, 33703 | $260,000

Under contract-accepting backup offers. Attention investors! This cash-only property is your opportunity to transform or build anew in one of St. Pete's most desirable neighborhoods. This 3-bedroom, 2-bathroom home with a 2-car garage sits on a peaceful . 16-acre lot in Shore Acres. While the home experienced flooding during recent hurricanes, it’s priced accordingly and offers endless potential for the savvy buyer. Renovate the existing structure or tear it down and design a custom home – the choice is yours. The lot provides ample space to create a luxurious backyard sanctuary or expand for modern living. Shore Acres is seeing a surge of new construction and development, making this an ideal opportunity to invest in a rapidly growing area. The property is conveniently located near trendy restaurants, Whole Foods, shopping, downtown St. Pete, public water access, a boat ramp, and the recently renovated Shore Acres Recreation Center. This property is sold As-Is and listed below market value, offering an excellent chance for you to capitalize! Don’t miss this opportunity to build equity and create your vision of Florida paradise!

Features

  • Rooms: 6
  • Bedrooms: 3
  • Baths: 2 full
  • Lot Size: 55 x 125
  • Laundry: In Garage
  • Style: Florida
  • Year Built: 1973
  • Garage: 2-car Garage Door Opener
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 1,195
  • Acreage: 0.16
  • Lot Size: 55 x 125
  • Est. Taxes: $2,318
  • Lot Desc: Flood Insurance Required, FloodZone, City Lot, Landscaped, Level, Sidewalk
  • View: Garden
  • Elem. School: Shore Acres Elementary-PN
  • Middle School: Meadowlawn Middle-PN
  • High School: Northeast High-PN
  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer, Water Softener
  • MLS#: TB8322342
  • Days on Market: 2 days
  • Website: https://www.raveis.com
    /prop/TB8322342/3918arkansasavenuene_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 12/22/2024 8:47:09 PM)
Listing courtesy of MCBRIDE KELLY & ASSOCIATES   Phone: 813-254-0900

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NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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3918 Arkansas AVENUE NE, St. Petersburg, FL, 33703

$260,000

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 $208,000 $208,000 $208,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.125% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.456% 7.171% 6.276%
Monthly Tax Payment $193 $193 $193
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,401 $1,382 $1,754
Total Monthly Payment $1,669 $1,650 $2,022

* 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.