PRICE IMPROVED-SELLER MOTIVATED!
Fixer-Upper Opportunity in prime St. Petersburg Location, & Priced for Quick Sale!
Located in one of St. Petersburg's very desirable neighborhoods, 375 58th Street N offers a unique opportunity for investors or those willing to put in the work to create their dream home. This 3-bedroom, 2-bathroom property was impacted by recent hurricanes, resulting in flooding that will require some repair and restoration. However, with the right vision and some elbow grease, this home can be transformed into a stunning residence in an ideal location.
Upon entering the home, you'll see the potential that awaits. The open-concept layout provides a great foundation for modern updates, with large windows that flood the space with natural light and a floor plan that can be reimagined to suit your needs. The home has a solid structure and features, including a generous-sized living room, separate dining area, and a large kitchen space that can be renovated to fit any style.
The owner’s suite and two additional bedrooms offer plenty of space, and the two full bathrooms have the potential to be restored to modern standards. With a little creativity, these rooms can be brought back to life, making this a great option for those who want to craft a personalized home.
The sizable yard provides space for outdoor entertaining, grilling, and gardening.
Despite the storm damage, the home's prime location remains a huge draw. Situated just minutes from Treasure Island, and from downtown St. Petersburg, this property offers easy access to shopping, dining, entertainment, and beautiful Gulf Coast beaches. The neighborhood is established and vibrant, with plenty of potential for future growth and development.
This Property is Ideal For:
* Buyers looking for a fixer-upper with great potential for customization.
* Investors seeking a property to renovate and flip.
* Homeowners who want to take on a project and create their dream home in a fantastic location.
This is a rare opportunity to invest in a property that can be restored to its former glory with the right vision and effort. If you're ready to roll up your sleeves and turn this home into something special, 375 58th Street N is waiting for you.
Schedule your private showing today!
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William Raveis Real Estate
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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 | $197,600 | $197,600 | $197,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 7.250% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.295% | 7.408% | 6.623% |
Monthly Tax Payment | $207 | $207 | $207 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,331 | $1,348 | $1,708 |
Total Monthly Payment | $1,613 | $1,630 | $1,990 |
* 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.