Single Family Residence
4 Beds / 3 Baths / 2 Car Garage
Screened in Pool overlooking Lake
2,379 SQFT
Lot Size: 6,359 Sqft
Year Built: 2002
Roof – 24 Years Old
A/C - 2 Units, 1 is pretty new
Construction: Block
Flood Zone: AE
As-Is Value: $625k
COE: 09/12/2024
Empora Title
Reach out for Access
10k EMD
COMPS: (High Demand Neighborhood does not have many recent comps)
565 Somerhill Dr NE, Saint Petersburg, FL 33716 - SOLD: 785k - 2022 (2,114 Sqft - No Pool, Not lakefront)
604 Addison Dr NE, Saint Petersburg, FL 33716 - SOLD: 733k - 2022 (2,108 Sqft, Pool, Not lakefront)
595 Somerhill Dr NE, Saint Petersburg, FL 33716 - SOLD: 725k - 2022 (2,158 Sqft, Pool. Not lakefront)
701 Addison Dr NE, Saint Petersburg, FL 33716 - SOLD: 605k - 2023 (1,830 Sqft, No Pool, Lakefront)
671 Addison Dr NE, Saint Petersburg, FL 33716 - SOLD: 605k - 2023 (2,013 Sqft, No Pool, Lakefront - Outdated)

Wholesale Price: $514,990
ARV: $700k+

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Disclaimer:
House is being sold as-is, and the buyer is to pay all closing costs. 10K EMD. Non-Refundable earnest money to be deposited within the same business day contract is executed or the contract will be canceled. Buyer must close with cash or a hard money loan.

The buyer is not relying on any representations, whether written or oral, regarding the properties above. Price based on a cash or hard money offer and is net to seller. Buyers to do their own independent due diligence.
Buyer must do your own due diligence, evaluation and inspection prior to making an offer. Determining value is the buyer’s responsibility. Seller strongly recommends buyers employ an Investment Realtor to help determine value. Any reference to the value of a property by the Seller or any representative of the Seller is an opinion of value. Everyone has a differing opinion on value, cost of construction, materials, quality of workmanship and market speculation. Value is ultimately the buyer’s responsibility and they should be diligent in determining market value.

REALTORS:
If you are currently working with a client, and wish to receive a commission, please note that the wholesale price does not include your commission. You may want to negotiate a commission with your client separate from the wholesale price or you may adjust the wholesale price upwards to include your commission.

WHOLESALERS:
If you’d like to JV on this deal send us a text message, email, or call to let us know you are going to be sharing our deal with your investors.