$205,000
$260,000
21.2%For more information regarding the value of a property, please contact us for a free consultation.
0.36 Acres Lot
SOLD DATE : 03/06/2024
Key Details
Sold Price $205,000
Property Type Vacant Land
Sub Type Residential
Listing Status Sold
Purchase Type For Sale
Subdivision Chestervilla Mundays Add
MLS Listing ID O6153665
Sold Date 03/06/24
HOA Y/N No
Originating Board Stellar MLS
Annual Tax Amount $229
Lot Size 0.360 Acres
Acres 0.36
Lot Dimensions 120x130
Property Description
Bank owned residential R-4 zoned property available. Two nice sized residential lots currently combined into one tax parcel and improved with a small office building that is a former single family home converted to office use. County says that pre-existing approval to use property as an office did not convey with ownership transfer and any new buyer will need to undergo full site plan approval and apply for approval to use as office. County says that a buyer purchasing the property as is could demolish existing 1950 era structure and rebuild residential units on the property, or renovate the building back into a home with opportunity to build an up-to 750 sf accessory structure apartment or villa on the property in addition to the existing renovated home. Location of existing building encroaches on required side setback from middle property line which makes lot split unlikely without a waiver from the county without demolishing the existing building. Opportunity for investor; substantial multi family rentals in this nighborhood. Listing is presented as a residential redevelopment opportunity either through redevelopment into two single family lots, two duplexes, or potentially as a quadplex, or alternatively as a conversion of existing building back to residential home with development opportunity of an additional 750 sf apartment on the site. Existing structure has been rebuilt into an office, has no kitchen nor residential baths or living areas. Buyer responsible for performing their own due diligence with County to confirm redevelopment potential. Property sold as is with no warranty from seller or listing agent.
Location
State FL
County Pinellas
Community Chestervilla Mundays Add
Zoning R-4
Exterior
Utilities Available Cable Available, Electricity Available, Sewer Connected, Water Connected
Building
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Others
Ownership Fee Simple
Special Listing Condition Real Estate Owned
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