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635 16th Avenue Ne
Saint Petersburg, FL 33704
$2,150,000
Conventional
Property
Bedroom
4
Bathroom
5
Property Type
Conventional
Square ft
3492
Property Description
Welcome home, make this modern totally updated colonial home yours on one of the best blocks of the best Historic neighborhood of St Pete, Old Northeast. This spacious, 3492 sf, 4 bedroom 3 full and 2 half bath custom home built by and for a local builder, exudes charm and sophistication with high ceilings and gorgeous newly refinished hardwood floors throughout every room. The entire first floor was gutted and reimagined by a luxury design team to allow for better flow and feng shui. The kitchen, completed in 2021, is a chefs dream and features 32 liner feet of carrara marble countertops with a waterfall island. The most sophisticated gourmet will be happy with the 48" Miele 6 burner gas range with dual oven/ speed oven and warming drawer with Miele vented hood. Holidays are a breeze with the third full size Miele oven under the counter. Full wall of refrigeration with built in Thermador fridge and freezer columns as well as a 92 bottle built in wine fridge. There are additional Termador separate beverage and freezer/ice drawers in the island for entertaining. Over the double waterfall island are "andromeda" lights by Italian designer calling aria. The kitchen flows into the matching laundry room with new washer dryer and half bath off the pool area. The formal dining room can accommodate parties of 12 or more with space to move. The whole house is flooded with light through the newer hurricane impact windows throughout the home, many with custom planation shutters. There are 2 half baths on the main floor, one of them custom mural painted by local artist Chad Mize on the walls, door, ceiling and marble vanity. On the second floor there are three guest bedrooms, one with en suite bath and another full bath in the hall. The primary suite is a spacious, 950 sq ft, modern sanctuary with windows over looking the lush tropical garden and two separate large walk in closets with built in storage, The primary bath is very large with a double vanity, large jetted tub, separate shower and water closet. The property is fully fenced and planted with many exotic palms, fruit trees including meyer lemons, key limes, ruby red grapefruit and honeybell oranges. A wall of ancient traveler palms tower over the newly resurfaced salt water heated pool and spa. This is a smart home where may of the features can be controlled via smart phone including interior climate, lightning, landscape lighting, pool and spa functions are controlled via smart phone. The two car detached garage is air conditioned with an insulated attic for all your storage needs. Walk 2 blocks to sunrise with the dolphins on Tampa bay and North shore park making downtown just a short 10 block stroll away. Be amongst the gorgeous turn of the century estates but in a home with all the modern conveniences you could wish for with insulation, modern electric and pvc pipes, and storm protection to keep your insurance low. Bedroom Closet Type: Walk-in Closet (Primary Bedroom).
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1985
MLS Number
T3518045
Location
Address
635 16TH AVENUE NE
City
SAINT PETERSBURG
State
FL
Zip Code
33704
County
PINELLAS (SOUTH)
Listing
Provider
Name
Compass
Phone
(551) 404-5204
Office Name
COMPASS FLORIDA, LLC
Office Phone
(813) 355-0744
Agent Name
Peter Arner

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.