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316 13th Avenue N
Saint Petersburg, FL 33701
$1,595,000
Conventional
Property
Bedroom
7
Bathroom
6
Property Type
Conventional
Square ft
3004
Property Description
316 13th Ave N is a beautifully preserved and modernized example of early St. Petersburg Dutch Colonial architecture. Located in the heart of one of the city’s most desirable neighborhoods - Historic Old Northeast, it has easy access to surrounding retail and grocery stores. The stunning two-story home includes the main house and 4 lovely, attached studios. Traditional craftsmanship throughout includes architectural wood windows and doors, a grand staircase, high ceilings, plaster walls, wood floors, and subtle period details. The home is truly unique, and the attached studios present the next owner with abundant options for living in the home with a large family and relatives or living in a portion of the home and generating income from the studios. The home sits on a generous 65’ x 130’ sq ft lot featuring stunning landscaping, a 16’ x 32’ swimming pool, and six off-street parking spaces along the alley. The professionally designed landscape was recognized in 2021 as a “Gold Star Home” by the Historic Old Northeast Neighborhood Association. The main house is two stories, with 1,500 sq ft of classic St. Petersburg architecture. On entering the home you find a grand staircase, a first floor living room, dining room, kitchen, laundry, and powder room. A grand staircase ascends through an arched opening to three bedrooms and a period style hall bath on the second floor. A pair of French doors in the living room open onto a classic Florida screened porch. The porch area has been carefully renovated and retains all the original architectural details, including bead board ceilings, a vintage ceiling fan, and tile floor. A private patio and garden area adjoin the porch, and a paved path provides access to the stunning pool and rear yard area. Attached to the rear of the home are four studio units constructed in 1940, licensed by the City of St. Petersburg as rental units. The compact and efficient design of the studios offers the next owner an option to use or rent the studios. The four suites share identical, mirror image floor plans. Each studio has its own bathroom, kitchenette, and independently controlled LG HVAC split system unit. A separate second floor hallway and door separate the two upper studios from the main house. The lower-level studios are accessed through a separate rear-yard entry and are separate from the main house living area. The upper-level studios have their own entry via a wooden staircase and private deck area. A second laundry is located in the first-floor studio hallway and serves all four studios. Technology and security includes Google Mesh WiFi, a monitored ADT alarm system with three separate zones for tenants, and Luma exterior video security system for the perimeter of the building. The home has been extensively renovated, with a long list of capital improvements. The opportunities for expanding the main house by combining it with one or more of the studios are endless, limited only by imagination!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1925
MLS Number
U8240821
Location
Address
316 13TH AVENUE N
City
SAINT PETERSBURG
State
FL
Zip Code
33701
County
PINELLAS (SOUTH)
Listing
Provider
Coastal Properties Group International, LLC, original listing
Name
Coastal Properties Group International, LLC
Phone
(727) 493-1555
Office Name
COASTAL PROPERTIES GROUP INTERNATIONAL
Office Phone
(727) 493-1555
Agent Name
Jeremy Detwiler

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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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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.