A Still-Smoldering Home in Florida is Listed for Sale at a Steep Discount
A newly listed home in St. Petersburg, Florida, is giving new meaning to the term “hot property” after it was put on the market for $259,000 – despite the fact that it is still smoldering from fire damage believed to have been caused by recent hurricanes in the state.
Red-Hot Interest
Not surprisingly, the still-smoking listing got some red-hot attention on social media. “It sold in 2020 for $325,000. I would expect more than a $65K discount,” a Reddit user noted.
But with another hurricane on the way, some saw gallows humor in the owner’s attempt to sell the home. “Fire sale.” Another added, “No worries. Hurricane Milton will put out the fire.”
Still Smoking
On the market for just four days, the property is braced now for Hurricane Milton, which is set to make landfall on Florida’s central coast as a Category 3 level and unleash one of the most destructive storms in the area on record.
The terrifying storm is forecast to wreak havoc on the area, and the homeowner is hoping to sell the property quickly before the damage gets any worse.
The Pool is ‘Undamaged’
In a small bit of good news for the owner, the pool wasn’t damaged, although the house certainly was. But the house will need a complete renovation or, more likely, will be torn down by the new owner and built anew.
Opportunity Knocks
Dare we call this a hot property – and not just because it’s smoking? This is a “prime opportunity for redevelopment, priced competitive for land value,” the listing notes.
The low price comes with some caveats: “Cash offers or seller financing only with no inspection contingencies,” the listing states.
Conclusion
The owner of the still-smoldering home is hoping to sell the property quickly and move on from the damage caused by the recent hurricanes. With a low asking price and a prime location, this could be an opportunity for a savvy investor or developer to snap up a deal.
FAQs
Q: How much is the home being listed for?
A: The home is being listed for $259,000.
Q: What is the condition of the home?
A: The home is still smoldering from fire damage believed to have been caused by recent hurricanes.
Q: Can I see the home before buying?
A: No, due to safety concerns, potential buyers will not be allowed to enter the home.
Q: Is the pool damaged?
A: No, the pool is undamaged, although the house is badly damaged.
Q: Are there any financing options available?
A: Yes, seller financing is available, although cash offers are preferred.
