3850 13th Ave N APT 104, Saint Petersburg, FL 33713

Rent-to-Own Beautiful 880 sqft. 1 BR Condo in the heart of St. Pete - Chalet on the Lake Condo #104 - Owner-financing! Amenities Available: Central AC/Heating On-Site Laundry Swimming Pool Large Walk-In Closet Additional Storage Unit (Locked) Covered parking + 2 guest parking passes Very Safe Neighborhood All utilities paid by HOA except monthly electric bill Located 1/2 way between downtown and the beaches and within walking distance to Publix and Sam's Club on 34th St N and Bright Ice (homemade ice cream) on 5th Ave N & 37th St N. The St. Pete Main Library (9th Ave N) is just across Lake Jorgenson. 1st floor unit with covered parking and plenty of visitor parking. Condo is at Chalet on the Lake where there are no security gates to deal with, a very nice pool and Lake Jorgenson is just outside the door. Owner-financed at 6.5% for 15 years with 20% down. No realtor fees, no bank loan approvals, minimal closing costs, no points, etc. A simple 15-year payment contract would be drawn up by a real estate lawyer so we would both be protected. If you (as the buyer) were ever to default on your payment, instead of going into foreclosure, a lien would be placed on the condo and there would be a lawsuit, demand for payment, and monthly installments would be taken from your paycheck. Because this is not a traditional loan, the seller is taking a lot of risk in order to form this type of agreement. Cost to purchase: $159,000 with 20% down ($31,800 due at time of sale for 20%) Loan would be for 15 years with no pre-payment penalties. Here's the breakdown: Monthly payment: $752.60 plus $45.93 (this is the 6.5% interest) + whatever the HOA fee is at the time (HOA payment is completely separate from this seller-financed monthly payment) for a total monthly payment to owner of $798.53 With the way the HOA payment is set up now (as of Nov 2024 - $514/mo), the only actual monthly bill you would need to pay is the Duke Energy electric payment (typically $35-75/mo) and your (optional) Condo Insurance to cover the interior of condo and personal valuables. Your monthly HOA payment (currently, $514/mo) includes exterior building insurance, trash, water, covered parking space with 2 visitor parking passes, Spectrum basic cable TV service, Spectrum high-speed cable internet service and landscaping/lawn care/pool maintenance. This situation would be ideal for someone who has great credit (750 or higher) but doesn't qualify for a traditional mortgage, because they are self-employed or do not qualify for a different loan-related reason. Address: 3850 13th Ave N, St Petersburg, FL 33713 (Condo #104 - Chalet on the Lake). This condo is currently being rented so I wouldn't be able to show it but if you have looked through the 10 photos here in this listing, you are familiar with the location, and this sounds ideal to you, let me know and I'll add you to a waiting list. The first to respond will be the first person I call. Current tenant says she would only like to rent for 6 months, and if she leaves after 6 months, this condo would be available approximately May 1, 2025. Current tenant is paying $1495/mo as a traditional rental. If you were interested in purchasing, your payment would only be $798.53/mo (instead of $1495/mo) which would save you $696.47 every month and in 15 years it would be 100% yours! Serious inquiries only please! This is an incredible deal so there is no negotiation on the price. Condo is in mint condition with zero problems. 1-year lease will begin with a standard Rent-to-Own agreement but for the right person/situation, we might consider an expedited arrangement. Owner-financed at 6.5% for 15 years with 20% down. No realtor fees, no bank loan approvals, minimal closing costs, no points, etc. A simple 15-year payment contract would be drawn up by a real estate lawyer so we would both be protected. If you (as the buyer) were ever to default on your payment, instead of going into foreclosure, a lien would be placed on the condo and there would be a lawsuit, demand for payment, and monthly installments would be taken from your paycheck. Because this is not a traditional loan, the seller is taking a lot of risk in order to form this type of agreement. Cost to purchase: $159,000 with 20% down ($31,800 due at time of sale for 20%) Loan would be for 15 years with no pre-payment penalties. Here's the breakdown: Monthly payment: $752.60 plus $45.93 (this is the 6.5% interest) + whatever the HOA fee is at the time (HOA payment is completely separate from this seller-financed monthly payment) for a total monthly payment to owner of $798.53