David's Blog

South Causeway Isle and Yacht Club Estates St. Petersburg, FL

David Miller - Florida Appraiser & Realtor (David Miller Realty, Inc.) — Sat, 28 Nov 2009 10:18:39 -0600

This area is often referred to as Causeway Isles and includes Causeway Isles which is on the north side of Central Ave, South Causeway Isle which is south of Central Ave and South Causeway Isle Yacht Club which is reached via 79^th Street through South Causeway Isle.

The area consists of approximately 770 single family homes built primarily in the 1950's and 1960‘s. A large majority of the homes are waterfront. There are canal front homes as well as homes with views of the Intracoastal Waterway and Boca Ciega Bay.

The square footage of the homes range from 1038 square feet to 6773 square feet with the predominant size being in the 1500 to 2500 square foot range. Approximately 90 of the homes are more than 3000 square feet. A majority of the homes are located on lots that are less than ¼ of an acre.

The local MLS reported 17 sales in the neighborhood within the past six months ranging in price from $187,500 to $1,011,900. There are currently 22 homes listed for sale in the neighborhood ranging in price from $399,900 to $ 3,200,000

Pictured below are some pictures of the area and a few homes for sale in the neighborhood.

Information provided by: David Miller, Realtor/Appraiser serving St. Petersburg, FL and the Tampa Bay Area.

Divorce Appraisals

David Miller - Florida Appraiser & Realtor (David Miller Realty, Inc.) — Mon, 22 Jun 2009 06:15:08 -0500

Are there more divorces recently? I have not seen any recent divorce rates but I have received a number of inquires lately about doing appraisals for home owners in a divorce situation.

Divorce generally involves dividing assets and many times includes Real Estate. Two of the choices presented to homeowners in a divorce situation are to either sell the house and divide the proceeds or to have one person buy the other out. In either case, each of the parties should get a separate home appraisal performed by a local State-Certified Real Estate Appraiser. Some times the parties agree to have one appraisal performed.

It is important to hire a professional State-Certified Appraiser that has knowledge of the market area. The appraiser should be objective and unbiased so that a fair and impartial valuation estimate is provided. The goal of the appraiser is to provide an accurate estimate of value based on comparable sales in the area.

Sometimes the appraisal will be a retrospective appraisal because one party owned the home prior to the marriage and may have obtained equity assets.

Appraisals for divorce should include an appropriate description of the Scope of Work that was performed, have a value estimate that is well supported by verifiable data and be defensible in court under cross examination by opposing counsel. Additionally, the appraisal should adhere to the Uniform Standards of Professional Appraisal Practice.

Information provided by: David Miller, Realtor/Appraiser serving St. Petersburg, FL and the Tampa Bay Area.

17231 Eagle Lane Lutz, FL 33558

David Miller - Florida Appraiser & Realtor (David Miller Realty, Inc.) — Mon, 11 May 2009 10:27:18 -0500

2956 square foot Cypress Log Home on One Acre

4 bedroom, 2 Bath, Built 2003, 2956 square feet, One Acre $299,900.

Furnished 4 bedroom, 2 bath 2956 square foot cypress log home built in 2003. Cypress is said to be one of the most durable of all woods. In addition to 4 bedrooms there is a living room, dining room, den, loft and laundry area. This home is located on one acre in Sierra Pines. Bring your horse. Horses are allowed in this subdivision. Approximately 19' x 15' master bedroom on first floor. The master bath has a garden tub as well as a separate shower. There is a large covered front porch and a large covered rear porch. Appliances included are refrigerator, range, oven, microwave, dishwasher, washer and dryer. Also included is a generator, water softener, lawn equipment, a large TV and furniture. Other features include two zoned a/c, double sided fireplace and shed. Enjoy country living with city convenience. Sierra Pines has a country feel but there is shopping, schools, and access to major roads nearby. A horse ride away from SR 54 and the Suncoast Parkway.

Information provided by David Miller Realty.

Pasadena Golf Club Estates: St. Petersburg, FL Area: Market Update 01/01/2009

David Miller - Florida Appraiser & Realtor (David Miller Realty, Inc.) — Sat, 03 Jan 2009 13:28:11 -0600

The local MLS reported 7 sales in Pasadena Golf Club Estates for 2008 with an average sale price of $235,000. The lowest sale price was $105,000 and the highest sale price was $381,000.

There are currently 19 homes listed for sale in the neighborhood ranging in list price from $159,900 to $790,000. There are two homes currently under contract in the neighborhood. Below are pictures of a few of the homes for sale.

The neighborhood of Pasadena Golf Club Estates consists of approximately 421 single family homes built primarily from 1953 to 1970. The subdivision has waterfront homes, non-waterfront homes and homes that border on the Pasadena Yacht and Country Club golf course.

The square footage of the homes range from 966 square feet to 4806 square feet with the predominant size being in the 1500 to 2000 square foot range. A majority of the homes are located on lots that are less than ¼ of an acre. The neighborhood is located between the Cities of Gulfport and South Pasadena and borders on Boca Ciega Bay as well as Pasadena Yacht and Country Club.

Information provided by:

David Miller, Realtor/Appraiser serving St. Petersburg, FL and the Tampa Bay Area.

Holiday Park Neighborhood St. Petersburg, FL: Market Update 01/01/2009

David Miller - Florida Appraiser & Realtor (David Miller Realty, Inc.) — Thu, 01 Jan 2009 15:40:51 -0600

The local MLS reported 17 sales in Holiday Park for 2008 with an average sale price of $205,000. The lowest sale price was $153,000 and the highest sale price was $329,000.

There are currently 12 homes listed for sale in the neighborhood ranging in list price from $139,900 to $334,900. There are three homes currently under contract in the neighborhood.

Pictured below are two of the homes for sale in Holiday Park.

The St. Petersburg neighborhood of Holiday Park consists of approximately 714 single family homes built primarily in the 1950's and 1960‘s. The homes in this neighborhood are well maintained. The neighborhood is close to Northwest Park and J. W. Cate Recreation Center. Some of the activities available to residents are baseball, soccer, tennis, gymnastics, karate, cheerleading, basketball, volleyball, dance and swimming. The neighborhood is within walking distance to Tyrone Elementary and Middle Schools. The area is close to employment, shopping, medical facilities and other support services.

The square footage of the homes range from 936 square feet to 3217 square feet with the predominant size being in the 1000 to 2000 square foot range. A large majority of the homes are concrete block construction and have attached garages. A majority of the homes are located on lots that are less than ¼ of an acre.

The Holiday Park neighborhood is north of 22^nd avenue north, south of 34^th avenue north, east of 66th street and west of 62^nd street. Holiday Park Neighborhood Association is open to residents of Holiday Park.

Information provided by: David Miller, Realtor/Appraiser serving St. Petersburg, FL and the Tampa Bay Area.

Sheryl Manor Neighborhood St. Petersburg, FL: Market Update 01/01/2009

David Miller - Florida Appraiser & Realtor (David Miller Realty, Inc.) — Thu, 01 Jan 2009 14:41:07 -0600

The local MLS reported 31 sales in Sheryl Manor for 2008 with an average sale price of $157,000. The lowest sale price was $78,000 and the highest sale price was $240,000.

There are currently 23 homes listed for sale in the neighborhood ranging in list price from $84,900 to $229,700. There are two homes currently under contract in the neighborhood. Pictured below are two of the homes for sale in Sheryl Manor.

The St. Petersburg neighborhood of Sheryl Manor consists of approximately 915 single family homes built primarily in the 1960‘s. The homes in this neighborhood are well maintained. The neighborhood is close to Northwest Park and J. W. Cate Recreation Center. Some of the activities available to residents are baseball, soccer, tennis, gymnastics, karate, cheerleading, basketball, volleyball, dance and swimming. The area is close to employment, shopping, medical facilities and other support services.

The square footage of the homes range from 700 square feet to 3832 square feet with the predominant size being in the 1000 to 1800 square foot range. A large majority of the homes are concrete block construction and have attached garages. Approximately a quarter of the homes have pools. A majority of the homes are located on lots that are less than ¼ of an acre.

The Sheryl manor neighborhood is north of 22^nd avenue north, south of 38^th avenue north, east of 62^nd street and west of 58^th street.

Information provided by: David Miller, Realtor/Appraiser serving St. Petersburg, FL and the Tampa Bay Area.

Divorce Appraisals

David Miller - Florida Appraiser & Realtor (David Miller Realty, Inc.) — Sun, 21 Dec 2008 09:18:52 -0600

Sometimes the appraisal will be a retrospective appraisal because one party owned the home prior to the marriage and may have obtained equity assets.

Information provided by: David Miller, Realtor/Appraiser serving St. Petersburg, FL and the Tampa Bay Area.

1515 Jeffrey Court Largo, Florida 33771

David Miller - Florida Appraiser & Realtor (David Miller Realty, Inc.) — Fri, 28 Nov 2008 14:53:44 -0600

Beautiful Pool Home For Sale

Three bedroom, two bath, two car garage pool home. 1800 square feet - built in 2003 $299,900.

This beautiful home is a concrete block constructed three bedroom, two bath split plan home built in 2003 and is in good condition. Features include a vaulted ceiling, fireplace, screen enclosure, in-ground salt water pool and upgraded landscaping. The home has upgraded tile floors in most of the house. The family room has a travertine tile floor and the master bedroom has stone tile flooring. The living room and two of the bedrooms have carpeting. The front covered porch and adjoining patios also have tile flooring. There is recessed lighting, track lighting and wiring for surround sound. The master bathroom has a garden tub as well as a separate shower. The master bedroom has french doors that lead to the screen-enclosed pool.

Listed by David Miller, Realtor/Appraiser serving St. Petersburg, FL and the Tampa Bay Area.

St. Petersburg, FL Sheryl Manor Neighborhood: Market Update 10/19/2008

David Miller - Florida Appraiser & Realtor (David Miller Realty, Inc.) — Sun, 19 Oct 2008 07:37:27 -0500

The local MLS reported the sale of 2701 61^st Lane N for $216,500 on 10/10/2008. This is a 1553 square foot 2 bedroom, 2 bath, 1 car garage home with a pool. The local MLS also reported the sale of 6097 28^th Terrace N for $138,000 on 10/17/2008. This is a 1118 square foot 2 bedroom, 1 bath, 1 car garage home. There are three other homes currently under contract in the neighborhood. There are currently 26 homes listed on the local MLS for sale in Sheryl Manor ranging in price from $119,000 to $225,000.

Pictured below are two of the homes for sale in Sheryl Manor.

The Sheryl manor neighborhood is north of 22^nd avenue north, south of 38^th avenue north, east of 62^nd street and west of 58^th street.

The local MLS reported 11 sales in the neighborhood within the past four months ranging in price from $69,900 to $250,00.

Information provided by David Miller Realty.

Dishonest Mortgage Company - Precision Plus Financial Services

David Miller - Florida Appraiser & Realtor (David Miller Realty, Inc.) — Sat, 11 Oct 2008 17:43:16 -0500

I have met and worked with many good, honest, knowledgeable and professional mortgage brokers. I appreciate the service they provide to the public as well as other professionals in the real estate industry. Of course every profession has it's share of bad apples. Most mortgage brokers, Realtors, appraisers, loan officers, doctors, lawyers, plumbers, electricians, painters, carpenters, pharmacists, writers, etc. are good ethical people, but there are always a few in each group that are not so good.

This post is about a mortgage company that I consider to be one of the bad ones.

I am a Real Estate appraiser in St. Petersburg, Florida and was contacted by Precision Plus Financial Services, which is located at 3801 Germantown Pike in Collegeville PA, to do an appraisal of a home in St. Petersburg, Florida. I performed the appraisal and delivered the completed report in July 2008. It is now October 2008 and I have not received payment. I have called many times and left many messages requesting payment. I have also e-mailed them requesting payment. They have not responded. The owner of the home that I appraised even paid them to have an appraisal performed. Lee Austin of Precision Plus guaranteed me payment verbally and in writing. I have left many messages for Lee and also for Jim Bissel the founder and president of the company. Of course they never answer the phone - all calls go straight to voice mail. This company is part of the problem in this country. The home owner paid them hard earned money. What they have done is stealing. I consider Precision Plus Financial Services thieves!! If you live or work in the Collegeville, PA area I urge you to be wary of this company.

David Miller, Realtor/Appraiser serving St. Petersburg, FL and the Tampa Bay Area.

La Puerta Del Sol Condominiums

David Miller - Florida Appraiser & Realtor (David Miller Realty, Inc.) — Sat, 11 Oct 2008 06:35:03 -0500

La Puerta Del Sol condominiums are located on Isla Del Sol, which is an island in Boca Ciega Bay in southern St. Petersburg, Florida. Many of the condominium units have a beautiful view of Boca Ciega Bay. Some of the units have a view of the Isla Del Sol golf course. There is an in-ground pool which provides a view of the bay. The Gulf of Mexico and it's sandy beaches are located a short drive away, including Fort De Sota Park which was named the nation's best beach in 2005. It also is just minutes from downtown St. Petersburg, which is home to the Tampa Bay Rays.

La Puerta Del Sol condominiums consists of 278 units built in 1978. The units range in size from 960 square feet to 1588 square feet (There is one unit that is 2362 square feet which may be two units combined as one).

There are currently (as of 10/11/2008) 19 units in La Puerta Del Sol listed on the local multiple listing service for sale ranging is price from $189,900 tp $400,000. In 2008 there have been four units reported as sold on the local multiple listing service ranging in sales price from $200,000 to $305,000.

David Miller, Realtor/Appraiser serving St. Petersburg, FL and the Tampa Bay Area.

5720 13th Ave N # 305 B St. Petersburg, FL 33710

David Miller - Florida Appraiser & Realtor (David Miller Realty, Inc.) — Sun, 20 Jul 2008 10:12:45 -0500

Move-in condition condo $59,900.

Illness forces sale. Owner wants offer. Price has been reduced. 3rd floor unit near elevator. 850 square feet one bedroom, one bath. Keep your car cool in the summer with the shady carport that is included with this unit. Updated bathroom! New tile floor in kitchen and bathroom, new tile around bathtub and sink, new sink and cabinet, new toilet, new medicine cabinet, custom made vertical blinds, tinted windows, ceiling fans, newer interior paint. A/C compressor replaced 12/2004 (Trane). New Air Handler. Also included is an approximately 140 square foot enclosed Florida room overlooking the courtyard. Carport included. Convenient to shopping and the beaches. This is a 55 plus community. Maintenance/Land Fee total is $228.92 Furniture negotiable.

6303 N 19th Street Tampa, FL 33610

David Miller - Florida Appraiser & Realtor (David Miller Realty, Inc.) — Sun, 20 Jul 2008 08:25:28 -0500

3 Bedroom, 2 Bath Home with Garage - Move-in Condition - Great Price $124,900

Move-in condition 3 bedroom 2 bath 1218 square feet, 1 car garage home with new central a/c, new roof, new lawn, new fence, freshly painted interior and exterior, wood laminate flooring, screen porch. This home is clean and ready for a new home owner. Possible owner financing. Possible lease option.

Real Estate Appraisals for Probate and Estate Settlement

David Miller - Florida Appraiser & Realtor (David Miller Realty, Inc.) — Sat, 21 Jun 2008 18:11:25 -0500

Probate is the process of establishing the validity of a will and often involves appointing a personal representative. Probate is basically a court-supervised transfer of title of an asset. Probate is used to assign assets, pay debts and expenses, and then to distribute the estate to heirs and beneficiaries. Typically there are a number of parties interested in the disposition of the estate. Commonly these are family members, the surviving spouse, beneficiaries, creditors and the personal representative, also referred to as the administrator or executor for the estate.

Settling an estate will often times involve Real Estate and the big question is - What is the Real Estate Worth? Administers of estates, attorneys, accountants, beneficiaries, as well as other entities and individuals rely on the services of local, professional, State-Certified Real Estate Appraisers to provide an opinion of value. Often times this value is to be as of the date of death which would require the appraiser to be versed on the requirements of performing a Retrospective Appraisal. This type of appraisal has an effective date of the appraisal prior to the current date as well as prior to the date of the report. An appraisal report should also meet the requirements of the Uniform Standards of Professional Appraisal Practice (USPSP).

Having a professional appraisal report performed by a local State-Certified Real Estate Appraiser that is familiar with the area and that meets the requirements of the Uniform Standards of Professional Appraisal Practice gives the administer/executor a credible value to present to all parties involved.

David Miller, Realtor/Appraiser serving St. Petersburg, FL and the Tampa Bay Area.

PMI Removal Appraisals

David Miller - Florida Appraiser & Realtor (David Miller Realty, Inc.) — Thu, 19 Jun 2008 11:52:45 -0500

What is PMI?

Private Mortgage Insurance or PMI is an insurance policy for the lender. It is additional money built in to a borrower's monthly mortgage payment which insures the lender against loss if the borrower defaults on the mortgage loan. It is generally required by a lender if a borrower makes a down payment of less than 20% when they purchase their home. This additional money paid each month can add up to thousands of dollars over the course of the loan.

How do I know if I am paying PMI?

It should be noted in your monthly mortgage statement. If not you should contact your lender or mortgage servicer.

Can I have PMI removed?

In many cases the answer is yes. Once you determine that you are paying PMI you must contact your lender and inquire as to what requirements are needed to remove PMI. Generally what is needed is for your home to be valued at more than 80% of the loan amount. Different lenders have different guidelines or requirements for PMI removal. Some require good payment history.

How do I know if my home is worth more than 80% of the loan amount?

The lender generally requires that an appraisal be performed by a local State-Certified Real Estate Appraiser. It is important that you contact your lender before having an appraisal performed since some lenders have a list of appraisers that are approved by their company. Generally the lender will allow the home owner to choose an appraiser. It is important that you select an experienced appraiser that works in and is familiar with your area and that has a State Certification.

How much will I save?

Once you determine the amount of your monthly PMI payment multiply it by how many payments you have left to find out how much you will pay over the remaining life of the loan. Compare this total amount with the one time cost of an appraisal. The savings from having PMI removed will most likely pay for the cost of an appraisal many times over and save you thousands of dollars.

David Miller, Realtor/Appraiser serving St. Petersburg, FL and the Tampa Bay Area.

Sheryl Manor Neighborhood St. Petersburg, FL What would your Sheryl Manor home sell for?

David Miller - Florida Appraiser & Realtor (David Miller Realty, Inc.) — Mon, 16 Jun 2008 10:47:24 -0500

Certainly many factors come into play to determine what your home will sell for. Some of these factors are;

condition

updates or lack of updating

curb appeal

view

square footage

amenities such as a pool

garage

location within the subdivision

functionality - many buyers prefer a split plan home

the condition of neighboring properties

the state of the Real Estate market

the consideration of what other homes have sold or are for sale in the neighborhood

the motivation of individual buyers and sellers

as well as other factors.

These are some of the factors that help determine what a home sells for.

Below are Real Estate statistics on Sheryl Manor for the period of 01/01/2008 to 06/16/2008. These numbers will not tell you precisely what your home will sell for but it will provide you with basic data on the neighborhood.

Number of homes currently listed for sale: 21

Number of homes sold since 01/01/2008: 15

Number of homes under contract: 9

Number of expired listings: 10

Number of withdrawn listings: 10

Average list price of active listings: $219,000.

Average sold price: $162,000.

Average sold price per square foot: $128 per square foot

Average Days On Market for active listings: 108

Average Days On Market for sold properties: 73

Information provided by David Miller Realty.

St. Petersburg, FL.What are the sales trends in the Holiday Park Neighborhood of St. Petersburg, FL?

David Miller - Florida Appraiser & Realtor (David Miller Realty, Inc.) — Sun, 15 Jun 2008 18:08:54 -0500

Below is information on the sales history of homes sold in Holiday Park showing the average sold price, the number of homes sold and the average days on market (DOM).

Year Average Sold Price Number of Homes Sold DOM

2008 $214,000 7 69

2007                            $253,000                                              19                                                85

2006                            $276,000                                             13                                                51

2005                            $258,000                                               27                                                41

2004                            $217,000                                               29                                                38

2003                             $164,000                                            26                                                54

Information provided by David Miller Realty.

Holiday Park Neighborhood St. Petersburg, FL: Market update 06/15/2008

David Miller - Florida Appraiser & Realtor (David Miller Realty, Inc.) — Sun, 15 Jun 2008 17:42:17 -0500

The local MLS reported the sale of 6486 31st Ave N for $225,000 on 06/02/2008. This is a 1990 square foot 4 bedroom, 3 bath, 2 car garage home. The local MLS also reported the sale of 6253 22nd Ave N for $220,000 on 05/30/2008. This is a 1426 square foot 3 bedroom, 2 bath, 2 car garage home.

There are currently two homes under contract in the neighborhood. There are currently 20 homes listed on the local MLS for sale in Holiday Park ranging in price from $179,900 to $330,000.

Pictured below are two of the homes for sale in Holiday Park.

The Holiday Park neighborhood is north of 22^nd avenue north, south of 34^th avenue north, east of 66th street and west of 62^nd street. Holiday Park Neighborhood Association is open to residents of Holiday Park.

The local MLS reported 7 sales in the neighborhood since the beginning of 2008 ranging in price from $153,000 to $329,00.

Sheryl Manor Neighborhood St. Petersburg, FL: Market update 06/15/2008

David Miller - Florida Appraiser & Realtor (David Miller Realty, Inc.) — Sun, 15 Jun 2008 15:48:43 -0500

The local MLS reported the sale of 6148 37th Ave N for $225,000 on 05/21/2008. This is a 1522 square foot 3 bedroom, 2 bath, 1 car garage home with a pool. The local MLS also reported the sale of 3680 61st St N for $199,000 on 05/16/2008. This is a 1260 square foot 2 bedroom, 1 bath, 1 car garage home with a pool.

There are nine other homes currently under contract in the neighborhood. There are currently 21 homes listed on the local MLS for sale in Sheryl Manor ranging in price from $99,999 to $289,900.

Pictured below are two of the homes for sale in Sheryl Manor.

The square footage of the homes range from 700 square feet to 3832 square feet with the predominant size being in the 1000 to 1800 square foot range. A large majority of the homes are concrete block construction and have attached garages. Approximately a quarter of the homes have pools. A majority of the homes are located on lots that are less than ¼ of an acre.

The Sheryl manor neighborhood is north of 22^nd avenue north, south of 38^th avenue north, east of 62^nd street and west of 58^th street.

The local MLS reported 15 sales in the neighborhood within the past six months ranging in price from $113,600 to $225,00.

What are the sales trends in the Sheryl Manor Neighborhood of St. Petersburg, FL?

David Miller - Florida Appraiser & Realtor (David Miller Realty, Inc.) — Mon, 07 Apr 2008 09:14:54 -0500

Below is information on the sales history of homes sold in Sheryl Manor showing the average sold price, the number of homes sold and the average days on market (DOM).
Year             Average Sold Price              Number of Homes Sold                           DOM
2003                   $139,000                                          52                                              42
2004                   $160,000                                          39                                              46
2005                  $209,000                                          55                                              34
2006                   $237,000                                          30                                              50
2007                   $198,000                                          32                                            104

Information provided by David Miller Realty.

Holiday Park Neighborhood St. Petersburg, FL: Market update 04/05/2008

David Miller - Florida Appraiser & Realtor (David Miller Realty, Inc.) — Sat, 05 Apr 2008 20:40:23 -0500

The local MLS reported the sale of 2763 64^thSt N for $213,000 on 04/01/2008. This is a 1492 square foot 3 bedroom, 2 bath, 1 car garage home. There is one home currently under contract in the neighborhood. There are currently 23 homes listed on the local MLS for sale in Holiday Park ranging in price from $156,000 to $339,000.
Pictured below are some of the homes for sale in Holiday Park.

The St. Petersburg neighborhood of Holiday Park consists of approximately 714 single family homes built primarily in the 1950's and 1960‘s. The homes in this neighborhood are well maintained. The neighborhood is close to Northwest Park and J. W. Cate Recreation Center. Some of the activities available to residents are baseball, soccer, tennis, gymnastics, karate, cheerleading, basketball, volleyball, dance and swimming. The neighborhood is within walking distance to Tyrone Elementary and Middle Schools. The area is close to employment, shopping, medical facilities and other support services.
The square footage of the homes range from 936 square feet to 3217 square feet with the predominant size being in the 1000 to 2000 square foot range. A large majority of the homes are concrete block construction and have attached garages. A majority of the homes are located on lots that are less than ¼ of an acre.
The Holiday Park neighborhood is north of 22^nd avenue north, south of 34^th avenue north, east of 66th street and west of 62^nd street. Holiday Park Neighborhood Association is open to residents of Holiday Park.
Information provided by David Miller Realty.

Sheryl Manor Neighborhood St. Petersburg, FL: Market update 04/05/2008

David Miller - Florida Appraiser & Realtor (David Miller Realty, Inc.) — Sat, 05 Apr 2008 20:13:30 -0500

Two homes came on the market this week in Sheryl Manor. There are six homes currently under contract in the neighborhood. There are 21 homes listed on the local MLS for sale in Sheryl Manor ranging in price from $144,500 to $299,900.
Pictured below are some of the homes for sale in Sheryl Manor.

The St. Petersburg neighborhood of Sheryl Manor consists of approximately 915 single family homes built primarily in the 1960‘s. The homes in this neighborhood are well maintained. The neighborhood is close to Northwest Park and J. W. Cate Recreation Center. Some of the activities available to residents are baseball, soccer, tennis, gymnastics, karate, cheerleading, basketball, volleyball, dance and swimming. The area is close to employment, shopping, medical facilities and other support services.
The square footage of the homes range from 700 square feet to 3832 square feet with the predominant size being in the 1000 to 1800 square foot range. A large majority of the homes are concrete block construction and have attached garages. Approximately a quarter of the homes have pools. A majority of the homes are located on lots that are less than ¼ of an acre.
The Sheryl manor neighborhood is north of 22^nd avenue north, south of 38^th avenue north, east of 62^nd street and west of 58^th street.
Information provided by David Miller Realty.

Real Estate Terminology of the Day: Gentrification

David Miller - Florida Appraiser & Realtor (David Miller Realty, Inc.) — Sat, 05 Apr 2008 09:47:30 -0500

Today's Real Estate Term is Gentrification

Gentrification is the renovation of deteriorated urban neighborhoods by middle and upper income people which typically results in higher property values but displaces low income families due to higher rents and rising prices. Often times this includes the conversion of rental properties to condominiums and results in an increase in home ownership and a decrease in rental properties.

Real Estate Terminology provided by David Miller Realty.

Real Estate Terminology of the Day: Legal Nonconforming Use

David Miller - Florida Appraiser & Realtor (David Miller Realty, Inc.) — Fri, 04 Apr 2008 08:27:42 -0500

Today's Real Estate Term is Legal Nonconforming Use

A nonconforming use of property is a use that does not conform to the current zoning ordinance of a municipality. If the property was a legal use prior to the adoption of a new zoning ordinance or regulation then the use is considered to be a Legal Nonconforming use. This legal use of a property that does not meet current zoning regulations is often referred to as being Grandfathered.

An example would be a single family residence located on a 6000 square foot lot that was constructed legally according to the zoning ordinance at the time of construction. If a new zoning ordinance is passed after construction of the home requiring lots to be 7500 square feet, this would result in the property still being legal but not conforming to the new zoning ordinance.

Real Estate Terminology provided by David Miller Realty.

Real Estate Terminology of the Day: Sales Comparison Approach.

David Miller - Florida Appraiser & Realtor (David Miller Realty, Inc.) — Thu, 03 Apr 2008 14:53:17 -0500

Today's Real Estate Term is Sales Comparison Approach.

The sales comparison approach to value is utilized by real estate appraisers when estimating the value of a particular property. This approach is considered the most reliable indicator of the market and is the primary method used by real estate appraisers. This approach to value compares similar properties that have sold recently to the property being appraised, which is called the Subject Property. It is preferable to use properties for comparison that are similar in size, age and appeal to the subject property.

The sold properties that are selected to compare to the subject property are called Comparables. The selection of which properties to use is as comparables is an important aspect of the appraisal process.

Some of the comparative features that appraisers consider when selecting comparable properties are:

Property rights appraised

Conditions of the sale

Financing Terms

Market Conditions

Motivation of buyers and sellers

Location

View

Size and utility of the land

Physical features

Quality of construction

Size and functionality of the improvements

Age or Effective Age of the improvements

Condition of the property

Design or Style of the property

Appeal of the property

Amenities

Zoning

After comparing each sale to the subject property and making dollar and/or percentage adjustments to individual features the appraiser will have an adjusted sale price for each comparable. These adjusted sales prices are evaluated and weighted and provide the appraiser with a basis for estimating the value of the subject property.

Other approaches to value utilized by real estate appraisers include the Cost approach and the Income approach.

Real Estate Terminology provided by David Miller Realty.