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5036 SPRING RUN AVENUE

House For Sale
$275,000

BTC: 3.59195402

ETH: 122.22222222

2 days
4 bds
2 ba
1,592 sqft

Overview

Investor Special! The home will be hard to insure or finance in its current condition, so CASH OFFERS ONLY. Sale is subject to court approval, 30-45 days to close. Bring your contractor & your vision to this 4 bedroom, 2.5 bath, 1,682 sq ft 2 story home w/ a 2 car garage on an over 3/4 acre lot on Spring Run Ave in Shadow Bay Springs, in the heart of the Dr. Phillips area. The location & the land are the value here. Lots this size are hard to find in this area, w/ a large open yard & plenty of room to spread out. Please note: a utility tower w/ overhead power lines sits on a separately owned parcel carved out of the lot & is not part of the sale. Buyer to review any recorded easements. The home needs a full renovation down to the studs & is being sold as is. The roof, plumbing, windows, electrical & interior all need work, so plan for a complete rebuild of the inside. A few big items are already done: the central AC inside & outside units were replaced, the water main to the house is NEW & a NEW concrete block retaining wall was added out front. Finished homes in this area sell quickly, so this is a chance to buy in at the right price & build equity. The HOA is only $165 per year. Public water & septic. Zoned for Palm Lake Elementary, Chain of Lakes Middle & Olympia High. Minutes from Restaurant Row on Sand Lake Rd, I-4, the theme parks & shopping.

Location

Details

Type:
Residential
Parking:
No Data
Year Built:
1988
Lot:
0.77 Acres
Heating:
Central / Electric
Price/sqft:
$173
Cooling:
Central Air
HOA:
$165

Valuation

Our model vs. what's actually selling nearby.
Estimate
$368,000
$312K – $455K
Confidence Low
List vs. estimate
$93K below estimate
List $275,000 · -25.3%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$172
-32.9% vs. city median $257
Based on
6 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$2,871
2025
HOA
$165/yr
Garage
2 car garage
Furnished
Negotiable
Pets
Allowed
All facts and features
  • Flooring

    • Carpet

    • Vinyl

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

    Appliances

    • Cooktop

    • Range

    • Refrigerator

    Other interior features

    • Cathedral Ceiling(s)

    • Ceiling Fan(s)

    • Primary Bedroom Main Floor

    Bedrooms and bathrooms

    • Bedrooms: 4

    • Bathrooms: 1

    • Full bathrooms: 2

  • Property

    • Levels: Two

    • Exterior Features: Sidewalk

    Lot

    • Lot: 0.77 Acres

    Other Property Information

    • Parcel Number: 142328794400110

    • Zoning: R-1AA

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • Cable Available

    • Electricity Available

    • Sewer Connected

  • Other financial information

    • HOA: $165

    • HOA Frequency: Annually

    • Annual tax amount: $2,871

  • Source details

    • MLS ID: S5160581

    Other facts

    • Construction Materials: Wood Frame

    • Foundation Details: Slab

    • Laundry Features: In Garage

    • Lot Features: Sidewalk

    • Direction Faces: East

    • Garage Spaces: 2

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 1592

    • Water Source: Public

    • Subdivision Name: SHADOW BAY SPGS

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: RE/MAX INNOVATION