This Bank-Owned property is showing "pending sale" with an expected closing date of October 25th. It was pending sale and then came back on the market on Sept 15th. Did you make an offer on it?
I haven't seen the house but on paper this looks like a spectacular bargain. It does note that they were only considering "ALL CASH" buyers so there are very likely some "condition" issues that may not allow it to get financing. There is an FHA 203K and 203KS mortgage that allows a buyer to include repair costs in the mortgage and the repairs are done "after" closing but in Tampa the FHA maximum loan amount is $292,5t00 and it normally takes about 60 days to close. This house is above the FHA limit so perhaps that is why they were requiring an ALL CASH buyer.
You're welcome to sign up for a listingbook account on my website and you can get instant notification of properites just like this. It's especially important to get notified when a property comes "back on the market", too so you do not miss out on opportunities like this one.
All my best,
Alma Rose Kee
Future Home Realty