NOT LISTED FOR SALE

202 7th Ave W Unit A Palmetto, FL 34221

Estimated Value: $523,000 - $627,000

3 Beds
1 Bath
3,216 Sq Ft
$183/Sq Ft Est. Value

Last Sold December 02, 2022

Last sale price $655,000 $204 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $3,906/month

Highlights

  • River Access
  • Cooling System Mounted To A Wall/Window
  • No Heating
  • No HOA

About This Home

As of December 2022

INVESTOR ALERT! LOCATION, LOCATION, LOCATION! Less than one block from the water! Value add investor special, Quadplex - each unit is a 3bd/1ba. Huge upside potential - rents can be $1,750-$1950. All units are currently occupied, on a month-to-month term. Laundry hook-up. Quality professional management in place. Showings by appointment only.
Current rents are:
202 Unit A- $815
202 Unit B- $680
204 Unt A- $705
204 Unit B- $740

Last Agent to Sell the Property

Joleisy Machado-Gonzales

RELAX REALTY GROUP INC License #3346195 Listed on: 10/18/2022

Last Buyer's Agent

Randy Buff

COASTAL CONNECTION REALTY License #3389939

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,800

Year Built

  • Built in 1970

Lot Details

  • 0.31

Home Design

  • 3,216 Sq Ft Home
  • Quadruplex
  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Bathroom

Utilities

  • Cooling System Mounted To A Wall/Window
  • No Heating

Additional Features

  • River Access
  • 0.31 Acre Lot

Community Details

  • No Home Owners Association
  • 2 Buildings
  • 4 Units
  • Laughlins Community
  • Laughlin Add Continued Subdivision

Listing and Financial Details

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,800

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Construction Materials: Brick
  • Fireplace: No
  • Living Area: 3216
  • Lot Size Acres: 0.31
  • New Construction: No
  • Year Built: 1970
  • Lot Size Sq Ft: 13639
  • Status: Sold
  • Street Post Direction: W
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4550197?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4550197?w=Customer
  • Unit Count: 1
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 1.048
  • Price per Sq Ft: 203.67
  • Close to Original List Price Ratio: 1.048
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Interior Amenities: Ninguno
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Number Of Buildings: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Exterior Features: Other
  • Roof: Shingle
  • Pool Private: No
  • Water Body Name: Manatee River
  • Waterfront: No
  • Road Surface Type: Asphalt
  • Water Access: River
  • Water View Y N: No
  • Water Access Y N: Yes
  • Water Extras Y N: No
  • Flood Zone Panel: 12081C0164F

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Cooling: Wall/Window Unit(s)
  • Heating: None
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: No

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Zoning: RM6
  • Parcel Number: 3109410005
  • Additional Parcels: No
  • Flood Zone Code: AE
  • Flood Zone Date: 2021-08-10
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 3800
  • Tax Block: C
  • Tax Book Number: 1-297
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2022
Closed on
Dec 2, 2022
Sold by
M2re Partners Llc
Bought by
R Bringman Investments Inc
Seller's Agent
Joleisy Machado-Gonzales
RELAX REALTY GROUP INC
Buyer's Agent
Randy Buff
COASTAL CONNECTION REALTY
List Price
$625,000
Sold Price
$655,000
Premium/Discount to List
$30,000
4.8%
Views
1
Current Estimated Value
$587,422

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$67,578
Avg. Annual Appreciation
-3.69%
Original Mortgage
$524,000
Outstanding Balance
$508,647
Interest Rate
7.08%
Mortgage Type
New Conventional
Estimated Equity
$78,775

Purchase Details

Listed on
Oct 18, 2022
Closed on
Oct 13, 2022
Sold by
Schanz Dean A and Schanz Sharon Kay
Bought by
M2re Partners Llc
Seller's Agent
Joleisy Machado-Gonzales
RELAX REALTY GROUP INC
Buyer's Agent
Randy Buff
COASTAL CONNECTION REALTY
List Price
$625,000
Sold Price
$655,000
Premium/Discount to List
$30,000
4.8%
Views
1

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$524,000
Outstanding Balance
$508,647
Interest Rate
7.08%
Mortgage Type
New Conventional
Estimated Equity
$78,775

Purchase Details

Closed on
Feb 28, 1997
Sold by
Ellenton Land Co
Bought by
Schanz Dean A and Schanz Sharon K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
7.91%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
R Bringman Investments Inc $655,000 Barnes Walker Title
M2re Partners Llc $435,000 --
Schanz Dean A $95,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open R Bringman Investments Inc $524,000
Previous Owner M2re Partners Llc $400,000
Previous Owner Schanz Dean A $85,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/02/2022 12/02/22 Sold $655,000 +4.8% $204 / Sq Ft
10/19/2022 10/19/22 Pending -- -- --
10/19/2022 10/19/22 For Sale $625,000 -- $194 / Sq Ft
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,894 $475,759 $45,900 $429,859
2024 $9,894 $475,759 $45,900 $429,859
2023 $10,190 $486,506 $45,900 $440,606
2022 $4,382 $210,033 $45,000 $165,033
2021 $3,800 $169,242 $45,000 $124,242
2020 $3,717 $163,327 $45,000 $118,327
2019 $3,504 $157,425 $42,500 $114,925
2018 $3,203 $136,904 $24,000 $112,904
2017 $2,827 $120,000 $0 $0
2016 $2,551 $96,000 $0 $0
2015 $2,439 $96,000 $0 $0
2014 $2,439 $91,844 $0 $0
2013 $2,583 $98,557 $17,750 $80,807
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    Joleisy Machado-Gonzales

    RELAX REALTY GROUP INC

    (941) 915-9251

    1 in this area

    18 Total Sales

    Joleisy Machado-Gonzales
    Section Image
  • Randy Buff

    Buyer's Agent in 2022

    Randy Buff

    COASTAL CONNECTION REALTY

    (941) 896-9991

    2 in this area

    128 Total Sales

    Randy Buff
    Section Image
See All Agents

Map

Source: Stellar MLS

MLS Number: A4550197

Stellar MLS

APN: 31094-1000-5

Florida Manatee County Palmetto 34221

202 7th Ave W Unit A, Palmetto, FL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

Nearby Homes