NOT LISTED FOR SALE

416 40th St E Palmetto, FL 34221

West Ellenton Neighborhood

Estimated Value: $295,855 - $430,000

2 Beds
2 Baths
1,944 Sq Ft
$184/Sq Ft Est. Value

Last Sold December 31, 2021

Last sale price $310,000 $159 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $2,328/month

8 Days on Market

About This Home

As of December 2021

Turn-key cashflow! Both units are spacious 2 bedroom/ 2 bathroom with central HVAC and individual W/D hookups. Property has been well maintained with long term tenants in place. High demand area-- excellent location in close proximity to Manatee beaches and easy access to I275. Downtown St Petersburg is literally 20 minutes away just over the Skyway Bridge! Each unit has 2 designated off-street parking spots on paved parking area. Rents for identical units across the street support a market rent of $1250/mo in current condition. Remodeled units have even greater revenue potential.

Last Agent to Sell the Property

Bennett Andrews

BANYAN RESIDENTIAL GROUP, LLC License #3253871 Listed on: 11/16/2021

Co-Listed By

John Gardepe

BANYAN RESIDENTIAL GROUP, LLC License #3503174

Last Buyer's Agent

Diane Munton

EQUITY CENTRAL FLORIDA RE. LLC License #3493187

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,163

Year Built

  • Built in 1981

Lot Details

  • 9,627

Home Design

  • 1,944 Sq Ft Home
  • Duplex
  • Slab Foundation
  • Shingle Roof
  • Block Exterior

Additional Features

  • Laundry in unit
  • 9,627 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • 2 Units
  • Palmetto Country Club Estates Community
  • Palmetto Country Club Estates First Unit Subdivision

Listing and Financial Details

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,163

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 1944
  • Lot Size Acres: 0.22
  • New Construction: No
  • Year Built: 1981
  • Lot Size Sq Ft: 9627
  • Directions to Property: From 39th St E turn right on 3rd Ave Dr E. Turn right on 40th St E, go to site.
  • Status: Sold
  • Street Post Direction: E
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/U8143419?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/U8143419?w=Customer
  • Unit Count: 1
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 1.0881
  • Price per Sq Ft: 159.47
  • Close to Original List Price Ratio: 1.0881
  • View: No
  • Co List Office Mls Id: 260033402
  • Co List Office Phone: 727-324-9274
  • Ownership: Fee Simple
  • Tax Year: 2020
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Interior Amenities: Other
  • Foundation Details: Slab
  • Street Number Modifier: 416
  • Number Of Buildings: 1

Exterior Features

  • Exterior Features: Other
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Asphalt
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Flood Zone Panel: 12081C0166F
  • Disclosures: None

Garage/Parking

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

Utilities

  • Utilities: Public
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Zoning: RSF6
  • Parcel Number: 2279100123
  • Additional Parcels: No
  • Flood Zone Code: X
  • Flood Zone Date: 2021-08-10

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2163
  • Tax Block: 3
  • Tax Book Number: 4-68
  • Tax Lot: 56

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 16, 2021
Closed on
Dec 29, 2021
Sold by
Big Tucker Holdings Llc
Bought by
Brown Madison
Seller's Agent
Bennett Andrews
BANYAN RESIDENTIAL GROUP, LLC
Buyer's Agent
Diane Munton
EQUITY CENTRAL FLORIDA RE. LLC
List Price
$284,900
Sold Price
$310,000
Premium/Discount to List
$25,100
8.81%
Current Estimated Value
$360,144

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,144
Avg. Annual Appreciation
5.65%
Original Mortgage
$260,000
Outstanding Balance
$242,057
Interest Rate
3.11%
Mortgage Type
New Conventional
Estimated Equity
$136,012

Purchase Details

Closed on
Sep 9, 2021
Sold by
Boozer Terry L and 40Th St East Trust
Bought by
Big Tucker Holdings Llc

Purchase Details

Closed on
Apr 30, 2015
Sold by
Boozer Terry L and Boozer Pamella
Bought by
Boozer Terry L and The 40Th St East Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,950
Interest Rate
3.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 9, 2010
Sold by
Boozer Terry L and Boozer Pamella S
Bought by
40Th St East Trust

Purchase Details

Closed on
Oct 25, 2002
Sold by
Brano Frank J and Brano Patricia
Bought by
Boozer Terry L and Boozer Pamella S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,950
Interest Rate
6.21%

Purchase Details

Closed on
Mar 28, 1997
Sold by
Conlin Richard G and Conlin Ursula A
Bought by
Brano Frank J and Brano Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,500
Interest Rate
7.69%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Brown Madison $310,000 American National Title Llc
Big Tucker Holdings Llc $930,000 American National Title Llc
Boozer Terry L -- None Available
Boozer Terry L -- None Available
40Th St East Trust -- None Available
Boozer Terry L $85,500 --
Brano Frank J $85,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brown Madison $260,000
Previous Owner Boozer Terry L $139,950
Previous Owner Boozer Terry L $150,000
Previous Owner Boozer Terry L $124,000
Previous Owner Boozer Terry L $76,950
Previous Owner Brano Frank J $76,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/31/2021 12/31/21 Sold $310,000 +8.8% $159 / Sq Ft
11/23/2021 11/23/21 Pending -- -- --
11/15/2021 11/15/21 For Sale $284,900 -- $147 / 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
2024 $4,268 $282,389 $39,950 $242,439
2023 $4,369 $285,310 $39,950 $245,360
2022 $2,253 $276,794 $25,000 $251,794
2021 $2,163 $161,029 $25,000 $136,029
2020 $2,150 $156,132 $25,000 $131,132
2019 $1,951 $138,930 $15,000 $123,930
2018 $1,678 $107,446 $9,900 $97,546
2017 $1,256 $65,000 $0 $0
2016 $1,264 $65,000 $0 $0
2015 $1,420 $65,000 $0 $0
2014 $1,420 $74,997 $0 $0
2013 $1,476 $78,000 $8,100 $69,900
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2021

    Bennett Andrews

    BANYAN RESIDENTIAL GROUP, LLC

    (727) 385-5586

    2 in this area

    40 Total Sales

    Section Image

  • J

    Seller Co-Listing Agent in 2021

    John Gardepe

    BANYAN RESIDENTIAL GROUP, LLC

    (570) 228-1444

    2 in this area

    22 Total Sales

    Section Image
  • Diane Munton

    Buyer's Agent in 2021

    Diane Munton

    EQUITY CENTRAL FLORIDA RE. LLC

    (321) 989-4800

    1 in this area

    25 Total Sales

    Section Image
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Map

Source: Stellar MLS

MLS Number: U8143419

Stellar MLS

APN: 22791-0012-3

Florida Manatee County Palmetto 34221 West Ellenton

416 40th St E, Palmetto, FL

This home is located at 416 40th St E, Palmetto, FL 34221 since 16 November 2021 and is currently estimated at $358,464, approximately $184 per square foot. This property was built in 1981. 416 40th St E is a home located in Manatee County with nearby schools including Palm View Elementary School, Palmetto High School, and Lincoln Memorial Academy.

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

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