Seller's Agent in 2023
Adrian Alanis
THE ORANGE REAL ESTATE GROUP
(941) 500-4091
115 Total Sales
507 Rye Rd E Bradenton, FL 34212
Estimated Value: $445,000 - $689,571
2
Beds
2
Baths
1,617
Sq Ft
$371/Sq Ft
Est. Value
Highlights
- 100 Feet of Waterfront
- Oak Trees
- Home fronts a creek
- Gene Witt Elementary School Rated A-
- Above Ground Spa
- View of Trees or Woods
About This Home
As of January 2023This absolutely stunning log cabin home is situated on 5 acres and surrounded by lush green landscaping and has been well manicured and maintained, this property is zoned to have 3 houses per acre with 2 main gated entrances right on Rye Rd which provides many options for further land use. Previously used as a wedding reception rental business and fabulous short term vacation rental (Air Bnb), it would make a prime investment for many years to come! Off the back you will find the brilliant covered deck with multiple spots to grill out with family, drink your coffee in the morning and take in the outdoor wonderland and all of the wildlife that is right outside your door. The property has a utility shed, chicken coop, goat corral, an incredible greenhouse with integrated irrigation and a two car garage that could be enclosed as it is under ventilation (window unit). A covered front porch takes you to the front door where you will find an oversized family room accented with high ceilings and hardwood flooring throughout, the bonus sitting area has extra large windows bringing in pristine natural lighting and would make a perfect converted 3rd bedroom, reading nook or in-home office space. Down the hall, find the formal dining room with built-ins galore and a beautifully updated downstairs bathroom with solid surface countertops, vinyl flooring, recessed lighting and a grand custom tile stand alone shower. To the right there is the completely remodeled eat-in dream kitchen featuring shaker style cabinets, farmhouse sink, stone surface and butcher block countertops, stylish backsplash and fixtures, stainless steel appliances, a center island with built-in wine cooler, vinyl flooring and a massive breakfast bar with ample space for entertaining while you cook a nice meal with friends. There is a convenient indoor laundry area right off the kitchen which has a stackable washer and dryer. Upstairs you will find two spacious bedrooms and one shared bathroom with big windows and so much character! Centrally located where you are close to the city but still can enjoy the rural lifestyle, only 45 minutes from local beaches. You do not want to miss out on this once in a lifetime opportunity!
Last Agent to Sell the Property
THE ORANGE REAL ESTATE GROUP License #3297706 Listed on: 06/24/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,617
Year Built
- Built in 1980
Lot Details
- 5 Acre Lot
- Home fronts a creek
- 100 Feet of Waterfront
- Dirt Road
- Near Conservation Area
- West Facing Home
- Mature Landscaping
- Oak Trees
Parking
- 2 Car Garage
Property Views
- Woods
- Creek or Stream
Home Design
- Bi-Level Home
- Shingle Roof
- Log Siding
Interior Spaces
- 1,617 Sq Ft Home
- High Ceiling
- Ceiling Fan
- Window Treatments
- French Doors
- Sliding Doors
- Separate Formal Living Room
- Crawl Space
Kitchen
- Eat-In Kitchen
- Built-In Oven
- Cooktop with Range Hood
- Microwave
- Dishwasher
- Solid Surface Countertops
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry in unit
- Dryer
- Washer
Outdoor Features
- Above Ground Spa
- Access To Creek
- Balcony
- Deck
- Patio
- Outdoor Storage
- Rain Gutters
- Porch
Schools
- Gene Witt Elementary School
- Carlos E. Haile Middle School
- Lakewood Ranch High School
Utilities
- Central Heating and Cooling System
- Well
Community Details
- No Home Owners Association
- Acreage & Unrec Subdivision
- Greenbelt
Listing and Financial Details
- Homestead Exemption
- Visit Down Payment Resource Website
- Assessor Parcel Number 562310011
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 24, 2022
Closed on
Jan 27, 2023
Sold by
Korman Tyler
Bought by
Schutte Pierre and Schutte Catherine Lee
Seller's Agent
Adrian Alanis
THE ORANGE REAL ESTATE GROUP
Buyer's Agent
Diane Vecchio
REALTY ONE GROUP MVP
List Price
$799,000
Sold Price
$750,000
Premium/Discount to List
-$49,000
-6.13%
Views
12
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$149,357
Avg. Annual Appreciation
-7.84%
Original Mortgage
$535,000
Outstanding Balance
$518,153
Interest Rate
6.31%
Mortgage Type
New Conventional
Estimated Equity
$82,490
Purchase Details
Closed on
Sep 17, 2018
Sold by
Korman Tyler and Korman Christina
Bought by
Korman Tyler
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,500
Interest Rate
4.6%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 20, 2015
Sold by
Fannie Mae
Bought by
Korman Tyler and Korman Christina
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
3.79%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 11, 2013
Sold by
Ramthun Elmer J
Bought by
Federal National Mortgage Association
Purchase Details
Closed on
Jun 27, 1997
Sold by
Camp Carol S
Bought by
Ramthun Elmer J and Ramthun Patricia A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,500
Interest Rate
7.93%
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Schutte Pierre | $750,000 | Properties Title | |
| Korman Tyler | -- | Attorney | |
| Korman Tyler | $185,000 | None Available | |
| Federal National Mortgage Association | -- | Attorney | |
| Ramthun Elmer J | $155,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Schutte Pierre | $535,000 | |
| Previous Owner | Korman Tyler | $141,500 | |
| Previous Owner | Korman Tyler | $148,000 | |
| Previous Owner | Ramthun Elmer J | $139,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/30/2023 01/30/23 | Sold | $750,000 | -6.1% | $464 / Sq Ft |
| 12/10/2022 12/10/22 | Pending | -- | -- | -- |
| 10/30/2022 10/30/22 | For Sale | $799,000 | 0.0% | $494 / Sq Ft |
| 10/24/2022 10/24/22 | Pending | -- | -- | -- |
| 10/08/2022 10/08/22 | Price Changed | $799,000 | -6.0% | $494 / Sq Ft |
| 09/14/2022 09/14/22 | Price Changed | $850,000 | 0.0% | $526 / Sq Ft |
| 09/14/2022 09/14/22 | For Sale | $850,000 | -10.4% | $526 / Sq Ft |
| 09/07/2022 09/07/22 | Pending | -- | -- | -- |
| 08/15/2022 08/15/22 | Price Changed | $949,000 | -20.9% | $587 / Sq Ft |
| 06/24/2022 06/24/22 | For Sale | $1,200,000 | -- | $742 / Sq Ft |
Source: Stellar MLS
Tax History Compared to Growth
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 | $2,719 | $422,435 | -- | -- |
| 2024 | $2,719 | $410,530 | -- | -- |
| 2023 | $2,719 | $215,696 | $0 | $0 |
| 2022 | $2,642 | $209,414 | $0 | $0 |
| 2021 | $2,537 | $203,315 | $0 | $0 |
| 2020 | $2,621 | $200,508 | $0 | $0 |
| 2019 | $2,582 | $196,000 | $0 | $0 |
| 2018 | $2,560 | $192,345 | $0 | $0 |
| 2017 | $2,378 | $188,389 | $0 | $0 |
| 2016 | $2,373 | $184,514 | $0 | $0 |
| 2015 | $2,832 | $183,453 | $0 | $0 |
| 2014 | $2,832 | $170,543 | $0 | $0 |
| 2013 | $1,807 | $142,150 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Adrian Alanis
-
Diane Vecchio
Buyer's Agent in 2023
Diane Vecchio
REALTY ONE GROUP MVP
(239) 900-6900
39 Total Sales
Map
Source: Stellar MLS
MLS Number: A4539938
APN: 5623-1001-1
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.
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
- 127 Mill Run E
- 849 157th Ct E
- 646 157th Ct E
- 841 157th Ct E
- 837 157th Ct E
- 857 157th Ct E
- 853 157th Ct E
- 845 157th Ct E
- 610 147th St E
- 833 157th Ct E
- 809 157th Ct E
- 15210 Waterline Rd
- 532 157th Ct E
- 419 157th Ct E
- 407 157th Ct E
- 14730 1st Ave E
- Holden Plan at Coddington
- Hemingway Plan at Coddington
- Hawthorne Plan at Coddington
- Coral Plan at Coddington
- 705 Rye Rd E
- 603 Rye Rd E
- 411 Rye Rd E
- 607 Rye Rd E
- 357 Rye Rd E
- 14818 7th Ave E
- 14814 7th Ave E
- 14822 7th Ave E
- 14810 7th Ave E
- 14826 7th Ave E
- 14806 7th Ave E
- 327 Rye Rd E
- 14830 7th Ave E
- 15255 Waterline Rd
- 14834 7th Ave E
- 14722 7th Ave E
- 15215 Waterline Rd
- 345 Rye Rd E
- 14811 7th Ave E
- 14815 7th Ave E