NOT LISTED FOR SALE

512 7th Ave W Palmetto, FL 34221

Estimated Value: $390,000 - $478,000

4 Beds
2.5 Baths
1,962 Sq Ft
$214/Sq Ft Est. Value

Last Sold June 27, 2022

Last sale price $469,000 $239 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $2,765/month

8 Days on Market

Highlights

  • Screened Pool
  • Living Room with Fireplace
  • Main Floor Primary Bedroom
  • Reverse Osmosis System
  • Engineered Wood Flooring
  • 5-minute walk to Lamb Park

About This Home

As of June 2022

Charm and character abound in this meticulously maintained gem of a pool property. Have it all in this historical cottage with NO HOA, classic features and comfort and security of a NEW ROOF, BRAND NEW AC, updated insulated windows, electrical, plumbing and much more! When you pull up to the house notice the immaculate curb appeal, with large trees and established foliage and extra long driveway. Head into the house to find beautiful hardwood flooring throughout the first floor, crown molding and character galore. The large living room offers a gas fireplace to enjoy those chilly winter evenings. In the front of the home find a bonus room perfect for your home office with plenty of natural light and wall to wall windows. Head toward the back of the home to a large dining area, kitchen with all stainless steel appliances and gas stove, half pool bath, laundry room and the master suite. The master suite offers a walk in closet and a completely renovated master bath with shower. As you head upstairs, notice all the original detailing of the wood, trim and railing. Once upstairs find 3 large bedrooms, all with walk in closets and new carpets. The upstairs bathroom is completely renovated as well with a large closet. Head out to the backyard either through the back door or go through the front double fenced gate that'll take you through a lovely garden path straight to your very own hidden tropical oasis! Enjoy entertaining in the extra large lanai that includes the completely resurfaced, large heated, salt water pool and spa, large foliage for privacy, plenty of room for seating and a large deck area with a newer retractable awning. Store all your toys in any of the two storage buildings out back or just enjoy the fully fenced yard with maximum privacy. Other updates include a new gas hot water heater, new exterior paint, new interior paint in office, reverse osmosis system, new Pool Pump, New T-Cell, New computer panel in pool heater. This property is located in the heart of downtown Palmetto, walking distance to the marina and bridge, into Bradenton. It is conveniently located near restaurants, parks, shopping, medical faciliities and easy access to US 301. It is centrally located and just minutes to the beautiful Gulf Coast beaches!

Last Agent to Sell the Property

Esmeralda Rico

LPT REALTY, LLC License #3382801 Listed on: 05/12/2022

LPT REALTY, LLC

Last Buyer's Agent

Daniel Jasmer

FINE PROPERTIES License #3106292

FINE PROPERTIES

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,238

Year Built

  • Built in 1906

Lot Details

  • 7,392 Sq Ft Lot
  • Lot Dimensions are 56x132
  • West Facing Home
  • Wood Fence
  • Property is zoned RM6

Parking

  • Driveway

Home Design

  • Wood Frame Construction
  • Shingle Roof

Interior Spaces

  • 1,962 Sq Ft Home
  • 2-Story Property
  • Crown Molding
  • Ceiling Fan
  • Wood Burning Fireplace
  • Awning
  • Living Room with Fireplace
  • Den
  • Crawl Space

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Reverse Osmosis System

Flooring

  • Engineered Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Eco-Friendly Details

  • Reclaimed Water Irrigation System

Pool

  • Screened Pool
  • Heated Spa
  • Saltwater Pool
  • Fence Around Pool
  • Outdoor Shower
  • Outside Bathroom Access
  • Pool Lighting

Outdoor Features

  • Exterior Lighting
  • Outdoor Storage

Utilities

  • Central Air
  • Heating Available
  • Natural Gas Connected
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Willis Add To Palmetto Continued Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,238

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Wood Frame
  • Fireplace: Yes
  • Living Area: 1962
  • Lot Size Acres: 0.17
  • New Construction: No
  • Year Built: 1906
  • Building Area Total: 1998
  • Lot Size Sq Ft: 7392
  • Directions to Property: 8th Ave W. to East on 5th St W to Left on 7th Ave W.
  • Status: Sold
  • Street Post Direction: W
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4535061?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4535061?w=Customer
  • Homestead Y N: Yes
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 1.03077
  • Price per Sq Ft: 239.04
  • Close to Original List Price Ratio: 1.0086
  • Ratio: Current Price\Building Area Total: 234.73
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Living Room, Wood Burning
  • Living Area Units: Square Feet
  • Flooring: Carpet, Engineered Hardwood, Tile
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Crown Molding, Master Bedroom Main Floor, Split Bedroom, Walk-In Closet(s)
  • Appliances Included: Dishwasher, Dryer, Electric Water Heater, Kitchen Reverse Osmosis System, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Crawlspace
  • Total Bedrooms: 4
  • Levels: Two
  • Spa Features: Heated
  • Spa Yn: Yes
  • Stories: 2
  • Street Number Modifier: 512
  • Room Count: 8
  • Additional Rooms: Den/Library/Office

Exterior Features

  • Direction Faces: West
  • Pool Features: Heated, Lighting, Outside Bath Access, Salt Water, Screen Enclosure
  • Exterior Features: Awning(s), Fenced, Irrigation System, Lighting, Outdoor Shower, Storage
  • Roof: Shingle
  • Pool Private: Yes
  • Waterfront: No
  • Road Surface Type: Gravel
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Disclosures: Lead Paint, Seller Property Disclosure

Garage/Parking

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

Utilities

  • Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Sprinkler Recycled, Water Connected
  • Cooling: Central Air
  • Heating: Electric
  • Laundry Features: Laundry Room
  • Sewer: Public Sewer
  • Water Source: None
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association Approval Required YN: No

Lot Info

  • Zoning: RM6
  • Parcel Number: 2778000006
  • Additional Parcels: No
  • Fencing: Wood
  • Lot Dimensions: 56x132
  • Flood Zone Code: X

Rental Info

  • Furnished: Negotiable
  • Minimum Lease: No Minimum
  • Lease Restrictions Y N: No
  • Additional Lease Restrictions: See City of Palmetto for lease restrictions

Tax Info

  • Tax Annual Amount: 2238.37
  • Tax Block: 3
  • Tax Book Number: 1-133
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2022
Closed on
Jun 23, 2022
Sold by
Cole and Cathleen
Bought by
Budde Arne O and Brunner-Budde Catrin S
Seller's Agent
Esmeralda Rico
LPT REALTY, LLC
Buyer's Agent
Daniel Jasmer
FINE PROPERTIES
List Price
$465,000
Sold Price
$469,000
Premium/Discount to List
$4,000
0.86%
Current Estimated Value
$420,832

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$48,168
Avg. Annual Appreciation
-3.20%
Original Mortgage
$200,000
Outstanding Balance
$190,350
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$230,482

Purchase Details

Listed on
Oct 24, 2013
Closed on
Jan 8, 2014
Sold by
Nader Thomas A and Nader Jody K
Bought by
Cole Jerry and Wilson Cathleen
Seller's Agent
Ed Kehn
LIMBO COMPANY SARASOTA ASSOC
Buyer's Agent
Tim Lester
TIM LESTER INTERNAT'L REALTY
List Price
$174,400
Sold Price
$165,000
Premium/Discount to List
-$9,400
-5.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.13%
Original Mortgage
$156,750
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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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
Budde Arne O $469,000 Michael J Belle Pa
Cole Jerry $165,000 Sunbelt Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Budde Arne O $200,000
Previous Owner Cole Jerry $156,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/27/2022 06/27/22 Sold $469,000 +3.1% $239 / Sq Ft
05/21/2022 05/21/22 Pending -- -- --
05/18/2022 05/18/22 Price Changed $455,000 -2.2% $232 / Sq Ft
05/12/2022 05/12/22 For Sale $465,000 +181.8% $237 / Sq Ft
01/08/2014 01/08/14 Sold $165,000 -0.5% $84 / Sq Ft View Prior Sale
11/30/2013 11/30/13 Pending -- -- --
11/18/2013 11/18/13 Price Changed $165,800 -4.9% $85 / Sq Ft
10/23/2013 10/23/13 For Sale $174,400 -- $89 / 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 $6,699 $342,746 $35,700 $307,046
2024 $6,699 $344,556 $35,700 $308,856
2023 $7,037 $357,133 $35,700 $321,433
2022 $2,368 $153,744 $0 $0
2021 $2,238 $149,266 $0 $0
2020 $2,295 $147,205 $0 $0
2019 $2,241 $143,895 $0 $0
2018 $2,204 $141,212 $0 $0
2017 $2,055 $138,308 $0 $0
2016 $2,029 $135,463 $0 $0
2015 $1,008 $134,521 $0 $0
2014 $1,008 $83,649 $0 $0
2013 $993 $82,413 $5,500 $76,913
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4535061

Stellar MLS

APN: 27780-0000-6