NOT LISTED FOR SALE

626 9th Ave W Unit A and B Palmetto, FL 34221

Estimated Value: $336,608 - $389,000

6 Beds
2 Baths
1,612 Sq Ft
$227/Sq Ft Est. Value

Last Sold September 30, 2021

Last sale price $315,000 $195 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $2,377/month

22 Days on Market

Highlights

  • Property is near a marina
  • Attic
  • Corner Lot
  • Park or Greenbelt View
  • End Unit
  • 2-minute walk to Lamb Park

About This Home

As of September 2021

This is a income producing duplex (remodeled in 2021) that is 3 bedroom 1 bathroom on both sides and both are rented at 1400/month. Also offers the possibility of living in one side and renting out the other with proper notice given to tenants. Walk across the street to the park with amenities including tennis and basketball courts, playground, picnic tables. Great location only 1.7 miles, or five minutes from downtown Bradenton. Convenient to the Marina, shopping, restaurants, Ellington premium outlets mall, Manatee Avenue. Route 301 and 41, I 275 and I 75 and much more. Only 10 miles from Gulf Beaches including Holmes Beach and Anna Maria Island. Location makes it truly convenient to just about anywhere. Concrete Block construction. Roof replaced in 2019. Both units have been extensively renovated. 9.0% cap rate. Homeowners insurance $920 per year. Not in a flood zone! No flood insurance required! There is no HOA or lease restrictions so Air B&B and VRBO short-term vacation rentals would be permitted. Check out the 3-D walk-through virtual tour.

Last Agent to Sell the Property

Jarrod Luparell

WAGNER REALTY License #0686416 Listed on: 08/23/2021

WAGNER REALTY

Last Buyer's Agent

Gina Carranza

LPT REALTY, LLC License #3258186

LPT REALTY, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,794

Year Built

  • Built in 1979

Lot Details

  • 5,828 Sq Ft Lot
  • Lot Dimensions are 53x110
  • End Unit
  • Corner Lot

Home Design

  • Duplex
  • Slab Foundation
  • Shingle Roof
  • Block Exterior

Interior Spaces

  • Split Bedroom Floorplan
  • 1,612 Sq Ft Home
  • Storage Room
  • Park or Greenbelt Views
  • Fire and Smoke Detector
  • Range
  • Attic

Flooring

  • Laminate
  • Ceramic Tile

Laundry

  • Laundry Room
  • Laundry Located Outside

Parking

  • Common or Shared Parking
  • Open Parking

Outdoor Features

  • Property is near a marina
  • Shed

Location

  • City Lot

Schools

  • Palmetto Elementary-Mn School
  • Buffalo Creek Middle School
  • Palmetto High School

Utilities

  • Central Heating and Cooling System
  • Private Sewer
  • Cable TV Available

Listing and Financial Details

  • Down Payment Assistance Available
  • Visit Down Payment Resource Website
  • Tenant pays for electricity, sewer, trash collection, water
  • Tax Lot 8
  • Assessor Parcel Number 2741010009

Community Details

Overview

  • No Home Owners Association
  • 1,784 Sq Ft Building
  • Mc Nabbs Sub Community
  • J C Mcnabbs Subdivision

Pet Policy

  • Pets Allowed

Building Details

  • Gross Income $33,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,794

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Condition: Completed
  • Property Sub Type: Duplex
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 1612
  • Lot Size Acres: 0.13
  • New Construction: No
  • Year Built: 1979
  • Building Area Total: 1784
  • Lot Size Sq Ft: 5828
  • Tenant Pays: Electricity, Sewer, Trash Collection, Water
  • Directions to Property: From route 41 and Manatee Ave., West. Follow Manatee Ave., West East 1/2 mile right on 9th St., West. Turn left 7th St., West, Then immediate left at 9th Ave., West . Follow to address
  • Status: Sold
  • Street Post Direction: W
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4510360?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4510360?w=Customer
  • Unit Count: 1
  • Homestead Y N: No
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Property Description: Corner Unit
  • Ratio: Close Price\List Price: 0.95483
  • Price per Sq Ft: 195.41
  • Close to Original List Price Ratio: 0.95483
  • Ratio: Current Price\Building Area Total: 176.57
  • View: Yes
  • Ownership: Fee Simple
  • Tax Year: 2020
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile, Laminate
  • Interior Amenities: Other, Split Bedroom
  • Appliances Included: Range, Refrigerator
  • Foundation Details: Slab
  • Levels: One
  • Spa Yn: No
  • Street Number Modifier: 626
  • Additional Rooms: Attic, Storage Rooms
  • Number Of Buildings: 1

Exterior Features

  • Other Structures: Shed(s), Storage
  • Exterior Features: Other, Storage
  • Roof: Shingle
  • Pool Private: No
  • View: Park
  • Waterfront: No
  • Road Surface Type: Asphalt, Paved
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Additional Water Information: Extremely close to the marina.

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Common, Open, Other
  • Open Parking: Yes

Utilities

  • Utilities: Cable Available, Electricity Connected, Public, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Laundry Room, Outside
  • Sewer: Private Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Security: Smoke Detector(s)
  • Senior Community: No
  • Association Approval Required YN: No

Schools

  • Elementary School: Palmetto Elementary-MN
  • High School: Palmetto High
  • Middle Or Junior School: Buffalo Creek Middle

Lot Info

  • Zoning: RM6
  • Parcel Number: 2741010009
  • Additional Parcels: No
  • Lot Features: Corner Lot, City Lot, Near Marina
  • Lot Dimensions: 53x110
  • Property Attached Yn: Yes
  • Flood Zone Code: X

Rental Info

  • Pets Allowed: Yes
  • Total Actual Rent: 2800
  • Minimum Lease: No Minimum
  • Pet Restrictions: No pet restrictions
  • Lease Restrictions Y N: No

Multi Family

  • Gross Income: 33600
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2794.27
  • Tax Book Number: 1-287
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 23, 2021
Closed on
Sep 28, 2021
Sold by
Kyle Woppert Llc
Bought by
Lago Dulce Properties Llc 3714
Seller's Agent
Jarrod Luparell
WAGNER REALTY
Buyer's Agent
Gina Carranza
LPT REALTY, LLC
List Price
$329,900
Sold Price
$315,000
Premium/Discount to List
-$14,900
-4.52%
Current Estimated Value
$365,536

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,536
Avg. Annual Appreciation
3.71%

Purchase Details

Closed on
Mar 25, 2021
Sold by
Porter Richard James and Porter Lynn
Bought by
Kyle Woppert Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
2.8%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 6, 2009
Sold by
Porter Richard James
Bought by
Porter Richard James and Archibald Lynn

Purchase Details

Closed on
Sep 15, 2000
Sold by
Westendorf Paul F
Bought by
Porter Richard James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,463
Interest Rate
8.05%

Purchase Details

Closed on
Jul 24, 2000
Sold by
Westendorf Paul F
Bought by
Westendorf Paul F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,463
Interest Rate
8.05%

Purchase Details

Closed on
Jan 6, 1998
Sold by
Pick James F and Pick Florence E
Bought by
Westendorf Paul F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$39,000
Interest Rate
7.18%
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
Lago Dulce Properties Llc 3714 $315,000 Attorney
Kyle Woppert Llc $170,000 Gates Band
Porter Richard James -- Attorney
Porter Richard James $79,500 --
Westendorf Paul F $80,000 --
Westendorf Paul F $65,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kyle Woppert Llc $140,000
Previous Owner Porter Richard James $65,463
Previous Owner Westendorf Paul F $57,120
Previous Owner Westendorf Paul F $39,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2021 09/30/21 Sold $315,000 -4.5% $195 / Sq Ft
09/14/2021 09/14/21 Pending -- -- --
09/02/2021 09/02/21 For Sale $329,900 0.0% $205 / Sq Ft
08/30/2021 08/30/21 Pending -- -- --
08/23/2021 08/23/21 For Sale $329,900 -- $205 / 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 $5,520 $266,150 $70,125 $196,025
2024 $5,520 $268,484 $70,125 $198,359
2023 $5,621 $270,817 $70,125 $200,692
2022 $5,387 $258,384 $52,500 $205,884
2021 $2,960 $153,234 $50,000 $103,234
2020 $2,794 $133,321 $35,000 $98,321
2019 $2,645 $130,503 $35,000 $95,503
2018 $2,494 $125,219 $35,000 $90,219
2017 $2,021 $86,400 $0 $0
2016 $2,037 $86,400 $0 $0
2015 $1,850 $86,400 $0 $0
2014 $1,850 $77,358 $0 $0
2013 $2,043 $86,362 $11,400 $74,962
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4510360

Stellar MLS

APN: 27410-1000-9