NOT LISTED FOR SALE

714 16th Ave E Palmetto, FL 34221

Estimated Value: $759,000 - $1,101,000

2 Beds
2.5 Baths
1,957 Sq Ft
$470/Sq Ft Est. Value

Last Sold January 26, 2022

Last sale price $1,050,000 $537 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $6,108/month

36 Days on Market

Highlights

  • 50 Feet of Waterfront
  • River Access
  • Fitness Center
  • Private Beach
  • Boat Lift
  • In Ground Pool

About This Home

As of January 2022

FLORIDA LIVING AT IT'S FINEST... this home has an incredible outdoor area for entertaining... from the water frontage, gorgeous pool with sun-shelf, outdoor kitchen, and a 30' dock with 13,000# boat lift, electric, and water. This home and WATERFRONT BOATING COMMUNITY will be sure to leave you and your guests relaxed and smiling year round! From the incredible chef's kitchen for tasty meals and get togethers, gas cooktop, dual ovens and open concept flowing into the dining and living space. Owner's suite with a large shower and oversized walk-in closet. Great community amenities, marina and quick access to the manatee river. Sanctuary Cove Riverfront Estates has a fitness center, resort-style pool, 8,600 sq. ft. clubhouse and internet cafe. For outdoor lovers, enjoy an afternoon at the beach area, savor a walk by the riverfront nature preserve or take your boat out on the water. The nature preserve and beach area are also great for kayaking and paddle boarding.

Last Agent to Sell the Property

Andrew Pepper

KELLER WILLIAMS ON THE WATER S License #3399053 Listed on: 11/04/2021

KELLER WILLIAMS ON THE WATER S

Last Buyer's Agent

Carolyn Donnelly

COLDWELL BANKER REALTY License #0360540

COLDWELL BANKER REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,733

Year Built

  • Built in 2019

Lot Details

  • 6,499 Sq Ft Lot
  • 50 Feet of Waterfront
  • Fronts a freshwater canal with a boatlift to a saltwater canal
  • Private Beach
  • West Facing Home
  • Property is zoned PDMU

HOA Fees

  • $79 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Slab Foundation
  • Tile Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,957 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Dry Bar
  • Crown Molding
  • Tray Ceiling
  • Vaulted Ceiling
  • Ceiling Fan
  • Shades
  • Sliding Doors
  • Combination Dining and Living Room
  • Den
  • Vinyl Flooring
  • Canal Views
  • Storm Windows
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Cooktop
  • Ice Maker
  • Dishwasher
  • Wine Refrigerator
  • Stone Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet

Eco-Friendly Details

  • Reclaimed Water Irrigation System

Outdoor Features

  • In Ground Pool
  • River Access
  • Access To Marina
  • Access to a freshwater canal featuring a boatlift for transitioning to a saltwater canal
  • Dock has access to water
  • Seawall
  • Boat Lift
  • Covered Patio or Porch
  • Outdoor Kitchen
  • Exterior Lighting
  • Outdoor Grill

Schools

  • James Tillman Elementary School
  • Buffalo Creek Middle School
  • Palmetto High School

Utilities

  • Central Heating and Cooling System
  • Thermostat
  • Natural Gas Connected

Listing and Financial Details

Community Details

Overview

  • Association fees include community pool, ground maintenance, manager
  • Castle Group/Megan Heins Association, Phone Number (800) 337-5850
  • Visit Association Website
  • Sanctuary Cove Subdivision
  • The community has rules related to deed restrictions, allowable golf cart usage in the community
  • Rental Restrictions

Recreation

  • Fitness Center
  • Community Pool
  • Park

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,733

Year Built

Built in 2019

Lot Details

0

HOA Fees

$79 per month

Parking

2

Listing Details

  • HOA Fee Includes: Community Pool, Maintenance Grounds, Manager, Other
  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 1957
  • Lot Size Acres: 0.15
  • New Construction: No
  • Year Built: 2019
  • Building Area Total: 2739
  • Lot Size Sq Ft: 6499
  • Directions to Property: From I-75, take exit 224 onto US-301 toward Ellenton, Palmetto. Turn left onto Sanctuary Cove Way. At the gate, turn with onto 16th Ave E. The Destination is on the left. (Do not use the GPS directions. Use GPS for 1800 US Highway 301 S (DetWeilers, then look on south side of 301 for Sanctuary Cove and home 714 16th Ave E Palmetto)
  • Status: Sold
  • Street Post Direction: E
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/N6118324?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/N6118324?w=Customer
  • Homestead Y N: Yes
  • Number Of Pets: 3
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Call Center Phone Number: 8007469464
  • Ratio: Close Price\List Price: 0.95455
  • Price per Sq Ft: 536.54
  • Close to Original List Price Ratio: 0.95455
  • Ratio: Current Price\Building Area Total: 383.35
  • View: Yes
  • Ownership: Fee Simple
  • Tax Year: 2020
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Vinyl
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Crown Molding, Dry Bar, Eating Space In Kitchen, Living Room/Dining Room Combo, Master Bedroom Main Floor, Open Floorplan, Solid Surface Counters, Split Bedroom, Stone Counters, Thermostat, Tray Ceiling(s), Vaulted Ceiling(s), Walk-In Closet(s), Window Treatments
  • Appliances Included: Cooktop, Dishwasher, Ice Maker, Range, Wine Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 1
  • Window Features: Shades, Storm Window(s)
  • Street Number Modifier: 714
  • Room Count: 12
  • Additional Rooms: Den/Library/Office

Exterior Features

  • Direction Faces: West
  • Other Structures: Outdoor Kitchen
  • Pool Features: In Ground
  • Exterior Features: Irrigation System, Lighting, Outdoor Grill, Outdoor Kitchen, Sidewalk, Sliding Doors
  • Roof: Tile
  • Pool Private: Yes
  • View: Water
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Front Porch, Screened
  • Road Surface Type: Asphalt
  • Water View: Canal
  • Water Access: Beach - Private, Freshwater Canal w/Lift to Saltwater Canal, Marina, River
  • Water Extras: Dock w/Electric, Dock w/Water Supply, Lift, Seawall - Concrete
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Waterfront Frontage: 50
  • Water Frontage Feet F C W L S C: 50
  • Additional Water Information: 30' dock with #13,000 boat lift with electric and water.
  • Disclosures: HOA/PUD/Condo Disclosure, Seller Property Disclosure

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Covered Parking Spaces: 2
  • Open Parking: No

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Public, Sewer Connected
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Inside, Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Deed Restrictions, Fitness, Gated Community, Golf Carts OK, Park, Pool, Sidewalk, Water Access, Waterfront
  • Association Amenities: Clubhouse, Pool
  • Association Fee: 952
  • Association Fee Frequency: Annually
  • Association Name: Castle Group/Megan Heins
  • Phone: 800-337-5850
  • Association: Yes
  • Senior Community: No
  • Association Website: https://sanctuarycovefl.com
  • Association Email: mheins@castlegroup.com
  • Association Fee Requirement: Required
  • Montly Maint Amt Addition To H O A: 100
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 2152
  • Monthly HOA Fee: 79.33
  • Total Monthly Fees: 179.33

Schools

  • Elementary School: James Tillman Elementary
  • High School: Palmetto High
  • Middle Or Junior School: Buffalo Creek Middle

Lot Info

  • Zoning: PDMU
  • Parcel Number: 1015733609
  • Additional Parcels: No
  • Flood Zone Code: AE

Green Features

  • Green Water Conservation: Irrigation-Reclaimed Water

Rental Info

  • Pets Allowed: Number Limit, Yes
  • Minimum Lease: 3 Months
  • Approval Process: See HOA for approval process.
  • Pet Restrictions: PLEASE SEE PAGE 35, OF THE AMENDED AND RESTATED DECLARATION OF COVENANTS, CONDITIONS, AND RESTRICTIONS FOR SANCTUARY COVE
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: Only allowed to lease 2 times per year. SEE THE AMENDED AND RESTATED DECLARATION OF COVENANTS, CONDITIONS, AND RESTRICTIONS FOR SANCTUARY COVE for other restrictions.

Tax Info

  • Tax Annual Amount: 6733.01
  • Tax Book Number: 36-51
  • Tax Lot: 72

Multi Family

  • Waterfront Features: Freshwater Canal w/Lift to Saltwater Canal

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2021
Closed on
Jan 25, 2022
Sold by
Jb Gullo Frank Eugene and Jb Julie M
Bought by
Rine Darrin and Rine Autumn L
Seller's Agent
Andrew Pepper
KELLER WILLIAMS ON THE WATER S
Buyer's Agent
Carolyn Donnelly
COLDWELL BANKER REALTY
List Price
$1,100,000
Sold Price
$1,050,000
Premium/Discount to List
-$50,000
-4.55%
Current Estimated Value
$920,104

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$129,896
Avg. Annual Appreciation
-3.49%
Original Mortgage
$840,000
Outstanding Balance
$776,830
Interest Rate
3.22%
Mortgage Type
New Conventional
Estimated Equity
$143,274

Purchase Details

Closed on
May 31, 2019
Sold by
Wci Communities Llc
Bought by
Gulio Frank Eugene Jb and Guilo Julie M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,878
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 18, 2017
Sold by
Sanctuary Cove Asli Vi L L L P
Bought by
Wci Communities Llc
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
Rine Darrin $1,050,000 Cynthia A Riddell Pa
Gulio Frank Eugene Jb $411,900 Calatlantic Title Inc
Wci Communities Llc $4,579,200 Flroida Title & Guarantee
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rine Darrin $840,000
Previous Owner Gulio Frank Eugene Jb $236,878
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/26/2022 01/26/22 Sold $1,050,000 -4.5% $537 / Sq Ft
12/10/2021 12/10/21 Pending -- -- --
11/04/2021 11/04/21 For Sale $1,100,000 -- $562 / 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 $13,809 $641,106 $229,925 $411,181
2024 $13,809 $688,467 $229,925 $458,542
2023 $12,802 $619,153 $199,750 $419,403
2022 $7,620 $387,381 $0 $0
2021 $6,532 $376,098 $0 $0
2020 $6,733 $370,905 $0 $0
2019 $1,066 $80,000 $80,000 $0
2018 $461 $22,000 $22,000 $0
2017 $444 $22,000 $0 $0
2016 $439 $21,400 $0 $0
2015 $443 $21,400 $0 $0
2014 $443 $21,400 $0 $0
2013 $447 $21,400 $21,400 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: N6118324

Stellar MLS

APN: 10157-3360-9