by RH Advisors

Check Availability
$445,000
↓ $5K (1.1%)
House - For Sale

502 7th AVENUE W

PALMETTO, FL 34221
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1693 Sqft
$2,400
Estimated Monthly
$0
HOA / Fees
6.43%
Cap Rate

About This Property

$5,000 Flex Cash incentive being offered!! This can be used towards closing costs, a rate buy down, etc. Rare Opportunity! Welcome to your charming retreat, just a few blocks away from the Manatee River. Nestled in the historic district of Palmetto, this 3-bedroom, 3-bath home features a bonus room, a delightful pool, fenced in yard, and an oversized detached 2-car garage on a spacious corner lot. With a new roof in 2020 and recently remodeled kitchen including luxury vinyl floors, fresh paint, and appliances, this home offers comfort without the worry of flood insurance or HOA fees. New duct work and ozone cleaner along with having natural gas. Relax on the large front porch or entertain on the new pool deck and expansive back covered patio. You'll also notice a street light that is privately owned by the sellers, giving extra security for their backyard and driveway. Enjoy the convenience of a prime location that 1/5 a mile from the boat ramp and marina, 1 mile to downtown Bradenton, near shops, dining, parks, major highways. Don't miss out on this opportunity to own a move-in ready pool home in one of the most sought after neighborhoods in the area.
Unit Size
1,693Ft²
Days on Market
33 days
Land Size
0.34 acres
Price per sqft
$263
Property Type
House
Property Taxes
$214
HOA Dues
-
Year Built
1905
Last updated: 11 days ago (Stellar MLS #A4597327)

Price History

Date / Event Date Event Price
Apr 19, 2024 Price Decreased $445,000
↓ $5K (1.1%)
Price Decreased
Mar 28, 2024 Listed by KW SUNCOAST $450,000
Listed by KW SUNCOAST
Sep 12, 2016 Sold to Laruen Ellis, Walter Ellis $190,000
Sold to Laruen Ellis, Walter Ellis

Property Highlights

Garage
Air Conditioning
Parking Details
Has Garage
Has Open Parking
Parking Features: Boat, Driveway, Garage Door Opener, Oversized, Parking Pad, Workshop in Garage
Garage Spaces: 2
Interior Details

Bathroom Information

Half Bathrooms: 1
Full Bathrooms: 2

Interior Information

Interior Features: Cathedral Ceiling(s), Ceiling Fans(s), Primary Bedroom Main Floor, Solid Wood Cabinets, Split Bedroom, Vaulted Ceiling(s), Walk-In Closet(s), Window Treatments
Appliances: Convection Oven, Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Washer
Flooring Type: Carpet, Luxury Vinyl
Laundry Features: Inside, Laundry Room

Room Information

Rooms: 9

Building Info

Overview

    General

  • Year Built: 1905
  • Effective Year Built: 1991
  • Building Count: 1
  • Total Rooms: 3
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 12
  • Building Condition: Good
  • Building Quality: D
  • Construction Type: Wood
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 216
  • Garage Type: Garage
  • Garage Square Area: 720
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 14,784
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 1,120
  • Total Building Area: 2,009
  • Gross Building Area: 2,009
  • Building Area: 1,693
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,693
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WILLIS ADDITION TO PALMETTO CONTINUED
  • Land Acres: 0.339
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 3 BLK 3 WILLIS ADD PI#27781.0000/4

Ownership

  • Current Owner : ELLIS WALTER
  • Current Owner 2: ELLIS LARUEN
  • Previous Owner : SENEY ANTHONY J
  • Previous Owner 2: SENEY JEAN
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Manatee County School District
  • School Tax School District: MCPA&MCPS
  • Census Tract: 001300

Zoning

  • Zoning: PL_RM-6

Geography

  • Assessors Map Reference: 19B
  • Subdivision Tract Number: 02776300
  • Parcel: 27781-0000-4
  • Block: 3
  • Lot: 3
  • Meridian: SEC 14 TWN 34S RNG 17E
  • Municipality: PALMETTO
  • Latitude: 27.5154
  • Longitude: -82.5714

    Address

  • Full Address: 502 7th Ave W
  • Address - House Number: 502
  • Street Segment Direction: W
  • Address - Street Name: 7th
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Palmetto
  • Carrier Code: C022
  • 4-Digit Zip Code: 5146
  • Zip Code: 34221

Valuation

    Tax

  • Total Area: 852
  • Tax Year: 2022
  • Tax Amount: $2,470
  • Tax Rate Code Area: 19

    Appraisal Valuation

  • Standard Deviation: 0.0787
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 94
  • Final Value: 444,792
  • High Value: 479,820
  • Low Value: 409,765

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $186,558
  • First Open Lien Mortgage Lender: 1ST FINANCIAL INC
  • First Open Lien Mortgage Recording Date: Sep 12, 2016
  • First Open Lien Mortgage Loan Amount: $186,558
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2046

    Market Valuation

  • Market Total Value: $304,910
  • Market Land Value: $45,900
  • Market Improvement Value: $259,010

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $164,402

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 23, 2016
  • Current Sale Recording Date: Sep 12, 2016
  • Current Sale Transaction ID: 1775830405
  • Current Sale Price: $190,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 201641037321
  • Previous Sale Recording Date: Jul 01, 2016
  • Previous Sale Contract Date: Jul 01, 2016
  • Previous Sale Amount: $100
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: 1ST FINANCIAL INC
  • First Mortgage Transaction Date: Sep 12, 2016
  • First Mortgage Loan Amount: $186,558
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Sep 01, 2046

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
2 Baths
1,624 ft²
$262/ft²
$425,000 Sep 9, 2023
$425,000 Oct 31, 2023
$162/mo
House
3 Beds
2 Baths
1,602 ft²
$243/ft²
$389,000 Dec 11, 2023
$389,000 Feb 6, 2024
$81/mo
House
3 Beds
2 Baths
1,600 ft²
$243/ft²
$389,000 Nov 5, 2023
$389,000 Feb 1, 2024
$57/mo
House
3 Beds
2 Baths
1,574 ft²
$227/ft²
$357,000 Dec 8, 2023
$357,000 Mar 14, 2024
$63/mo
House
4 Beds
2 Baths
1,615 ft²
$241/ft²
$389,000 Sep 6, 2023
$389,000 Oct 11, 2023
$139/mo
Condo
2 Beds
2 Baths
1,847 ft²
$243/ft²
$449,000 Oct 20, 2023
$449,000 Feb 9, 2024
$1,875/mo
House
3 Beds
2 Baths
1,223 ft²
$327/ft²
$399,999 Mar 21, 2024
-
$218/mo
Condo
2 Beds
2 Baths
1,847 ft²
$265/ft²
$489,000 Mar 15, 2024
-
$1,979/mo
Condo
2 Beds
2 Baths
1,978 ft²
$240/ft²
$474,000 Dec 26, 2023
-
$1,867/mo
Condo
2 Beds
2 Baths
1,700 ft²
$306/ft²
$519,900 Feb 14, 2024
-
$1,255/mo
Condo
2 Beds
2 Baths
1,618 ft²
$263/ft²
$425,000 Sep 6, 2023
-
$248/mo
Condo
2 Beds
2 Baths
1,701 ft²
$312/ft²
$529,900 Mar 8, 2024
-
$707/mo

About Palmetto


Similar Homes for Sale

Unit for sale at 611 Riviera Dunes Way, PALMETTO, FL 34221

$529,900

  • 2 Beds
  • 2 Baths
  • 1,701 ft²
611 Riviera Dunes Way #104, PALMETTO, FL 34221 Listing by Jessica Peterson
Unit for sale at 501 Haben Boulevard, PALMETTO, FL 34221

$425,000

  • 2 Beds
  • 2 Baths
  • 1,618 ft²
501 Haben Boulevard #203, PALMETTO, FL 34221 Listing by Rae Hayo
Unit for sale at 140 Riviera Dunes Way, PALMETTO, FL 34221

$474,000

  • 2 Beds
  • 2 Baths
  • 1,978 ft²
140 Riviera Dunes Way #204, PALMETTO, FL 34221 Listing by Angel Wilkinson

Nearby Rentals

Unit for rent at 2311 14th Avenue W, PALMETTO, FL, 34221

$2,495 /mo

  • 3 Beds
  • 2 Baths
  • 1,403 ft²
2311 14th Avenue W #308, PALMETTO, FL, 34221 Listing by Perla Whitaker
Unit for rent at 1211 20th Avenue W, PALMETTO, FL, 34221

$2,495 /mo

  • 3 Beds
  • 2 Baths
  • 1,302 ft²
1211 20th Avenue W, PALMETTO, FL, 34221 Listing by Matt Guthrie
Unit for rent at 1014 W 12 Avenue, PALMETTO, FL, 34221

$2,700 /mo

  • 3 Beds
  • 2 Baths
  • 1,600 ft²
1014 W 12 Avenue, PALMETTO, FL, 34221 Listing by Angeles Navarro


Frequently Asked Questions

When was property at 502 7th Avenue West built and last sold?
The property at 502 7th Avenue West was built in 1905 and last sold on Aug 23, 2016 for $190,000.
How much is this home worth?
The estimated value of the home located at 502 7th Avenue West is $457,810.
What are some comparable homes to 502 7th Avenue West?
Homes that are comparable to 502 7th Avenue West include a house property at 705 13 Avenue Circle West, a condo property at 140 Riviera Dunes Way, 501 Haben Boulevard.

Nearby Counties
Quantcast