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$409,900

Beds
3
Baths
2.0
sq ft
1,900

1121 7th St W Unit A, Palmetto, FL 34221

1121 7th St W Unit A

PALMETTO, FL 34221

  • 3 days on market
Incredible opportunity in north Manatee county in the quaint Historic District of Palmetto, this former single family home now zoned duplex will delight you! Great for multi-generational use, or as income producing investment property for vacation or long term rentals. Unit A is a 1/1 with wood floors and lots of light; screened in lanai is right off the kitchen dining room combo large enough for small office area. Unit B is 2/1, dining or play room; there’s a separate laundry room and a large 1 car garage, and a shed in the backyard. With no HOA or CDD, this versatile property has plenty of space for trailers, boats, RV’s, and more. Very close to Sutton Park, the beautiful Manatee River, Emerson Point State Preserve, Safe Harbor Regatta Pointe, and easy access to St Pete, Tampa, Orlando, and Sarasota/Naples including some of the best shopping and coastal beaches. Truly a wonderful area!

Details

Property type

Est. home value

$357,878

Lot size

8,999 sq ft

Price per sq ft

$216

Year built

1955

Annual property taxes

$6,574.26

HOA

No

Price History

10/02/2024
StellarMLS

StellarMLS #A4624538

Listed
$409,900

Schools & Community

Elementary school: 

Palmetto Elementary-MN

Middle school: 

Lincoln Middle

High school: 

Palmetto High

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$124,015
Asking price
$409,900
Closing costs (~8% of asking)
-$32,792
Est. remaining loan balance
-$253,093
Cash to seller
$124,015

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Fairway Funding Group Inc

Loan start date

October 2022

Original loan amount

$259,500

Est. remaining balance

$253,093

Interest rate

5.89%

Loan type

New Conventional, 30 year

Seller

Crystal D Golm and Ryan Mikolasik

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 10/04/2024 at 11:20 PM

Listing updated: 10/02/2024 at 12:35 AM

Listed by: Lori Skaggs, LPT REALTY Phone #: (877) 366-2213

MLS: StellarMLS #A4624538

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