tomo logo

$515,000

Beds
3
Baths
2.5
sq ft
1,664

1213 5th St W, Palmetto, FL 34221

1213 5th St W

PALMETTO, FL 34221

  • 2 days on market
Come see this historic 2-story bungalow with relaxing front porch, built in 1911. This 3bed/2.5baths, 2168 sq ft situated on a 6,882 sq ft lot located in the historic district of Palmetto. Walk to Regatta Pointe Marina for a scenic walk under picturesque oak trees & historic homes & for plenty of dining options. Walk over the bridge to Downtown Bradenton. Luxurious bathrooms include tile, tub, shower with high-end shower head, granite accent wall and double vanity. Spacious and open floor plan with living/dining/kitchen combo, huge bedrooms, 390 sq ft master bedroom downstairs with walk-in closet and half bath downstairs for guests. Other features include laundry room and fully-fenced yard with turf putting green and grill. The yard also boasts a huge 325 sq ft screened porch that includes pass-thru from kitchen to porch. There is space for a boat. This home is a successful vacation rental and you can assume the future income.

Details

Property type

Single Family Residence

Est. home value

$426,941

Lot size

6,882 sq ft

Price per sq ft

$310

Year built

1911

Annual property taxes

$5,338.71

HOA

No

Price History

01/06/2025
StellarMLS

StellarMLS #A4634586

Listed
$515,000
+47.14%
09/27/2022
StellarMLS

StellarMLS #T3382929

Sold
$350,000
+677.78%
04/28/2015
StellarMLS

StellarMLS #A4116717

Sold
$45,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$169,611
Asking price
$515,000
Closing costs (~8% of asking)
-$41,200
Est. remaining loan balance
-$304,189
Cash to seller
$169,611

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 Independent Mortgage Corp

Loan start date

September 2022

Original loan amount

$315,000

Est. remaining balance

$304,189

Interest rate

4.99%

Loan type

New Conventional, 30 year

Seller

Daniel Fonticiella and Michelle Fonticiella

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?

Status: Active

Tomo last checked: 01/08/2025 at 2:05 AM

Listing updated: 01/07/2025 at 6:55 AM

Listed by: Jesse Brisson, KELLER WILLIAMS ON THE WATER Phone #: (941) 729-7400

MLS: StellarMLS #A4634586

StellarMLS logo

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