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$409,120

Beds
3
Baths
2.0
sq ft
1,306

1220 5th St W, Palmetto, FL 34221

1220 5th St W

PALMETTO, FL 34221

  • 1 day on market
    • Open house Nov 16
Charming Craftsman in Historic West Palmetto - Where Old Florida Meets Coastal Living - Welcome to your charming 1920 Craftsman home nestled in the heart of the Historic District of West Palmetto. This 3-bedroom, 2-bath home sits on an expansive 0.35-acre corner lot, showcasing exquisite landscaping, water features, and lush greenery, including fruit trees, exotic vines, and palm varieties. A full re-claimed water irrigation system keeps the grounds vibrant year-round. Your new home boasts a brick paver driveway and walkways, a spacious detached entertaining/storage space, a 30 AMP RV hookup, and dual side yard access. Step inside to find nearly 10-foot ceilings and rich Brazilian hardwood floors. The kitchen features granite countertops, a tiled backsplash, and recessed lighting. Modern upgrades include completely new electrical and plumbing systems, a UV light HVAC system with new ductwork installed in 2019. The flexible layout includes a dining area that can double as a formal space or home office, and a versatile third bedroom with a laundry closet is a perfect flex space with room for a home office and guest bed. The primary suite offers a private ensuite bath, and the guest bathroom includes an updated vanity. Additional highlights include a durable metal roof, with all fasteners replaced in 2017. The location is a short stroll from the waterfront, Regatta Marina, Sutton Park, the Public Library, and the charming downtown area of Palmetto, offering a variety of amenities and activities. Experience the best of historic charm and modern living at this unique property in West Palmetto. This is more than a home; it is a lifestyle! If you have been searching for AMAZING – here it is. If you have been waiting for the IDEAL OPPORTUNITY – it is now. If you have expectations of an EXCEPTIONAL LOCATION – Your search ends right here in Historic West Palmetto at 1220 5th Street W! - We may have just discovered your next home!

Details

Property type

Single Family Residence

Est. home value

$380,096

Lot size

0.34 acres

Price per sq ft

$314

Year built

1920

Annual property taxes

$4,553

HOA

No

Price History

11/14/2024
StellarMLS

StellarMLS #TB8321043

Listed
$409,120
+30.71%
11/12/2021
StellarMLS

StellarMLS #A4513711

Sold
$313,000
+65.61%
02/20/2019
StellarMLS

StellarMLS #A4424051

Sold
$189,000
+15650%

Schools & Community

Elementary school: 

Palmetto Elementary-MN

Middle school: 

Buffalo Creek 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

$104,832
Asking price
$409,120
Closing costs (~8% of asking)
-$32,730
Est. remaining loan balance
-$271,558
Cash to seller
$104,832

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

November 2021

Original loan amount

$289,750

Est. remaining balance

$271,558

Interest rate

2.99%

Loan type

New Conventional, 30 year

Seller

Justin Scott Higginbothan and Nicole Lynn Payne

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: 11/14/2024 at 8:05 PM

Listing updated: 11/14/2024 at 2:42 PM

Listed by: Kent Rodahaver, NEXTHOME SOUTH POINTE Phone #: (833) 777-6398

MLS: StellarMLS #TB8321043

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