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$550,000

Beds
2
Baths
2.0
sq ft
1,726

2502 Riverside Dr E, Bradenton, FL 34208

2502 Riverside Dr E

BRADENTON, FL 34208

  • 2 days on market
Priced to Sell - Hard to find any better waterfront property directly on the Manatee River. Watch the sun go down to the west and rise to the east. Opportunity to own directly on Ayers point in the Historic Gem of East Bradenton's Manatee River Neighborhood. The seller has decided to let the new owner decide if they want to tear down or rehab. No deed restrictions and no HOA. The main home features 2 bedrooms and 2 baths on a corner lot accompanied by a charming cottage that offers endless possibilities—whether you choose to refurbish or start anew. Key Features: Main Home: 2-bedroom, 2-bath home Cottage: Potential to tear down and build to your preference or refurbish for additional space. Carport: A newer metal carport offering shade and storage for vehicles and toys. Prime Location: Centrally located in East Bradenton, providing easy access to public transportation, the riverwalk, and downtown amenities. Investment Potential: The city of Bradenton is actively investing in revitalizing the downtown area, adding immense value to the neighborhood. Opportunity: Selling As-Is: The seller has decided to offer this property as-is, allowing the new owner to decide on rehabilitating the existing structures or demolishing them to build according to current flood codes. This approach not only ensures compliance but also helps save on insurance and mitigates future risks of wind or flood damage. Unmatched River Life: Enjoy the serene river lifestyle on this corner parcel with direct access to waterway adventures, gulf access, waterfront dining, and scenic views and sea life from dolphins to sandhill cranes.

Details

Property type

Single Family Residence

Lot size

0.26 acres

Price per sq ft

$319

Year built

1946

Annual property taxes

$6,887

HOA

No

Price History

01/06/2025
StellarMLS

StellarMLS #A4634294

Listed
$550,000
+313.84%
02/11/2011
StellarMLS

StellarMLS #M5818319

Sold
$132,900

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

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

Lender

Citibank Fsb

Loan start date

October 2005

Original loan amount

$75,000

Est. remaining balance

Not provided

Interest rate

5.24%

Loan type

Credit Line (Revolving), 30 year

Seller

Christopher M Culhane

Lender

Lehman Brothers Bank Fsb

Loan start date

October 2005

Original loan amount

$356,250

Est. remaining balance

Not provided

Interest rate

5.8%

Loan type

Fannie Mae/Freddie Mac, 30 year

Seller

Christopher M Culhane and Ericka S Culhane

Lender

Butler Capital Corp

Loan start date

September 2005

Original loan amount

$150,000

Est. remaining balance

Not provided

Interest rate

5.89%

Loan type

Not Provided

Seller

Christopher M Culhane and Ericka S Culhane

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 1:45 AM

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

Listed by: Linda Seybold, KW SUNCOAST Phone #: (941) 792-2000

MLS: StellarMLS #A4634294

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