tomo logo

$439,000

Beds
4
Baths
2.0
sq ft
1,812

406 116th St E, Bradenton, FL 34212

406 116th St E

BRADENTON, FL 34212

  • 24 days on market
Opportunity Awaits! Discover the untapped potential of this spacious 4-bedroom, 2-bathroom pool home, perfectly nestled on a serene and private lakefront lot. Featuring soaring ceilings, an open floor plan, generous closets, and a large two-car garage, this home is ready for your personal touch. With over 1,800 sq. ft. of living space and an expansive screened lanai, there’s plenty of room to relax and entertain. Located in Gates Creek, a desirable Centex-built community, you’ll enjoy a friendly neighborhood with a playground and picnic area just around the corner. Conveniently situated off Upper Manatee River Road, Lakewood Ranch Blvd, and SR 64, commuting is a breeze, and shopping and dining at The Marketplace at Heritage Harbour are just minutes away. Major updates include a new shingle roof (2021) and a new water heater (2022) for added peace of mind. Plus, the seller is offering a one-year home warranty with an acceptable offer. Don't miss this chance to create your dream home—schedule your showing today!

Details

Property type

Single Family Residence

Est. home value

$464,235

Lot size

7,144 sq ft

Price per sq ft

$243

Year built

1999

Annual property taxes

$1,662.34

Monthly HOA fee

$59.33

Price History

02/07/2025
StellarMLS

StellarMLS #A4639453

Listed
$439,000
+158.24%
07/01/2009
StellarMLS

StellarMLS #M5804180

Sold
$170,000

Schools & Community

Elementary school: 

Freedom Elementary

Middle school: 

Carlos E. Haile Middle

High school: 

Parrish Community High

Community features: 

Park, Sidewalks

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

$239,464
Asking price
$439,000
Closing costs (~8% of asking)
-$35,120
Est. remaining loan balance
-$164,416
Cash to seller
$239,464

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

Seller’s Loan History

Lender

Embrace Home Loans Inc

Loan start date

March 2016

Original loan amount

$202,991

Est. remaining balance

$164,416

Interest rate

3.79%

Loan type

FHA, 30 year

Seller

James L Peterson and Marcia S Peterson

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: 03/03/2025 at 11:55 PM

Listing updated: 03/01/2025 at 2:12 PM

Listed by: Maryann Lawler Garcia, WAGNER REALTY Phone #: (941) 761-3100

MLS: StellarMLS #A4639453

StellarMLS logo

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