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$525,000

Beds
2
Baths
2.0
sq ft
1,128

501 Gulf Dr N Unit 214, Bradenton Beach, FL 34217

501 Gulf Dr N Unit 214

BRADENTON BEACH, FL 34217

  • 81 days on market
    • Price drop $20,000↓
BRIDGEPORT IS IN THE MIDDLE OF A LARGE-SCALE BUILDING RENOVATION. SPECIAL ASSESSMENTS HAVE BEEN PAID BY THE SELLER!!! Welcome to Bridgeport in Bradenton Beach, a popular Gulf to Bay complex in the perfect location! You’ll love this 2 bedroom / 2 bath condo with partial views of the beautiful Gulf Beaches! This unit offers newer appliances, newer AC, new shaker kitchen cabinets, new quartz countertops, new washer & dryer, as well as a NEW ROOF! The Bridgeport community has a heated swimming pool, designated parking, and DEEDED BEACH ACCESS directly ACROSS THE STREET! Use the footpath under the Cortez Bridge and take a leisurely stroll to historic Bridge Street where you can enjoy shopping, dining, and vibrant Island nightlife! If this FANTASTIC LOCATION is not enough; take comfort in knowing that Bridgeport on Bradenton Beach is in the process of a massive renovation project. Bridgeport renovation project is expected to be completed by January 2025. Building Upgrades Include: New Roof, Concrete Repairs to entire building, New Exterior Railings, Resurfacing of All Walkways and Lanai’s, Repainting of the entire building, Renovate the pool area, Adding new lighting to the stair wells. Don’t wait too long as the prices of these units will go up after the renovation is complete! NOTE: Property Information received from third-party sources is considered reliable but is not guaranteed. All information should be independently verified by buyers and buyers' agent.

Details

Property type

Condominium

Est. home value

$518,550

Lot size

Unknown

Price per sq ft

$466

Year built

1982

Annual property taxes

$6,113.88

Monthly HOA fee

$948

Price History

11/02/2024
StellarMLS

StellarMLS #A4620568

Price change
$525,000
-3.67%
09/20/2024
StellarMLS

StellarMLS #A4620568

Listed
$545,000
09/12/2024
StellarMLS

StellarMLS #A4620568

Pending
$545,000

Schools & Community

Elementary school: 

Anna Maria Elementary

Middle school: 

Martha B. King Middle

High school: 

Manatee High

Community features: 

Pool

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

$394,469
Asking price
$525,000
Closing costs (~8% of asking)
-$42,000
Est. remaining loan balance
-$88,531
Cash to seller
$394,469

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

Seller’s Loan History

Lender

Gulf Coast Bank & Trust Co

Loan start date

June 2018

Original loan amount

$100,000

Est. remaining balance

$88,531

Interest rate

4.55%

Loan type

New Conventional, 30 year

Seller

Philip C Otto and Donna M Otto

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: 11/08/2024 at 7:40 AM

Listing updated: 11/02/2024 at 9:33 AM

Listed by: Jason Hrnak, IVP OF FLORIDA INC Phone #: (941) 778-1000

MLS: StellarMLS #A4620568

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