tomo logo

$799,900

Beds
2
Baths
2.5
sq ft
1,957

502 16th Ave E, Palmetto, FL 34221

502 16th Ave E

PALMETTO, FL 34221

  • 111 days on market
One or more photo(s) has been virtually staged. Pride of ownership is exhibited in this luxurious waterfront home in the exclusive boater’s community of Sanctuary Cove. At the end of a cul-de-sac, you will instantly notice this home's beautiful curb appeal with its paved driveway, lush tropical landscaping and barrel tile roof. Walking in through the designer glass front door you immediately notice the spectacular water view in the back of the living area! This stunning open-concept modern two-bedroom, 2.5 bath split floor plan plus den and office is absolutely gorgeous. Just off the foyer is the flex room, a great space to use as a home office/den, exercise room and can easily be enclosed to make a third bedroom. The tray ceiling in this room gives it an even grander feel. Just past the flex room is a convenient half bath for guests. The hallway beyond the foyer leads you to the luxurious open kitchen that overlooks the huge great room. The modern chef's kitchen includes 42-inch ivory cabinets, beautiful subway tile backsplash, under-cabinet lighting, quartz countertops, gas cooktop range, stainless steel hood, GE profile stainless steel appliances including double wall oven, recessed LED lighting, large walk-in pantry with ventilated wood shelving, counter height island with sink and which provides additional seating. The kitchen opens to a spacious great room with dining and living area all flowing together, with an abundance of natural light and stunning water views, making it the ideal space for hosting and entertaining. Just off the great room is the primary bedroom, which includes tray ceiling and glass inset door that leads you to the lanai. Your luxurious en-suite bath includes large frameless glass walk-in shower with rainfall shower head, built-in bench, floor-to-ceiling tile, dual sinks with quartz countertops, private toilet room and large walk-in custom-built closet. A hallway just off the kitchen leads to a guest bedroom and full bath with quartz countertops that feature a pocket door leading to the bedroom. The laundry room is also just off this hallway and includes Samsung washer and dryer, linen closet, plus built-in cabinets to store all your laundry and cleaning supplies. A handy drop zone/mini office area is also in the hallway just outside the laundry room and includes cabinets, drawers and quartz countertops. Triple sliders just off the great room lead you to your slice of paradise, the covered lanai with sweeping panoramic screen for unobstructed water views, which is ideal for the outdoor lifestyle. The backyard offers plenty of space to add a pool or to let your pets run around, plus the opportunity to add a private dock and boat lift, making it convenient for water enthusiasts to indulge and explore the open waters. Other upgrades include hurricane impact-resistant window and doors throughout, 8-foot shaker-style interior doors, tall modern baseboards, ceiling fans with lights, Ring doorbell camera, epoxy floors in garage, gas water heater, and myQ Wi-Fi garage door opener. No flood insurance required. Sanctuary Cove is a desirable resort-style, maintenance-free community with a beautiful clubhouse with game room, community pool, spa, full kitchen and meeting room that you can reserve for private events. Along the shoreline of the Manatee River with easy access to the gulf. The private beach offers a launch area and storage for kayaks, fishing sites, picnic patio and grills to entertain your out-of-town guests.

Details

Property type

Single Family Residence

Est. home value

$749,545

Lot size

6,499 sq ft

Price per sq ft

$409

Year built

2021

Annual property taxes

$9,489.94

Monthly HOA fee

$119.33

Price History

09/04/2024
StellarMLS

StellarMLS #A4622113

Listed
$799,900
-1.73%
07/01/2024
StellarMLS

StellarMLS #A4591727

Removed
$814,000
06/08/2024
StellarMLS

StellarMLS #A4591727

Listed
$814,000

Schools & Community

Elementary school: 

James Tillman Elementary

Middle school: 

Lincoln Middle

High school: 

Palmetto High

Community features: 

Gated, Clubhouse, Fitness Center, Park, Playground, Pool, Sidewalks, Tennis Court(s)

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

$407,557
Asking price
$799,900
Closing costs (~8% of asking)
-$63,992
Est. remaining loan balance
-$328,351
Cash to seller
$407,557

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

Seller’s Loan History

Lender

Lennar Mortgage Llc

Loan start date

March 2021

Original loan amount

$358,092

Est. remaining balance

$328,351

Interest rate

2.73%

Loan type

New Conventional, 30 year

Seller

Christopher Michael Haney and Darlene Marie Griffin

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: 12/23/2024 at 9:45 PM

Listing updated: 11/03/2024 at 10:09 AM

Listed by: Nathan Mathers, PREMIER SOTHEBYS INTL REALTY Phone #: (941) 383-2500

MLS: StellarMLS #A4622113

StellarMLS logo

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