tomo logo

$599,000

Beds
3
Baths
2.0
sq ft
1,716

524 Palm Ave, Ellenton, FL 34222

524 Palm Ave

ELLENTON, FL 34222

  • 2 days on market
WATERFRONT DIAMOND IN THE ROUGH JUST SECONDS TO THE RIVER! Priced at land value, this property can be used to build the home of your dreams from the ground up, or bring your vision and recreate a home with the current structure. Home sustained flood damage in 2024 and has since been professionally remediated. While the inside is ready to finish, many elements remain in fabulous condition including a new 2024 METAL ROOF, 2023 HVAC, 2016 BOAT LIFT/DOCK with Timbertech composite and PVC decking, and a quintessential Florida swimming pool. In addition, impact windows and sliders were upgraded at the rear of the home, and pool equipment was replaced less than 2 years ago (heater has not been used since storm). Have an EV? The home already prewired with an outlet. Ideal location convenient to downtown Bradenton, Ellenton shopping, St. Petersburg, the vibrant Sarasota area, easy access to 3 airports, I-75, and world famous beaches and fishing! No need to get in your car...just lower your boat and spend the day on the water. Great investment spot for water enthusiasts looking for a more central location that puts you close to just about everything.

Details

Property type

Single Family Residence

Est. home value

$681,243

Property condition

Fixer

Lot size

8,799 sq ft

Price per sq ft

$350

Year built

1957

Annual property taxes

$4,276.29

HOA

No

Price History

01/06/2025
StellarMLS

StellarMLS #A4634509

Listed
$599,000
-14.31%
07/21/2022
StellarMLS

StellarMLS #A4504105

Sold
$699,000
+121.9%
05/26/2016
StellarMLS

StellarMLS #A4149579

Sold
$315,000
+101.92%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

-$72,572
Asking price
$599,000
Closing costs (~8% of asking)
-$47,920
Est. remaining loan balance
-$623,652
Cash to seller
-$72,572

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

Seller’s Loan History

Lender

Rocket Mortgage Llc

Loan start date

July 2022

Original loan amount

$647,200

Est. remaining balance

$623,652

Interest rate

5.09%

Loan type

New Conventional, 30 year

Seller

Christopher Leister and Abigail Goff

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 1:50 AM

Listing updated: 01/07/2025 at 10:33 AM

Listed by: Kathy McKinnon, POINT SOUTH REALTY PA Phone #: (239) 728-8165

MLS: StellarMLS #A4634509

StellarMLS logo

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