tomo logo

$685,000

Beds
4
Baths
3.0
sq ft
2,945

601 5th St W, Palmetto, FL 34221

601 5th St W

PALMETTO, FL 34221

  • 57 days on market
    • Price drop $14,900↓
This is the breathtaking historical home you've been dreaming of! It was fully updated 2017, yet its still as charming as the day it was built in the early 1900s. This stunner has two side porches off of the kitchen, an upper deck off the primary bedroom, and a covered front porch with a charming porch swing to enjoy the mature landscaping on a beautiful spring morning. You'll love the raised garden with irrigation, plenty of parking for all of your toys, and gorgeous hardwood floors throughout. On a cold winters night light a fire in the living room fireplace and heat the entire home. There's a second fireplace in the downstairs bedroom that also has an ensuite bathroom with a clawfoot tub! Talk about romance! Out back, you can pick ripe bananas and mangos, take in the beauty of the many flower trees, and even raise your own chickens for farm fresh eggs. The solar panel on the roof is paid off and fully transferrable and there are 2 AC units to ensure proper cooling on both floors. The hurricane impact windows provide a sense of security, too! This would make a fantastic holiday home, forever home, or even a business. The possibilities are endless! Located a few yards away from the front yard is Connor Park and two blocks away is the Palmetto Marina, as well as downtown shopping and dining. Come see what makes this home so magical!

Details

Property type

Single Family Residence

Est. home value

$631,303

Lot size

0.3 acres

Price per sq ft

$233

Year built

1926

Annual property taxes

$7,555

HOA

No

Price History

10/15/2024
StellarMLS

StellarMLS #A4623906

Price change
$685,000
-2.13%
09/19/2024
StellarMLS

StellarMLS #A4623906

Listed
$699,900
+41.39%
02/04/2022
StellarMLS

StellarMLS #A4506266

Sold
$495,000

Schools & Community

Neighborhood: 

Midtown

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

$210,470
Asking price
$685,000
Closing costs (~8% of asking)
-$54,800
Est. remaining loan balance
-$419,730
Cash to seller
$210,470

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

Seller’s Loan History

Lender

Angel Oak Mortgage Solutions Llc

Loan start date

January 2022

Original loan amount

$445,500

Est. remaining balance

$419,730

Interest rate

3.12%

Loan type

New Conventional, 30 year

Seller

Amber Childers and Jason Deemer

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: 11/15/2024 at 5:50 AM

Listing updated: 10/15/2024 at 1:00 PM

Listed by: Becka Guilfoyle, ZHUZH SRQ Phone #: (941) 929-3003

MLS: StellarMLS #A4623906

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