4 months on rocket

502 16th Ave E, Palmetto, FL, 34221

$814,000

Home List Price

$9,666*

Closing Credit

2 Bedrooms
2 Full Baths, 1 Partial
1,957 SqFt
$416/SqFt
House
Schools Nearby

Location

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502 16th Ave E, Palmetto$814,000

Buyer Closing Credits

$9,666*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Attached Garage2 spaces
Year Built2021
HeatingCentral, Electric
CoolingCentral Air
WaterfrontCanal
ViewWater
MLS #A4591727
Lot Size0.15 Acres
StatusActive

About 502 16th Ave E

Welcome to the luxurious boating lifestyle of Sanctuary Cove - the ultimate experience of Florida living. This stunning 2021 Lennar-built residence spans 1,957 square feet and features 2 bedrooms, 2 full baths, 1 half bath, a den/office, and a 2-car garage. The gorgeous home boasts a gourmet kitchen with a gas cooktop, stainless steel oven, a built-in refrigerator, quartz countertops, a spacious center island, upgraded cabinets, a walk-in pantry, and more. The kitchen seamlessly opens to a spacious great room filled with natural light and a water view, making it an ideal space for hosting and entertaining. The masterfully designed split floor plan showcases high ceilings, and the master suite boasts a walk-in closet, a lavish bathroom with a frameless glass shower, and double sinks. Enjoy breathtaking sunrises overlooking the freshwater canal from the screened patio. Sanctuary Cove is a maintenance-free gated coastal community nestled along the Manatee River, complete with an array of rich amenities and attractions, such as a beautiful clubhouse, private freshwater lock-lift marina, community heated pool and hot tub, fitness center, pool table, ping pong, family/TV room, kitchen, bathrooms, and a private beach. Explore the beauty of the Manatee River, Gulf of Mexico, Terra Ceia Bay, and Tampa Bay with easy access to downtown Bradenton, Sarasota, Anna Maria Island, and beyond.

Property Details

Property Features

Property Information:

  • Year Built: 2021
  • Stories: 1
  • Living Area: 1,957 SqFt

Listing Office:

  • Office Name: EXIT KING REALTY
  • Office Phone: (941) 497-6060
  • Listing Agent: Matthew Greiner

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Gas Water Heater, Microwave, Refrigerator, Washer
  • Flooring Type: Carpet, Ceramic Tile, Tile
  • Interior: High Ceilings, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Primary Bedroom Main Floor, Open Floorplan, Split Bedroom, Walk-In Closet(s), Window Treatments

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: Canal
  • View: Water
  • Exterior: Irrigation System, Sidewalk

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes

Virtual/3D Tour

  • Virtual Tour: 502 16th Ave E

Virtual Tour

Lot Features

Lot Information:

  • Lot: Cul-De-Sac, Sidewalk, Dead End Street
  • Lot Size: 0.15 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Palmetto High School, Public District Grades 9-12
  • Lincoln Middle School, Public Magnet Grades 6-8
  • James Tillman Elementary School, Public Magnet Grades PK-5

Other

Directions Information:

  • Directions: From i75 head west on US-301 S., Turn left onto Sanctuary Cove Way., At the stop sign turn right onto 16th Ave E. The last home on the left before the cul-de-sac. No sign.

Price Information

Listing Price Info

Price Summary:

  • List Price: $814,000
  • Price Per SqFt: $416/SqFt

HOA Fees:

  • Amount: $333
  • Frequency: Quarterly

Tax Information:

  • Annual Amount: $987
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Palmetto, FL.

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Palmetto, FL

City

Med. Sold Price

$397.4K

Med. Price/SqFt

$224

Avg. Days On Market

59

# of Sold Homes

97

502 16th Ave E vs Palmetto

142 DAYS ON ROCKET

+83 Days

$814,000

+$416.6K More

$416/SqFt

+$192 More

KEY TAKEAWAY

This property is $416.6K more than the Median Sold Price and $192/SqFt more than other homes in Palmetto, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #A4591727

Listing Office:

  • Office Name: EXIT KING REALTY
  • Office Phone: (941) 497-6060
  • Listing Agent: Matthew Greiner

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.

Last updated on: 4/27/2024, 8:19:16 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Apr 01, 2021Home Sold
$447,700
Sep 21, 2020Home Sold
$4,586,800

Tax History

YEARPROP. TAXASSESSMENT
2020$987$90,000
2018$444$22,000
2017$444$22,000

History based on county public records data.

Payment Calculator

$4,241

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,507

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1589193
7
/10

  • James Tillman Elementary School

  • 1415 29th St E

  • 1.61 miles

  • Public Magnet Grades PK-5

Middle School

school-card-donut-1589194
2
/10

  • Lincoln Middle School

  • 305 17th St E

  • 1.16 miles

  • Public Magnet Grades 6-8

High School

school-card-donut-1589195
3
/10

  • Palmetto High School

  • 1200 17th St W

  • 2.12 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $58,729. The most common annual income of people living in Palmetto, FL is between $35k-100k. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 502 16th Ave E

What is the listing price of this property?

The listing price of 502 16th Ave E property is $814,000.

What type of property is this?

The property 502 16th Ave E is a house located in Palmetto, Florida, 34221.

Is this property for sale now?

Active Listing: 502 16th Ave E is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 502 16th Ave E are:
James Tillman Elementary School: GreatSchools Rating 7/10
Lincoln Middle School: GreatSchools Rating 2/10
Palmetto High School: GreatSchools Rating 3/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $987 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on April 1, 2021 for $447,700. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 502 16th Ave E has 2 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 502 16th Ave E is 1,957 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 502 16th Ave E is 2021.

Rocket Homes›Florida›Manatee County›Palmetto›34221›502 16th Ave E

This home is located at 502 16th Ave E in Palmetto, FL and zip code 34221. This 1,957 square foot home, which was built in 2021, sits on a 0.15 acre lot. Features: 2 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since December 07, 2023 and is currently priced at $814,000.

In March 2024, from all listings sold in Palmetto, FL there were more than 6 sold above asking price, over 65 sold below and more than 26 were sold right at the asked price. The number of homes for sale in Palmetto, FL increased by 8.7% between February 2024 and March 2024. While the average time on the market in March 2024 was 59 days, the median list price was $397,400.

From Rocket Homes Real Estate and based on county public records data.

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