1 month on rocket

502 7th Ave W, Palmetto, FL, 34221

$445,000

Home List Price

$5,284*

Closing Credit

3 Bedrooms
2 Full Baths, 1 Partial
1,693 SqFt
$263/SqFt
House
Schools Nearby

Location

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502 7th Ave W, Palmetto$445,000

Buyer Closing Credits

$5,284*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
ParkingBoat, Driveway, Garage Door Opener, Oversized, Parking Pad, Workshop in Garage
Garage2 spaces
Year Built1905
HeatingCentral
CoolingCentral Air, Wall/Window Unit(s)
Private PoolYes
MLS #A4597327
Lot Size0.34 Acres
StatusActive

About 502 7th Ave W

$5,000 Flex Cash incentive being offered!! This can be used towards closing costs, a rate buy down, etc. Rare Opportunity! Welcome to your charming retreat, just a few blocks away from the Manatee River. Nestled in the historic district of Palmetto, this 3-bedroom, 3-bath home features a bonus room, a delightful pool, fenced in yard, and an oversized detached 2-car garage on a spacious corner lot. With a new roof in 2020 and recently remodeled kitchen including luxury vinyl floors, fresh paint, and appliances, this home offers comfort without the worry of flood insurance or HOA fees. New duct work and ozone cleaner along with having natural gas. Relax on the large front porch or entertain on the new pool deck and expansive back covered patio. You'll also notice a street light that is privately owned by the sellers, giving extra security for their backyard and driveway. Enjoy the convenience of a prime location that 1/5 a mile from the boat ramp and marina, 1 mile to downtown Bradenton, near shops, dining, parks, major highways. Don't miss out on this opportunity to own a move-in ready pool home in one of the most sought after neighborhoods in the area.

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow, Other
  • Year Built: 1905
  • Stories: 1
  • Living Area: 1,693 SqFt

Listing Office:

  • Office Name: KW SUNCOAST
  • Office Phone: (941) 792-2000
  • Listing Agent: Stephanie Paxton

Interior Features

Interior Information:

  • Appliances: Convection Oven, Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Washer
  • Flooring Type: Carpet, Luxury Vinyl
  • Interior: Cathedral Ceiling(s), Ceiling Fans(s), Primary Bedroom Main Floor, Solid Wood Cabinets, Split Bedroom, Vaulted Ceiling(s), Walk-In Closet(s), Window Treatments

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • Exterior: Irrigation System, Lighting, Rain Gutters, Sprinkler Metered, Storage

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Boat, Driveway, Garage Door Opener, Oversized, Parking Pad, Workshop in Garage

Virtual/3D Tour

  • Virtual Tour: 502 7th Ave W

Virtual Tour

Lot Features

Lot Information:

  • Lot: Corner Lot, City Lot, Near Public Transit, Sidewalk, Bricked Street, Paved
  • Lot Size: 0.34 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air, Wall/Window Unit(s)

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 Bradenton take BizRt 41 North (turns into 8th Ave W in Palmetto), left on 5ths St, home is on the NE corner of 5th and 7th Ave W.

Price Information

Listing Price Info

Price Summary:

  • List Price: $445,000
  • Price Per SqFt: $263/SqFt

Tax Information:

  • Annual Amount: $2,396
  • 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

$396K

Med. Price/SqFt

$223

Avg. Days On Market

71

# of Sold Homes

91

502 7th Ave W vs Palmetto

35 DAYS ON ROCKET

-36 Days

$445,000

+$48.9K More

$263/SqFt

+$40 More

KEY TAKEAWAY

This property is $48.9K more than the Median Sold Price and $40/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: #A4597327

Listing Office:

  • Office Name: KW SUNCOAST
  • Office Phone: (941) 792-2000
  • Listing Agent: Stephanie Paxton

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: 5/2/2024, 11:49:32 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

Sep 12, 2016Home Sold
$190,000

Tax History

YEARPROP. TAXASSESSMENT
2020$2,396$152,304
2018$2,148$146,104
2017$2,148$143,099

History based on county public records data.

Payment Calculator

$2,288

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,401

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-5169779
7
/10

  • James Tillman Elementary School

  • 1415 29th St E

  • 2.07 miles

  • Public Magnet Grades PK-5

Middle School

school-card-donut-5169780
2
/10

  • Lincoln Middle School

  • 305 17th St E

  • 0.98 miles

  • Public Magnet Grades 6-8

High School

school-card-donut-5169781
3
/10

  • Palmetto High School

  • 1200 17th St W

  • 1.12 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 $33,402. The most common annual income of people living in Palmetto, FL is less than $35k. The majority of families are single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 502 7th Ave W

What is the listing price of this property?

The listing price of 502 7th Ave W property is $445,000.

What type of property is this?

The property 502 7th Ave W is a house located in Palmetto, Florida, 34221.

Is this property for sale now?

Active Listing: 502 7th Ave W 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 7th Ave W 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 $2,396 (source: MLS/based on county public records data).

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

The last sale was on September 12, 2016 for $190,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 502 7th Ave W has 3 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 502 7th Ave W is 1,693 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 502 7th Ave W is 1905.

Rocket Homes›Florida›Manatee County›Palmetto›34221›502 7th Ave W

This home is located at 502 7th Ave W in Palmetto, FL and zip code 34221. This 1,693 square foot home, which was built in 1905, sits on a 0.34 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since March 28, 2024 and is currently priced at $445,000.

While more than 10 listings in Palmetto, FL in April 2024 were sold above asking price, there were more than 33 listings sold at asking price, and more than 48 were sold below. The inventory of homes for sale in Palmetto, FL between March 2024 and April 2024 decreased by 4.3%. While the average time on the market in April 2024 was 71 days, the median list price was $396,096.

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

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