1121 7th STREET W, #A & B, Palmetto, FL, 34221 | $408,900

Incredible opportunity in north Manatee county in the quaint Historic District of Palmetto, this former single family home now zoned duplex will delight you! Great for multi-generational use, or as income producing investment property for vacation or long term rentals. Unit A is a 1/1 with wood floors and lots of light; screened in lanai is right off the kitchen dining room combo large enough for small office area. Unit B is 2/1, dining or play room; there’s a separate laundry room and a large 1 car garage, and a shed in the backyard. With no HOA or CDD, this versatile property has plenty of space for trailers, boats, RV’s, and more. Very close to Sutton Park, the beautiful Manatee River, Emerson Point State Preserve, Safe Harbor Regatta Pointe, and easy access to St Pete, Tampa, Orlando, and Sarasota/Naples including some of the best shopping and coastal beaches. Truly a wonderful area!

Features

  • Units: 2
  • Lot Size: 100 x 90
  • Laundry: Laundry Room
  • Year Built: 1955
  • Garage: 1-car
  • Heating: Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 1,900
  • Acreage: 0.21
  • Lot Size: 100 x 90
  • Est. Taxes: $6,574
  • Elem. School: Palmetto Elementary-MN
  • Middle School: Lincoln Middle
  • High School: Palmetto High
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • MLS#: A4625006
  • Days on Market: 19 days
  • Website: https://www.raveis.com
    /prop/A4625006/11217thstreetw_palmetto_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 11/8/2024 4:47:10 PM)
Listing courtesy of LPT Realty   Phone: 877-366-2213

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

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1121 7th STREET W, #A & B, Palmetto, FL, 34221

$408,900

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $327,120 $327,120 $327,120
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.875% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.551% 7.042% 6.160%
Monthly Tax Payment $548 $548 $548
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,176 $2,149 $2,759
Total Monthly Payment $2,799 $2,772 $3,382

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.