Owner
$624,403
1050 RIVERSIDE DR APT A503, PALMETTO, FL
Quick Facts
owner occupied
No
vacant
No
corporate owner
No
beds
2
baths
2
sq. ft.
2,280
property type
Condominium Unit (Residential)
hoa
Yes
About
Residential
Building Quality C
Average Condition
Living Area
2 Stories
No Basement
Central
Masonry
Central
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1984
Building Size
2,280 sq ft
Lot Size
85,138 sq ft
Lot Size (Acres)
1.95 acres
Distressed Property Status
In Pre-foreclosure
Property
Notice of Sale Filed
Property
Notice of Default Filed
Property
Scheduled for Auction
Property
Filing Date
Property
Property Location Details
Parcel Number (APN)
31221-0120-1
County
Manatee County, Florida
Metro Area
North Port-Bradenton-Sarasota, FL
Zoning
PL_CG
Neighborhood/Subdivision
REGATTA POINTE PHASE I
Lot Number
A503
School District
Manatee County School District
Legal Description
UNIT A503 REGATTA POINTE CONDO PHASE I PI#31221.0120/1
Tax & Value Information
Market Value (Total)
$573,750
Building Value
$573,750
Land Value
$0
Annual Property Tax
$9,860
Tax Assessment Year
2024
Assessed Value
$573,750
Last Assessment Year
2024
Original Primary Mortgage
Property
Primary Mortgage Type
Property
Original Secondary Mortgage
Property
Secondary Mortgage Type
Property
Current Mortgage Amount
Property
Current Mortgage Type
Property
Interest Rate
Property
Loan Term
Property
Lender Name
—
Last Sale Contract Date
5/26/2016
Recording Date
6/10/2016
Sales Document #
2016.7235
Primary Owner
Property
Co-Owner
Property
Previous Owner
Property
Previous Co-Owner
Property
Recent sales Comparables
Estimated Value:
$0
Average Price per Sq.Ft.: $0.00
Sales Comparables
Real Estate Investment Analysis
Evaluate this property as a fix & flip opportunity
Estimated Profit
$24,161
Return on Investment
15.60%
After Repair Value
$686,843
Basic Inputs
Financing
Down Payment
20%
Interest Rate
6.5%
Loan Term (Years)
30
Holding Period (months)
6
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Analysis Details
Purchase Price
$561,963
Renovation Cost
$31,220
Closing Costs (buying)
$11,239
Holding Costs
$17,050
Selling Costs
$41,211
Total Investment
$154,852
After Repair Value (ARV)
$686,843
Total Costs
$662,682
Estimated Profit
$24,161
Cash Invested
$143,613
Return on Investment
15.60%
Return on Cash Invested
16.82%
Nearby Schools
No Elementary School nearby
No Middle School nearby
No High School nearby
Properties owned by investors
Income Distributions
Ethnicity Distributions
Chart
Yearly Purchases
Connex Segmentation Clusters
Area Profile for Investors
Quiet Residential
Walkability
Poor
(0 POIs within 1mi)
Amenities Within 0.5mi
0
locations
Schools Within 1mi
0
schools
Area Class
A
class
Investor Insight
This is a quiet residential area with 0 amenities within 1 mile.
The area has limited nearby amenities.
Key features for tenant appeal:
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Key Amenities in the Area