1811 Palma Sola Blvd., Bradenton, FL 34209
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$640,000
Sold on 8/30/19
Beds Baths Sq. Ft. Taxes Built
3 2.00 2,154 $4,039 1963
On the market: 442 days
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BELOW APPRAISAL *PRICE REDUCTION ON* Appraisal (attached): Cost Approach $992,300/Sales Approach $850,000. Spacious 2,150 sq.ft. 3BR/2BA Waterfront Old Florida Style residence on Palma Sola Bay. Includes Deep Water Dock & Lift with power & water connected. Residence offers Vacation Living 365 Days a Year. Inside features Front Florida Room with Fantastic Water Views, Spacious Open Floor Plan, Split-Bedroom design and 2nd Florida Room in the back adjacent to the Kitchen& Dining Area. The 2nd Florida Room opens onto the Expansive Fenced Back Yard offering ample space to add a Pool, Garage, Guest House or Storaging your Boat, RV or Trailer. A Waterfront Boating & Fishing Paradise just minutes from the Beautiful Gulf Beaches..."50% FEMA Rule" Appraisal of $570,000, The 50% FEMA Rule Appraisal gives property owners an understanding of how much money they are allowed to spend to Add Onto, Improve, or Repair a property Without Elevating or otherwise bringing the structure into compliance with current FEMA standards. A garage type structure doesn't go against the expansion allowance. This Properties FEMA Appraisal is $570,000 for the "50% FEMA Rule" and equates to $285,000 worth of expansion is Allowed To The Ground Floor. Example: At a construction cost of $250.00 per sq.ft., the additional living space allowed to existing ground floor would be 1,140 sq.ft. for a total of 3,329 sq.ft. Gross Living Area. A lower per Sq. Ft. cost applied would equate to more additional living area.
Listing courtesy of Clay OSteen & Jonathan O'Steen, O'STEEN GROUP INC & O'STEEN GROUP INC