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1301 3rd Street Circle E
Palmetto, FL 34221
$749,999
Conventional
Property
Bedroom
4
Bathroom
4
Property Type
Conventional
Square ft
2848
Property Description
Come experience true waterfront living in this beautiful, Tuscan style riverfront townhome boasting 4 bedrooms and 4 bathrooms with a deeded boat slip that already has a 16,000 lb boat lift in place located in the gated community of The Hammocks at Riviera Dunes. Slip #34 will accommodate a 35 foot vessel and has custom built stairs and dual aluminum bunks and offers direct gulf access. This meticulously maintained end unit is sure to please even the pickiest of buyers. This home boasts over 2,800 square feet of living space, encompassing 3 different floors, which comes with its own private elevator. The first floor consists of the oversized garage equipped with a Tesla Charger along with the 4th bedroom, which could serve as a multi-functional space, such as a home theater, home office, or even an in-law suite, as it has its own ensuite bathroom. On the second floor, you have the kitchen, which sits at the heart of the home. Along with the kitchen, you will find the dining space, living room, along with another guest bedroom and full bathroom. This level captures fantastic views as well. The kitchen is accented with newer Bosch stainless steel appliances, which were upgraded in 2021. The kitchen opens up to the living space, which is perfect when you are entertaining family and neighbors. Granite countertops, backsplash, and a more than ample pantry round out the kitchen space. The two story screened cage with spiral case is also a nice feature that was just recently added. On the third floor, you will find the spacious owner's suite, with million dollar views of the Manatee River and beyond. Enjoy a morning cup of coffee from your private screened balcony just off of the owners suite. The walk in closet will accommodate any wardrobe! Also on this floor is another guest bedroom with an ensuite bathroom as well as the laundry room, which comes equipped with newer (2022) LG washer and dryer. The home also was just recently updated with a new Trane A/C unit. Enjoy Pickle-ball, tennis, workout equipment, and swimming pool at the amenity center. Quarterly HOA fees include Insurance (both exterior Hazard and external FEMA Flood), Cable TV, internet, 2 Pools, Fitness Center, Tennis & Pickle-ball Court, Exterior Painting, Roofing, Landscaping, ADT Security system monitoring, Fire Sprinklers, Termite bond, Riviera Dunes marina, nature walk, docks, and property manager. Riviera Dunes is conveniently located near shopping, restaurants, schools, hospitals, airports, I-75 and I-275, and the world renowned white sandy beaches. Hurry and put this one on your list today before someone else snags your piece of Florida Paradise!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2005
MLS Number
A4607077
Location
Address
1301 3RD STREET CIRCLE E
City
PALMETTO
State
FL
Zip Code
34221
County
MANATEE (NORTH)
Listing
Provider
Tim Lester International Realty Inc., original listing
Name
Tim Lester International Realty Inc.
Phone
(941) 524-8465
Office Name
TIM LESTER INTERNAT'L REALTY
Office Phone
(941) 981-5388
Agent Name
Tim Lester

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.