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This beautiful property at 521 Spring Avenue in Anna Maria, Florida is located in the desirable Anna Maria Beach subdivision. The lot, numbered 23 in Block 1, spans 7,540 square feet with a depth of 145 feet and a width of 51 feet. The residential building, built in 1983, boasts 3 bedrooms, 2 full bathrooms, and 1 partial bathroom, with a total of 1,204 square feet of living space on the ground floor. The property's assessed value is $1,529,462, with $649,015 in improvements and $880,447 in land value. With a market improvement percentage of 42, the market value is also $1,529,462. Previous sale data reports the property sold for $468,000. Cooling and heating are provided by central systems, and the property has 4 total rooms and 2 stories, with 1 unit on the property.
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In most states, the history of a loss of life in a home, no matter how it occurred, even violently, is not considered a "Material Fact" and it's not required to be disclosed. This history depending on the event, can decrease the home's value by 25% and increase its time to sell by up to 50% longer than comparable homes. Properties with such a history are referred to as Stigmatized Properties.Would you want to know stigmatized history of the property before you sign the contract?
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