NOT LISTED FOR SALE

1008 Mercer Loop Plant City, FL 33567

Estimated Value: $284,000 - $360,000

6 Beds
3 Baths
2,331 Sq Ft
$134/Sq Ft Est. Value

Last Sold December 27, 2022

Last sale price $295,000 $127 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $2,074/month

40 Days on Market

Highlights

  • Open Floorplan
  • Central Heating and Cooling System
  • Ceiling Fan
  • No HOA

About This Home

As of December 2022

CASH OFFER only! This is a great income property with three separate units in one acre of land, all three units have their own entrance, electric meter, and wells water. The main house is 3 bedrooms 1 and 1/2 bath, it currently has a one year lease for $1,600 monthly that ends in October 2023. The main house was recently remodeled with laminated vinyl floor through out the house, new kitchen with new appliance (dishwasher, refrigerator, range and microwave). Insulated heat resistance single windows. New bathroom.
The cottage house is on the back of the land with its own driveway, it’s a 1 bedroom 1 bathroom open floor currently on a month to month lease for $900 monthly. It has its own laundry room
The Trailer is ready to move in, 2 bedrooms and 1 bathroom, it has the potential to be rented for $1,100 monthly with a porch. The trailer has the connections for washer and dryer
This is a great opportunity to generate income, with all three units producing about $3,600 monthly

Last Agent to Sell the Property

Daniela Cardona

PARADISE REALTY AND INVESTMENT License #3504670 Listed on: 10/26/2022

Last Buyer's Agent

JHAINER MACIAS

CENTURY 21 CIRCLE License #3522453

CENTURY 21 CIRCLE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,926

Year Built

  • Built in 1960

Lot Details

  • 0.99 Acre Lot
  • Lot Dimensions are 200x222

Home Design

  • Triplex
  • Slab Foundation
  • Shingle Roof
  • Concrete Siding
  • Block Exterior

Interior Spaces

  • 2,331 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Utilities

  • Central Heating and Cooling System
  • Well
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 3 Buildings
  • 3 Units
  • Unplatted Subdivision

Listing and Financial Details

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,926

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Construction Materials: Block, Concrete
  • Fireplace: No
  • Living Area: 2331
  • Lot Size Acres: 0.99
  • New Construction: No
  • Year Built: 1960
  • Lot Size Sq Ft: 43124
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/T3410343?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/T3410343?w=Customer
  • Unit Count: 3
  • Total Acreage: 1/2 to less than 1
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.98333
  • Price per Sq Ft: 126.56
  • Close to Original List Price Ratio: 0.98333
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Interior Amenities: Ceiling Fans(s), Open Floorplan
  • Foundation Details: Slab
  • Total Bedrooms: 6
  • Number Of Buildings: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Asphalt
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No

Utilities

  • Utilities: Cable Available, Public, Sewer Available, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Water Source: Well
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Zoning: AS-1
  • Parcel Number: U-17-29-22-ZZZ-000004-97620.0
  • Additional Parcels: No
  • Lot Dimensions: 200x222
  • Flood Zone Code: X
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Total Actual Rent: 3500

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 3925.62
  • Tax Block: 4
  • Tax Book Number: 69-60
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 26, 2022
Closed on
Dec 27, 2022
Sold by
Solca Properties Llc
Bought by
Macias Jonathan
Seller's Agent
Daniela Cardona
PARADISE REALTY AND INVESTMENT
Buyer's Agent
JHAINER MACIAS
CENTURY 21 CIRCLE
List Price
$300,000
Sold Price
$295,000
Premium/Discount to List
-$5,000
-1.67%
Views
42
Current Estimated Value
$311,503

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,503
Avg. Annual Appreciation
1.82%

Purchase Details

Listed on
Oct 27, 2021
Closed on
Nov 24, 2021
Sold by
Kelley Anita L and Kelley Paul Edward
Bought by
Solca Properties Llc
Seller's Agent
Melissa Connell
SPARROW KEY REALTY INC
Buyer's Agent
Raul Riano
PEOPLE'S CHOICE REALTY SVC LLC
List Price
$250,000
Sold Price
$215,000
Premium/Discount to List
-$35,000
-14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
33.67%
Original Mortgage
$172,000
Interest Rate
3.05%
Mortgage Type
Construction
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Macias Jonathan $295,000 United Title Group
Solca Properties Llc $215,000 United Title Group
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Solca Properties Llc $172,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/27/2022 12/27/22 Sold $295,000 -1.7% $127 / Sq Ft
12/06/2022 12/06/22 Pending -- -- --
11/23/2022 11/23/22 For Sale $300,000 0.0% $129 / Sq Ft
11/06/2022 11/06/22 Pending -- -- --
11/02/2022 11/02/22 For Sale $300,000 0.0% $129 / Sq Ft
10/28/2022 10/28/22 Off Market $300,000 -- --
10/26/2022 10/26/22 For Sale $300,000 +39.5% $129 / Sq Ft
11/24/2021 11/24/21 Sold $215,000 -14.0% $92 / Sq Ft View Prior Sale
11/18/2021 11/18/21 Pending -- -- --
11/04/2021 11/04/21 For Sale $250,000 0.0% $107 / Sq Ft
10/31/2021 10/31/21 Pending -- -- --
10/27/2021 10/27/21 For Sale $250,000 -- $107 / Sq Ft
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,368 $221,936 $52,554 $169,382
2023 $5,154 $215,930 $47,596 $168,334
2022 $4,426 $187,707 $41,151 $146,556
2021 $3,926 $155,915 $33,218 $122,697
2020 $1,784 $89,439 $0 $0
2019 $1,579 $86,325 $0 $0
2018 $1,533 $84,882 $0 $0
2017 $1,493 $99,082 $0 $0
2016 $1,488 $80,631 $0 $0
2015 $1,490 $79,412 $0 $0
2014 $1,472 $79,168 $0 $0
2013 -- $78,108 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: T3410343

Stellar MLS

APN: U-17-29-22-ZZZ-000004-97620.0