NOT LISTED FOR SALE

1014 Thompson Ave Frostproof, FL 33843

Estimated Value: $77,000 - $210,000

2 Beds
1 Bath
1,053 Sq Ft
$131/Sq Ft Est. Value

Last Sold August 04, 2023

Last sale price $75,420 $72 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $840/month

Highlights

  • Wood Flooring
  • Screened Porch
  • Wall Furnace
  • No HOA
  • Cooling System Mounted In Outer Wall Opening
  • 1-Story Property

About This Home

As of August 2023

This investment property in Frostproof, FL is located approximately 5 miles from US Hwy 27, offering convenient access to major transportation routes. The house itself is a concrete block home with a rich history, as it was built in 1926 and still retains much of its original charm.

Inside, you'll find a spacious kitchen with plenty of wood cabinets that are in good condition. The living room still has it's original hardwood floors and fireplace. The house features 2 bedrooms and 1 bathroom, and there is potential to convert the laundry room off the kitchen into a second bathroom, adding value to the property.

This home presents a great opportunity for real estate investors. It could be a lucrative rental property due to the shortage of rentals in the area. Additionally, it has the potential to be flipped and resold for a profit. Its proximity to major employers such as NUCOR Steel Company (within 8 miles), Ferguson Distribution Center (less than a half mile), and Lowe's Distribution (less than 2 miles) further enhances its investment appeal.

It's important to note that the sellers are only accepting cash offers, indicating they are looking for a quick and straightforward transaction. The home is being sold as-is, which means that any necessary repairs or renovations will be the responsibility of the buyer.

Last Agent to Sell the Property

Cullen Wheeler

Future Home Realty, Inc. License #3332589 Listed on: 06/08/2023

Future Home Realty, Inc.

Last Buyer's Agent

Cullen Wheeler

Future Home Realty, Inc. License #3332589 Listed on: 06/08/2023

Future Home Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $353

Year Built

  • Built in 1926

Lot Details

  • 8,276 Sq Ft Lot
  • Zoning described as R1

Home Design

  • Concrete Siding
  • Block Exterior

Interior Spaces

  • 1,053 Sq Ft Home
  • 1-Story Property
  • Screened Porch

Flooring

  • Wood
  • Linoleum
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • 1 Carport Space
  • Driveway
  • On-Street Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Wall Furnace
  • Window Unit Heating System
  • Septic Tank
  • Sewer Not Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 28-32-04-980000-003050

Home Details

Home Type

Single Family

Est. Annual Taxes

$353

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.19
  • Road Surface Type: Paved
  • Directions: From Main St and US 27 in Avon Park, head North on US 27. Turn right onto FL-17 N (Frostproof), Turn right onto E 11th St., Turn left onto Thompson Ave, Destination will be on the left.
  • Architectural Style: One Story
  • Carport Y N: Yes
  • Unit Levels: One
  • Building Stories: 1
  • Year Built: 1926
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Hardwood, Linoleum, Vinyl
  • Living Area: 1053.0

Exterior Features

  • Pool Features: None
  • Construction Type: Block, Concrete
  • Patio And Porch Features: Enclosed, Front Porch, Screened
  • Property Condition: Resale
  • Roof: Other

Garage/Parking

  • Carport Spaces: 1.0
  • Parking Features: Carport, Driveway, On Street

Utilities

  • Cooling: 1 Unit, Wall Unit(s)
  • Cooling Y N: Yes
  • Heating: Wall Furnace
  • Heating Yn: Yes
  • Sewer: None, Septic Tank
  • Utilities: Sewer Not Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • High School: Other
  • Middle Or Junior School: Other

Lot Info

  • Lot Size Sq Ft: 8276.0
  • Additional Parcels Description: ,,
  • Parcel #: 28-32-04-980000-003050
  • Zoning Description: R1
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 353.32
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2023
Closed on
Aug 4, 2023
Sold by
Riggins Arthur David Roy
Bought by
Business Solutions Of Hillsborough Llc 401K P and Ottewell
Seller's Agent
Cullen Wheeler
Future Home Realty, Inc.
Buyer's Agent
Cullen Wheeler
Future Home Realty, Inc.
List Price
$124,900
Sold Price
$75,420
Premium/Discount to List
-$49,480
-39.62%
Views
211
Current Estimated Value
$138,264

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,844
Avg. Annual Appreciation
22.75%

Purchase Details

Closed on
Mar 22, 2018
Sold by
Riggins Lela A
Bought by
Ray Riggins Arthur David
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Business Solutions Of Hillsborough Llc 401K P $75,500 None Listed On Document
Ray Riggins Arthur David -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Riggins Lela A $6,000
Previous Owner Riggins Lela A $12,657
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/04/2023 08/04/23 Sold $75,420 -37.1% $72 / Sq Ft
07/08/2023 07/08/23 Pending -- -- --
07/02/2023 07/02/23 Price Changed $119,900 -4.0% $114 / Sq Ft
06/08/2023 06/08/23 For Sale $124,900 -- $119 / Sq Ft
Source: Heartland Association of REALTORS®

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
2025 $1,315 $63,771 $15,601 $48,170
2024 $2,748 $60,675 $12,317 $48,358
2023 $2,748 $136,900 $10,206 $126,694
2022 $353 $40,151 $0 $0
2021 $344 $38,982 $0 $0
2020 $338 $38,444 $0 $0
2018 $332 $36,879 $0 $0
2017 $326 $36,120 $0 $0
2016 $322 $35,377 $0 $0
2015 $158 $35,131 $0 $0
2014 $213 $34,852 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland Association of REALTORS®

MLS Number: 294956

Heartland Association of REALTORS®

APN: 28-32-04-980000-003050