NOT LISTED FOR SALE

1019 11th Ave W Unit A Palmetto, FL 34221

Estimated Value: $291,546 - $393,000

4 Beds
2 Baths
1,868 Sq Ft
$186/Sq Ft Est. Value

Last Sold July 13, 2020

Last sale price $239,997 $128 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $2,336/month

53 Days on Market

About This Home

As of July 2020

This concrete block duplex with newer roof, updated kitchens & large fenced yards has all needed maintenance & is up-to-date.
4 bedroom / 1 bathroom (rented for $1,350/month), and 3 bedroom/1 bath (rented for $1,350/month) = $2700/month=$32,400/year. Tenants pay both electric and water - separate meters for both utilities. Professionally leased and managed for easy passive income. *Seller will guarantee rents for 90 days by cash escrow at attorney's office post closing with full price offer & continued management

Last Agent to Sell the Property

Gabriel Reed

BRIGHT REALTY License #0676896 Listed on: 04/03/2020

BRIGHT REALTY

Last Buyer's Agent

Melissa Jones

CHARLES RUTENBERG REALTY INC License #3431440

CHARLES RUTENBERG REALTY INC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,485

Year Built

  • Built in 1978

Lot Details

  • 9,618 Sq Ft Lot
  • Lot Dimensions are 37.5x130

Home Design

  • 1,868 Sq Ft Home
  • Duplex
  • Slab Foundation
  • Shingle Roof
  • Block Exterior

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Jackson Factory Survey Sub Community
  • Jackson Factory Surv Sub Subdivision

Building Details

  • Gross Income $31,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,485

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 1868
  • Lot Size Acres: 0.22
  • New Construction: No
  • Year Built: 1978
  • Lot Size Sq Ft: 9618
  • Tenant Pays: Electricity, Sewer, Water
  • Directions to Property: From US 41, turn west on 10th St. Turn right on 11th Ave, home will be on the left.
  • Status: Sold
  • Street Post Direction: W
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4463884?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4463884?w=Customer
  • Unit Count: 2
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.96
  • Price per Sq Ft: 128.48
  • Close to Original List Price Ratio: 1.09091
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2019
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Foundation Details: Slab
  • Street Number Modifier: 1019
  • Number Of Buildings: 1
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Exterior Features: Other
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • 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 Connected, Electricity Available
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Zoning: RM5
  • Parcel Number: 2673610008
  • Additional Parcels: No
  • Lot Dimensions: 37.5x130
  • Flood Zone Code: X
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Total Actual Rent: 2600

Multi Family

  • Gross Income: 31200
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2485.4
  • Tax Block: 13
  • Tax Book Number: 1-242
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 3, 2024
Sold by
Rahil Alexander
Bought by
Rahill Alexander William and Rahill Marcie Wallis
Total Days on Market
53
Current Estimated Value
$347,387

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,500
Outstanding Balance
$320,820
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$48,010

Purchase Details

Listed on
Apr 3, 2020
Closed on
Jul 8, 2020
Sold by
Waterfall Capital Group Llc
Bought by
Rahil Alexander
Seller's Agent
Gabriel Reed
BRIGHT REALTY
Buyer's Agent
Melissa Jones
CHARLES RUTENBERG REALTY INC
List Price
$219,997
Sold Price
$239,997
Premium/Discount to List
$20,000
9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.19%
Original Mortgage
$172,500
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 17, 2018
Sold by
Mcridian Trust Llc
Bought by
Waterfall Capital Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 6, 2014
Closed on
Sep 2, 2014
Sold by
Green Peas Enterprises Llc
Bought by
Trapuzzano Christopher J
Seller's Agent
David Leventhal
COLDWELL BANKER REALTY
Buyer's Agent
Wendy Leventhal
COLDWELL BANKER REALTY
List Price
$129,000
Sold Price
$119,000
Premium/Discount to List
-$10,000
-7.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.10%

Purchase Details

Listed on
Oct 18, 2012
Closed on
Dec 27, 2012
Sold by
First Federal Bank Of Florida
Bought by
Green Peas Enterprises Llc
Seller's Agent
Scott Schuhriemen
BRIGHT REALTY
Buyer's Agent
David Leventhal
COLDWELL BANKER REALTY
List Price
$75,000
Sold Price
$70,000
Premium/Discount to List
-$5,000
-6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
37.14%

Purchase Details

Closed on
May 20, 2011
Sold by
Loeffler Carl E and Case #2010 Ca 003421 Div B
Bought by
First Federal Bank Of Florida

Purchase Details

Closed on
Feb 13, 2007
Sold by
Dennis Kim and Household Finance Corp Iii
Bought by
Loeffler Carl E and Household Finance Corp Iii

Purchase Details

Closed on
Feb 2, 2007
Sold by
Dennis Kim and Dennis Charles William
Bought by
Livi Loeffler Carl E and Livi Carl E Loeffler Revocable

Purchase Details

Closed on
May 7, 2004
Sold by
Oemery Ralph and Emery Donna
Bought by
Kim Dennis Charles William and Kim Dennis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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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
Rahill Alexander William $100 Haven Title
Rahil Alexander $239,997 Attorney
Waterfall Capital Group Llc $109,857 Guannell Title Llc
Meridian Trust Llc $100,000 Giannell Title Llc
Trapuzzano Christopher J $119,000 None Available
Green Peas Enterprises Llc $70,000 Attorney
First Federal Bank Of Florida -- Attorney
Loeffler Carl E $132,200 Attorney
Livi Loeffler Carl E $132,182 Attorney
Kim Dennis Charles William $110,000 Title Terch Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rahill Alexander William $322,500
Previous Owner Rahil Alexander $172,500
Previous Owner Waterfall Capital Group Llc $125,000
Previous Owner Loeffler Carl E $150,000
Previous Owner Kim Dennis Charles William $110,000
Previous Owner Emery Ralph O $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/13/2020 07/13/20 Sold $239,997 -4.0% $128 / Sq Ft
05/26/2020 05/26/20 Pending -- -- --
04/30/2020 04/30/20 Price Changed $249,997 +4.2% $134 / Sq Ft
04/21/2020 04/21/20 Price Changed $239,997 -7.7% $128 / Sq Ft
04/05/2020 04/05/20 Price Changed $259,997 +18.2% $139 / Sq Ft
04/03/2020 04/03/20 For Sale $219,997 +84.9% $118 / Sq Ft
08/17/2018 08/17/18 Off Market $119,000 -- --
09/02/2014 09/02/14 Sold $119,000 -7.8% $64 / Sq Ft
07/15/2014 07/15/14 Pending -- -- --
06/06/2014 06/06/14 For Sale $129,000 +84.3% $69 / Sq Ft
12/28/2012 12/28/12 Sold $70,000 -6.7% $37 / Sq Ft
12/10/2012 12/10/12 Pending -- -- --
10/18/2012 10/18/12 For Sale $75,000 -- $40 / 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 $4,632 $231,393 $49,938 $181,455
2023 $4,438 $233,618 $49,938 $183,680
2022 $4,064 $211,018 $37,500 $173,518
2021 $3,458 $162,156 $37,500 $124,656
2020 $2,768 $127,042 $37,500 $89,542
2019 $2,485 $105,813 $18,750 $87,063
2018 $1,801 $96,714 $11,400 $85,314
2017 $1,750 $97,500 $0 $0
2016 $1,761 $97,500 $0 $0
2015 $1,571 $97,500 $0 $0
2014 $1,571 $63,429 $0 $0
2013 $1,625 $65,713 $8,100 $57,613
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4463884

Stellar MLS

APN: 26736-1000-8