$80,000
SOLD NOV 1, 2018

1022 S Tower Ln Lake Wales, FL 33853

3 Beds
2 Baths
1,424 Sq Ft
10,097 Sq Ft Lot

Recently Sold

$56 Per Sq Ft

8% Below List Price

88 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Attic Fan
  • Bartow Senior High School Rated A-
  • Covered Patio or Porch
  • Central Heating and Cooling System

About This Home

As of July 2020

This 3 bedroom 2 bath BLOCK bungalow is located in historic Lake Wales and just minutes from beautiful BOK TOWER. Walk to Kiwanis Park or enjoy Lake Wailes walking trail, minutes from your home. Features include an inside laundry room, fireplace, and hard wood floors in the living room and 2 bedrooms. Located on a dead end street in a quaint neighborhood. This is a Fannie Mae Homepath property.

Last Agent to Sell the Property

Teresa Knowles

COLDWELL BANKER REALTY License #192880 Listed on: 07/26/2018

COLDWELL BANKER REALTY

Co-Listed By

Nicole Alvarez

COLDWELL BANKER REALTY License #3115321

Last Buyer's Agent

Peter Lopez

LPT REALTY, LLC License #3274805

LPT REALTY, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $922

Year Built

  • Built in 1961

Lot Details

  • 10,097 Sq Ft Lot
  • Street terminates at a dead end
  • Property is zoned R-1A

Home Design

  • Slab Foundation
  • Shingle Roof
  • Block Exterior

Interior Spaces

  • 1,424 Sq Ft Home
  • Wood Burning Fireplace
  • Attic Fan
  • Laundry in unit

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • Covered Patio or Porch
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Bush Heights Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$922

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Block
  • Fireplace: Yes
  • Living Area: 1424
  • Lot Size Acres: 0.23
  • New Construction: No
  • Year Built: 1961
  • Lot Size Sq Ft: 10097
  • Directions to Property: From Hwy 60 E & Buckmore turn North on Buckmore, then left on Burns, Left on Tower Blvd, Left on Tower Lane, bear right to property on right.
  • Status: Sold
  • Street Direction: S
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=L4902210&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=L4902210&cview=true&show_results=true&customer_portal=true
  • Homestead Y N: No
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 1.00125
  • Price per Sq Ft: 56.18
  • Close to Original List Price Ratio: 0.80808
  • View: No
  • Co List Office Mls Id: 305901
  • Co List Office Phone: 863-687-2233
  • Ownership: Fee Simple
  • Tax Year: 2017
  • Special Features: 4116

Interior Features

  • Fireplace Features: Wood Burning
  • Living Area Units: Square Feet
  • Flooring: Vinyl, Hardwood
  • Full Bathrooms: 2
  • Interior Amenities: Attic Fan
  • Appliances Included: None
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Street Number Modifier: 1022
  • Room Count: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Exterior Features: Other
  • Roof: Shingle
  • Pool Private: No
  • Road Frontage Type: Street Dead-End
  • Waterfront: No
  • Patio and Porch Features: Covered, Porch
  • Road Surface Type: Paved
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Flood Zone Panel: 12105C0565H

Garage/Parking

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

Utilities

  • Utilities: Electricity Connected
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association Approval Required YN: No

Lot Info

  • Zoning: R-1A
  • Parcel Number: 27-29-36-880200-003030
  • Additional Parcels: No
  • Flood Zone Code: X
  • Flood Zone Date: 2016-12-22
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes
  • Minimum Lease: No Minimum
  • Lease Restrictions Y N: No

Tax Info

  • Tax Annual Amount: 922
  • Tax Block: C
  • Tax Book Number: 44-12
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 23, 2019
Closed on
Jul 20, 2020
Sold by
Florida Palm Tree Homes Llc
Bought by
Jones Colin W and Jones Brooke L
Seller's Agent
Andres Hebra
LA ROSA REALTY PREMIER LLC
Buyer's Agent
Lamanda Jones
CENTURY 21 WATSON & MYERS REALTY
List Price
$177,500
Sold Price
$173,000
Premium/Discount to List
-$4,500
-2.54%
Current Estimated Value
$247,078

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,078
Avg. Annual Appreciation
6.73%
Original Mortgage
$169,866
Outstanding Balance
$152,880
Interest Rate
3.2%
Mortgage Type
FHA
Estimated Equity
$87,858

Purchase Details

Listed on
Jul 26, 2018
Closed on
Nov 1, 2018
Sold by
Fannie Mae
Bought by
Florida Palm Tree Homes Llc
Seller's Agent
Teresa Knowles
COLDWELL BANKER REALTY
Buyer's Agent
Peter Lopez
LPT REALTY, LLC
List Price
$87,000
Sold Price
$80,000
Premium/Discount to List
-$7,000
-8.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
56.58%

Purchase Details

Closed on
Apr 26, 2018
Sold by
Meyer Gwyndolyn M and Meyer Gwyndolyn Maria
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jul 18, 2003
Sold by
Cole David A
Bought by
Meyer Gwendolyn Maria

Purchase Details

Closed on
May 20, 1997
Sold by
Ford Consumer Finance Company Inc
Bought by
Cole David C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,000
Interest Rate
8.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 4, 1997
Sold by
Clerk Of The Court
Bought by
Ford Consumer Finance Co Inc

Purchase Details

Closed on
Sep 30, 1995
Sold by
Mooney Nancy D
Bought by
Ford Consumer Fin Co Inc
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $173,000 Attorney
Special Warranty Deed $80,000 Reo Title Company Of Florida
Warranty Deed $70,600 Attorney
Warranty Deed $37,000 Attorneys Title Svcs Courier
Deed $37,000 --
Deed $100 --
Deed $47,300 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $31,521 Credit Line Revolving
Open $169,866 FHA
Previous Owner $91,000 Unknown
Previous Owner $30,000 Stand Alone Second
Previous Owner $34,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2020 07/20/20 Sold $173,000 -1.1% $121 / Sq Ft
06/18/2020 06/18/20 Pending -- -- --
06/15/2020 06/15/20 Price Changed $175,000 -1.4% $123 / Sq Ft
06/12/2020 06/12/20 For Sale $177,500 0.0% $125 / Sq Ft
04/04/2020 04/04/20 Pending -- -- --
04/01/2020 04/01/20 For Sale $177,500 +2.6% $125 / Sq Ft
04/01/2020 04/01/20 Off Market $173,000 -- --
02/20/2020 02/20/20 Price Changed $177,500 -0.8% $125 / Sq Ft
12/16/2019 12/16/19 Price Changed $179,000 0.0% $126 / Sq Ft
12/16/2019 12/16/19 For Sale $179,000 +0.6% $126 / Sq Ft
11/05/2019 11/05/19 Pending -- -- --
10/17/2019 10/17/19 Price Changed $178,000 -3.8% $125 / Sq Ft
09/23/2019 09/23/19 Price Changed $185,000 -2.6% $130 / Sq Ft
08/23/2019 08/23/19 For Sale $190,000 +137.5% $133 / Sq Ft
11/01/2018 11/01/18 Sold $80,000 +0.1% $56 / Sq Ft
10/22/2018 10/22/18 Pending -- -- --
10/22/2018 10/22/18 Price Changed $79,900 -8.2% $56 / Sq Ft
10/05/2018 10/05/18 For Sale $87,000 0.0% $61 / Sq Ft
09/27/2018 09/27/18 Pending -- -- --
09/14/2018 09/14/18 For Sale $87,000 0.0% $61 / Sq Ft
09/05/2018 09/05/18 Pending -- -- --
08/24/2018 08/24/18 Price Changed $87,000 -12.1% $61 / Sq Ft
07/26/2018 07/26/18 For Sale $99,000 -- $70 / 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
2023 $1,963 $136,624 $0 $0
2022 $1,838 $132,645 $0 $0
2021 $1,848 $128,782 $10,500 $118,282
2020 $1,323 $59,150 $10,000 $49,150
2018 $1,029 $49,710 $9,500 $40,210
2017 $922 $35,890 $0 $0
2016 $1,016 $32,627 $0 $0
2015 $642 $29,661 $0 $0
2014 $840 $38,355 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: L4902210

Stellar MLS

APN: 27-29-36-880200-003030