NOT LISTED FOR SALE

1085 Old South Dr Unit 1085/1087 Lakeland, FL 33811

Medulla Neighborhood

Estimated Value: $173,908 - $278,000

2 Beds
1 Bath
1,484 Sq Ft
$155/Sq Ft Est. Value

Last Sold October 11, 2018

Last sale price $105,000 $71 Per Sq Ft

Est. 120% increase in value since last sale

Current estimated payment $1,435/month

Highlights

  • View of Trees or Woods
  • No HOA
  • Ceramic Tile Flooring
  • Lincoln Avenue Academy Rated A-
  • Laundry closet
  • Central Heating and Cooling System

About This Home

As of October 2018

GREAT INVESTMENT OPPORTUNITY. Both units have 2 bedrooms, 1 bath with ceramic tile, central AC and indoor laundry. Similar units rent for $700 per month per side, for $1400 per month total. Wooded view. Recently repainted exterior and NEW ROOF in 2017! With rental rates continuing to rise this is a PRIME TIME to buy! Leased through 12/31/18.

Last Agent to Sell the Property

Joe LoCicero

54 REALTY LLC License #3179098 Listed on: 09/12/2018

54 REALTY LLC

Co-Listed By

Alison Bresciani

54 REALTY LLC License #3267998

Last Buyer's Agent

Lynne Vaughn

XCELLENCE REALTY, INC License #3055179

XCELLENCE REALTY, INC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,511

Year Built

  • Built in 1982

Lot Details

  • 10,633 Sq Ft Lot
  • Lot Dimensions are 151x70

Parking

  • Driveway

Home Design

  • Duplex
  • Shingle Roof
  • Siding

Interior Spaces

  • 1,484 Sq Ft Home
  • Ceramic Tile Flooring
  • Views of Woods
  • Range
  • Laundry closet

Schools

  • Medulla Elementary School
  • Lakeland Highlands Middl Middle School
  • George Jenkins High School

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 1,556 Sq Ft Building
  • Magnolia Trails Subdivision

Pet Policy

  • Pets Allowed

Building Details

  • Gross Income $13,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,511

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Construction Materials: Siding
  • Fireplace: No
  • Living Area: 1484
  • Lot Size Acres: 0.24
  • New Construction: No
  • Year Built: 1982
  • Building Area Total: 1556
  • Lease Term: 12 Months
  • Lot Size Sq Ft: 10633
  • Tenant Pays: Electricity, Water
  • Directions to Property: I-4 E toward Orlando take exit 27 for FL-570 E toward Lakeland/Winter Haven, take exit 5 for FL-563 toward Harden Blvd, Merge onto S Parkway Frontage Rd, Turn right onto FL-563/Harden Blvd, Turn right onto W Pipkin Rd, Turn right onto Old S Dr.
  • Status: Sold
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=H2400761&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=H2400761&cview=true&show_results=true&customer_portal=true
  • Unit Count: 1
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Call Center Phone Number: 800-746-9464
  • Ratio: Close Price\List Price: 1.05
  • Price per Sq Ft: 70.75
  • Close to Original List Price Ratio: 1.05
  • Ratio: Current Price\Building Area Total: 67.48
  • View: Yes
  • Co List Office Mls Id: 266016514
  • Co List Office Phone: 813-948-0888
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2017
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile
  • Appliances Included: Range, Refrigerator
  • Levels: One
  • Street Number Modifier: 1085
  • Number Of Buildings: 1
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Exterior Features: Other
  • Roof: Shingle
  • Pool Private: No
  • View: Trees/Woods
  • Waterfront: No
  • Road Surface Type: Paved
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Flood Zone Panel: 12105C0480G

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Deposits Y N: Yes

Schools

  • Elementary School: Medulla Elem
  • High School: George Jenkins High
  • Middle Or Junior School: Lakeland Highlands Middl

Lot Info

  • Parcel Number: 23-29-14-141530-000220
  • Additional Parcels: No
  • Lot Dimensions: 151x70
  • Flood Zone Code: X
  • Flood Zone Date: 2016-12-22
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes
  • Total Actual Rent: 1100
  • Pet Restrictions: Buyer to verify

Multi Family

  • Gross Income: 13200
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1511
  • Tax Book Number: 71-16
  • Tax Lot: 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2018
Closed on
Oct 11, 2018
Sold by
1085 Old South Drive Llc
Bought by
Horton Tracy S
Seller's Agent
Joe LoCicero
54 REALTY LLC
Buyer's Agent
Lynne Vaughn
XCELLENCE REALTY, INC
List Price
$100,000
Sold Price
$105,000
Premium/Discount to List
$5,000
5%
Current Estimated Value
$230,727

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$125,727
Avg. Annual Appreciation
11.81%
Original Mortgage
$78,750
Outstanding Balance
$68,675
Interest Rate
4.5%
Estimated Equity
$162,052

Purchase Details

Closed on
Jun 21, 1999
Sold by
Nationsbank
Bought by
Bryan Edwin L and Bryan Joyce E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$21,464
Interest Rate
7.04%

Purchase Details

Closed on
Jan 12, 1999
Sold by
Clerk Of The Court
Bought by
Homeside Lending Inc
Source: Public Records

Range of Values:

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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
Horton Tracy S $105,000 Attorney
Bryan Edwin L $38,000 --
Homeside Lending Inc $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Horton Tracy S $78,750
Previous Owner Homeside Lending Inc $21,464
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/11/2018 10/11/18 Sold $105,000 +5.0% $71 / Sq Ft
09/12/2018 09/12/18 Pending -- -- --
09/12/2018 09/12/18 For Sale $100,000 -- $67 / 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
2025 $2,723 $116,678 -- --
2024 $2,879 $106,071 -- --
2023 $2,879 $96,428 $0 $0
2022 $1,963 $87,662 $10,000 $77,662
2021 $1,933 $81,403 $10,000 $71,403
2020 $1,941 $83,763 $10,000 $73,763
2018 $1,551 $58,879 $10,000 $48,879
Source: Public Records

Agents Affiliated with this Home

  • Joe LoCicero

    Seller's Agent in 2018

    Joe LoCicero

    54 REALTY LLC

    (813) 841-8220

    8 in this area

    1,404 Total Sales

    Joe LoCicero
    Section Image
  • Alison Bresciani

    Seller Co-Listing Agent in 2018

    Alison Bresciani

    54 REALTY LLC

    (813) 501-5508

    79 Total Sales

    Alison Bresciani
    Section Image
  • Lynne Vaughn

    Buyer's Agent in 2018

    Lynne Vaughn

    XCELLENCE REALTY, INC

    (863) 412-3017

    2 in this area

    15 Total Sales

    Lynne Vaughn
    Section Image
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Map

Source: Stellar MLS

MLS Number: H2400761

Stellar MLS

APN: 23-29-14-141530-000220

Florida Polk County Lakeland 33811 Medulla

1085 Old South Dr Unit 1085/1087, Lakeland, FL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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