NOT LISTED FOR SALE

Estimated Value: $240,000 - $465,000

2 Beds
1 Bath
1,848 Sq Ft
$197/Sq Ft Est. Value

Last Sold September 16, 2021

Last sale price $285,000 $154 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $2,087/month

23 Days on Market

Highlights

  • The property is located in a historic district
  • City View
  • High Ceiling
  • Lincoln Avenue Academy Rated A-
  • Property is near public transit
  • 2-minute walk to On Dog TIme Dog Park

About This Home

As of September 2021

LOCATION, LOCATION, LOCATION!!! This historic duplex has tenants in place and is just steps from beautiful Hollis Gardens, Barnett Park, and restaurants. Downtown Lakeland night life is within mere walking distance. This two unit, income property has been updated and features an upstairs and a downstairs unit. Each unit is 2BR/1Ba and each rents for $1,000/month. Property has a paver driveway, updated kitchens and bathrooms, and indoor space in each unit for a washer/dryer. The AC, windows, flooring and all appliances were replaced in 2017. Property was also treated for termites in 2017. Each tenant pays for their own electric and owner pays for the water. The property is located within the City of Lakeland Sub District 3 of the Special Public Interest (SPI) zoning. As such, it qualifies for other permissible uses such as office, bed and breakfast, and limited retail. Do a drive-by but PLEASE DO NOT APPROACH THE TENANTS.

Last Agent to Sell the Property

Joy Browne

HARPER REALTY FL, LLC License #3144229 Listed on: 06/25/2021

Last Buyer's Agent

Jack Miller

COLDWELL BANKER REALTY License #656228

COLDWELL BANKER REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $979

Year Built

  • Built in 1923

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50x120

Home Design

  • Duplex
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 1,848 Sq Ft Home
  • High Ceiling
  • City Views
  • Crawl Space
  • Range
  • Laundry in unit

Flooring

  • Laminate
  • Vinyl

Parking

  • Driveway
  • On-Street Parking

Location

  • Property is near public transit
  • The property is located in a historic district
  • City Lot

Utilities

  • Central Air
  • Heating Available
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 2,332 Sq Ft Building
  • Nichols & Waring Or Ozone Park Subdivision

Pet Policy

  • Pets Allowed

Building Details

  • Gross Income $23,169

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$979

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Condition: Completed
  • Property Sub Type: Duplex
  • Construction Materials: Wood Frame, Wood Siding
  • Fireplace: No
  • Living Area: 1848
  • Lot Size Acres: 0.14
  • New Construction: No
  • Year Built: 1923
  • Building Area Total: 2332
  • Lease Term: 12 Months
  • Lot Size Sq Ft: 6098
  • Tenant Pays: Electricity
  • Status: Sold
  • Street Direction: S
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/L4923651?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/L4923651?w=Customer
  • Unit Count: 1
  • Homestead Y N: No
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 1
  • Price per Sq Ft: 154.22
  • Close to Original List Price Ratio: 1
  • Ratio: Current Price\Building Area Total: 122.21
  • View: Yes
  • Ownership: Fee Simple
  • Tax Year: 2020
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Laminate, Vinyl
  • Interior Amenities: High Ceiling(s)
  • Appliances Included: Electric Water Heater, Range, Refrigerator
  • Foundation Details: Crawlspace
  • Number Of Buildings: 1

Exterior Features

  • Exterior Features: Sidewalk
  • Roof: Shingle
  • Pool Private: No
  • View: City
  • Waterfront: No
  • Road Surface Type: Paved
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Flood Zone Panel: 12105C0315G
  • Disclosures: Lead Paint

Garage/Parking

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

Utilities

  • Utilities: Cable Connected, Electricity Connected, Public, Sewer Connected, Street Lights
  • Cooling: Central Air
  • Heating: Electric
  • 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: MF-22
  • Parcel Number: 24-28-18-207000-001040
  • Additional Parcels: No
  • Lot Features: Historic District, City Lot, Near Public Transit, Sidewalk
  • Lot Dimensions: 50x120
  • Property Attached Yn: No
  • Flood Zone Code: X
  • Flood Zone Date: 2016-12-22

Rental Info

  • Pets Allowed: Yes
  • Total Actual Rent: 2000
  • Minimum Lease: No Minimum
  • Lease Restrictions Y N: No

Multi Family

  • Gross Income: 23169
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 978.8
  • Tax Block: 1
  • Tax Book Number: 3-31
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2021
Closed on
Sep 16, 2021
Sold by
Peterson Linda J and Peterson Robert W
Bought by
Sj Young Enterprises Llc
Seller's Agent
Joy Browne
HARPER REALTY FL, LLC
Buyer's Agent
Jack Miller
COLDWELL BANKER REALTY
List Price
$285,000
Sold Price
$285,000
Current Estimated Value
$364,136

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,136
Avg. Annual Appreciation
6.13%

Purchase Details

Closed on
Jun 27, 2017
Sold by
Franklin Christopher and Franklin Deloris
Bought by
Peterson Linda J and Peterson Robert W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,800
Interest Rate
4.02%

Purchase Details

Closed on
Jun 11, 2015
Sold by
Nationstar Mortgage Llc
Bought by
Franklin Christopher and Franklin Deloris

Purchase Details

Closed on
Dec 3, 2014
Sold by
Chapman C Christine and Case #2011Ca-000554-0000-Wh
Bought by
Nationstar Mortgage Llc and Aurora Loan Services Llc

Purchase Details

Closed on
Oct 13, 2006
Sold by
Artyamsoal N G
Bought by
Chapman C Christine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,720
Interest Rate
2.5%

Purchase Details

Closed on
Nov 19, 2001
Sold by
Florida Financi First
Bought by
Artyamsoal N G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,850
Interest Rate
6.57%

Purchase Details

Closed on
Feb 16, 2000
Sold by
Galbis Ricardo A and Galbis Maria E
Bought by
Wendlung Inc
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
Sj Young Enterprises Llc $285,000 Hillsborough Title Inc
Peterson Linda J $186,000 United Title Group Of Lakela
Franklin Christopher $22,000 Attorney
Nationstar Mortgage Llc $65,100 None Available
Chapman C Christine $173,400 Vision Title Of Lakeland Llc
Artyamsoal N G $46,500 --
Wendlung Inc $41,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Peterson Linda J $148,800
Previous Owner Chapman C Christine $138,720
Previous Owner Wendlung Inc $41,850
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/16/2021 09/16/21 Sold $285,000 0.0% $154 / Sq Ft
07/17/2021 07/17/21 Pending -- -- --
07/15/2021 07/15/21 For Sale $285,000 0.0% $154 / Sq Ft
07/08/2021 07/08/21 Off Market $285,000 -- --
06/28/2021 06/28/21 Pending -- -- --
06/24/2021 06/24/21 For Sale $285,000 -- $154 / 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 $2,140 $201,960 $44,000 $138,349
2024 $1,909 $212,781 -- --
2023 $1,909 $193,437 $42,000 $151,437
2022 $3,236 $176,142 $35,000 $141,142
2021 $1,430 $56,474 $0 $0
2020 $979 $51,340 $20,000 $31,340
2018 $1,059 $53,865 $20,000 $33,865
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: L4923651

Stellar MLS

APN: 24-28-18-207000-001040