NOT LISTED FOR SALE

1201 Buddwood Rd Lakeland, FL 33801

Lake Bonny Neighborhood

Estimated Value: $289,000 - $584,770

4 Beds
2 Baths
3,364 Sq Ft
$126/Sq Ft Est. Value

Last Sold December 22, 2021

Last sale price $470,000 $140 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $2,606/month

5 Days on Market

Highlights

  • No HOA
  • Eat-In Kitchen
  • Vinyl Flooring
  • Lincoln Avenue Academy Rated A-
  • Central Heating and Cooling System

About This Home

As of December 2021

Great Investment Opportunity---2 Duplexes---4 Units total. Each duplex has 2 bedrooms and 1 bath and tenants are in place so there is immediate cash flow. Tenants pay for all their own utilities. #1201 has new AC in 2020, new roof in 2018, new carpet, range and refrigerator in 2020. Flooring varies in different units....some have vinyl, or combination of carpet & vinyl. List of lease amounts and expiration dates in attachments...and all leases come due within the next few months----allowing a new buyer to reassess the rental rates. Each unit has an exterior kitchen door opening to the outside and ample parking for each unit and convenient location close to highways, shopping and medical. Buyer may enter the properties during the inspection period AFTER acceptance of a contract. All offers will be considered if submitted by Monday, Dec 6, 2021 at 5pm.

Last Agent to Sell the Property

Linda Zedonek

REMAX EXPERTS License #642162 Listed on: 12/02/2021

REMAX EXPERTS

Last Buyer's Agent

Tyler Gibson

LPT REALTY, LLC License #3454664

LPT REALTY, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,959

Year Built

  • Built in 1976

Lot Details

  • 0.38 Acre Lot
  • Lot Dimensions are 65x130

Parking

  • Parking Pad

Home Design

  • Duplex
  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof
  • Block Exterior

Interior Spaces

  • 3,364 Sq Ft Home
  • Vinyl Flooring

Kitchen

  • Eat-In Kitchen
  • Range

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Down Payment Assistance Available
  • Visit Down Payment Resource Website
  • Tenant pays for electricity, sewer
  • Legal Lot and Block 24 / 4
  • Assessor Parcel Number 24-28-17-193500-004240

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • 3,364 Sq Ft Building
  • Golconda Subdivision

Pet Policy

  • Pets Allowed

Building Details

  • Gross Income $42,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,959

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Construction Materials: Block, Brick
  • Fireplace: No
  • Living Area: 3364
  • Lot Size Acres: 0.38
  • New Construction: No
  • Year Built: 1976
  • Building Area Total: 3364
  • Lot Size Sq Ft: 16670
  • Tenant Pays: Electricity, Sewer
  • Directions to Property: From Hwy 98 take Lake Parker Ave. Right onto Parker St E. , immediate left onto Golconda Rd, Left on Fortner, Right on Buddwood. Duplexes are at the curve on your right., No sign. Please do not disturb tenants.
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/L4926780?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/L4926780?w=Customer
  • Unit Count: 4
  • Homestead Y N: No
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.97917
  • Price per Sq Ft: 139.71
  • Close to Original List Price Ratio: 0.97917
  • Ratio: Current Price\Building Area Total: 139.71
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Vinyl
  • Interior Amenities: Eating Space In Kitchen
  • Appliances Included: Electric Water Heater, Range, Refrigerator
  • Foundation Details: Slab
  • Levels: One
  • Street Number Modifier: 1201
  • Number Of Buildings: 2

Exterior Features

  • Exterior Features: Other
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Paved
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Disclosures: Lead Paint, Seller Property Disclosure

Garage/Parking

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

Utilities

  • Utilities: Cable Available, Electricity Connected, Public
  • Cooling: Central Air
  • Heating: Central, Electric
  • 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: RB-1
  • Parcel Number: 24-28-17-193500-004240
  • Additional Parcels: No
  • Lot Dimensions: 65x130
  • Flood Zone Code: x

Rental Info

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

Multi Family

  • Gross Income: 42600
  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 2959
  • Tax Block: 4
  • Tax Book Number: 8-34
  • Tax Lot: 24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 1, 2024
Sold by
Renkat Property Investments Llc
Bought by
1201 Buddwood Drive Llc and 1201 Buddwood Drive Revocable Trust
Current Estimated Value
$422,693

Purchase Details

Listed on
Dec 2, 2021
Closed on
Dec 22, 2021
Sold by
Robret G Waters Revocable Trust
Bought by
Renkat Property Investments Llc
Seller's Agent
Linda Zedonek
REMAX EXPERTS
Buyer's Agent
Tyler Gibson
LPT REALTY, LLC
List Price
$480,000
Sold Price
$470,000
Premium/Discount to List
-$10,000
-2.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.97%

Purchase Details

Closed on
Dec 21, 2007
Sold by
Mcc Waters Cornelia and Hooks Deborah W
Bought by
Mcc Waters Cornelia and Hooks Deborah W
Source: Public Records

Range of Values:

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Average Value
Not Available
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
1201 Buddwood Drive Llc -- None Listed On Document
Renkat Property Investments Llc $470,000 Lakeland Title
Mcc Waters Cornelia -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Renkat Property Investments Ll $420,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/22/2021 12/22/21 Sold $470,000 -2.1% $140 / Sq Ft
12/07/2021 12/07/21 Pending -- -- --
12/02/2021 12/02/21 For Sale $480,000 -- $143 / 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 $3,637 $187,776 $23,235 $266,694
2023 $3,637 $199,512 $22,435 $1,262
2022 $5,337 $290,541 $18,768 $271,773
2021 $2,959 $113,280 $0 $0
2020 $1,963 $102,982 $39,780 $63,202
2018 $2,140 $108,830 $39,780 $69,050
2017 $2,131 $108,318 $0 $0
2016 $2,099 $105,067 $0 $0
2015 $2,052 $100,869 $0 $0
2014 $1,879 $99,832 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Linda Zedonek

    Seller's Agent in 2021

    Linda Zedonek

    RE/MAX

    (863) 529-7898

    1 in this area

    106 Total Sales

    Linda Zedonek
    Section Image
  • Tyler Gibson

    Buyer's Agent in 2021

    Tyler Gibson

    LPT REALTY, LLC

    (407) 805-1986

    2 in this area

    186 Total Sales

    Tyler Gibson
    Section Image
See All Agents

Map

Source: Stellar MLS

MLS Number: L4926780

Stellar MLS

APN: 24-28-17-193500-004240

Florida Polk County Lakeland 33801 Lake Bonny

1201 Buddwood Rd, Lakeland, FL

This home is located at 1201 Buddwood Rd, Lakeland, FL 33801 since 02 December 2021 and is currently estimated at $422,693, approximately $125 per square foot. This property was built in 1976. 1201 Buddwood Rd is a home located in Polk County with nearby schools including Rochelle School Of The Arts, Combee Academy of Design & Engineering, and Winston Academy of Engineering.

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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