NOT LISTED FOR SALE

Estimated Value: $251,021 - $325,000

4 Beds
2 Baths
1,406 Sq Ft
$200/Sq Ft Est. Value

Last Sold February 23, 2024

Last sale price $3,900,000 $2,774 Per Sq Ft

Current estimated payment $1,832/month

31 Days on Market

About This Home

As of February 2024

We are pleased to present Kaley Square, a mixture of 32 commercial/residential units on 12 lots totaling 4.27 acres. The prospective income upon increasing rents is estimated at $500,000 and the seller will consider seller financing. The property has been over 90% occupied for decades and has long term tenants spanning back to the 90's. This investment offers a prospective 10%+ cap with the opportunity to redevelop the site and own nearly an entire city block. Communication with the county shed light on the option to change the zoning and FLU to Neighborhood Commercial and increase value in the site for future redevelopment. This property is truly one of a kind.

Last Agent to Sell the Property

Robert Kirkwood

MAVREALTY Brokerage Phone: 727-314-3942 License #3376813 Listed on: 11/10/2023

Last Buyer's Agent

Patricia Sullivan

OLDE TOWN BROKERS INC License #3130492

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,342

Year Built

  • Built in 1945

Lot Details

  • 6,934 Sq Ft Lot
  • North Facing Home
  • 12 Lots in the community
  • Additional Parcels
  • Property is zoned C-3

Home Design

  • 1,406 Sq Ft Home
  • Block Foundation
  • Slab Foundation
  • Shingle Roof
  • Block Exterior

Kitchen

  • Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • Driveway
  • On-Street Parking

Schools

  • Catalina Elementary School
  • Memorial Middle School
  • Jones High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • No Home Owners Association
  • Clear Lake Views Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,342

Year Built

Built in 1945

Lot Details

6,934 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 1406
  • Lot Size Acres: 0.16
  • New Construction: No
  • Year Built: 1945
  • Building Area Total: 1686
  • Lot Size Sq Ft: 6934
  • Number Of Lots: 12
  • Status: Sold
  • Street Direction: W
  • Co List Office Phone: 727-314-3942
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Building Area Total Srch Sq M: 156.63
  • Escrow State: FL
  • Minimum Lease: No Minimum
  • RATIO Current Price By Calculate: 2773.83
  • Total Acreage: 2 to less than 5
  • Water Access YN: 0
  • MFR_InLawSuiteYN: 0
  • Attribution Contact: 727-314-3942
  • Tax Year: 2022
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Other
  • Full Bathrooms: 2
  • Interior Amenities: Ninguno
  • Appliances Included: Range, Refrigerator
  • Foundation Details: Block, Slab
  • Total Bedrooms: 4
  • Levels: One
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 130.62

Exterior Features

  • Direction Faces: North
  • Exterior Features: Other
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Paved
  • Water View YN: 0
  • Waterfront Feet Total: 0
  • Flood Zone Panel: 12095C0245F

Garage/Parking

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

Utilities

  • Utilities: Public
  • Cooling: Wall/Window Unit(s)
  • Heating: Wall Units / Window Unit
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Schools

  • Elementary School: Catalina Elem
  • High School: Jones High
  • Middle Or Junior School: Memorial Middle

Lot Info

  • Zoning: C-3
  • Parcel Number: 03-23-29-1402-09-150
  • Additional Parcels: Yes
  • Flood Zone Code: X

Rental Info

  • Lease Restrictions YN: 0
  • Additional Lease Restrictions: Buyer to verify short term rental restrictions with city/county.

Tax Info

  • Tax Annual Amount: 2342
  • Tax Block: 9
  • Tax Book Number: J-145
  • Tax Lot: 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 10, 2023
Closed on
Feb 16, 2024
Sold by
Snoeblen Ltd
Bought by
2102 South Obt Llc
Seller's Agent
Robert Kirkwood
MAVREALTY
Buyer's Agent
Patricia Sullivan
OLDE TOWN BROKERS INC
List Price
$4,000,000
Sold Price
$3,900,000
Premium/Discount to List
-$100,000
-2.5%
Views
36
Current Estimated Value
$281,755

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,618,245
Avg. Annual Appreciation
-71.90%
Original Mortgage
$1,600,000
Outstanding Balance
$705,592
Interest Rate
6.66%
Mortgage Type
Seller Take Back
Estimated Equity
-$423,837
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
2102 South Obt Llc $1,950,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 2102 South Obt Llc $1,600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/23/2024 02/23/24 Sold $3,900,000 -2.5% $2,774 / Sq Ft
12/12/2023 12/12/23 Pending -- -- --
11/10/2023 11/10/23 For Sale $4,000,000 -- $2,845 / Sq Ft
Source: Stellar MLS

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 $4,027 $196,722 $45,002 $151,720
2024 $2,622 $189,472 $45,002 $144,470
2023 $2,622 $160,643 $25,448 $135,195
2022 $2,342 $140,305 $25,448 $114,857
2021 $2,171 $122,585 $20,802 $101,783
2020 $2,029 $124,493 $20,802 $103,691
2019 $2,144 $73,123 $14,284 $58,839
2018 $2,140 $72,166 $14,284 $57,882
2017 $2,115 $71,203 $14,284 $56,919
2016 $2,054 $69,581 $13,868 $55,713
2015 $2,002 $67,038 $13,868 $53,170
2014 $1,950 $55,724 $13,868 $41,856
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: O6156678

Stellar MLS

APN: 03-2329-1402-09-150

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