NOT LISTED FOR SALE

Estimated Value: $339,000 - $373,000

4 Beds
4 Baths
1,976 Sq Ft
$178/Sq Ft Est. Value

Last Sold May 01, 2024

Last sale price $355,500 $180 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $2,217/month

7 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • 1 Car Garage
  • Rear Porch
  • Central Heating and Cooling System
  • 1-Story Property

About This Home

As of May 2024

Fantastic investment opportunity with this 2007 Duplex. Fully rented long term tenants with recently renewed leases. Both expressed they would like to stay. NOI $31675.24, Cap Rate 8.358% (see attached income and expenses spreadsheet). Rents for $3,106 total per month. Seller has taken great care of this property making it an easy keeper for the next investor. New 2024-dimensional shingle roof, $16,000. 2024 new Drain field on the right side (there is a septic system on each side), central water though, units have been gone through and made sure everything was fixed and looking good (fresh interior paint on left side, newer appliances). Duplex is in a really nice area of Placid Lakes, close to a great Mexican Restaurant, dollar store, gas station, and about 10 mins away from downtown. Tenants really enjoy having a garage on each of their sides and the open layout with the kitchen and living room. Could offer tenants access to the waterfront park on Lake June (boat ramp, playground, boardwalk, gated entrance, fishing).

Last Agent to Sell the Property

Eve Brock

Eve Brock's Florida Realty License #3185381 Listed on: 03/19/2024

Last Buyer's Agent

Denyelle Dibble

RE/MAX REALTY PLUS License #3058059

RE/MAX REALTY PLUS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,476

Year Built

  • Built in 2007

Lot Details

  • 0.34

Parking

  • 1 Car Garage

Home Design

  • Duplex
  • Shingle Roof
  • Concrete Siding
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,976 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Schools

  • Lake Placid Elementary School
  • Lake Placid Middle School
  • Lake Placid High School

Utilities

  • Central Heating and Cooling System
  • Septic Tank
  • Sewer Not Available
  • Cable TV Available

Additional Features

  • Rear Porch
  • 0.34 Acre Lot

Community Details

  • No Home Owners Association
  • Placid Lakes Subdivision

Listing and Financial Details

  • Assessor Parcel Number C-14-37-29-071-0790-0050

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,476

Year Built

Built in 2007

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential
  • Lot Size Acres: 0.34
  • Road Surface Type: Paved
  • Subdivision Name: Placid Lakes
  • Directions: LEAVING PUBLIX, GO SOUTH ON HWY 27, TURN RIGHT ONTO INTERLAKE BLVD, TURN OFF CIRCLE ONTO W INTERLAKE BLVD, TURN LEFT ONTO CATFISH CREEK RD, TURN LEFT ONTO PLACID LAKES BLVD, TURN LEFT ONTO ANDERSON, TURN RIGHT ONTO WILSON WAY NE, PROPERTY ON LEFT HAND SIDE.
  • Architectural Style: One Story
  • Garage Yn: Yes
  • Unit Levels: One
  • Building Stories: 1
  • Year Built: 2007
  • Property Sub Type Additional: Duplex
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Flooring: Tile
  • Interior Amenities: Cable TV
  • Living Area: 1976.0

Exterior Features

  • Pool Features: None
  • Construction Type: Block, Concrete, Stucco
  • Patio And Porch Features: Rear Porch, Open
  • Property Condition: Resale
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 1.0
  • Parking Features: Garage

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: None, Septic Tank
  • Utilities: Cable Available, Sewer Not Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Lake Placid Elementary
  • High School: Lake Placid High
  • Middle Or Junior School: Lake Placid Middle

Lot Info

  • Lot Size Sq Ft: 15000.0
  • Additional Parcels Description: ,,
  • Parcel #: C-14-37-29-071-0790-0050
  • Zoning Description: r3
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 1

Tax Info

  • Tax Annual Amount: 3476.09
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2024
Closed on
May 1, 2024
Sold by
Rocha Wilson Llc
Bought by
Mezzetti & Salazar Hldg Llc
Seller's Agent
Eve Brock
Eve Brock's Florida Realty
Buyer's Agent
Denyelle Dibble
RE/MAX REALTY PLUS
List Price
$375,000
Sold Price
$355,500
Premium/Discount to List
-$19,500
-5.2%
Views
19
Current Estimated Value
$352,048

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,452
Avg. Annual Appreciation
-0.70%
Original Mortgage
$255,000
Outstanding Balance
$249,947
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$102,394

Purchase Details

Closed on
Dec 16, 2019
Sold by
Bowen Frederick A
Bought by
Rocha Wilson Llc

Purchase Details

Closed on
Jun 29, 2012
Sold by
Heartland National Bank
Bought by
Bowen Frederick A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
3.83%
Mortgage Type
Purchase Money Mortgage
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
Mezzetti & Salazar Hldg Llc $355,500 Lp Title
Mezzetti & Salazar Hldg Llc $355,500 Lp Title
Rocha Wilson Llc $160,000 Attorney
Bowen Frederick A $375,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mezzetti & Salazar Hldg Llc $255,000
Closed Mezzetti & Salazar Hldg Llc $255,000
Previous Owner Bowen Frederick A $337,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2024 05/01/24 Sold $355,500 -6.2% $180 / Sq Ft
03/27/2024 03/27/24 Pending -- -- --
03/20/2024 03/20/24 Price Changed $379,000 +1.1% $192 / Sq Ft
03/19/2024 03/19/24 For Sale $375,000 -- $190 / Sq Ft
Source: Heartland Association of REALTORS®

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 -- $265,459 $10,600 $254,859
2023 $3,476 $187,044 $0 $0
2022 $3,093 $197,885 $8,480 $189,405
2021 $2,828 $154,582 $5,500 $149,082
2020 $2,643 $145,496 $0 $0
2019 $2,166 $113,455 $0 $0
2018 $2,009 $110,452 $0 $0
2017 $1,912 $110,491 $0 $0
2016 $1,719 $86,192 $0 $0
2015 $1,489 $72,049 $0 $0
2014 $1,463 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland Association of REALTORS®

MLS Number: 301523

Heartland Association of REALTORS®

APN: C-14-37-29-071-0790-0050