NOT LISTED FOR SALE

1402 Rainbow Ave Sebring, FL 33870

Estimated Value: $379,000 - $521,000

12 Beds
6 Baths
6,048 Sq Ft
$74/Sq Ft Est. Value

Last Sold May 28, 2019

Last sale price $290,000 $48 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $3,107/month

91 Days on Market

Highlights

  • 1.35 Acre Lot
  • Laundry Room
  • Central Air
  • No HOA
  • Ceramic Tile Flooring
  • Ceiling Fan

About This Home

As of May 2019

Wonderful investment property! Three adjacent duplexes being sold together for a total of six units, all currently rented. The back yard is privacy fenced and a new architectural shingle roof was added in 2005. Half the units have new A/C units, some have been replumbed with new tubs and cabinets. All have new windows, stoves and refrigerators, are concrete block construction, newly painted exteriors, with tile floors, covered carports and utility hookup. Room dimensions are approximate: living room 19x16, kitchen 13x12, master bedroom 13x13, guest bedroom 11x11, bath 8x5. City of Sebring water and sewer, with Duke Energy providing electric service. Tenants are on month to month leases and pay all utilities.

Last Agent to Sell the Property

Sandy Larrison

ASHBROOK REALTY LLC License #697360 Listed on: 01/18/2019

Last Buyer's Agent

Sandy Larrison

ASHBROOK REALTY LLC License #697360 Listed on: 01/18/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,138

Year Built

  • Built in 1978

Lot Details

  • 1.35 Acre Lot
  • Lot Dimensions are 234x100
  • Fenced

Parking

  • 1 Carport Space

Home Design

  • Duplex
  • Shingle Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 6,048 Sq Ft Home
  • Ceiling Fan
  • Ceramic Tile Flooring
  • Range
  • Laundry Room

Utilities

  • Central Air
  • Heating Available
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • 3 Buildings
  • 6 Units
  • Sebring Highlands Sub Subdivision

Listing and Financial Details

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,138

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Condition: Completed
  • Property Sub Type: Duplex
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 6048
  • Lot Size Acres: 1.35
  • New Construction: No
  • Year Built: 1978
  • Lot Size Sq Ft: 59000
  • Status: Sold
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=L4905660&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=L4905660&cview=true&show_results=true&customer_portal=true
  • Unit Count: 1
  • Total Acreage: 1 to less than 2
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.89231
  • Price per Sq Ft: 47.95
  • Close to Original List Price Ratio: 0.89231
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2017
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile
  • Interior Amenities: Ceiling Fans(s)
  • Appliances Included: Electric Water Heater, Range, Refrigerator
  • Number Of Buildings: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Exterior Features: Fenced, Sidewalk
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Flood Zone Panel: 12055C0231C

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: Yes
  • Garage Yn: No
  • Parking Features: Covered
  • Covered Parking Spaces: 1
  • Open Parking: No

Utilities

  • Utilities: Electricity Connected
  • Cooling: Central Air
  • Heating: Electric
  • Laundry Features: Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Deposits Y N: No
  • Association Approval Required YN: No

Lot Info

  • Zoning: C1
  • Parcel Number: S-33-34-29-100-1540-0010
  • Additional Parcels: No
  • Lot Dimensions: 234x100
  • Flood Zone Code: X
  • Flood Zone Date: 2015-11-18
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Minimum Lease: No Minimum
  • Lease Restrictions Y N: No

Multi Family

  • Number Of Units Total: 6

Tax Info

  • Tax Annual Amount: 4138
  • Tax Block: 154
  • Tax Book Number: 1-97
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2019
Closed on
May 28, 2019
Sold by
Glw Real Estate Inc
Bought by
Ck Sanders Llc
Seller's Agent
Sandy Larrison
ASHBROOK REALTY LLC
Buyer's Agent
Sandy Larrison
ASHBROOK REALTY LLC
List Price
$325,000
Sold Price
$290,000
Premium/Discount to List
-$35,000
-10.77%
Current Estimated Value
$447,869

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$157,869
Avg. Annual Appreciation
6.76%
Original Mortgage
$150,000
Outstanding Balance
$124,210
Interest Rate
4.1%
Mortgage Type
Commercial
Estimated Equity
$323,659

Purchase Details

Closed on
Jun 1, 2005
Sold by
Krahl Robert R and Krahl Cynthia M
Bought by
Glw Real Estate Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
6.5%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Ck Sanders Llc $290,000 Attorney
Glw Real Estate Inc $160,000 Wauchula Abstract & Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ck Sanders Llc $150,000
Previous Owner Glw Real Estate Inc $160,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/28/2019 05/28/19 Sold $290,000 0.0% $48 / Sq Ft
04/19/2019 04/19/19 Pending -- -- --
04/17/2019 04/17/19 Off Market $290,000 -- --
01/18/2019 01/18/19 For Sale $325,000 -- $54 / 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 $9,177 $400,791 $41,925 $358,866
2024 $8,600 $412,787 $39,425 $373,362
2023 $8,600 $296,430 $0 $0
2022 $7,198 $269,482 $39,425 $230,057
2021 $6,827 $251,478 $39,425 $212,053
2020 $5,997 $223,985 $0 $0
2019 $5,003 $198,470 $0 $0
2018 $4,684 $195,442 $0 $0
2017 $4,138 $143,562 $0 $0
2016 $3,821 $123,114 $0 $0
2015 $3,841 $125,465 $0 $0
2014 $3,674 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Sandy Larrison

    Seller's Agent in 2019

    Sandy Larrison

    ASHBROOK REALTY LLC

    (863) 832-0130

    3 in this area

    116 Total Sales

    Sandy Larrison
    Section Image
See All Agents

Map

Source: Stellar MLS

MLS Number: L4905660

Stellar MLS

APN: S-33-34-29-100-1540-0010

Florida Highlands County Sebring 33870

1402 Rainbow Ave, Sebring, FL

Not Listed for Sale

MultiFamily

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

Nearby Homes