NOT LISTED FOR SALE

1504 Peavy Ct Lakeland, FL 33801

Eaton Park Neighborhood

Estimated Value: $304,000 - $348,000

2 Beds
1 Bath
2,272 Sq Ft
$141/Sq Ft Est. Value

Last Sold November 22, 2019

Last sale price $173,000 $76 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $2,071/month

4 Days on Market

Highlights

  • Attic
  • No HOA
  • Ceramic Tile Flooring
  • Lincoln Avenue Academy Rated A-
  • Laundry Room
  • Central Heating and Cooling System

About This Home

As of November 2019

Steady income producing triplex for sale, block construction on slab - comprised of (2) 1/1 units and (1) 2/1 units. Annual income - $23,520. Fully occupied units on month to month leases, all tenants have been at the property over 18 months, one for several years. Rents still under market - 1/1's could be $675-$700, and 2/1 could be $800. New drain field added in 2018. Updated PVC plumbing. Owner pays for water.
Annual expenses - Water - $950, Property Taxes - $1864, Lawn Service - $840 Insurance - $1594. Repairs & Maintenance - approx $1600. Owners self manage.

Last Agent to Sell the Property

Craig Morby

SAUNDERS REAL ESTATE, LLC License #3152384 Listed on: 10/28/2019

SAUNDERS REAL ESTATE, LLC

Last Buyer's Agent

Gregory Alexander

TRIDENT REALTY License #3283412

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,864

Year Built

  • Built in 1981

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 89x135

Parking

  • Common or Shared Parking

Home Design

  • 2,272 Sq Ft Home
  • Triplex
  • Slab Foundation
  • Shingle Roof
  • Block Exterior

Kitchen

  • Range
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile

Laundry

  • Laundry Room

Utilities

  • Central Heating and Cooling System
  • Septic Tank
  • Phone Available
  • Cable TV Available

Additional Features

  • Attic

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 2,272 Sq Ft Building
  • Jays Place Subdivision

Building Details

  • Gross Income $23,520

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,864

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 2272
  • Lot Size Acres: 0.28
  • New Construction: No
  • Year Built: 1981
  • Building Area Total: 2272
  • Lot Size Sq Ft: 12219
  • Tenant Pays: Electricity
  • Directions to Property: Combee Road to Skyview, Skyview to Peavy.
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/L4911824?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/L4911824?w=Customer
  • Unit Count: 3
  • Homestead Y N: No
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.96165
  • Price per Sq Ft: 76.14
  • Close to Original List Price Ratio: 0.96165
  • Ratio: Current Price\Building Area Total: 76.14
  • View: No
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2018
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Appliances Included: Dishwasher, Range, Refrigerator
  • Foundation Details: Slab
  • Levels: One
  • Street Number Modifier: 1504
  • Additional Rooms: Attic
  • Number Of Buildings: 1
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Exterior Features: Other
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Patio and Porch Features: Other
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Flood Zone Panel: 12105C0320G
  • Disclosures: None

Garage/Parking

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

Utilities

  • Utilities: Cable Available, Phone Available, Street Lights
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Laundry Room
  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Zoning: R-3
  • Parcel Number: 24-28-27-243530-000110
  • Additional Parcels: No
  • Lot Dimensions: 89x135
  • Flood Zone Code: X
  • Flood Zone Date: 2016-12-22
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Total Actual Rent: 1960

Multi Family

  • Gross Income: 23520
  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 1864
  • Tax Book Number: 67-4
  • Tax Lot: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2019
Closed on
Nov 20, 2019
Sold by
Morby Craig F and Batts Joel K
Bought by
B & O Business Group Llc
Seller's Agent
Craig Morby
SAUNDERS REAL ESTATE, LLC
Buyer's Agent
Gregory Alexander
TRIDENT REALTY
List Price
$179,900
Sold Price
$173,000
Premium/Discount to List
-$6,900
-3.84%
Current Estimated Value
$320,807

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$147,807
Avg. Annual Appreciation
9.99%

Purchase Details

Closed on
Oct 25, 2007
Sold by
Wilhelm Real Estate Group Llc
Bought by
Morby Craig F and Batts Joel K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,585
Interest Rate
6.26%

Purchase Details

Closed on
Oct 30, 2005
Sold by
Schugt Michael and Schugt Michael K
Bought by
Wilhelm Real Estate Group Llc

Purchase Details

Closed on
Jul 15, 2005
Sold by
Krehi Associates Llc
Bought by
Schugt Michael K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,100
Interest Rate
5.46%

Purchase Details

Closed on
Jun 15, 2004
Sold by
Kelly John D
Bought by
Krehi Associates Llc

Purchase Details

Closed on
Apr 16, 2003
Sold by
Averett Ida M and Britt Suzzane A
Bought by
Kelly John D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,600
Interest Rate
5.6%
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
B & O Business Group Llc $173,000 Attorney
Morby Craig F $166,000 Attorney
Wilhelm Real Estate Group Llc $417,000 None Available
Schugt Michael K $137,500 --
Krehi Associates Llc -- --
Kelly John D $104,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Morby Craig F $135,585
Previous Owner Batts Joel K $13,813
Previous Owner Schugt Michael K $103,100
Previous Owner Kelly John D $93,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2019 11/22/19 Sold $173,000 -3.8% $76 / Sq Ft
11/01/2019 11/01/19 Pending -- -- --
10/28/2019 10/28/19 For Sale $179,900 -- $79 / 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
2023 $3,776 $179,798 $0 $0
2022 $3,526 $163,453 $0 $0
2021 $3,413 $148,594 $0 $0
2020 $3,022 $135,085 $10,000 $125,085
2018 $1,864 $59,872 $10,000 $49,872
Source: Public Records

Agents Affiliated with this Home

  • Craig Morby

    Seller's Agent in 2019

    Craig Morby

    SAUNDERS REAL ESTATE, LLC

    (863) 687-2233

    2 in this area

    52 Total Sales

    Section Image

  • G

    Buyer's Agent in 2019

    Gregory Alexander

    TRIDENT REALTY

    (407) 605-5312

    54 Total Sales

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Map

Source: Stellar MLS

MLS Number: L4911824

Stellar MLS

APN: 24-28-27-243530-000110

Florida Polk County Lakeland 33801 Eaton Park

1504 Peavy Ct, Lakeland, FL

This home is located at 1504 Peavy Ct, Lakeland, FL 33801 since 28 October 2019 and is currently estimated at $320,807, approximately $141 per square foot. This property was built in 1981. 1504 Peavy Ct is a home located in Polk County with nearby schools including Oscar J. Pope Elementary School, Combee Academy of Design & Engineering, and Rochelle School Of The Arts.

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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