$230,000
SOLD AUG 20, 2024

1510 Melady Ave Sebring, FL 33870

4 Beds
2 Baths
1,680 Sq Ft
0.31 Acres

Recently Sold

$137 Per Sq Ft

16% Below List Price

7 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • 1-Story Property
  • Front Porch
  • Carpet

About This Home

As of August 2024

Prime Investment Opportunity in Sebring, FL! Unlock the potential of this fully rented duplex located in the heart of Sebring, FL. This property offers a unique opportunity for investors seeking immediate returns or flexibility in their investment strategy.

Property Highlights:
Fully Rented Duplex: Each side features 2 bedrooms and 1 bath, providing a steady stream of rental income. Both units are approximately 850 square feet, offering comfortable living spaces for tenants.
Versatile Purchase Options: The seller is open to selling one half of the duplex, allowing for investment in either a single unit or the entire property based on your needs.
Modern Comfort: Enjoy a mix of tiled and carpeted floors, ensuring a blend of durability and coziness for tenants.
Prime Location: Situated close to all the amenities that Sebring has to offer, this property is ideally located to attract and retain renters. Easy access to shopping, dining, and recreational facilities enhances its appeal.
Investment Potential: With both units already rented, you can start earning income immediately. Plus, Sebring’s growing community offers potential for future appreciation.
Whether you’re looking to expand your real estate portfolio or start a new investment venture, this duplex presents a compelling opportunity. Don’t miss out on the chance to own a property with established rental income and flexible purchasing options.
Tenants will need 24 hour notice to view the property. The site manager will assist in showing. Seller has 3 other Listings that are ideal for investments purposes as well, and will sell together: MLS #'s 306720, 306721 & 306722
All Measurements are approximate.

Last Agent to Sell the Property

Suzette Rhoades

RE/MAX REALTY PLUS License #3459887 Listed on: 07/26/2024

RE/MAX REALTY PLUS

Last Buyer's Agent

Jacqueline Vreeken

Hammock Realty License #3488339

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,459

Year Built

  • Built in 1980

Home Design

  • Duplex
  • Metal Roof
  • Concrete Siding
  • Block Exterior

Interior Spaces

  • 1,680 Sq Ft Home
  • 1-Story Property
  • Single Hung Windows

Flooring

  • Carpet
  • Linoleum

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • Driveway
  • On-Street Parking

Additional Features

  • Front Porch
  • 0.31 Acre Lot
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number S-33-34-29-020-00C0-0030

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,459

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential
  • Lot Size Acres: 0.31
  • Road Surface Type: Paved
  • Directions: South on US Hwy 27 and Lakeview, Turn left on Lakeview Drive, turn right on Kenilworth, Take a right on Melady Ave., Duplex is on the left.
  • Architectural Style: One Story
  • Unit Levels: One
  • Building Stories: 1
  • Year Built: 1980
  • Property Sub Type Additional: Duplex
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Flooring: Carpet, Linoleum
  • Living Area: 1680.0
  • Window Features: Single Hung

Exterior Features

  • Pool Features: None
  • Construction Type: Block, Concrete
  • Patio And Porch Features: Front Porch, Open
  • Property Condition: Resale
  • Roof: Metal

Garage/Parking

  • Parking Features: Driveway, On Street

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Additional Parcels Description: ,,
  • Parcel #: S-33-34-29-020-00C0-0030
  • Zoning Description: R2
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2458.86
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 29, 2005
Sold by
Buchanan Gary Wayne and Williams Pauline Buchanan
Bought by
Warrington Robert A
Current Estimated Value
$244,023
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 Type Sale Price Title Company
Guardian Deed $77,500 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/20/2024 08/20/24 Sold $230,000 -16.4% $137 / Sq Ft
08/03/2024 08/03/24 Pending -- -- --
07/26/2024 07/26/24 For Sale $275,000 0.0% $164 / Sq Ft
04/05/2021 04/05/21 For Rent $850 0.0% --
04/05/2021 04/05/21 Rented $850 +30.8% --
01/22/2019 01/22/19 For Rent $650 0.0% --
01/22/2019 01/22/19 Rented $650 0.0% --
11/14/2014 11/14/14 Sold $113,000 0.0% $67 / Sq Ft
11/13/2014 11/13/14 For Sale $113,000 -- $67 / Sq Ft
10/31/2014 10/31/14 Pending -- -- --
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 $2,459 $150,728 $3,787 $146,941
2023 $2,459 $74,764 $0 $0
2022 $2,174 $105,008 $3,787 $101,221
2021 $1,908 $71,933 $3,787 $68,146
2020 $1,672 $63,841 $0 $0
2019 $1,544 $54,141 $0 $0
2018 $1,454 $55,424 $0 $0
2017 $1,371 $52,934 $0 $0
2016 $1,219 $38,366 $0 $0
2015 $1,197 $37,846 $0 $0
2014 $1,166 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland Association of REALTORS®

MLS Number: 306719

Heartland Association of REALTORS®

APN: S-33-34-29-020-00C0-0030