NOT LISTED FOR SALE

1603 Penny Ave Sebring, FL 33870

Estimated Value: $221,869 - $361,000

4 Beds
2 Baths
2,217 Sq Ft
$125/Sq Ft Est. Value

Last Sold January 15, 2018

Last sale price $61,000 $28 Per Sq Ft

Est. 353% increase in value since last sale

Current estimated payment $1,684/month

14 Days on Market

About This Home

As of January 2018

Handyman special. Amazing value add opportunity. Each unit can easily rent for $650/month. Property needs some work and a new owner. Large building. Concrete block stucco. Separate meters. Central heat and air ducts in place. Tons of potential for appreciation, value add and great cash-flow.

Last Agent to Sell the Property

James Villarroel

REALPRO INC License #3009858 Listed on: 12/28/2017

Last Buyer's Agent

James Villarroel

REALPRO INC License #3009858 Listed on: 12/28/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,281

Year Built

  • Built in 1973

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 100x136

Parking

  • Driveway

Home Design

  • 2,217 Sq Ft Home
  • Duplex
  • Shingle Roof
  • Block Exterior

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 9 / 3031
  • Assessor Parcel Number S-33-34-29-140-0000-0090

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Penny Heights Sub Subdivision

Building Details

  • Operating Expense $4,841
  • Gross Income $15,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,281

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Construction Materials: Block
  • Living Area: 2217
  • Lot Size Acres: 0.31
  • New Construction: No
  • Year Built: 1973
  • Lot Size Sq Ft: 13600
  • Directions to Property: Head south Turn left toward Sebring Pkwy Turn right onto Sebring Pkwy Turn left onto Airport Rd/Kenilworth Blvd Turn right onto Penny Ave Destination will be on the right
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • List Office Head Office Key Nume: 1046223
  • RATIO Current Price By Calculate: 27.51
  • Total Acreage: 1/4 Acre to 21779 Sq. Ft.
  • Water Access YN: 0
  • Tax Year: 2016
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Street Number Modifier: 1603
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Exterior Features: Other
  • Roof: Shingle
  • Home Warranty: No
  • Pool Private: No
  • Waterfront: No
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0
  • Flood Zone Date: 2015-11-18T00:00:00.000
  • Flood Zone Panel: 12055C0231C

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Driveway, None

Utilities

  • Cooling: Central Air
  • Heating: Central
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks
  • Association: No
  • Senior Community: No
  • Association Fee Requirement: None

Lot Info

  • Zoning: R2
  • Parcel Number: S-33-34-29-140-0000-0090
  • Additional Parcels: No
  • Lot Dimensions: 100x136
  • Flood Zone Code: X

Multi Family

  • Gross Income: 15600
  • Number Of Units Total: 2
  • Total Num Buildings: 1
  • Unit Count: 2

Tax Info

  • Tax Annual Amount: 1281
  • Tax Block: 3031
  • Tax Book Number: 9-68
  • Tax Lot: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 28, 2017
Closed on
Jan 5, 2018
Sold by
Rock It Properties Llc
Bought by
Hanna Lorenzo
Seller's Agent
James Villarroel
REALPRO INC
Buyer's Agent
James Villarroel
REALPRO INC
List Price
$69,900
Sold Price
$61,000
Premium/Discount to List
-$8,900
-12.73%
Current Estimated Value
$276,217

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$215,217
Avg. Annual Appreciation
21.43%
Original Mortgage
$40,000
Interest Rate
3.94%
Mortgage Type
Balloon

Purchase Details

Listed on
Dec 28, 2017
Closed on
Dec 26, 2017
Sold by
Evan Martha and Evan Martin
Bought by
Rock It Properties Llc
Seller's Agent
James Villarroel
REALPRO INC
Buyer's Agent
James Villarroel
REALPRO INC
List Price
$69,900
Sold Price
$61,000
Premium/Discount to List
-$8,900
-12.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
3.94%
Mortgage Type
Balloon
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
Hanna Lorenzo $61,000 Florida Select Title Llc
Rock It Properties Llc $45,000 Florida Select Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Hanna Lorenzo $40,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/17/2018 04/17/18 Off Market $61,000 -- --
01/15/2018 01/15/18 Sold $61,000 -12.7% $28 / Sq Ft
12/28/2017 12/28/17 For Sale $69,900 -- $32 / 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
2024 $2,822 $180,266 $4,850 $175,416
2023 $2,822 $91,251 $0 $0
2022 $2,493 $124,291 $4,850 $119,441
2021 $2,182 $84,551 $4,850 $79,701
2020 $1,898 $73,564 $0 $0
2019 $1,742 $61,785 $0 $0
2018 $1,739 $63,125 $0 $0
2017 $1,457 $58,842 $0 $0
2016 $1,281 $41,396 $0 $0
2015 $1,303 $42,900 $0 $0
2014 $1,275 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    James Villarroel

    REALPRO INC

    (954) 999-2895

    20 Total Sales

    James Villarroel
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Map

Source: Stellar MLS

MLS Number: N5915628

Stellar MLS

APN: S-33-34-29-140-0000-0090

Florida Highlands County Sebring 33870

1603 Penny Ave, Sebring, FL

This home is located at 1603 Penny Ave, Sebring, FL 33870 since 28 December 2017 and is currently estimated at $276,217, approximately $124 per square foot. This property was built in 1973. 1603 Penny Ave is a home located in Highlands County with nearby schools including Sebring High School, Fred Wild Elementary School, and Sebring Middle School.

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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