NOT LISTED FOR SALE

1603 Penny Ave Sebring, FL 33870

Sebring Area

Estimated Value: $207,000 - $296,000

4 Beds
2 Baths
2,217 Sq Ft
$104/Sq Ft Est. Value

Sale Details

Date Sold: January 15, 2018

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

Est. 279% increase in value since last sale

Current estimated payment $1,534 / mo

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

  • 13,600 Sq Ft 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

0.31 Acres

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
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • 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
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Exterior Features: Other
  • Roof: Shingle
  • Home Warranty: No
  • Pool Private: No
  • Waterfront: No
  • Water View YN: 0
  • Waterfront Feet Total: 0
  • 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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 28, 2017
Closed on
Jan 5, 2018
Sold by
Bought by
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
$231,305

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$170,305
Avg. Annual Appreciation
16.85%
Original Mortgage
$40,000
Interest Rate
0.0394%
Mortgage Type
Balloon

Purchase Details

Listed on
Dec 28, 2017
Closed on
Dec 26, 2017
Sold by
Bought by
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
0.0394%
Mortgage Type
Balloon
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$61,000 Florida Select Title Llc
$45,000 Florida Select Title Llc
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,170 $176,669 $7,275 $169,394
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

    18 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

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 All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. 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.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID
Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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