NOT LISTED FOR SALE

164 Berton Dr Unit s 1-4 Lake Placid, FL 33852

Estimated Value: $696,000 - $740,000

5 Beds
4 Baths
2,849 Sq Ft
$254/Sq Ft Est. Value

Last Sold November 15, 2023

Last sale price $735,000 $258 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $4,217/month

17 Days on Market

Highlights

  • Boathouse
  • 76 Feet of Lake Waterfront
  • Dock Does Not Have A Water Supply
  • Lake Placid Elementary School Rated 9+
  • Boat Ramp
  • Parking available for a boat

About This Home

As of November 2023

INCOME PRODUCING INVESTMENT OPPORTUNITY! Don’t miss your chance to own this quadplex with lake frontage on Lake Placid. Turn-key and fully operational rental business being sold furnished with future bookings on the schedule. There are four units including a duplex both having 1 BR/1 BA, full kitchen and dining room, one unit on the second story facing the waterfront having 1 BR/1 BA, newly renovated with full kitchen, dining room, living room and a screened balcony overlooking the lake. The downstairs unit offers 2 BR/ 1 BA with full kitchen, dining room, and living room. Each unit has its own entrance, keyless entry system owned with remote access, and water filtration to all units. Just outside is the outdoor BBQ area that is covered with a nearby fish cleaning station. Walk out on the dock to enjoy the sunsets or bring your boat! There is a seawall and a covered boat lift. The property has beautiful landscaping, lots of upgrades, closed storage and a laundry room separate from the units. There is great earning potential since the rentals are booked seasonally and throughout the year. This property is located on a dead-end street and an additional lot is being sold with this property for guest parking and boat storage. A public boat ramp is nearby to allow guests to quickly unload their water toys. This is a rare opportunity, and nothing can compare to this on the lake! Call for more details and rental information.

Last Agent to Sell the Property

Sara Salas

TOWN & COUNTRY PROPERTIES OF FL Brokerage Phone: 863-494-1739 License #3545600 Listed on: 08/28/2023

Last Buyer's Agent

Sara Salas

TOWN & COUNTRY PROPERTIES OF FL Brokerage Phone: 863-494-1739 License #3545600 Listed on: 08/28/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,523

Year Built

  • Built in 1963

Lot Details

  • 0.5 Acre Lot
  • 76 Feet of Lake Waterfront
  • Lake Front
  • Street terminates at a dead end
  • Fenced
  • Landscaped
  • Private Lot
  • Well Sprinkler System
  • Additional Parcels

Home Design

  • Quadruplex
  • Bi-Level Home
  • Slab Foundation
  • Wood Frame Construction
  • Metal Roof
  • Concrete Siding
  • Block Exterior
  • Vinyl Siding
  • Stucco

Interior Spaces

  • 2,849 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Double Pane Windows
  • Awning
  • Shades
  • Blinds
  • Drapes & Rods
  • Sliding Doors
  • Family Room Off Kitchen
  • Combination Dining and Living Room
  • Storage Room
  • Lake Views
  • Walk-Up Access
  • Attic

Kitchen

  • Eat-In Kitchen
  • Cooktop
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Disposal

Flooring

  • Linoleum
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Dryer
  • Washer

Home Security

  • Security Lights
  • Fire and Smoke Detector

Parking

  • Oversized Parking
  • Guest Parking
  • Off-Street Parking
  • Parking available for a boat

Eco-Friendly Details

  • Energy-Efficient Thermostat
  • Smoke Free Home

Outdoor Features

  • Fishing Pier
  • Access To Lake
  • Seawall
  • Water Skiing Allowed
  • Boat Lift
  • Covered Boat Lift
  • Boathouse
  • Dock Does Not Have A Water Supply
  • Dock made with wood
  • Balcony
  • Enclosed Patio or Porch
  • Exterior Lighting
  • Gazebo
  • Shed
  • Outdoor Grill

Location

  • Flood Zone Lot

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Thermostat
  • Water Filtration System
  • Well
  • Electric Water Heater
  • Water Softener
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • 3,355 Sq Ft Building
  • Harris Lake Placid Camp Site Subdivision

Recreation

  • Boat Ramp

Building Details

  • Gross Income $50,373

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,523

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Condition: Completed
  • Property Sub Type: Quadruplex
  • Construction Materials: Block, Concrete, Stucco, Vinyl Siding, Wood Frame
  • Fireplace: No
  • Living Area: 2849
  • Lot Size Acres: 0.5
  • New Construction: No
  • Year Built: 1963
  • Building Area Total: 3355
  • Lot Size Sq Ft: 21090
  • Number Of Lots: 1
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Building Area Total Srch Sq M: 311.69
  • Escrow City: Arcadia
  • Escrow State: FL
  • Escrow Street Name: W Oak Steet
  • Minimum Lease: No Minimum
  • RATIO Current Price By Calculate: 257.99
  • Total Acreage: 1/2 to less than 1
  • Water Access YN: 1
  • Planned Unit Development Yn: 0
  • Property Description: Walk-Up
  • Tax Year: 2023
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Laminate, Linoleum
  • Interior Amenities: Ceiling Fans(s), Eat-in Kitchen, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Stone Counters, Thermostat, Walk-In Closet(s), Window Treatments
  • Appliances Included: Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator, Washer, Water Filtration System, Water Softener
  • Foundation Details: Slab
  • Total Bedrooms: 5
  • Levels: Two
  • Spa Yn: No
  • Window Features: Aluminum Frames, Blinds, Double Pane Windows, Drapes, Rods, Shades, Window Treatments
  • ResoLivingAreaSource: PublicRecords
  • Additional Rooms: Attic,Family Room,Storage Rooms
  • Living Area Meters: 264.68

Exterior Features

  • Other Structures: Boat House, Gazebo, Shed(s), Storage
  • Exterior Features: Awning(s), Balcony, Fence, Irrigation System, Lighting, Outdoor Grill, Sliding Doors, Sprinkler Metered, Storage
  • Roof: Metal
  • Pool Private: No
  • View: Water
  • Water Body Name: LAKE PLACID/LAKE CHILDS
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Enclosed, Front Porch, Patio, Porch, Screened
  • Road Surface Type: Asphalt, Paved
  • Disclosures: Lead Paint, Seller Property Disclosure
  • Water Access: Lake
  • Water Extras: Boathouse,Dock - Wood,Dock w/o Water Supply,Fishing Pier,Lift,Lift - Covered,Seawall - Other,Skiing Allowed
  • Water View: Lake
  • Water View YN: 1
  • Waterfront Feet Total: 76
  • Water Frontage Feet Lake: 76
  • Additional Water Information: Public boat ramp walking distance

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Boat, Guest, Off Street, Oversized

Utilities

  • Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Sprinkler Well, Water Connected
  • Cooling: Central Air
  • Heating: Central, Exhaust Fan
  • Laundry Features: Laundry Room, Other, Outside
  • Sewer: Septic Tank
  • Water Source: Well
  • Individually Metered: Electric

Condo/Co-op/Association

  • Community Features: Boat Ramp
  • Association: No
  • Security: Security Lights, Smoke Detector(s)
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 0
  • Association Fee Requirement: None
  • SW Subdiv Condo Num: 699

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Lot Info

  • Zoning: 08 - MULTI-FAM <10 UNITS
  • Parcel Number: C-08-37-30-020-0020-0070
  • Additional Parcels: Yes
  • Lot Features: FloodZone, In County, Landscaped, Private, Street Dead-End, Paved
  • Flood Zone Code: AE

Green Features

  • Efficiency: Thermostat
  • Green Indoor Air Qlty: No Smoking-Interior Buildg

Rental Info

  • Furnished: Furnished
  • Lease Restrictions YN: 0
  • Terms Of Lease: Other

Multi Family

  • Gross Income: 50373
  • Number Of Units Total: 4
  • Waterfront Features: Lake
  • Total Num Buildings: 2
  • Unit Count: 4

Tax Info

  • Tax Annual Amount: 4522.64
  • Tax Block: 2
  • Tax Book Number: PB4-PG 35
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2023
Closed on
Nov 14, 2023
Sold by
Pmf Management Group Llc
Bought by
Placid Views Llc
Seller's Agent
Sara Salas
TOWN & COUNTRY PROPERTIES OF FL
Buyer's Agent
Sara Salas
TOWN & COUNTRY PROPERTIES OF FL
List Price
$795,000
Sold Price
$735,000
Premium/Discount to List
-$60,000
-7.55%
Views
15
Current Estimated Value
$723,142

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$11,858
Avg. Annual Appreciation
-0.79%

Purchase Details

Closed on
Jul 27, 2020
Sold by
Ramirez Jose A
Bought by
Mallardi Gia

Purchase Details

Closed on
May 10, 2019
Sold by
Harvey Jim W and Harvey Misty C
Bought by
Pmf Management Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 18, 2014
Sold by
Fruit Janine and Heyder Kenneth
Bought by
Harvey Jim W and Harvey Misty C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5%
Mortgage Type
Balloon
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Placid Views Llc $713,000 None Listed On Document
Placid Views Llc $713,000 None Listed On Document
Mallardi Gia $100 None Listed On Document
Mallardi Gia -- Attorney
Pmf Management Group Llc $315,000 Clear Title & Legal Services
Harvey Jim W $301,500 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pmf Management Group Llc $252,000
Previous Owner Harvey Jim W $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/15/2023 11/15/23 Sold $735,000 -7.5% $258 / Sq Ft
09/15/2023 09/15/23 Pending -- -- --
08/28/2023 08/28/23 For Sale $795,000 -- $279 / 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 $4,919 $344,511 $128,625 $215,886
2023 $4,919 $249,503 $0 $0
2022 $4,357 $260,423 $128,625 $131,798
2021 $4,226 $246,415 $128,625 $117,790
2020 $3,582 $184,828 $0 $0
2019 $4,016 $213,715 $0 $0
2018 $4,005 $228,041 $0 $0
2017 $3,545 $179,976 $0 $0
2016 $3,547 $177,508 $0 $0
2015 $3,136 $157,654 $0 $0
2014 $3,107 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4581015

Stellar MLS

APN: C-08-37-30-020-0020-0070