NOT LISTED FOR SALE

Estimated Value: $190,000 - $472,921

-- Bed
-- Bath
-- Sq Ft
0.9 Acres

Last Sold March 18, 2019

Last sale price $285,000

Est. 9% increase in value since last sale

Current estimated payment $2,250/month

26 Days on Market

Highlights

  • 0.9 Acre Lot
  • No HOA
  • No Heating
  • Lincoln Avenue Academy Rated A-

About This Home

As of March 2019

Crescent Way Mobile Home Park is fully licensed 8 site [Lot Rent] Mobile Home Park.
This is a True mail box money park, All homes are resident owned [LONG TERM].
Gross Rent collection is $34,740.00 per year, Operating expenses are $7,417.00, Making a Net Operating Income of $27,323.00.
At our sale price $320,000.00 that make for an 8.54% CAP rate.
Land lord pays central water and street lighting, Residents pay by separate meters their own electric to Lakeland Electric co.,
Septic systems are Fully permitted and updated July and Dec 2016
Quiet area close to major employment centers, Bustling Lake land Fl. just off I-4 and St Route 92
BetweenTamps and Orlando/Kissimmee growth corridor!!!
information above is deemed reliable but not guaranteed. Parties are parties are advised to verify.

Last Agent to Sell the Property

greg vine

SUNACRE CORP License #154895 Listed on: 01/07/2019

Last Buyer's Agent

greg vine

SUNACRE CORP License #154895 Listed on: 01/07/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,800

Year Built

  • Built in 1969

Lot Details

  • 0.9 Acre Lot

Utilities

  • No Cooling
  • No Heating
  • Septic Tank

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 8 Buildings
  • 8 Units
  • Lakeside Hills Subdivision

Building Details

  • Gross Income $34,740

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,800

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • Construction Materials: Other
  • Fireplace: No
  • Lot Size Acres: 0.9
  • New Construction: No
  • Year Built: 1969
  • Tenant Pays: Electricity
  • Directions to Property: I-$ to St Roue 92 go east , then south on N. Brunnell , then Right onto W. Parker St, The park is on the corner of W. Parker and Crescent Way, Crescent way is a city street that is dirt unmaintained.
  • Status: Sold
  • Street Direction: W
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=N6103565&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=N6103565&cview=true&show_results=true&customer_portal=true
  • Total Acreage: 1/2 to less than 1
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.89063
  • Close to Original List Price Ratio: 0.89063
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2018
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Street Number Modifier: 1706
  • Number Of Buildings: 8
  • ResoLivingAreaSource: Owner

Exterior Features

  • Exterior Features: Other
  • Pool Private: No
  • Waterfront: No
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No

Garage/Parking

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

Utilities

  • Utilities: Electricity Connected
  • Cooling: None
  • Heating: None
  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: No

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Deposits Y N: No

Lot Info

  • Parcel Number: 14-28-23-083500-007051
  • Additional Parcels: No
  • Lot Dimensions: 00
  • Flood Zone Code: X
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Gross Income: 34740
  • Number Of Units Total: 8

Tax Info

  • Tax Annual Amount: 3800
  • Tax Book Number: 19/19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 7, 2019
Closed on
Mar 18, 2019
Sold by
Lakeland Mhp 1 Llc
Bought by
Shwepa Inc
Seller's Agent
greg vine
SUNACRE CORP
Buyer's Agent
greg vine
SUNACRE CORP
List Price
$320,000
Sold Price
$285,000
Premium/Discount to List
-$35,000
-10.94%
Current Estimated Value
$310,307

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,307
Original Mortgage
$213,750
Outstanding Balance
$192,391
Interest Rate
4.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 14, 2017
Sold by
Crescent Way Mobile Home Community Llc
Bought by
Lakeland Mhp 1 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
4.02%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 16, 2009
Sold by
Vaillancourt Wayne and Vaillancourt Nancy
Bought by
Crescent Way Mobile Home Community Llc

Purchase Details

Closed on
Jul 2, 2008
Sold by
Vanbuskirk Deric and Vanbuskirk Kerri
Bought by
Vaillancourt Wayne and Vaillancourt Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
6.08%
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
Shwepa Inc $285,000 First International Ttl Inc
Lakeland Mhp 1 Llc $160,000 First International Title In
Crescent Way Mobile Home Community Llc -- Community Title & Escrow
Vaillancourt Wayne $150,000 Community Title & Escrow
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shwepa Inc $213,750
Previous Owner Lakeland Mhp 1 Llc $20,000
Previous Owner Vaillancourt Wayne $112,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/18/2019 03/18/19 Sold $285,000 -10.9% --
02/02/2019 02/02/19 Pending -- -- --
01/07/2019 01/07/19 For Sale $320,000 -- --
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 $6,705 $236,522 $119,970 $116,552
2022 $6,546 $234,700 $119,970 $114,730
2021 $6,390 $226,015 $119,970 $106,045
2020 $6,252 $225,341 $119,970 $105,371
2018 $3,764 $135,628 $119,970 $15,658
2017 $4,148 $48,906 $0 $0
2016 $3,882 $48,610 $0 $0
2015 $692 $44,191 $0 $0
2014 $2,268 $40,563 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: N6103565

Stellar MLS

APN: 23-28-14-083500-007051