NOT LISTED FOR SALE

1765 Ridgeway Dr Biloxi, MS 39531

Estimated Value: $157,000 - $210,000

5 Beds
3 Baths
1,522 Sq Ft
$121/Sq Ft Est. Value

Last Sold April 28, 2023

Current estimated payment $1,085/month

52 Days on Market

Highlights

  • 0.51 Acre Lot
  • No HOA
  • 1-Story Property
  • Jeff Davis Elementary School Rated A

About This Home

As of April 2023

Three stand-alone properties/rentals in one area on two adjacent parcels, with potential to add a fourth. There is an opportunity for increasing all three rental rates, as well as transferring lawn maintenance and water bills (currently paid by landlord) to tenants' responsibility, for substantial cash flow increase. The two smaller units at 1764 and 1766 Garden Park are occupied with established tenants which should both be month to month starting 3/31/23, but 1765 Ridgeway is vacant, prepped, and ready for your next tenant. Unaware of any covenants or HOA. DETAILS:

1765 RIDGEWAY, vacant, 3/1; 1,522 SF per appraiser. Remodeled in 2017 (paint, bathtub, waterproof LVT), 2nd potential bathroom off back porch needs completion. Good curb appeal and nice-looking roof. Fenced backyard. X flood zone Potential for value-add via subdividing rear of lot and extending Garden Park rental properties to a fourth total rental unit with approvals. 2022 taxes - $1,410. Current insurance premium is $1,674.....

1764 GARDEN PARK:, currently rented for $550 to stable solo tenant, 1/1 – 680 SF per appraiser, plus an additional 736 of garage/storage on first floor. 2nd flood efficiency above garage (current tenant doesn't have access to). AE flood zone.
2022 taxes - $1,134 (includes both 1764 and 1766 Garden Park structures on same parcel).
Total current insurance premium is $841, plus $666 for flood policy....

1766 GARDEN PARK, currently rented for $430 (likely due for an increase for long-time tenant). 1/1 – 731 SF per appraiser. Single family cottage with fencing. Long term tenant (25+/- years). AE flood zone
2022 taxes - $1,134 (includes both 1764 and 1766 Garden Park structures on same parcel)
Total current insurance premium $819, plus $640 for flood policy.

Last Agent to Sell the Property

Cameron Bell

Cameron Bell Properties, Inc. License #B17224 Listed on: 02/16/2023

Last Buyer's Agent

Yana Sachleben

Keller Williams License #S57795

Keller Williams

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,410

Year Built

  • Built in 1955

Lot Details

  • 0.51 Acre Lot

Interior Spaces

  • 1,522 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Community Details

  • No Home Owners Association
  • 3 Units
  • Low-Rise Condominium
  • Suburban Acres Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1210g-02-093.000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,410

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Unit Levels: One
  • Prop. Type: Residential Income
  • Structure Type: Lowrise 1-2 Floors
  • Year Built: 1955
  • Lot Size Acres: 0.51
  • Subdivision Name: Suburban Acres
  • New Construction: No
  • General Property Information:New Construction: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Furnished: No
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Exterior Features: Other
  • Foundation Details: Other
  • Roof: Other
  • WaterfrontFeaturesWaterfront: No
  • Pool Private: No
  • Construction Type: Other
  • General Property Information:Accessibility Features: No
  • Exterior Features Other3: Yes

Garage/Parking

  • Parking Features: Other
  • Attached Garage: No
  • Parking Features:Other9: Yes

Utilities

  • Cooling: Other
  • Heating: Other
  • Sewer: Other
  • Utilities: Other
  • Water Source: Other
  • Heating:Other18: Yes

Association/Amenities

  • Tax and Financial Information:Association: No

Lot Info

  • Parcel #: 1210g-02-093.000
  • Lot Size Sq Ft: 22215.6
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1410.0
  • Tax Year: 2022

Multi Family

  • Number Of Units Total: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2023
Closed on
Apr 27, 2023
Sold by
Red Fox Rentals Llc
Bought by
Conquering Word Ministries
Seller's Agent
Cameron Bell
Cameron Bell Properties, Inc.
Buyer's Agent
Yana Sachleben
Keller Williams
List Price
$200,000
Current Estimated Value
$176,615

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.84%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Conquering Word Ministries -- Team Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2023 04/28/23 Sold -- -- --
04/10/2023 04/10/23 Pending -- -- --
02/16/2023 02/16/23 For Sale $200,000 0.0% $131 / Sq Ft
09/16/2019 09/16/19 Rented $950 0.0% --
08/17/2019 08/17/19 Under Contract -- -- --
08/08/2019 08/08/19 For Rent $950 -- --
Source: MLS United

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 $1,410 $0 $0 $0
2023 $1,410 $12,843 $0 $0
2022 $1,410 $12,843 $0 $0
2021 $1,410 $12,843 $0 $0
2020 $1,217 $11,073 $0 $0
2019 $1,217 $11,073 $0 $0
2018 $1,217 $11,073 $0 $0
2017 $1,217 $11,074 $0 $0
2015 $1,089 $9,907 $0 $0
2014 -- $12,307 $0 $0
2013 -- $9,907 $3,600 $6,307
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS United

MLS Number: 4039809

MLS United

APN: 1210G-02-093.000