NOT LISTED FOR SALE

1880 Lakeview Dr Sebring, FL 33870

Estimated Value: $344,899 - $599,000

6 Beds
4 Baths
2,342 Sq Ft
$180/Sq Ft Est. Value

Last Sold March 12, 2024

Last sale price $349,900 $149 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $2,491/month

106 Days on Market

Highlights

  • In Ground Pool
  • No HOA
  • Cooling System Mounted In Outer Wall Opening
  • Engineered Wood Flooring
  • Detached Garage
  • Views

About This Home

As of March 2024

Unleash the full potential of this golden opportunity in downtown Sebring, home of HGTV's newest season of Home Town Takeover! Within walking distance to “The Circle,” this multifaceted property is a strategic gem featuring 4 units, double street exposure, ample parking, a fenced yard, and an inviting inground pool. The current configuration allows for the lucrative option of renting out three units while enjoying the perks of the fourth for free. With R3 Multifamily zoning, the potential for rental income is boundless. The units are currently unoccupied, offering a blank canvas for your vision and customization.

In addition to traditional rentals, the property is ideal for accommodating a blended family or providing independent living space for aging parents, a warm winter retreat for snowbirds, short-term rentals catering to traveling nurses, race teams & fans attending the Sebring International Raceway - home to the legendary Mobil 1 Twelve Hours of Sebring as well as year-round on-track activities of more than 175 individual events on nearly 300 days a year.

The original 2-story home exudes vintage charm, presenting a downstairs unit with 2 bedrooms, a full bathroom, living room, kitchen, dining room, enclosed front porch, and rear laundry area. Upstairs, a separate entrance leads to a charming apartment with a bedroom, living room, kitchen, bathroom, dining area, and laundry—offering versatility and value.

Savor breathtaking views of Lake Jackson and stunning sunsets from the living room windows. The backyard oasis, complete with an inground pool surrounded by a 6 ft white PVC privacy fence, adds an enticing element for potential tenants.

Enhancements such as recently replaced roofs (2021 & 2022), a Trane A/C & Heating unit (2021), and updated ductwork ensure a solid foundation for your investment. While this 1930's gem could use a touch of TLC, the canvas is primed for transformation.

For added peace of mind, recent home inspections for insurance purposes are available to qualified buyers. Seize this outstanding opportunity to elevate your investment portfolio—call today to schedule a showing and secure this prime downtown property!

Living square footage=Unit 1: 1765sq/ft Unit 2: 820sq/ft Apt 1: 600sq/ft Apt 2: 600 sq/ft

Last Agent to Sell the Property

Misty Barrett

RE/MAX REALTY PLUS License #3461049 Listed on: 11/17/2023

RE/MAX REALTY PLUS

Last Buyer's Agent

SEBRING NON MLS

NON-MLS OFFICE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,148

Year Built

  • Built in 1930

Lot Details

  • 7,800

Home Design

  • Frame Construction
  • Shingle Roof

Flooring

  • Engineered Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Parking

  • Detached Garage
  • 2 Carport Spaces
  • Driveway
  • On-Street Parking
  • Assigned Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Central Heating and Cooling System
  • Wall Furnace
  • Window Unit Heating System

Additional Features

  • 2-Story Property
  • In Ground Pool
  • 7,800 Sq Ft Lot
  • Property Views

Community Details

  • No Home Owners Association
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number S-29-34-29-070-1040-0020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,148

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.18
  • Road Surface Type: Paved
  • Directions: From the intersection of US 27 & Sebring Parkway, take US 27 South to Left onto Lakeview, follow around and the home will be on the right at 1880
  • Architectural Style: Two Story
  • Carport Y N: Yes
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 1930
  • Property Sub Type Additional: Apartment
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Flooring: Carpet, Hardwood, Laminate, Simulated Wood

Exterior Features

  • Pool Features: In Ground, Pool
  • View: Lake
  • View: Yes
  • Construction Type: Frame
  • Property Condition: Resale
  • Roof: Shingle

Garage/Parking

  • Carport Spaces: 2.0
  • Parking Features: Assigned, Carport, Driveway, Detached, On Street

Utilities

  • Cooling: Central Air, Electric, 1 Unit, Wall Unit(s)
  • Cooling Y N: Yes
  • Heating: Central, Electric, Wall Furnace
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 7800.0
  • Additional Parcels Description: ,,
  • Additional Parcels: No
  • Parcel #: S-29-34-29-070-1040-0020
  • Zoning Description: R3
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 2147.88
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 17, 2023
Closed on
Mar 12, 2024
Sold by
John A Nichols Revocable Trust
Bought by
Decembre Lunel and Clerjuste Virva Decembre
Seller's Agent
Misty Barrett
RE/MAX REALTY PLUS
Buyer's Agent
SEBRING NON MLS
NON-MLS OFFICE
List Price
$349,900
Sold Price
$349,900
Views
112
Current Estimated Value
$421,475

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,575
Avg. Annual Appreciation
3.29%
Original Mortgage
$332,405
Outstanding Balance
$328,467
Interest Rate
6.63%
Mortgage Type
Construction
Estimated Equity
$38,034

Purchase Details

Listed on
Nov 24, 2015
Closed on
Mar 9, 2016
Sold by
Taras Patricia A
Bought by
Nichols John A
Seller's Agent
Denyelle Dibble
RE/MAX REALTY PLUS
Buyer's Agent
Denyelle Dibble
RE/MAX REALTY PLUS
List Price
$164,900
Sold Price
$150,000
Premium/Discount to List
-$14,900
-9.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.20%
Original Mortgage
$120,000
Interest Rate
4.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 27, 2011
Sold by
Close Gerald W
Bought by
Taras Chester F and Taras Patricia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
4.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 27, 2003
Sold by
Owen Robert G and Owen Georgia L
Bought by
Taras Chester F and Taras Patricia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
5.43%
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
Decembre Lunel $349,900 None Listed On Document
Nichols John A $150,000 Heartland Title Ins Agency C
Taras Chester F $100,000 C & C Title Services Llc
Taras Chester F $130,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Decembre Lunel $332,405
Previous Owner Nichols John A $0
Previous Owner Nichols John A $120,000
Previous Owner Taras Chester F $75,000
Previous Owner Close Gerald W $70,000
Previous Owner Taras Chester F $104,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/12/2024 03/12/24 Sold $349,900 0.0% $149 / Sq Ft
03/03/2024 03/03/24 Pending -- -- --
02/26/2024 02/26/24 For Sale $349,900 0.0% $149 / Sq Ft
02/25/2024 02/25/24 Off Market $349,900 -- --
02/17/2024 02/17/24 For Sale $349,900 0.0% $149 / Sq Ft
12/29/2023 12/29/23 Pending -- -- --
12/21/2023 12/21/23 Price Changed $349,900 -6.7% $149 / Sq Ft
12/12/2023 12/12/23 For Sale $374,900 0.0% $160 / Sq Ft
12/06/2023 12/06/23 Pending -- -- --
12/05/2023 12/05/23 For Sale $374,900 0.0% $160 / Sq Ft
11/22/2023 11/22/23 Pending -- -- --
11/17/2023 11/17/23 For Sale $374,900 +149.9% $160 / Sq Ft
03/23/2016 03/23/16 Sold $150,000 -9.0% $64 / Sq Ft
11/25/2015 11/25/15 Pending -- -- --
11/24/2015 11/24/15 For Sale $164,900 -- $70 / Sq Ft
Source: Heartland Association of REALTORS®

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 $2,333 $110,363 -- --
2023 $2,333 $107,149 $0 $0
2022 $2,148 $104,028 $0 $0
2021 $2,356 $100,998 $0 $0
2020 $2,134 $99,604 $0 $0
2019 $3,073 $97,365 $0 $0
2018 $1,957 $95,550 $0 $0
2017 $2,209 $110,786 $0 $0
2016 $2,772 $96,128 $0 $0
2015 $1,725 $90,679 $0 $0
2014 $1,532 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland Association of REALTORS®

MLS Number: 300061

Heartland Association of REALTORS®

APN: S-29-34-29-070-1040-0020