NOT LISTED FOR SALE

205 E 9th St Frostproof, FL 33843

Estimated Value: $291,000 - $341,000

8 Beds
5 Baths
3,208 Sq Ft
$98/Sq Ft Est. Value

Last Sold August 21, 2023

Last sale price $307,000 $96 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $1,975/month

410 Days on Market

Highlights

  • No HOA
  • Outdoor Storage
  • Baseboard Heating
  • Awning
  • Ceiling Fan

About This Home

As of August 2023

Under contract-accepting backup offers. Amazing Income opportunity with a Total of 5 Rental Units ALL Occupied. 205 E 9th St is 3 buildings with postal addresses of (205 E 9th St unit A & B-2 story duplex, 829 Lime-single story 2BR/1BA with storage/garage and 825 Lime & 302 Virginia -single story duplex). Extensive updates in 2017 to these 5 units. 3 Concrete Buildings in all which are maintained in good condition with all tenants in place for over a year. Total monthly income is currently $4100. Upgrades and repairs as necessary have included plumbing, AC, remodeling and electrical. Each unit has it's own AC/Heat units, Refrigerator and Stove. Centrally located in Frostproof. Only 205 E 9th has a 9th St entrance. ALL others are on the alley off Lime, on Lime or on Virginia. Please DO NOT go on property without an agent. All info is deemed accurate but must be verified by agent and or buyer. Lot size and Bldg sq footage is for all units combined and should be verified. Please see attachments. Photos were taken when units were vacant. Seller requires CASH. Seller will only consider offers from buyers who have actually seen all the properties. Onsite visit, by Buyer, is a requirement, per Seller, prior to submitting offer.

Last Agent to Sell the Property

Cindy Wise

KEYSTONE REALTY Brokerage Phone: 863-635-0030 License #3192426 Listed on: 06/23/2022

Last Buyer's Agent

Michelle Hutto

KEYSTONE REALTY License #650542

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,678

Year Built

  • Built in 1953

Lot Details

  • 0.52 Acre Lot

Home Design

  • Split Level Home
  • Slab Foundation
  • Shingle Roof
  • Block Exterior

Interior Spaces

  • 3,208 Sq Ft Home
  • Ceiling Fan
  • Awning
  • Range

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Outdoor Storage

Schools

  • Frostproof Elementary School
  • Frostproof Middle Se
  • Frostproof Middle - Senior High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Baseboard Heating
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 5 Units
  • 4,493 Sq Ft Building
  • Halls Subdivision

Building Details

  • Gross Income $43,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,678

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Condition: Completed
  • Property Sub Type: Multi-Family
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 3208
  • Lot Size Acres: 0.52
  • New Construction: No
  • Year Built: 1953
  • Building Area Total: 4493
  • Lease Term: Twelve Months
  • Lot Size Sq Ft: 22651
  • Number Of Lots: 1
  • Tenant Pays: Electricity
  • Directions to Property: Intersection of Hwy 630 and 17/Scenic. Take Scenic south to left on 8th Street. Right on Lime.
  • Status: Sold
  • Street Direction: E
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Escrow City: Lake Wales
  • Escrow Postal Code: 33853
  • Escrow State: FL
  • Escrow Street Name: E. Stuart Ave
  • Escrow Street Number: 120
  • List Office Head Office Key Nume: 1052400
  • RATIO Current Price By Calculate: 95.70
  • Total Acreage: 1/2 to less than 1
  • Unit Number YN: 0
  • Water Access YN: 0
  • Tax Year: 2022
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Interior Amenities: Ceiling Fans(s)
  • Appliances Included: Range, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 8
  • Levels: Multi/Split
  • Street Number Modifier: 205
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 298.03

Exterior Features

  • Exterior Features: Awning(s), Lighting, Storage
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Asphalt, Paved
  • Disclosures: Lead Paint
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Garage Spaces: 1
  • Garage Spaces: 1

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Cooling: Wall/Window Unit(s)
  • Heating: Baseboard, Wall Units / Window Unit
  • Sewer: Public Sewer
  • Water Source: Public
  • Individually Metered: Electric

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0

Fee Information

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

Schools

  • Elementary School: Frostproof Elem
  • High School: Frostproof Middle - Senior High
  • Middle Or Junior School: Frostproof Middle Se

Lot Info

  • Parcel Number: 28-31-33-977400-006090
  • Additional Parcels: No
  • Flood Zone Code: X
  • Homestead YN: 0
  • Lot Size Square Meters: 2104

Green Features

  • Green Verification Count: 0

Rental Info

  • Total Actual Rent: 3600

Multi Family

  • Gross Income: 43200
  • Number Of Units Total: 5
  • Total Num Buildings: 3
  • Unit Count: 5

Tax Info

  • Tax Annual Amount: 3678.21
  • Tax Block: F
  • Tax Book Number: 11-12
  • Tax Lot: 9-10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2022
Closed on
Aug 21, 2023
Sold by
Demarco Nancy
Bought by
A & G Residential Property Solutions Llc
Seller's Agent
Cindy Wise
KEYSTONE REALTY
Buyer's Agent
Michelle Hutto
KEYSTONE REALTY
List Price
$495,000
Sold Price
$307,000
Premium/Discount to List
-$188,000
-37.98%
Views
201
Current Estimated Value
$315,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,000
Avg. Annual Appreciation
1.22%
Original Mortgage
$227,000
Outstanding Balance
$221,970
Interest Rate
6.96%
Mortgage Type
Seller Take Back
Estimated Equity
$93,030

Purchase Details

Closed on
Jan 30, 2017
Sold by
Dubberly James C and Estate Of A J Dubberly
Bought by
Demarco Nancy

Purchase Details

Closed on
Jan 11, 2017
Sold by
Dubberly James C and Estate Of A J Dubberly
Bought by
Demarco Nancy

Purchase Details

Closed on
Nov 13, 1995
Sold by
Undiv Clarence E Cagle
Bought by
Dubberly A J and Dubberly Reba A
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
A & G Residential Property Solutions Llc $307,000 Real Estate Title
A & G Residential Property Solutions Llc $307,000 Real Estate Title
Demarco Nancy -- Attorney
Demarco Nancy $80,000 Attorney
Dubberly A J -- --
Dubberly A J $57,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open A & G Residential Property Solutions Llc $227,000
Closed A & G Residential Property Solutions Llc $227,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/21/2023 08/21/23 Sold $307,000 -35.9% $96 / Sq Ft
08/08/2023 08/08/23 Pending -- -- --
07/18/2023 07/18/23 Price Changed $479,000 -1.6% $149 / Sq Ft
06/07/2023 06/07/23 Price Changed $487,000 -1.6% $152 / Sq Ft
04/04/2023 04/04/23 For Sale $495,000 +61.2% $154 / Sq Ft
03/16/2023 03/16/23 Off Market $307,000 -- --
03/04/2023 03/04/23 Price Changed $800,000 0.0% $249 / Sq Ft
03/04/2023 03/04/23 For Sale $800,000 +160.6% $249 / Sq Ft
01/03/2023 01/03/23 Off Market $307,000 -- --
11/01/2022 11/01/22 For Sale $845,000 0.0% $263 / Sq Ft
10/28/2022 10/28/22 Pending -- -- --
06/23/2022 06/23/22 For Sale $845,000 0.0% $263 / Sq Ft
03/20/2020 03/20/20 Rented $700 0.0% --
03/17/2020 03/17/20 Under Contract -- -- --
03/03/2020 03/03/20 For Rent $700 0.0% --
06/07/2018 06/07/18 Rented $700 0.0% --
05/15/2018 05/15/18 For Rent $700 0.0% --
01/04/2018 01/04/18 Off Market $700 -- --
12/29/2017 12/29/17 For Rent $700 +7.7% --
11/18/2017 11/18/17 Off Market $650 -- --
08/16/2017 08/16/17 Rented $650 0.0% --
08/05/2017 08/05/17 Under Contract -- -- --
07/08/2017 07/08/17 For Rent $650 -- --
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
2025 $3,663 $181,289 $52,300 $116,175
2024 $4,040 $176,652 $52,300 $114,837
2023 $4,040 $187,614 $0 $0
2022 $3,678 $170,558 $0 $0
2021 $3,363 $155,053 $21,402 $133,651
2020 $3,247 $149,778 $20,358 $129,420
2018 $3,124 $132,829 $19,575 $113,254
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: K4901819

Stellar MLS

APN: 28-31-33-977400-006090