Lou Salvemini, Jr.
SUNBRIGHT REALTY, LLC.
(352) 717-2967
37 Total Sales
2 in Lake Wales
$120K - $160K Price Range
224 C St Lake Wales, FL 33853
Lake Wales AreaEstimated Value: $395,953
8
Beds
4
Baths
2,668
Sq Ft
$148/Sq Ft
Est. Value
Highlights
- No HOA
- Ceiling Fan
- Heating Available
- Balcony
- Dogs and Cats Allowed
About This Home
As of March 2026Introducing 224 C street in the tranquil, fast growing city of Lake Wales. This 4-plex offers a steady and reliable source of income, complete with existing tenants. Each of these 2 bedroom one bath units have been recently COMPLETELY REMODELED. Investors will appreciate the immediate cash flow and associated peace of mind. The building offers low maintenance vinyl siding and ALL TENANTS PAY THEIR OWN UTILITIES. A NEW ROOF RATED AT 160 MPH was installed in March, 2024. Each unit rents from $ 1000 to $ 1200/month. So whether you are an experienced investor looking to expand your portfolio or a novice seeking a rliable investment, this property is a testament to the wisdom of real estate ownership in Lake Wales. Also, this property is an excellent addition to any 1031 exchange package. Don't miss this opportunity. Listiing broker has a financial interest in this listing.
Last Agent to Sell the Property
HOSANNA REAL ESTATE SERVICES Brokerage Phone: 863-698-7868 License #3245341 Listed on: 11/19/2025
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,065
Year Built
- Built in 1947
Lot Details
- 6,384 Sq Ft Lot
- Lot Dimensions are 48 x 133
Home Design
- Quadruplex
- Pillar, Post or Pier Foundation
- Frame Construction
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 2,668 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Range with Range Hood
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Outdoor Features
- Balcony
Utilities
- Cooling System Mounted To A Wall/Window
- Heating Available
- Cable TV Available
Listing and Financial Details
- Visit Down Payment Resource Website
- Tenant pays for electricity, sewer, trash collection, water
- Assessor Parcel Number 27-29-35-879000-003142`
Community Details
Overview
- No Home Owners Association
- 2,844 Sq Ft Building
- Lake Wales Land Co Sub Subdivision
Pet Policy
- Dogs and Cats Allowed
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 19, 2025
Closed on
Feb 6, 2026
Sold by
Clarke Wayne S and Clarke Jessica Ryan
Bought by
Seller's Agent
Tom Novack
HOSANNA REAL ESTATE SERVICES
Buyer's Agent
Joseph SiscoTorres
LPT REALTY, LLC
List Price
$399,950
Sold Price
$385,000
Premium/Discount to List
-$14,950
-3.74%
Views
10
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,953
Avg. Annual Appreciation
5.23%
Original Mortgage
$378,026
Outstanding Balance
$376,034
Interest Rate
5.75%
Mortgage Type
FHA
Estimated Equity
$19,919
Purchase Details
Closed on
Jul 11, 2024
Sold by
Oli Inc
Bought by
Clarke Wayne S and Ryan Jessica
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$346,500
Interest Rate
6.29%
Mortgage Type
Construction
Purchase Details
Closed on
Jan 21, 2021
Sold by
Novack Thomas E and Novack Tina A
Bought by
Oli Inc
Purchase Details
Closed on
Jan 10, 2019
Sold by
Meridian Trust Llc
Bought by
Gold Label Holdings Llc
Purchase Details
Closed on
Jan 9, 2019
Sold by
Mack Jerome and Mack Revocable Trust
Bought by
Meridian Trust Llc
Purchase Details
Closed on
Feb 14, 2014
Sold by
Mack Jerome and Mack Juanita
Bought by
Mac Revocable Trust and Mack
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Lake Wales, FL
-
Lou Salvemini, Jr.
-
Ariel Vargas
Ariel Vargas
EXP REALTY LLC
(321) 320-9671
486 Total Sales
3 in Lake Wales
$160K - $250K Price Range
-
Miguel Diaz
Miguel Diaz
REALTY OF AMERICA
(689) 220-1097
81 Total Sales
1 in Lake Wales
$249,240 Price
-
Eddie Crockett
Eddie Crockett
MILLSHIRE REALTY
(863) 400-0769
35 Total Sales
1 in Lake Wales
$250,000 Price
-
Axel Colon
Axel Colon
Responds QuicklyG FIRST REALTY LLC
(689) 220-6981
127 Total Sales
2 in Lake Wales
$160K - $262K Price Range
-
Justin Hess
Justin Hess
INFINITE REAL ESTATE POWERED BY ILIST
(689) 220-1875
85 Total Sales
1 in Lake Wales
$312,214 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $385,000 | None Listed On Document | ||
| Clarke Wayne S | $1,428 | None Listed On Document | |
| Oli Inc | $310,000 | Attorney | |
| Novack Thomas E | $89,900 | Stonebridge Title Group Llc | |
| Gold Label Holdings Llc | $79,900 | Giannell Title Llc | |
| Meridian Trust Llc | $51,000 | Giannell Title Llc | |
| Mac Revocable Trust | $100 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $378,026 | ||
| Previous Owner | Clarke Wayne S | $346,500 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/09/2026 03/09/26 | Sold | $385,000 | -3.7% | $144 / Sq Ft |
| 12/19/2025 12/19/25 | Pending | -- | -- | -- |
| 11/19/2025 11/19/25 | For Sale | $399,950 | -- | $150 / Sq Ft |
Source: Stellar MLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $8,141 | $312,682 | $6,200 | $41,539 |
| 2024 | $3,169 | $56,786 | ||
| 2023 | $3,169 | $51,624 | ||
| 2022 | $1,170 | $46,931 | $5,000 | $41,931 |
| 2021 | $1,109 | $41,584 | $5,000 | $36,584 |
| 2020 | $1,754 | $73,650 | $5,000 | $68,650 |
| 2018 | $1,284 | $48,028 | $5,000 | $43,028 |
| 2017 | $1,288 | $48,418 | $0 | $0 |
| 2016 | $1,278 | $46,607 | $0 | $0 |
| 2015 | $949 | $43,839 | $0 | $0 |
| 2014 | $1,036 | $47,337 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Tom Novack
TN
Seller's Agent in 2026
Tom Novack
HOSANNA REAL ESTATE SERVICES
(863) 698-7858
7 Total Sales
-
Joseph SiscoTorres
JS
Buyer's Agent in 2026
Joseph SiscoTorres
LPT REALTY, LLC
(407) 297-8500
5 Total Sales
Map
Source: Stellar MLS
MLS Number: L4957393
APN: 27-29-35-879000-003142
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Listings courtesy of Stellar MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID
Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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