NOT LISTED FOR SALE

23 W Ward Ave Eustis, FL 32726

Estimated Value: $275,000 - $324,765

3 Beds
2 Baths
2,072 Sq Ft
$148/Sq Ft Est. Value

Last Sold June 17, 2024

Last sale price $330,000 $159 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $1,952/month

211 Days on Market

Highlights

  • City View
  • Wrap Around Porch
  • Fenced
  • No HOA
  • Eat-In Kitchen
  • Wood Siding

About This Home

As of June 2024

Welcome to this one-of-a-kind triplex in the heart of downtown Eustis, where urban convenience meets comfortable living. This exceptional property boasts three distinct and uniquely designed units, providing a fantastic opportunity for both investors and renters seeking a stylish and spacious place to call home. Perfect opportunity for an investor who is looking for cash flowing rental property.

Unit 1 - The Spacious Family Haven:
Step into Unit 1, a generous 3-bedroom, 2-bathroom apartment, where ample space meets modern comfort. With a floor plan that seamlessly connects the living, dining, and kitchen areas. A fenced-in backyard offers privacy and play area. The convenience of a washer and dryer.

Unit 2, 2-bathroom apartment that overlooks the backyard and neighboring fields. This 1920's design has been updated for modern living, and large windows flood the space with natural light. This unit is perfect for this seeking a Downtown charm and central convenience.

Unit 3 is a charming 1-bedroom, 1-bathroom apartment, perfect for those who desire a cozy and intimate space. The well-designed layout maximizes functionality, making this unit a comfortable retreat.

Property Highlights:

Prime downtown Eustis location, close to shops, restaurants, and entertainment.
Unique triplex with three distinct units, offering versatility and proven income potential.
The 3-bedroom unit features a fenced-in backyard for privacy and outdoor activities.

Well-maintained property, currently generating reliable rental income.
This triplex is a rare find in downtown Eustis, offering endless possibilities for investors or those looking to enjoy the convenience of city living. Don't miss the chance to own this triplex gem – it's an investment opportunity that combines the charm of from the past with modern living.

Last Agent to Sell the Property

John Tilton

FLA REAL ESTATE SERVICES Brokerage Phone: 407-668-4396 License #3349145 Listed on: 10/14/2023

Last Buyer's Agent

Zureki Zakhour

MY REALTY GROUP, LLC. License #3523352

MY REALTY GROUP, LLC.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,828

Year Built

  • Built in 1925

Lot Details

  • 8,184 Sq Ft Lot
  • Lot Dimensions are 62x132
  • Fenced

Home Design

  • Triplex
  • Bi-Level Home
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 2,072 Sq Ft Home
  • City Views
  • Crawl Space
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Wrap Around Porch
  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Eustis Subdivision

Building Details

  • Gross Income $42,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,828

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Condition: Completed
  • Property Sub Type: Triplex
  • Construction Materials: Wood Frame, Wood Siding
  • Fireplace: No
  • Living Area: 2072
  • Lot Size Acres: 0.19
  • New Construction: No
  • Year Built: 1925
  • Lease Term: Twelve Months
  • Lot Size Sq Ft: 8184
  • Tenant Pays: Electricity, Water
  • Status: Sold
  • Street Direction: W
  • Ownership: Fee Simple
  • Escrow State: FL
  • RATIO Current Price By Calculate: 159.27
  • Total Acreage: 0 to less than 1/4
  • Water Access YN: 0
  • Attribution Contact: 407-668-4396
  • Tax Year: 2022
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Interior Amenities: Eat-in Kitchen
  • Appliances Included: Refrigerator
  • Foundation Details: Crawlspace
  • Total Bedrooms: 3
  • Levels: Two
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 192.50

Exterior Features

  • Exterior Features: Fence, Lighting
  • Roof: Shingle
  • Pool Private: No
  • View: City
  • Waterfront: No
  • Patio and Porch Features: Covered, Front Porch, Wrap Around
  • Road Surface Type: Asphalt
  • Disclosures: Seller Property Disclosure
  • Water View YN: 0
  • Waterfront Feet Total: 0

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Utilities: Electricity Connected, Sewer Connected
  • Cooling: Wall/Window Unit(s)
  • Heating: Electric
  • 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

Lot Info

  • Zoning: GC
  • Parcel Number: 11-19-26-0100-083-00900
  • Additional Parcels: No
  • Lot Dimensions: 62x132
  • Flood Zone Code: x

Rental Info

  • Total Actual Rent: 3500

Multi Family

  • Gross Income: 42000
  • Number Of Units Total: 3
  • Total Num Buildings: 1
  • Unit Count: 3

Tax Info

  • Tax Annual Amount: 2828.4
  • Tax Block: 083
  • Tax Book Number: 1-79
  • Tax Lot: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2023
Closed on
Jun 14, 2024
Sold by
Tilton Legacy Inc
Bought by
Rivera Victoria
Seller's Agent
John Tilton
FLA REAL ESTATE SERVICES
Buyer's Agent
Zureki Zakhour
MY REALTY GROUP, LLC.
List Price
$326,500
Sold Price
$330,000
Premium/Discount to List
$3,500
1.07%
Views
268
Current Estimated Value
$307,441

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$22,559
Avg. Annual Appreciation
-4.52%
Original Mortgage
$318,986
Outstanding Balance
$312,065
Interest Rate
7.09%
Mortgage Type
FHA
Estimated Equity
-$4,624

Purchase Details

Listed on
Jan 21, 2022
Closed on
Apr 8, 2022
Sold by
Trifecta Investments Llc
Bought by
Tilton Legacy Inc
Seller's Agent
Christina Almquist
CHRISTINA ALMQUIST, LIC BROKER
Buyer's Agent
Madison Woodson
EXP REALTY LLC
List Price
$259,000
Sold Price
$215,000
Premium/Discount to List
-$44,000
-16.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.61%
Original Mortgage
$205,750
Interest Rate
3.91%
Mortgage Type
Construction

Purchase Details

Listed on
Jan 20, 2021
Closed on
Mar 31, 2021
Sold by
Herington Krista
Bought by
Investment Group Of Central Fl Inc
Seller's Agent
Jennifer Garrison
GARRISON REALTY GROUP LLC
Buyer's Agent
Christina Almquist
CHRISTINA ALMQUIST, LIC BROKER
List Price
$199,900
Sold Price
$128,000
Premium/Discount to List
-$71,900
-35.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
66.27%

Purchase Details

Closed on
May 3, 2019
Sold by
Ratsma Nicholas W and Ratsma Sherry
Bought by
Herington Krista

Purchase Details

Closed on
Mar 17, 2000
Sold by
Wittman James C
Bought by
Ratsma Nicholas W and Ratsma Sherry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,200
Interest Rate
8.37%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Rivera Victoria $330,000 Mti Title Insurance Agency
Rivera Victoria $330,000 Mti Title Insurance Agency
Tilton Legacy Inc $237,000 New Title Company Name
Trifecta Investments Llc $210,000 New Title Company Name
Tilton Legacy Inc $237,000 New Title Company Name
Trifecta Investments Llc $210,000 New Title Company Name
Investment Group Of Central Fl Inc $128,000 None Available
Investment Group Of Central Fl Inc $128,000 None Available
Herington Krista $140,000 Attorney
Herington Krista $140,000 Attorney
Ratsma Nicholas W $59,000 --
Ratsma Nicholas W $59,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rivera Victoria $318,986
Previous Owner Tilton Legacy Inc $205,750
Previous Owner Ratsma Nicholas W $47,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/17/2024 06/17/24 Sold $330,000 +20525.0% $159 / Sq Ft
05/13/2024 05/13/24 Pending -- -- --
04/22/2024 04/22/24 Rented $1,600 0.0% --
04/20/2024 04/20/24 For Sale $326,500 0.0% $158 / Sq Ft
04/09/2024 04/09/24 Pending -- -- --
04/01/2024 04/01/24 For Sale $326,500 -1.1% $158 / Sq Ft
03/31/2024 03/31/24 Off Market $330,000 -- --
03/28/2024 03/28/24 Price Changed $326,500 -0.2% $158 / Sq Ft
03/21/2024 03/21/24 Price Changed $327,000 0.0% $158 / Sq Ft
03/08/2024 03/08/24 For Rent $1,600 0.0% --
02/19/2024 02/19/24 Price Changed $328,000 -3.2% $158 / Sq Ft
02/07/2024 02/07/24 Price Changed $339,000 -2.3% $164 / Sq Ft
01/22/2024 01/22/24 Price Changed $347,000 -3.1% $167 / Sq Ft
10/14/2023 10/14/23 For Sale $358,000 0.0% $173 / Sq Ft
02/03/2023 02/03/23 Rented $1,200 0.0% --
12/12/2022 12/12/22 Price Changed $1,200 -4.0% $2 / Sq Ft
12/09/2022 12/09/22 Price Changed $1,250 -3.8% $2 / Sq Ft
12/09/2022 12/09/22 For Rent $1,300 0.0% --
04/08/2022 04/08/22 Sold $215,000 -13.7% $104 / Sq Ft View Prior Sale
02/10/2022 02/10/22 Pending -- -- --
01/29/2022 01/29/22 Price Changed $249,000 -3.9% $120 / Sq Ft
01/20/2022 01/20/22 For Sale $259,000 +102.3% $125 / Sq Ft
03/31/2021 03/31/21 Sold $128,000 -32.6% $62 / Sq Ft View Prior Sale
03/14/2021 03/14/21 Pending -- -- --
03/09/2021 03/09/21 Price Changed $189,900 -5.0% $92 / Sq Ft
03/09/2021 03/09/21 For Sale $199,900 +56.2% $96 / Sq Ft
02/25/2021 02/25/21 Off Market $128,000 -- --
02/20/2021 02/20/21 Pending -- -- --
02/17/2021 02/17/21 For Sale $199,900 0.0% $96 / Sq Ft
01/22/2021 01/22/21 Pending -- -- --
01/20/2021 01/20/21 For Sale $199,900 -- $96 / Sq Ft
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
2026 $4,089 $246,574 $37,405 $209,169
2025 $3,946 $202,655 $29,924 $172,731
2024 $3,946 $202,655 $29,924 $172,731
2023 $3,946 $197,273 $29,924 $167,349
2022 $2,828 $138,472 $22,443 $116,029
2021 $2,400 $118,089 $0 $0
2020 $2,518 $117,965 $0 $0
2019 $1,789 $82,943 $0 $0
2018 $1,602 $74,933 $0 $0
2017 $1,607 $74,933 $0 $0
2016 $1,629 $74,933 $0 $0
2015 $1,641 $73,688 $0 $0
2014 $1,626 $72,557 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: O6149195

Stellar MLS

APN: 11-19-26-0100-083-00900