NOT LISTED FOR SALE

230 N Hernando Ave Arcadia, FL 34266

Estimated Value: $202,000 - $242,000

2 Beds
1 Bath
4,218 Sq Ft
$52/Sq Ft Est. Value

Last Sold January 02, 2019

Last sale price $330,000 $78 Per Sq Ft

Est. 33% decrease in value since last sale

Current estimated payment $1,373/month

10 Days on Market

Highlights

  • City View
  • Solid Wood Cabinet
  • Ceramic Tile Flooring
  • No HOA
  • Shed
  • Central Heating and Cooling System

About This Home

As of January 2019

LOOKING FOR A GREAT INVESTMENT? THIS PROPERTY WILL BE A WONDERFUL ADDITION TO ANYONE'S PORTFOLIO. This property consists of three duplexes, a total of six units that remain at 100% occupancy. The owner states she never has vacancies and usually has a list of potential tenants on a waiting list. These duplexes are concrete block and have had major renovations after Hurricane Charley. There are five units that are 2/1 and one unit that is a 3/2. All of the units have their own meters and each tenant pays their own utility bills. The storage building is set up for a laundromat for the tenants but is not in use at this time. This would be great additional income for any buyer if they wanted to get the laundromat into working order again. The owner does have a home warranty plan for all the units that is transferrable and is valid until 2020. If you looking for a gold mine, you may have just found it.

Last Agent to Sell the Property

Brandi Long

THE WILLIAMSON GROUP REALTY, I License #3347368 Listed on: 11/29/2018

Co-Listed By

Michelle Williamson

THE WILLIAMSON GROUP REALTY, I License #680853

Last Buyer's Agent

Malcome Turner

THE WILLIAMSON GROUP REALTY, I License #3352275

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,461

Year Built

  • Built in 1973

Lot Details

  • 0.63 Acre Lot
  • Lot Dimensions are 195x142
  • Additional Parcels

Home Design

  • Duplex
  • Shingle Roof
  • Block Exterior

Interior Spaces

  • 4,218 Sq Ft Home
  • Window Treatments
  • Ceramic Tile Flooring
  • City Views

Kitchen

  • Range
  • Solid Wood Cabinet

Parking

  • Common or Shared Parking
  • Open Parking

Schools

  • Desoto Middle School
  • Desoto County High School

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Additional Features

  • Shed
  • City Lot

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 6 Units
  • 4,740 Sq Ft Building
  • Town Of Arcadia Subdivision

Pet Policy

  • No Pets Allowed

Building Details

  • Gross Income $42,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,461

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Condition: Completed
  • Property Sub Type: Duplex
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 4218
  • Lot Size Acres: 0.63
  • New Construction: No
  • Year Built: 1973
  • Building Area Total: 4740
  • Lot Size Sq Ft: 27443
  • Number Of Lots: 2
  • Tenant Pays: Electricity, Sewer, Water
  • Status: Sold
  • Street Direction: N
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=C7408196&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=C7408196&cview=true&show_results=true&customer_portal=true
  • Unit Count: 6
  • Homestead Y N: No
  • Total Acreage: 1/2 to less than 1
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 1
  • Price per Sq Ft: 78.24
  • Close to Original List Price Ratio: 1
  • Ratio: Current Price\Building Area Total: 69.62
  • View: Yes
  • Co List Office Mls Id: 253500207
  • Co List Office Phone: 863-494-9009
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2017
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile
  • Interior Amenities: Solid Wood Cabinets, Window Treatments
  • Appliances Included: Range, Refrigerator
  • Levels: One
  • Number Of Buildings: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Other Structures: Shed(s), Storage
  • Exterior Features: Sidewalk, Storage
  • Roof: Shingle
  • Pool Private: No
  • View: City
  • Waterfront: No
  • Patio and Porch Features: None
  • Road Surface Type: Paved
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Flood Zone Panel: 12027C0178C
  • Disclosures: Lead Paint, Seller Property Disclosure

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Common, Open, Other
  • Open Parking: Yes

Utilities

  • Utilities: Cable Available, Public, Water - Multiple Meters
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: None
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Deposits Y N: No

Schools

  • High School: DeSoto County High School
  • Middle Or Junior School: DeSoto Middle School

Lot Info

  • Zoning: R-2B
  • Parcel Number: 25-37-24-0012-0150-0022
  • Additional Parcels: Yes
  • Lot Features: City Lot
  • Lot Dimensions: 195X142
  • Flood Zone Code: X
  • Flood Zone Date: 2013-11-06
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: No
  • Total Actual Rent: 3525

Multi Family

  • Gross Income: 42300
  • Number Of Units Total: 6

Tax Info

  • Tax Annual Amount: 4461
  • Tax Block: 15
  • Tax Lot: M

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 29, 2018
Closed on
Jan 2, 2019
Sold by
South Carolyn
Bought by
Medina Salvador
Seller's Agent
Brandi Long
THE WILLIAMSON GROUP REALTY, I
Buyer's Agent
Malcome Turner
THE WILLIAMSON GROUP REALTY, I
List Price
$330,000
Sold Price
$330,000
Current Estimated Value
$220,265

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$109,735
Avg. Annual Appreciation
-5.58%

Purchase Details

Closed on
Dec 8, 2016
Sold by
South Carolyn and South Carlyon
Bought by
South Carolyn
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
Medina Salvador $330,000 Arcadia Abstract & Title Co
South Carolyn -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/02/2019 01/02/19 Sold $330,000 0.0% $78 / Sq Ft
12/03/2018 12/03/18 Pending -- -- --
11/23/2018 11/23/18 For Sale $330,000 -- $78 / 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
2024 $2,649 $138,074 $5,000 $133,074
2023 $2,367 $108,365 $5,000 $103,365
2022 $2,191 $87,667 $0 $0
2021 $2,056 $79,175 $5,000 $74,175
2020 $2,103 $79,642 $5,000 $74,642
2019 $1,770 $68,664 $5,000 $63,664
2018 $1,687 $69,109 $0 $69,109
2017 $1,504 $52,091 $0 $52,091
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: C7408196

Stellar MLS

APN: 25-37-24-0012-0150-0022