Theresa Reilley
Responds Quickly
COMPASS FLORIDA LLC
(813) 437-9351
58 Total Sales
1 in Lake Wales
$182,000 Price
241 E Seminole Ave Lake Wales, FL 33853
Lake Wales Area
10
Beds
10
Baths
7,865
Sq Ft
0.37
Acre Lot
Highlights
- Property is near public transit
- Corner Lot
- Covered Patio or Porch
- Wood Flooring
- No HOA
- Oversized Parking
About This Home
As of July 2023GREAT OPPORTUNITY TO PURCHASE a value-add Apartment Complex in one of the fastest growing markets in the heart of Central Florida. The GRAND FLORIDIAN apartment complex houses 10 units with desirable layouts and are of comfortable sizes. The apartments offer original hardwood flooring, with a living room, dining room, kitchen, bedroom and full bathroom. The property has laundry facilities and its own private parking lot. The convenience of this in-town location is suitable for walking or biking on quiet streets and numerous sidewalks that lead to city parks, lakes and sports fields. It’s an enjoyable location to Historic Downtown Lake Wales, library, restaurants and shops. This is a grand investment property to consider adding to your monetary portfolio with continual long-term rent income or to consider a different avenue as, Vacation Rental Operator for winter residents and/or short-term destination retreat. Seller will entertain a combined purchase with 21-unit complex just minutes away at the Court of Seven Chimneys on Park Avenue. (No seller financing no assumable mortgage)
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,730
Year Built
- Built in 1930
Lot Details
- 16,026 Sq Ft Lot
- Lot Dimensions are 132x121
- Corner Lot
- Oversized Lot
- Level Lot
Home Design
- Shingle Roof
- Membrane Roofing
- Concrete Siding
- Stucco
Interior Spaces
- 7,865 Sq Ft Home
- Ceiling Fan
- Crawl Space
- Laundry Located Outside
Kitchen
- Range with Range Hood
- Solid Wood Cabinet
Flooring
- Wood
- Laminate
Bedrooms and Bathrooms
- 10 Bedrooms
- 10 Bathrooms
Parking
- Oversized Parking
- Driveway
- Guest Parking
- Open Parking
Outdoor Features
- Covered Patio or Porch
- Exterior Lighting
Location
- Property is near public transit
Utilities
- Cooling System Mounted To A Wall/Window
- Heating System Mounted To A Wall or Window
- Electric Water Heater
- High Speed Internet
- Cable TV Available
Community Details
- No Home Owners Association
- 7,865 Sq Ft Building
- Alta Vista Subdivision
Listing and Financial Details
- Legal Lot and Block 4 / JJ
- Assessor Parcel Number 27-30-02-909610-010040
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
Mar 7, 2023
Closed on
Jun 30, 2023
Sold by
Otamot Land Llc
Bought by
Seller's Agent
Drew Farrar
1513 REALTY LLC
Buyer's Agent
Ed Moore
FUTURE HOME REALTY INC
List Price
$900,000
Sold Price
$750,000
Premium/Discount to List
-$150,000
-16.67%
Views
171
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Outstanding Balance
$434,079
Interest Rate
6.57%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 5, 2021
Sold by
Jd Crystal Lake Llc
Bought by
Otamot Land Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,215,000
Interest Rate
2.99%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jan 22, 2018
Sold by
Grand Floridian Court Llc
Bought by
Jd Crystal Lake Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,240,000
Interest Rate
3.94%
Purchase Details
Closed on
Dec 18, 2013
Sold by
Fields David L
Bought by
All Around Polk Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,250
Interest Rate
4.38%
Purchase Details
Closed on
Jun 29, 2011
Sold by
Fields David L
Bought by
All Around Polk Properties Llc
Purchase Details
Closed on
Mar 29, 2010
Sold by
Ib Property Holdings Llc
Bought by
Fields David L
Purchase Details
Closed on
Nov 17, 2009
Sold by
Karsnak Robert
Bought by
Ib Property Holdings Llc
Purchase Details
Closed on
Jul 13, 2007
Sold by
Karsnak Robert and Seminole Avenue Trust #241
Bought by
Karsnak Robert and Karsnak Jennifer
Purchase Details
Closed on
Oct 12, 2006
Sold by
Karsnak Robert
Bought by
Karsnak Robert and Seminole Avenue Trust #241
Purchase Details
Closed on
Jul 15, 2004
Sold by
Farmer Mary L
Bought by
Dey David
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
6.24%
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Lake Wales, FL
-
Theresa Reilley
-
Carlos DeJesus
Carlos DeJesus
EXIT REALTY 4CORNERS
(689) 333-6268
116 Total Sales
1 in Lake Wales
$296,990 Price
-
Beth Stevens
Beth Stevens
FUTURE HOME REALTY INC
(813) 578-0572
119 Total Sales
2 in Lake Wales
$50K - $268K Price Range
-
Norquy Pagan
Norquy Pagan
NONA LEGACY POWERED BY LA ROSA
(689) 215-7535
63 Total Sales
1 in Lake Wales
$420,000 Price
-
Amy Reynolds
Amy Reynolds
LOCKHART & ASSOCIATES INC
(863) 656-3140
64 Total Sales
2 in Lake Wales
$185K - $205K Price Range
-
Vanessa Scotland, PA
Vanessa Scotland, PA
SERHANT
(689) 407-5628
154 Total Sales
1 in Lake Wales
$240,000 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 |
|---|---|---|---|
| $750,000 | None Listed On Document | ||
| Otamot Land Llc | $2,430,000 | Attorney | |
| Jd Crystal Lake Llc | $1,450,000 | Attorney | |
| All Around Polk Properties Llc | -- | Sunbelt Title Agency | |
| Grand Floridian Court Llc | $195,000 | Sunbelt Title Agency | |
| All Around Polk Properties Llc | -- | None Available | |
| All Around Polk Properties Llc | -- | None Available | |
| Fields David L | $125,000 | Attorney | |
| Ib Property Holdings Llc | -- | Attorney | |
| Karsnak Robert | -- | None Available | |
| Karsnak Robert | -- | None Available | |
| Dey David | -- | Advantage Title Services Inc | |
| Karsnak Robert | $125,000 | Advantage Title Services Inc |
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 | $450,000 | ||
| Previous Owner | Otamot Land Llc | $1,215,000 | |
| Previous Owner | Jd Crystal Lake Llc | $1,240,000 | |
| Previous Owner | Grand Floridian Court Llc | $146,250 | |
| Previous Owner | Karsnak Robert | $220,000 |
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 |
|---|---|---|---|---|
| 07/03/2023 07/03/23 | Sold | $750,000 | 0.0% | $95 / Sq Ft |
| 05/24/2023 05/24/23 | Rented | $1,000 | 0.0% | -- |
| 03/30/2023 03/30/23 | For Rent | $1,000 | 0.0% | -- |
| 03/29/2023 03/29/23 | Pending | -- | -- | -- |
| 03/07/2023 03/07/23 | For Sale | $900,000 | -- | $114 / 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 | $12,526 | $621,495 | $10,382 | $586,075 |
| 2024 | $10,027 | $609,796 | $10,382 | $569,962 |
| 2023 | $10,027 | $479,255 | $10,382 | $31,520 |
| 2022 | $9,730 | $479,255 | $10,382 | $41,307 |
| 2021 | $7,221 | $266,295 | $0 | $0 |
| 2020 | $6,945 | $479,255 | $0 | $0 |
| 2018 | $5,301 | $220,816 | $10,382 | $210,434 |
| 2017 | $5,135 | $213,792 | $0 | $0 |
| 2016 | $4,875 | $195,622 | $0 | $0 |
| 2015 | $3,943 | $182,190 | $0 | $0 |
| 2014 | $3,829 | $174,916 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Drew Farrar
Seller's Agent in 2023
Drew Farrar
1513 REALTY LLC
(863) 528-3771
61 Total Sales
-
Ed Moore
Buyer's Agent in 2023
Ed Moore
FUTURE HOME REALTY INC
(813) 781-3622
28 Total Sales
Map
Source: Stellar MLS
MLS Number: K4902068
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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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