$580,000
SOLD NOV 30, 2024
3 Beds
7 Baths
2,350 Sq Ft
0.47 Acres

Recently Sold

$247 Per Sq Ft

7% Below List Price

207 Days on Market

Highlights

  • Lake Front
  • Open Floorplan
  • Tile Flooring
  • 0.47 Acre Lot
  • No HOA
  • Fenced

About This Home

As of November 2024

Welcome to the Lakeshore Gardens Apartments, a 7-unit apartment community in Winter Haven, Florida. Priced below the recent appraised value, the property consists of 7-units in 2 buildings on 1 parcel totaling 0.47 acres and has undergone extensive capital improvements, including, all new, metal roofs, septic tanks, lift stations, drain field, and significant interior updates in all units. A light value-add offering with low maintenance expenses, the property features a sizable garage storage area to add coin-operated laundry units and abundant area to add common area amenities.
View the property Offering Memorandum on listing broker's website for full details & financial information!

Last Agent to Sell the Property

Phil Ginexi

THE MULTIFAMILY FIRM LLC Brokerage Phone: 941-444-6160 License #3266689 Listed on: 04/13/2024

Co-Listed By

Kyle Keelan

THE MULTIFAMILY FIRM LLC Brokerage Phone: 941-444-6160 License #3256975

Last Buyer's Agent

Stacy Kelly

EXP REALTY LLC License #3337970

EXP REALTY LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,954

Year Built

  • Built in 1952

Lot Details

  • 0.47 Acre Lot
  • Lot Dimensions are 50x400
  • Lake Front
  • Fenced

Parking

  • Open Parking

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Metal Roof
  • Concrete Siding

Interior Spaces

  • 2,350 Sq Ft Home
  • Open Floorplan
  • Lake Views

Flooring

  • Tile
  • Luxury Vinyl Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 7 Bathrooms

Outdoor Features

  • Access To Lake
  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window
  • Septic Tank

Listing and Financial Details

  • Legal Lot and Block 7 / F
  • Assessor Parcel Number 26-28-17-544500-060700

Community Details

Overview

  • No Home Owners Association
  • 7 Units
  • 2,555 Sq Ft Building
  • Ida Lake Sub Subdivision

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Water Meter
  • Operating Expense $22,110
  • Gross Income $74,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,954

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • Construction Materials: Concrete, Wood Frame
  • Fireplace: No
  • Living Area: 2350
  • Lot Size Acres: 0.47
  • New Construction: No
  • Year Built: 1952
  • Building Area Total: 2555
  • Lease Term: Twelve Months
  • Lot Size Sq Ft: 20343
  • Number Of Lots: 1
  • Status: Sold
  • Co List Office Mls Id: MFR281532532
  • Co List Office Phone: 941-444-6160
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Building Area Total Srch Sq M: 237.37
  • Escrow State: FL
  • RATIO Current Price By Calculate: 246.81
  • Total Acreage: 1/4 to less than 1/2
  • Water Access YN: 1
  • Attribution Contact: 941-444-6160
  • Tax Year: 2023
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Luxury Vinyl, Tile, Vinyl
  • Interior Amenities: Open Floorplan
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • ResoLivingAreaSource: Owner
  • Living Area Meters: 218.32

Exterior Features

  • Exterior Features: Fence, Lighting
  • Roof: Metal
  • Pool Private: No
  • Waterfront: Yes
  • Road Surface Type: Gravel
  • Disclosures: None
  • Water Access: Lake
  • Water View: Lake
  • Water View YN: 1
  • Waterfront Feet Total: 0

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Open

Utilities

  • Utilities: Electricity Connected, Water Connected
  • Cooling: Wall/Window Unit(s)
  • Heating: Wall Units / Window Unit
  • Laundry Features: None
  • Sewer: Septic Tank
  • Water Source: Public

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

  • Parcel Number: 26-28-17-544500-060700
  • Additional Parcels: No
  • Lot Dimensions: 50x400
  • Flood Zone Code: X

Rental Info

  • Furnished: Unfurnished
  • Total Actual Rent: 6200
  • Terms Of Lease: Gross Lease

Multi Family

  • Gross Income: 74400
  • Number Of Units Total: 7
  • Waterfront Features: Lake
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Water Meters: 1
  • Total Num Buildings: 2
  • Unit Count: 4
  • Est Annual Market Income: 78600.00

Tax Info

  • Tax Annual Amount: 4954
  • Tax Block: F
  • Tax Book Number: 6-10
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2024
Closed on
Nov 26, 2024
Sold by
Lake Alfred Holdings Llc
Bought by
Mid-State Rentals Llc
Seller's Agent
Phil Ginexi
THE MULTIFAMILY FIRM LLC
Buyer's Agent
Stacy Kelly
EXP REALTY LLC
List Price
$625,000
Sold Price
$580,000
Premium/Discount to List
-$45,000
-7.2%
Views
72
Current Estimated Value
$575,003

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,997
Avg. Annual Appreciation
-0.88%

Purchase Details

Listed on
Mar 23, 2021
Closed on
Feb 5, 2021
Sold by
Ab Real Estate Investment Group Llc
Bought by
Lake Alfred Holdings Llc
Seller's Agent
Gavin Welch
GUARANTEE REALTY LLC
Buyer's Agent
Daisy Perez
LPT REALTY, LLC
Sold Price
$600

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.17%
Original Mortgage
$200,000
Interest Rate
2.65%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 21, 2016
Sold by
Redone Homes Llc
Bought by
Ab Real Estate Investment Group Llc

Purchase Details

Closed on
Feb 25, 2015
Sold by
Neighborhood Management Llc
Bought by
Redone Homes Llc

Purchase Details

Listed on
Nov 15, 2013
Closed on
Dec 9, 2014
Sold by
Redone Homes Llc
Bought by
Neighborhood Management Llc
Seller's Agent
Eileen Belanger
CENTURY 21 MYERS REALTY LAKE WALES
Buyer's Agent
Casandra Vann
KELLER WILLIAMS REALTY SMART
List Price
$100,000
Sold Price
$75,000
Premium/Discount to List
-$25,000
-25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.10%

Purchase Details

Listed on
Nov 15, 2013
Closed on
Oct 15, 2014
Sold by
Marimuthu Ryan and Marimuthu Jaitoon
Bought by
Redone Homes Llc
Seller's Agent
Eileen Belanger
CENTURY 21 MYERS REALTY LAKE WALES
Buyer's Agent
Casandra Vann
KELLER WILLIAMS REALTY SMART
List Price
$100,000
Sold Price
$75,000
Premium/Discount to List
-$25,000
-25%

Purchase Details

Closed on
Feb 26, 2004
Sold by
Gagnon Dwight C and Gagnon Sharon N
Bought by
Marimuthu Ryan and Marimuthu Jaitoon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,500
Interest Rate
5.63%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 8, 1998
Sold by
Crossmun J Crossmun W and Crossmun Betty Crossmun
Bought by
Gagnon Dwight C and Gagnon Sharon N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,000
Interest Rate
6.77%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 24, 1997
Sold by
Carter James L
Bought by
Croasmun W J and Croasmun Betty
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Warranty Deed $580,000 None Listed On Document
Warranty Deed $580,000 None Listed On Document
Warranty Deed $307,500 Golden Rule Title Llc
Quit Claim Deed $275,000 Attorney
Quit Claim Deed $100,000 Florida Family Title Llc
Quit Claim Deed -- Florida Family Title Llc
Warranty Deed $75,000 Real Estate Title Services I
Warranty Deed $173,000 Real Estate Title Services I
Warranty Deed $140,000 --
Warranty Deed $64,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $200,000 Future Advance Clause Open End Mortgage
Previous Owner $127,500 Commercial
Previous Owner $28,000 Commercial
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/30/2024 11/30/24 Sold $580,000 -7.2% $247 / Sq Ft
11/07/2024 11/07/24 Pending -- -- --
10/30/2024 10/30/24 For Sale $625,000 +7.8% $266 / Sq Ft
09/09/2024 09/09/24 Off Market $580,000 -- --
07/22/2024 07/22/24 Price Changed $625,000 -3.8% $266 / Sq Ft
06/17/2024 06/17/24 Price Changed $650,000 -2.3% $277 / Sq Ft
06/06/2024 06/06/24 Price Changed $665,000 -2.1% $283 / Sq Ft
05/24/2024 05/24/24 For Sale $679,000 0.0% $289 / Sq Ft
04/22/2024 04/22/24 Pending -- -- --
04/13/2024 04/13/24 For Sale $679,000 0.0% $289 / Sq Ft
04/14/2021 04/14/21 Rented $600 0.0% --
04/12/2021 04/12/21 For Rent $600 0.0% --
03/29/2021 03/29/21 Rented $600 0.0% --
03/23/2021 03/23/21 For Rent $600 0.0% --
02/09/2021 02/09/21 Sold $307,000 0.0% $131 / Sq Ft View Prior Sale
11/05/2020 11/05/20 Rented $575 0.0% --
11/04/2020 11/04/20 Pending -- -- --
10/26/2020 10/26/20 For Rent $575 0.0% --
10/06/2020 10/06/20 For Sale $279,000 -9.1% $119 / Sq Ft
10/01/2020 10/01/20 Off Market $307,000 -- --
07/27/2020 07/27/20 For Sale $27,900 -62.8% $12 / Sq Ft
08/17/2018 08/17/18 Off Market $75,000 -- --
10/15/2014 10/15/14 Sold $75,000 -25.0% $19 / Sq Ft View Prior Sale
09/09/2014 09/09/14 Pending -- -- --
11/14/2013 11/14/13 For Sale $100,000 -- $25 / 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
2025 $7,714 $600,096 $35,000 $216,397
2024 $5,160 $197,896 -- --
2023 $5,160 $179,905 $33,600 $146,305
2022 $4,873 $169,639 $28,000 $141,639
2021 $3,987 $86,840 $0 $0
2020 $3,624 $78,945 $51,267 $27,678
2018 $3,460 $81,116 $51,267 $29,849
2017 $3,429 $79,566 $0 $0
2016 $3,264 $77,851 $0 $0
2015 $1,196 $76,523 $0 $0
2014 -- $97,188 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4607045

Stellar MLS

APN: 26-28-17-544500-060700