L
Seller's Agent in 2019
Larry Fett
314 E Magnolia St Arcadia, FL 34266
Estimated Value: $78,000 - $291,000
3
Beds
2
Baths
3,274
Sq Ft
$46/Sq Ft
Est. Value
Highlights
- Wooded Lot
- Separate Formal Living Room
- Corner Lot
- Traditional Architecture
- End Unit
- No HOA
About This Home
As of October 2019Unique opportunity! Original 1938 home + 5 contiguous lots in downtown historical district of Arcadia. Home is in disrepair. There's visible issues w/water entry from roof damage in 2 rooms. There's termite damage present but confined to the softwood furniture and not the hardwood structure itself. The photos here indicate the current condition. There's much that will need to be removed before repair can commence but the structural integrity of the main floor plan under the two story portion including the attic fan and crawlspaces has minor to minimal damage. The side rooms away from the center structure are where the water damage exists. Previous owner left it in deteriorating condition but there's much evidence this home can be restored to livable condition with considerable work. The historical status district rules dictate the home cannot be removed and replaced with another type of structure. However, deed indicates that the other 5 lots can be subdivided and built upon separately. Interested buyers advised to contact the city on what this would entail. The home was built for Eugene Wey the cities original physician and his family. They and his son Jacob Wey the cities first pharmacist resided there until ownership passed to his sons Richard and Robert. Robert's heirs estate have offered it for sale and hope to see it restored to its former granduer. Home is available to be shown but only by licensed buyer representative or listing agents. Please call to arrange viewings.
Last Agent to Sell the Property
Larry Fett
License #3424063 Listed on: 05/28/2019
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $550
Year Built
- Built in 1938
Lot Details
- 0.82 Acre Lot
- North Facing Home
- Corner Lot
- Wooded Lot
- Property is zoned R-1C
Parking
- Off-Street Parking
Home Design
- Traditional Architecture
- Wood Frame Construction
- Shingle Roof
- Wood Siding
- Siding
Interior Spaces
- 3,274 Sq Ft Home
- 2-Story Property
- Wood Burning Fireplace
- Family Room
- Separate Formal Living Room
- Linoleum Flooring
- Crawl Space
Kitchen
- Eat-In Kitchen
- Range
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry Located Outside
- Washer
Accessible Home Design
- Accessible Bedroom
- Accessible Doors
Outdoor Features
- Covered Patio or Porch
Schools
- Memorial Elementary School
- Desoto Middle School
- Desoto County High School
Utilities
- No Cooling
- No Heating
- Cable TV Available
Community Details
- No Home Owners Association
- Original Surv/Arcadia Subdivision
Listing and Financial Details
- Down Payment Assistance Available
- Homestead Exemption
- Visit Down Payment Resource Website
- Legal Lot and Block 1 / 50
- Assessor Parcel Number 25-37-24-0012-0500-0010
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 28, 2019
Closed on
Oct 1, 2019
Sold by
Via Daniel B and Via Danny B
Bought by
Via Daniel B and Rlt Kristie L
Seller's Agent
Larry Fett
Buyer's Agent
Steve Fussell
FUSSELL REALTY INC.
List Price
$89,388
Sold Price
$40,000
Premium/Discount to List
-$49,388
-55.25%
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
$111,277
Avg. Annual Appreciation
24.73%
Purchase Details
Listed on
May 28, 2019
Closed on
Sep 30, 2019
Sold by
Smith Becky
Bought by
Via Danny B
Seller's Agent
Larry Fett
Buyer's Agent
Steve Fussell
FUSSELL REALTY INC.
List Price
$89,388
Sold Price
$40,000
Premium/Discount to List
-$49,388
-55.25%
Purchase Details
Closed on
Sep 10, 2001
Sold by
Wey Keith E
Bought by
Wey Robert J
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Via Daniel B | -- | American Abstract & Ttl Co L | |
| Via Danny B | -- | Arcadia Abstract & Ttl Co In | |
| Via Danny B | $40,000 | Arcadia Abstract & Ttl Co In | |
| Wey Robert J | $10,000 | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/01/2019 10/01/19 | Sold | $40,000 | -55.3% | $12 / Sq Ft |
| 09/06/2019 09/06/19 | Pending | -- | -- | -- |
| 05/21/2019 05/21/19 | For Sale | $89,388 | -- | $27 / Sq Ft |
Source: Stellar MLS
Tax History Compared to Growth
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 | $377 | $12,070 | $12,000 | $70 |
| 2023 | $1,585 | $70,687 | $12,000 | $58,687 |
| 2022 | $1,477 | $61,626 | $0 | $0 |
| 2021 | $2,777 | $116,485 | $12,000 | $104,485 |
| 2020 | $2,580 | $105,347 | $12,000 | $93,347 |
| 2019 | $2,548 | $102,563 | $12,000 | $90,563 |
| 2018 | $550 | $56,928 | $0 | $56,928 |
| 2017 | $201 | $55,757 | $0 | $55,757 |
| 2016 | $554 | $54,610 | $0 | $54,610 |
| 2015 | $560 | $54,230 | $0 | $54,230 |
| 2014 | $561 | $53,800 | $0 | $53,800 |
Source: Public Records
Agents Affiliated with this Home
-
-
Jim Clausen
Seller Co-Listing Agent in 2019
Jim Clausen
CENTURY 21 SCHMIDT REAL ESTATE
(941) 786-8080
1 in this area
16 Total Sales
-
Steve Fussell
S
Buyer's Agent in 2019
Steve Fussell
FUSSELL REALTY INC.
(941) 629-3188
28 in this area
45 Total Sales
Map
Source: Stellar MLS
MLS Number: A4436958
APN: 25-37-24-0012-0500-0010
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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