NOT LISTED FOR SALE

Estimated Value: $292,000 - $358,000

8 Beds
2 Baths
1,339 Sq Ft
$244/Sq Ft Est. Value

Last Sold May 23, 2024

Last sale price $345,000 $258 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $2,025/month

59 Days on Market

Highlights

  • No HOA
  • Terrazzo Flooring
  • Central Heating and Cooling System
  • 1 Car Attached Garage
  • Awning
  • North Facing Home

About This Home

As of May 2024

Generating over $6,200 per month in gross rental income ($74,000+ per year), this investment offers a unique combination of cash flow and turnkey management in a sought-after location. After expenses the CAP rate is over 10% and 11.3% cash-on-cash ROI. The home is leased to one tenant, PadSplit, which hosts the property on their platform. PadSplit not only helps members save money and live closer to work but also provides an avenue for investors to achieve 3x+ cash flow. All members are professionally screened by PadSplit, required to pass a background check and undergo income verification. PadSplit handles inbound requests from members and enforces house rules. One rent payment is direct-deposited into the owner's bank account based on the home's previous month's performance. Sold with an optional top-rated super-host who coordinates cleaning and repairs, this property is ideal for any investor. Contact us today for preferred lenders if you need financing. If PadSplit is new to you, please Google 'PadSplit' to learn more about this game-changing affordable housing solution before calling. Part of a portfolio, contact the listing agent if you are interested in purchasing multiple properties with a similar setup and ROI. OFFER REQUIREMENTS: Do all due diligence before submitting an offer, $7,500 EMD, closing agent MUST be Heather Salvatoriello with The Close Agent.

Last Agent to Sell the Property

Kim Meredith-Hampton

ENGEL & VOLKERS ST. PETE Brokerage Phone: 407-219-3315 License #601196 Listed on: 01/26/2024

ENGEL & VOLKERS ST. PETE

Last Buyer's Agent

Dillon Cook

MAVREALTY License #3324785

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,680

Year Built

  • Built in 1964

Lot Details

  • 8,250 Sq Ft Lot
  • North Facing Home
  • Property is zoned RS-50

Parking

  • 1 Car Attached Garage

Home Design

  • Slab Foundation
  • Shingle Roof
  • Concrete Siding

Interior Spaces

  • 1,339 Sq Ft Home
  • Awning
  • Terrazzo Flooring

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Schools

  • Oak Park Elementary School
  • Greco Middle School
  • Middleton High School

Additional Features

  • Exterior Lighting
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Little Cuba Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,680

Year Built

Built in 1964

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Concrete
  • Fireplace: No
  • Living Area: 1339
  • Lot Size Acres: 0.19
  • New Construction: No
  • Year Built: 1964
  • Building Area Total: 1729
  • Lot Size Sq Ft: 8250
  • Status: Sold
  • Street Direction: E
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Building Area Total Srch Sq M: 160.63
  • Escrow City: Altamonte Springs
  • Escrow State: FL
  • Escrow Street Name: Douglas Ave., Suite 1080
  • Minimum Lease: No Minimum
  • RATIO Current Price By Calculate: 257.65
  • Total Acreage: 0 to less than 1/4
  • Water Access YN: 0
  • MFR_InLawSuiteYN: 0
  • Attribution Contact: 407-219-3315
  • Tax Year: 2023
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Terrazzo
  • Full Bathrooms: 2
  • Interior Amenities: Other
  • Appliances Included: Dryer, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 8
  • Levels: One
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 124.40

Exterior Features

  • Direction Faces: North
  • Exterior Features: Awning(s), Lighting, Sidewalk
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Paved
  • Disclosures: Lead Paint, Seller Property Disclosure
  • Water View YN: 0
  • Waterfront Feet Total: 0
  • Flood Zone Panel: 12057C0360H

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 1
  • Garage Yn: Yes

Utilities

  • Utilities: Public
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • 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

Schools

  • Elementary School: Oak Park-HB
  • High School: Middleton-HB
  • Middle Or Junior School: Greco-HB

Lot Info

  • Zoning: RS-50
  • Parcel Number: A-08-29-19-4NP-000007-00004.0
  • Additional Parcels: No
  • Flood Zone Code: X

Rental Info

  • Lease Restrictions YN: 0
  • Month To Month Or Weekly YN: 1

Tax Info

  • Tax Annual Amount: 3680
  • Tax Block: 7
  • Tax Book Number: 4-2
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2024
Closed on
May 22, 2024
Sold by
Pstam6-3209 East 22Nd Avenue Llc
Bought by
Tk Ld 3209 E 22Nd Llc
Seller's Agent
Kim Meredith-Hampton
ENGEL & VOLKERS ST. PETE
Buyer's Agent
Dillon Cook
MAVREALTY
List Price
$350,000
Sold Price
$345,000
Premium/Discount to List
-$5,000
-1.43%
Views
234
Current Estimated Value
$326,781

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$18,219
Avg. Annual Appreciation
-3.35%
Original Mortgage
$258,750
Outstanding Balance
$255,271
Interest Rate
7.1%
Mortgage Type
New Conventional
Estimated Equity
$71,510

Purchase Details

Listed on
Sep 24, 2021
Closed on
Dec 3, 2021
Sold by
Flower English Patricia A and Estate Of Charlie English Jr
Bought by
Pstam6 3209 East 22Nd Ave Llc
Seller's Agent
Kety Philidor
PHILIDOR BRADY & CO REALTY LLC
Buyer's Agent
Alex Orlando
List Price
$190,000
Sold Price
$200,000
Premium/Discount to List
$10,000
5.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.70%

Purchase Details

Closed on
Mar 5, 2004
Sold by
Johnson Annabelle E and Johnson Annabell E
Bought by
Johnson Annabelle E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,000
Interest Rate
7.75%
Mortgage Type
New Conventional
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
Tk Ld 3209 E 22Nd Llc $345,000 None Listed On Document
Pstam6 3209 East 22Nd Ave Llc $200,000 Attorney
Johnson Annabelle E -- Nations Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tk Ld 3209 E 22Nd Llc $258,750
Previous Owner Johnson Annabelle E $76,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/23/2024 05/23/24 Sold $345,000 +1.5% $258 / Sq Ft
03/26/2024 03/26/24 Pending -- -- --
02/24/2024 02/24/24 Price Changed $340,000 -2.9% $254 / Sq Ft
01/26/2024 01/26/24 For Sale $350,000 +75.0% $261 / Sq Ft
12/03/2021 12/03/21 Sold $200,000 +5.3% $149 / Sq Ft View Prior Sale
11/13/2021 11/13/21 Pending -- -- --
11/09/2021 11/09/21 For Sale $190,000 0.0% $142 / Sq Ft
09/28/2021 09/28/21 Pending -- -- --
09/24/2021 09/24/21 For Sale $190,000 -- $142 / 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 $3,814 $191,255 $74,456 $116,799
2023 $3,680 $182,775 $70,538 $112,237
2022 $3,508 $172,736 $66,619 $106,117
2021 $2,567 $121,538 $43,106 $78,432
2020 $2,152 $100,141 $35,269 $64,872
2019 $245 $29,605 $0 $0
2018 $225 $29,053 $0 $0
2017 $205 $56,082 $0 $0
2016 $180 $27,619 $0 $0
2015 $132 $27,427 $0 $0
2014 $82 $27,209 $0 $0
2013 -- $26,807 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: U8226530

Stellar MLS

APN: A-08-29-19-4NP-000007-00004.0