NOT LISTED FOR SALE

407 Big Cedar Way Brandon, FL 33510

2 Beds
2 Baths
2,571 Sq Ft
0.5 Acres

Last Sold April 08, 2020

Last sale price $1,135,000 $441 Per Sq Ft

99 Days on Market

Highlights

  • 0.5 Acre Lot
  • Property is near public transit
  • Rear Porch
  • Limona Elementary School Rated A-
  • No HOA
  • Laundry Room

About This Home

As of April 2020

Rare investment opportunity, located in the heart of Brandon, Florida!
*Total of 4 Tri-plex buildings* 3 units per building*12 unit total and all units currently under lease.
New roofs on all buildings in 2017, well maintained on a dead end street.

Last Agent to Sell the Property

Jim Barron

THE PROPERTY SHOPPE License #3027422 Listed on: 11/13/2019

Last Buyer's Agent

Kenrick Gleckler

GRAYSTONE REAL ESTATE License #3265685

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,495

Year Built

  • Built in 1984

Lot Details

  • 0.5 Acre Lot
  • Lot Dimensions are 75x95
  • Street terminates at a dead end

Home Design

  • Triplex
  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 2,571 Sq Ft Home
  • Ceiling Fan
  • Window Treatments
  • Sliding Doors
  • Combination Dining and Living Room
  • Laundry Room

Kitchen

  • Range
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • Common or Shared Parking
  • Driveway
  • Off-Street Parking

Outdoor Features

  • Rear Porch

Location

  • Property is near public transit
  • City Lot

Schools

  • Mclane Middle School
  • Brandon High School

Utilities

  • Central Heating and Cooling System
  • Thermostat
  • High Speed Internet

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 12 Units
  • 2,691 Sq Ft Building
  • B & H Sub Including Subdivision

Pet Policy

  • Pets Allowed

Building Details

  • Gross Income $115,680

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,495

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Condition: Completed
  • Property Sub Type: Triplex
  • Construction Materials: Brick
  • Fireplace: No
  • Living Area: 2571
  • Lot Size Acres: 0.5
  • New Construction: No
  • Year Built: 1984
  • Building Area Total: 2691
  • Lease Term: 12 Months
  • Lot Size Sq Ft: 7125
  • Tenant Pays: Electricity, Water
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/T3210107?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/T3210107?w=Customer
  • Unit Count: 4
  • Homestead Y N: No
  • Total Acreage: 1/2 to less than 1
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.87308
  • Price per Sq Ft: 441.46
  • Close to Original List Price Ratio: 0.87308
  • Ratio: Current Price\Building Area Total: 421.78
  • View: No
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2018
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Interior Amenities: Ceiling Fans(s), Living Room/Dining Room Combo, Thermostat, Window Treatments
  • Appliances Included: Dishwasher, Range, Refrigerator
  • Foundation Details: Slab
  • Levels: One
  • Number Of Buildings: 4
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Exterior Features: Sliding Doors
  • Roof: Shingle
  • Pool Private: No
  • Road Frontage Type: Street Dead-End
  • Waterfront: No
  • Patio and Porch Features: Rear Porch
  • Road Surface Type: Paved
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Common, Driveway, Off Street
  • Open Parking: No

Utilities

  • Utilities: BB/HS Internet Available, Electricity Connected, Water Available
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Sidewalk
  • Association: No
  • Senior Community: No
  • Association Fee Requirement: None
  • Association Approval Required YN: No

Schools

  • High School: Brandon-HB
  • Middle Or Junior School: McLane-HB

Lot Info

  • Zoning: RMC-16
  • Parcel Number: U-22-29-20-2E2-000000-00008.0
  • Additional Parcels: No
  • Lot Features: City Lot, In County, Near Public Transit, Sidewalk
  • Lot Dimensions: 75x95
  • Flood Zone Code: c
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Total Actual Rent: 9690
  • Pet Restrictions: No aggressive breeds - owners discretion.
  • Additional Lease Restrictions: Owner discretion.

Multi Family

  • Gross Income: 115680
  • Number Of Units Total: 12

Tax Info

  • Tax Annual Amount: 3495.37
  • Tax Block: 20
  • Tax Book Number: 55-4
  • Tax Lot: 8

Range of Values:

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Value Increase
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Percent Increase
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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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/08/2020 04/08/20 Sold $1,135,000 -12.7% $441 / Sq Ft
02/20/2020 02/20/20 Pending -- -- --
11/13/2019 11/13/19 For Sale $1,300,000 +983.3% $506 / Sq Ft
06/16/2014 06/16/14 Off Market $120,000 -- --
09/14/2012 09/14/12 Sold $120,000 0.0% $47 / Sq Ft View Prior Sale
08/08/2012 08/08/12 Pending -- -- --
08/01/2012 08/01/12 For Sale $120,000 -- $47 / 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 $6,894 $312,999 $66,049 $246,950
2023 $6,459 $312,773 $66,049 $246,724
2022 $5,799 $289,148 $58,710 $230,438
2021 $5,252 $226,743 $34,859 $191,884
2020 $4,235 $198,236 $33,024 $165,212
2019 $3,848 $186,675 $33,024 $153,651
2018 $3,495 $153,763 $0 $0
2017 $3,242 $135,364 $0 $0
2016 $3,020 $116,024 $0 $0
2015 $2,816 $105,476 $0 $0
2014 $2,779 $104,242 $0 $0
2013 -- $97,210 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: T3210107

Stellar MLS

APN: U2229202E2000000000080