NOT LISTED FOR SALE

418 E Park Ave Lake Wales, FL 33853

Estimated Value: $331,000 - $400,000

3 Beds
2 Baths
1,984 Sq Ft
$180/Sq Ft Est. Value

Last Sold July 01, 2022

Last sale price $359,000 $181 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $2,195/month

86 Days on Market

Highlights

  • Additional Residence on Property
  • Private Pool
  • High Ceiling
  • Bartow Senior High School Rated A-
  • Wood Flooring
  • 1-minute walk to Lake Wailes Park

About This Home

As of July 2022

"HONEY STOP THE CAR"; Come see this desirable location with breathtaking views of Lake Wailes...this Old Jewel of Lake Wales is waiting for its new owner to shine again! This lovely historical home is prominently located in walking distance to both Downtown Lake Wales and Crystal lake Park so there is always something to do!. Upon arriving at the house, you’ll enter through a screened front porch great for hosting guests and watching the numerous local parades and events that stroll right down the street. Entering the living room, your eyes are drawn to the many unique features including wood flooring, rounded ceiling, and huge 7 by 5 feet glass window. The house flows easily with abundant natural sunlight to the dining room via the large window. Enjoy your coffee from the secluded dining room screened porch. The spacious primary bedroom of the house features an entire wall of closet space. The spacious and bright yellow apartment located in the back of the home near the pool needs a little TLC but will work great as rental income with its own separated electric meter which includes a full bathroom, kitchen, and bedroom with closet. Entertaining poolside is a breeze with a very large paved pool deck and cooking area. This home is minutes away from Webber international university and Warner university. The possibilities are only limited by your imagination. Please schedule your viewing soon of this rare Lake Wales Jewel.

Last Agent to Sell the Property

Jean Julme

CENTRIC REALTY SERVICES LLC License #3483959 Listed on: 02/21/2022

Last Buyer's Agent

Dolores Vogel

LEGACY REAL ESTATE CENTER INC License #621090

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,631

Year Built

  • Built in 1941

Lot Details

  • 0.4 Acre Lot
  • Lot Dimensions are 80x217
  • East Facing Home
  • Fenced
  • Property is zoned R-2

Parking

  • 3 Carport Spaces

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Wood Frame Construction
  • Metal Roof

Interior Spaces

  • 1,984 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Ceiling Fan
  • Combination Dining and Living Room

Kitchen

  • Built-In Convection Oven
  • Range<<rangeHoodToken>>

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Private Pool
  • Outdoor Storage

Additional Homes

  • Additional Residence on Property

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Tankless Water Heater
  • Gas Water Heater

Community Details

  • No Home Owners Association
  • Lake Wales Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,631

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Brick, Wood Frame
  • Fireplace: No
  • Living Area: 1984
  • Lot Size Acres: 0.4
  • New Construction: No
  • Year Built: 1941
  • Lot Size Sq Ft: 17398
  • Directions to Property: Take I-4 W and US-27 S to W Central Ave in Lake Wales Continue on W Central Ave. Drive to E Park Ave
  • Status: Sold
  • Street Direction: E
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/O6005424?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/O6005424?w=Customer
  • Homestead Y N: No
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 1
  • Price per Sq Ft: 180.95
  • Close to Original List Price Ratio: 0.87561
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Tile, Vinyl, Hardwood
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), High Ceiling(s), Living Room/Dining Room Combo
  • Appliances Included: Built-In Oven, Convection Oven, Gas Water Heater, Range, Refrigerator, Tankless Water Heater
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Stories: 1
  • Street Number Modifier: 418
  • Room Count: 1

Exterior Features

  • Direction Faces: East
  • Other Structures: Additional Single Family Home
  • Exterior Features: Fenced, Storage
  • Roof: Metal
  • Pool Private: Yes
  • Waterfront: No
  • Road Surface Type: Asphalt
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No

Garage/Parking

  • Carport Spaces: 3
  • Carport Y N: Yes
  • Garage Yn: No
  • Covered Parking Spaces: 3
  • Open Parking: No

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Public
  • Cooling: Central Air
  • Heating: Central, Natural Gas
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association Approval Required YN: No

Lot Info

  • Zoning: R-2
  • Parcel Number: 27-30-01-883000-034050
  • Additional Parcels: No
  • Lot Dimensions: 80x217
  • Flood Zone Code: X

Rental Info

  • Minimum Lease: No Minimum
  • Lease Restrictions Y N: No

Tax Info

  • Tax Annual Amount: 2630.67
  • Tax Block: 34
  • Tax Book Number: 1-88A
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2022
Closed on
Jun 30, 2022
Sold by
Caracappa Anthony V
Bought by
Fell Joshua and Fell Hannah
Seller's Agent
Jean Julme
CENTRIC REALTY SERVICES LLC
Buyer's Agent
Dolores Vogel
LEGACY REAL ESTATE CENTER INC
List Price
$359,000
Sold Price
$359,000
Current Estimated Value
$356,146

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,854
Avg. Annual Appreciation
-0.26%
Original Mortgage
$244,000
Outstanding Balance
$233,828
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$122,318

Purchase Details

Closed on
Dec 15, 2021
Sold by
Allender Steven C
Bought by
Caracappa Anthony V

Purchase Details

Closed on
May 17, 2021
Sold by
Miller Terri
Bought by
Marcus Kim

Purchase Details

Closed on
Sep 21, 2018
Sold by
Hoover Gordon and Marcus Kim
Bought by
Miller Terri

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
4.5%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 18, 2014
Sold by
Lester Beverly L
Bought by
Marcus Kim

Purchase Details

Closed on
May 6, 2008
Sold by
Lester Beverly L
Bought by
Lester Beverly L and The Beverly L Lester Trust

Purchase Details

Closed on
Jul 18, 1996
Sold by
Pollock Harold E
Bought by
Lester Stanley E and Lester Beverly L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
8.27%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Fell Joshua $359,000 New Title Company Name
Caracappa Anthony V -- Accommodation
Allender Steven C -- Attorney
Marcus Kim -- Accommodation
Miller Terri $150,000 New Home Title Llc
Marcus Kim $165,000 Real Estate Title Services I
Lester Beverly L -- Attorney
Lester Stanley E $46,300 --
Lester Stanley E $46,300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fell Joshua $244,000
Previous Owner Miller Terri $150,000
Previous Owner Lester Stanley E $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2022 07/01/22 Sold $359,000 0.0% $181 / Sq Ft
05/19/2022 05/19/22 Pending -- -- --
05/03/2022 05/03/22 For Sale $359,000 0.0% $181 / Sq Ft
04/25/2022 04/25/22 Pending -- -- --
03/16/2022 03/16/22 Price Changed $359,000 -5.3% $181 / Sq Ft
03/09/2022 03/09/22 Price Changed $379,000 -7.6% $191 / Sq Ft
02/21/2022 02/21/22 For Sale $410,000 -- $207 / 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
2023 $2,665 $172,750 $0 $0
2022 $4,292 $220,560 $19,051 $201,509
2021 $2,631 $168,420 $0 $0
2020 $2,604 $166,095 $16,607 $149,488
2018 $1,725 $118,560 $0 $0
2017 $1,674 $116,121 $0 $0
2016 $1,669 $113,733 $0 $0
2015 $1,541 $112,942 $0 $0
2014 $1,017 $89,002 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: O6005424

Stellar MLS

APN: 27-30-01-883000-034050