Seller's Agent in 2023
Tim Veigle
WATSON REALTY CORP
(407) 399-0879
1 in this area
77 Total Sales
423 S Lee Ave Orlando, FL 32805
Parramore NeighborhoodEstimated Value: $295,000 - $323,000
4
Beds
2
Baths
1,456
Sq Ft
$213/Sq Ft
Est. Value
Highlights
- Property is near public transit
- Central Air
- Fenced
- No HOA
- Combination Dining and Living Room
- Level Lot
About This Home
As of January 2023If you are looking for a property that checks off the boxes for a sound investment, then this property needs to be at the top of the list. The first box is potential rental income. These units are currently below fair market value with long term tenants, but property potential rental based off local comps is $1,100 per unit. This delivers a solid cap rate today, with potential to be even better. This is an investor's dream. The next box that gets checked off is that of the property. This property is very special for the area. The duplex was built in 1989 with concrete block (most homes in area can be anywhere from 1920-1960), each unit has private driveway with chain link fenced yard on separate roads, and the interior floorplan is open with 2 bedrooms and a bathroom off the family space. This means you will get tenants easily, and they will want to stay. The last box that is checked is future potential. The Downtown Orlando area is experiencing a lot of growth from the Amway Center, Orlando City Soccer Stadium, UCF’s Downtown Campus, and Creative Village. This property is in an opportunity zone as well. This is a great investment to add to your portfolio, and it offers a lot of great benefits today, as well as future benefits. This property won't last long so do not sleep on this great opportunity. Call today to determine how you can add this property to your portfolio.
Last Agent to Sell the Property
WATSON REALTY CORP License #3291818 Listed on: 12/06/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,047
Year Built
- Built in 1989
Lot Details
- 6,318 Sq Ft Lot
- Fenced
- Level Lot
Home Design
- Duplex
- Slab Foundation
- Shingle Roof
- Concrete Siding
- Block Exterior
Interior Spaces
- 1,456 Sq Ft Home
- Combination Dining and Living Room
- Laundry Located Outside
Kitchen
- Built-In Oven
- Dishwasher
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Parking
- Driveway
- On-Street Parking
Location
- Property is near public transit
- City Lot
Utilities
- Central Air
- Heating Available
- Cable TV Available
Listing and Financial Details
- Down Payment Assistance Available
- Visit Down Payment Resource Website
- Tax Lot 13
- Assessor Parcel Number 35-22-29-5348-00-131
Community Details
Overview
- No Home Owners Association
- 1,612 Sq Ft Building
- Mcfauls Sub Subdivision
Pet Policy
- Pets Allowed
Building Details
- Gross Income $14,400
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 6, 2022
Closed on
Jan 23, 2023
Sold by
Triana Charles F
Bought by
Kirshner Jason
Seller's Agent
Tim Veigle
WATSON REALTY CORP
Buyer's Agent
Jason Hammer
THE FIRM RE
List Price
$290,000
Sold Price
$297,000
Premium/Discount to List
$7,000
2.41%
Views
248
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
$13,547
Avg. Annual Appreciation
1.61%
Original Mortgage
$252,450
Outstanding Balance
$244,251
Interest Rate
6.33%
Mortgage Type
New Conventional
Estimated Equity
$66,296
Purchase Details
Closed on
Nov 10, 1999
Sold by
The Chase Manhattan Bank Tr
Bought by
Triana Charles F
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$39,100
Interest Rate
7.7%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 29, 1999
Sold by
Clerk Of The Court
Bought by
The Chase Nanhattan Bank
Purchase Details
Closed on
Oct 3, 1996
Sold by
Ford Consumer Finance Company Inc
Bought by
Miranda-Peterso Ivelisse
Purchase Details
Closed on
Jul 30, 1996
Sold by
Clerk Of The Court
Bought by
Ford Consumer Finance Inc
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 |
|---|---|---|---|
| Kirshner Jason | $297,000 | Fidelity National Title | |
| Triana Charles F | $40,000 | -- | |
| The Chase Nanhattan Bank | -- | -- | |
| Miranda-Peterso Ivelisse | $30,000 | -- | |
| Ford Consumer Finance Inc | $52,444 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Kirshner Jason | $252,450 | |
| Previous Owner | Ford Consumer Finance Inc | $39,100 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/23/2023 01/23/23 | Sold | $297,000 | +2.4% | $204 / Sq Ft |
| 12/22/2022 12/22/22 | Pending | -- | -- | -- |
| 12/06/2022 12/06/22 | For Sale | $290,000 | -- | $199 / 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 |
|---|---|---|---|---|
| 2025 | $4,270 | $271,127 | -- | -- |
| 2024 | $2,664 | $224,090 | $50,000 | $174,090 |
| 2023 | $2,664 | $170,816 | $38,000 | $132,816 |
| 2022 | $2,364 | $142,798 | $31,000 | $111,798 |
| 2021 | $2,047 | $106,832 | $26,000 | $80,832 |
| 2020 | $1,881 | $107,555 | $26,000 | $81,555 |
| 2019 | $1,960 | $117,277 | $35,000 | $82,277 |
| 2018 | $1,763 | $99,185 | $26,000 | $73,185 |
| 2017 | $1,583 | $83,422 | $12,100 | $71,322 |
| 2016 | $1,503 | $78,729 | $9,500 | $69,229 |
| 2015 | $1,436 | $74,588 | $9,500 | $65,088 |
| 2014 | $1,368 | $71,395 | $18,000 | $53,395 |
Source: Public Records
Agents Affiliated with this Home
-
Tim Veigle
-
Jason Hammer
Buyer's Agent in 2023
Jason Hammer
THE FIRM RE
(407) 334-7239
1 in this area
81 Total Sales
Map
Source: Stellar MLS
MLS Number: O6076407
APN: 35-2229-5348-00-131
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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