NOT LISTED FOR SALE

502 S 7th St Lake Wales, FL 33853

Estimated Value: $272,000 - $307,000

2 Beds
2 Baths
1,344 Sq Ft
$214/Sq Ft Est. Value

Last Sold August 31, 2021

Last sale price $225,000 $167 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $1,765/month

2 Days on Market

Highlights

  • No HOA
  • Outdoor Storage
  • Ceiling Fan
  • Bartow Senior High School Rated A-
  • Central Heating and Cooling System

About This Home

As of August 2021

Turn-Key investment property! Recently and completely remodeled, these two units offer 2 Bed/1 Bath each. 2021 new roof, R-30 blown-in insulation, exterior painted and new central a/c on one side. 2020 all windows replaced with double-pane, energy efficient windows. 2017/2018 interior on both sides completely renovated. New tile throughout, new kitchens, new bathrooms, new hot water heaters, new ceiling fans, new doors, baseboards and new a/c. Each unit has it's own electric meter and there is a large parking pad for ample parking. Both sides rented, with good renters and leases through December, 2021. Centrally located in Lake Wales, right off Hwy 60E, near State Road 27, Babson Park and Winter Haven.

Last Agent to Sell the Property

Anne Lazzari

WESTLAKE REAL ESTATE CO., INC. License #3151488 Listed on: 08/04/2021

Last Buyer's Agent

Adria Lund

License #3355788

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,269

Year Built

  • Built in 1973

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 65x150

Home Design

  • Duplex
  • Slab Foundation
  • Shingle Roof
  • Block Exterior

Interior Spaces

  • 1,344 Sq Ft Home
  • Ceiling Fan

Kitchen

  • Range
  • Microwave

Outdoor Features

  • Outdoor Storage

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • 2 Units
  • Palm Park Terrace Subdivision

Listing and Financial Details

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,269

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Condition: Completed
  • Property Sub Type: Duplex
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 1344
  • Lot Size Acres: 0.22
  • New Construction: No
  • Year Built: 1973
  • Lot Size Sq Ft: 9583
  • Tenant Pays: Electricity
  • Directions to Property: Highway 60E to 7th St., South.
  • Status: Sold
  • Street Direction: S
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/K4901441?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/K4901441?w=Customer
  • Unit Count: 1
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 1
  • Price per Sq Ft: 167.41
  • Close to Original List Price Ratio: 1
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2020
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Interior Amenities: Ceiling Fans(s)
  • Appliances Included: Electric Water Heater, Microwave, Range, Refrigerator
  • Foundation Details: Slab
  • Street Number Modifier: 502
  • Number Of Buildings: 1

Exterior Features

  • Exterior Features: Sidewalk, Storage
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Asphalt
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Zoning: R-3
  • Parcel Number: 27-30-12-920500-001010
  • Additional Parcels: No
  • Lot Dimensions: 65x150
  • Flood Zone Code: X

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1269.24
  • Tax Block: A
  • Tax Book Number: 10-45
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2021
Closed on
Aug 31, 2021
Sold by
Lazzari Anne
Bought by
Bay St 1 Llc
Seller's Agent
Anne Lazzari
WESTLAKE REAL ESTATE CO., INC.
Buyer's Agent
Adria Lund
List Price
$225,000
Sold Price
$225,000
Current Estimated Value
$287,209

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,209
Avg. Annual Appreciation
6.09%

Purchase Details

Closed on
Jun 29, 2017
Sold by
Brantley Megan S
Bought by
Lazzari Anne

Purchase Details

Closed on
Jun 1, 2017
Bought by
Lazzari Anne

Purchase Details

Closed on
Apr 20, 2017
Sold by
Skeeter Hawk Group Llc
Bought by
Brantley Megan S

Purchase Details

Closed on
Apr 1, 2017
Bought by
Lazzari Anne

Purchase Details

Closed on
Jan 1, 2017
Bought by
Lazzari Anne

Purchase Details

Closed on
Jul 8, 2016
Sold by
Arculeo Kevin Mark and Estate Of Caryl White Maisel
Bought by
Skeeter Hawk Group Llc

Purchase Details

Closed on
Jul 1, 2016
Bought by
Lazzari Anne
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Bay St 1 Llc $225,000 Real Estate Title Svcs Inc
Lazzari Anne $70,000 Real Estate Title Services I
Brantley Megan S -- Real Estate Title Services I
Lazzari Anne -- --
Brantley Megan S -- None Available
Lazzari Anne -- --
Lazzari Anne -- --
Skeeter Hawk Group Llc $62,000 Real Estate Title Svcs Inc
Lazzari Anne $62,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2021 08/31/21 Sold $225,000 0.0% $167 / Sq Ft
08/06/2021 08/06/21 Pending -- -- --
08/04/2021 08/04/21 For Sale $225,000 -- $167 / 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
2025 $2,948 $160,934 -- --
2024 $2,892 $146,304 $12,500 $122,289
2023 $2,892 $141,512 $12,000 $129,512
2022 $2,605 $130,921 $10,000 $120,921
2021 $1,137 $50,262 $10,000 $40,262
2020 $1,269 $56,550 $10,000 $46,550
2018 $1,345 $57,872 $10,000 $47,872
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2021

    Anne Lazzari

    WESTLAKE REAL ESTATE CO., INC.

    (863) 632-4234

    6 in this area

    94 Total Sales

    Anne Lazzari
    Section Image

  • A

    Buyer's Agent in 2021

    Adria Lund

    Section Image
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Map

Source: Stellar MLS

MLS Number: K4901441

Stellar MLS

APN: 27-30-12-920500-001010

Florida Polk County Lake Wales 33853

502 S 7th St, Lake Wales, FL

This home is located at 502 S 7th St, Lake Wales, FL 33853 since 04 August 2021 and is currently estimated at $287,209, approximately $213 per square foot. This property was built in 1973. 502 S 7th St is a home located in Polk County with nearby schools including Spook Hill Elementary School, Bartow Elementary Academy, and Mclaughlin Middle School And Fine Arts Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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