NOT LISTED FOR SALE

507 N 5th St Lake Wales, FL 33853

Estimated Value: $190,000 - $199,770

3 Beds
2 Baths
1,036 Sq Ft
$188/Sq Ft Est. Value

Last Sold February 21, 2023

Last sale price $205,000 $198 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $1,288/month

4 Days on Market

Highlights

  • Main Floor Primary Bedroom
  • No HOA
  • Combination Dining and Living Room
  • Spanish Architecture
  • Central Heating and Cooling System
  • 3-minute walk to Larry Linton Sports Complex

About This Home

As of February 2023

Unique Opportunity!!! This adorable 3/2 is perfect for a first time home buyer! The best part is the DETACHED 1 bedroom 2nd home that can be used as an in-law suite or rental income or whatever your imagination decides! This one wont last long. Its priced VERY aggressively. Schedule you showing today! Throw in a few updates and you have a serious showplace. Wonderful neighborhood and convenient to everything you need!

Last Agent to Sell the Property

Stephen Wible

OFFERPAD BROKERAGE FL, LLC License #3236970 Listed on: 01/18/2023

Last Buyer's Agent

Bianca Janice Williams

FRE ASSOCIATES LLC License #3126065

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $394

Year Built

  • Built in 1925

Lot Details

  • 8,089 Sq Ft Lot
  • East Facing Home
  • Property is zoned R-3

Home Design

  • Spanish Architecture
  • Wood Frame Construction
  • Membrane Roofing
  • Stucco

Interior Spaces

  • 1,036 Sq Ft Home
  • Combination Dining and Living Room
  • Laminate Flooring
  • Crawl Space
  • Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Alta Vista Resub Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$394

Year Built

Built in 1925

Lot Details

8,089 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Spanish/Mediterranean
  • Construction Materials: Stucco, Wood Frame
  • Fireplace: No
  • Living Area: 1036
  • Lot Size Acres: 0.19
  • New Construction: No
  • Year Built: 1925
  • Building Area Total: 1075
  • Lot Size Sq Ft: 8089
  • Status: Sold
  • Street Direction: N
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/T3423524?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/T3423524?w=Customer
  • Homestead Y N: Yes
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Call Center Phone Number: 800-746-9464
  • Ratio: Close Price\List Price: 1.025
  • Price per Sq Ft: 197.88
  • Close to Original List Price Ratio: 1.025
  • Ratio: Current Price\Building Area Total: 190.7
  • View: No
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2022
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Laminate
  • Full Bathrooms: 2
  • Interior Amenities: Living Room/Dining Room Combo, Master Bedroom Main Floor
  • Appliances Included: Range
  • Foundation Details: Crawlspace
  • Total Bedrooms: 3
  • Levels: One
  • Room Count: 6
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: East
  • Exterior Features: Other
  • Roof: Membrane
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Asphalt
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Flood Zone Panel: 12105C0565H
  • Disclosures: Lead Paint, Seller Property Disclosure

Garage/Parking

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

Utilities

  • Utilities: Cable Connected, Electricity Connected
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Other
  • 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-3
  • Parcel Number: 27-30-02-909580-000020
  • Additional Parcels: No
  • Flood Zone Code: X
  • Flood Zone Date: 2016-12-22
  • ResoLotSizeUnits: SquareFeet

Rental Info

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

Tax Info

  • Tax Annual Amount: 394
  • Tax Block: GG
  • Tax Book Number: 24-26
  • Tax Lot: B

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2023
Closed on
Feb 13, 2023
Sold by
Bellamy Mary Beth and Bellamy Tasha M
Bought by
St Louis Guy
Seller's Agent
Stephen Wible
OFFERPAD BROKERAGE FL, LLC
Buyer's Agent
Bianca Janice Williams
FRE ASSOCIATES LLC
List Price
$200,000
Sold Price
$205,000
Premium/Discount to List
$5,000
2.5%
Views
86
Current Estimated Value
$194,443

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,557
Avg. Annual Appreciation
-1.71%
Original Mortgage
$20,286
Outstanding Balance
$19,650
Interest Rate
6.33%
Mortgage Type
Construction
Estimated Equity
$174,794

Purchase Details

Closed on
Feb 2, 2016
Sold by
Medlock Helen C and Bellamy Mary Beth
Bought by
Medlock Helen C and Medlock Tasha M

Purchase Details

Closed on
Apr 12, 2010
Sold by
Medlock Helen C
Bought by
Medlock Helen C and Bellamy Mary Beth
Source: Public Records
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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
St Louis Guy $205,000 Majesty Title Services
Medlock Helen C -- Attorney
Medlock Helen C -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open St Louis Guy $20,286
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/21/2023 02/21/23 Sold $205,000 +2.5% $198 / Sq Ft
01/23/2023 01/23/23 Pending -- -- --
01/18/2023 01/18/23 For Sale $200,000 -- $193 / Sq Ft
Source: Stellar MLS

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 $3,309 $154,564 $15,000 $139,564
2024 $424 $164,990 $15,000 $149,990
2023 $424 $39,327 $0 $0
2022 $394 $38,182 $0 $0
2021 $384 $37,070 $0 $0
2020 $376 $36,558 $0 $0
2018 $355 $35,070 $0 $0
2017 $339 $34,349 $0 $0
2016 $296 $22,950 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: T3423524

Stellar MLS

APN: 27-30-02-909580-000020

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