NOT LISTED FOR SALE

509 Magnolia Dr Lake Wales, FL 33898

Estimated Value: $30,000 - $61,000

0.5 Acre
$91,000 Price per Acre
21,780 Sq Ft Lot

Last Sold November 18, 2020

Last sale price $4,000

Est. 1,038% increase in value since last sale

Current estimated payment $259/month

26 Days on Market

Highlights

  • Boat Ramp
  • Access To Lake
  • Fishing
  • Golf Course Community
  • Fitness Center
  • Gated Community

About This Lot

As of November 2020

0.50 acre of land for sale. Can be purchased individually, coupled with other lots or purchased with 12 other lots for sale by owner. It won't take much to clear the land. Power, well and septic needed. Low taxes and annual HOA. Community features lake access to Lake Walk In Water, dock, boat ramp, picnic pavilion, clubhouse with a ballroom and meeting spaces and bar/grill, fitness center, golf course with membership and a lakefront pavilion with a 1000 foot long fishing pier.. Country living. Indian Lake Estates is a nature lover's paradise on Lake Walk-In-Water (7528 ACRES), one of the top freshwater fishing lakes in the state! (NATIONALLY KNOWN FOR TROPHY SIZED LARGEMOUTH BASS) Close proximity to famous Westgate River Ranch which hosts rodeos on the weekends, as well as Lake Kissimmee State Park.

Last Agent to Sell the Property

Ryan Odenweller

RE/MAX HERITAGE PROFESSIONALS License #3282977 Listed on: 09/30/2020

RE/MAX HERITAGE PROFESSIONALS

Last Buyer's Agent

LaQuita Scott

FLORIDA REALTY License #3368594

FLORIDA REALTY

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $68

Lot Details

  • 0.5 Acre Lot
  • Lot Dimensions are 120x218
  • The property's road front is unimproved
  • Property fronts a private road
  • Property is zoned PUD

HOA Fees

  • $11 Monthly HOA Fees

Schools

  • Frostproof Elementary School

Utilities

  • Well Required
  • Septic Needed

Listing and Financial Details

  • Legal Lot and Block 20 / 182
  • Assessor Parcel Number 30-31-07-994050-018220

Community Details

Overview

  • Association fees include private road
  • Althea Torkildson Association
  • Indian Lake Estates Subdivision
  • The community has rules related to allowable golf cart usage in the community

Recreation

  • Boat Ramp
  • Golf Course Community
  • Tennis Courts
  • Fitness Center
  • Fishing
  • Access To Lake
  • Fishing Pier
  • Water Skiing Allowed
  • Boat Ramp

Security

  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$68

Lot Details

0

HOA Fees

$11 per month

Listing Details

  • HOA Fee Includes: Private Road
  • Property Type: Land
  • Lot Size Acres: 0.5
  • Lot Size Sq Ft: 21797
  • Directions to Property: FL-60 E from Lake Wales, turn right on Deland Ave, Turn Right onto Park Ave, Left on Mineola Dr, Right on Magnolia Dr, 5th lot on the left.
  • Status: Sold
  • Total Acreage: 1/2 to less than 1
  • Ratio: Close Price\List Price: 0.88889
  • Price per Sq Ft: 0.18
  • Close to Original List Price Ratio: 0.88889
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2019
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Living Area Units: Square Feet
  • Street Number Modifier: 509

Exterior Features

  • Road Frontage Type: Private Road
  • Water Body Name: Lake Walk In Water
  • Waterfront: No
  • Road Surface Type: Unimproved, Asphalt
  • Water Access: Lake
  • Water Extras: Boat Ramp - Private, Fishing Pier, Skiing Allowed
  • Water View Y N: No
  • Front Footage: 120
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Flood Zone Panel: 12105C0800G
  • Disclosures: HOA/PUD/Condo Disclosure, Seller Property Disclosure

Garage/Parking

  • Open Parking: No

Utilities

  • Utilities: Electrical Nearby
  • Sewer: Septic Needed
  • Water Source: Well Required
  • Cooling Y N: No
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Community Boat Ramp, Fishing, Fitness, Gated Community, Golf Carts OK, Golf, Tennis Courts, Water Access
  • Association Amenities: Gated, Golf Course, Tennis Court(s)
  • Association Fee: 130
  • Association Fee Frequency: Annually
  • Association Name: Althea Torkildson
  • Association: Yes
  • Security: Gated Community
  • Association Email: altheaILE@verizon.net
  • Association Fee Requirement: Required

Fee Information

  • Total Annual Fees: 130
  • Monthly HOA Fee: 10.83
  • Total Monthly Fees: 10.83

Schools

  • Elementary School: Frostproof Elem

Lot Info

  • Zoning: PUD
  • Parcel Number: 30-31-07-994050-018220
  • Additional Parcels: No
  • Lot Features: In County
  • Lot Dimensions: 120X218
  • Price Per Acre: 8000
  • Flood Zone Code: X
  • Flood Zone Date: 2012-09-28

Rental Info

  • Pets Allowed: Yes
  • For Lease Y N: No

Tax Info

  • Tax Annual Amount: 27
  • Tax Block: 182
  • Tax Book Number: 39-31
  • Tax Lot: 20

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2020
Closed on
Nov 13, 2020
Sold by
Dewar Avia
Bought by
Jackson Michele Solomon
Seller's Agent
Ryan Odenweller
RE/MAX HERITAGE PROFESSIONALS
Buyer's Agent
LaQuita Scott
FLORIDA REALTY
List Price
$4,500
Sold Price
$4,000
Premium/Discount to List
-$500
-11.11%
Current Estimated Value
$45,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,500
Avg. Annual Appreciation
72.25%

Purchase Details

Listed on
Sep 30, 2020
Closed on
Nov 12, 2020
Sold by
Deiphos International Business Llc
Bought by
Dewar Avia
Seller's Agent
Ryan Odenweller
RE/MAX HERITAGE PROFESSIONALS
Buyer's Agent
LaQuita Scott
FLORIDA REALTY
List Price
$4,500
Sold Price
$4,000
Premium/Discount to List
-$500
-11.11%

Purchase Details

Closed on
Jun 11, 2018
Sold by
Vogel Leonard W and Vogel Patricia A
Bought by
Palm Beach Property & Business Solutions
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
Jackson Michele Solomon -- None Listed On Document
Dewar Avia $8,000 Smart Title Ii Llc
Palm Beach Property & Business Solutions $3,000 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/18/2020 11/18/20 Sold $4,000 -11.1% --
10/26/2020 10/26/20 Pending -- -- --
09/30/2020 09/30/20 For Sale $4,500 -- --
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 $68 $2,563 -- --
2024 $64 $2,330 -- --
2023 $64 $2,118 $0 $0
2022 $44 $1,925 $0 $0
2021 $27 $1,750 $1,750 $0
2020 $27 $1,750 $1,750 $0
2019 $27 $1,750 $1,750 $0
2018 $26 $1,750 $1,750 $0
2017 $41 $2,800 $0 $0
2016 $41 $2,795 $0 $0
2015 $40 $2,541 $0 $0
2014 $37 $2,310 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ryan Odenweller

    Seller's Agent in 2020

    Ryan Odenweller

    RE/MAX

    (863) 271-7882

    62 Total Sales

    Ryan Odenweller
    Section Image

  • L

    Buyer's Agent in 2020

    LaQuita Scott

    FLORIDA REALTY

    (813) 681-1133

    8 Total Sales

    LaQuita Scott
    Section Image
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Map

Source: Stellar MLS

MLS Number: P4912759

Stellar MLS

APN: 30-31-07-994050-018220

Florida Polk County Lake Wales 33898

509 Magnolia Dr, Lake Wales, FL

This home is located at 509 Magnolia Dr, Lake Wales, FL 33898 since 30 September 2020 and is currently estimated at $45,500. 509 Magnolia Dr is a home located in Polk County with nearby schools including Ben Hill Griffin Jr. Elementary School, Bartow Elementary Academy, and Frostproof Middle/Senior High School.

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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