NOT LISTED FOR SALE

523 E Magnolia St Arcadia, FL 34266

Estimated Value: $272,373 - $300,000

2 Beds
2 Baths
3,007 Sq Ft
$94/Sq Ft Est. Value

Last Sold February 03, 2022

Last sale price $235,000 $78 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $1,827/month

134 Days on Market

Highlights

  • The property is located in a historic district
  • Fruit Trees
  • Wood Flooring
  • City View
  • Living Room with Fireplace
  • Corner Lot

About This Home

As of February 2022

Absolutely lovely two (possibly three) bedroom, two bathroom home with separate concrete block building that would make an amazing guest home or business space! You will just adore all that this property has to offer! The home boasts original wood flooring, soaring ceilings, an immense amount of storage, spacious bedrooms, updated bathrooms, a huge great room that is now being used as the master suite, a gorgeous living room with large windows and a gas fireplace, a separate sunroom that could be a great game room or home office space, and a wonderful kitchen with huge walk in pantry! The yard is full of fruit trees and there is plenty of space to enjoy cool Florida evenings on the front porch! An added bonus is the unfinished attic space that could definitely be a bonus room and a separate building at the back of the property. The building has two rooms that could be bedrooms or offices, a half bathroom and a full workshop area! Build your business, enjoy as a guest house, use it for rental purposes or just use as extra storage! This property has so much to offer. Take a private tour today!

Last Agent to Sell the Property

Brandi Long

THE WILLIAMSON GROUP REALTY, I License #3347368 Listed on: 08/23/2021

Co-Listed By

Michelle Williamson

THE WILLIAMSON GROUP REALTY, I License #680853

Last Buyer's Agent

Jason Ralston, PLLC

TREND REALTY License #3411038

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,514

Year Built

  • Built in 1938

Lot Details

  • 0.6 Acre Lot
  • Southwest Facing Home
  • Corner Lot
  • Fruit Trees
  • Historic Home
  • Property is zoned R-3

Parking

  • 2 Carport Spaces

Home Design

  • Wood Frame Construction
  • Metal Roof

Interior Spaces

  • 3,007 Sq Ft Home
  • Ceiling Fan
  • Living Room with Fireplace
  • Wood Flooring
  • City Views
  • Crawl Space
  • Laundry in unit

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Exterior Lighting
  • Outdoor Storage
  • Front Porch

Location

  • The property is located in a historic district
  • City Lot

Schools

  • Desoto Middle School
  • Desoto County High School

Utilities

  • Central Heating and Cooling System

Community Details

  • City/Arcadia Subdivision

Listing and Financial Details

  • Legal Lot and Block see LD / 37
  • Assessor Parcel Number 25-37-24-0012-0370-0080

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,514

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Historical
  • Construction Materials: Wood Frame
  • Fireplace: Yes
  • Living Area: 3007.00
  • Homestead: Yes
  • Lot Size Acres: 0.60
  • Year Built: 1938
  • Building Area Total: 4014.00
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/C7447831?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/C7447831?w=Customer
  • Lot Size Sq Ft: 26223
  • Building Search Sq Meters: 372.91
  • Down Payment Resource Assistance: https://www.workforce-resource.com/dpr/listing/MFRMLS/C7447831?w=PubMLS
  • Directions to Property: From Arcadia, take Highway 70 E, turn left on Pasco, turn left into driveway. See sign.
  • Escrow City: Arcadia
  • Escrow Postal Code: 34266
  • Escrow State: FL
  • Escrow Street Name: West Oak Street
  • Escrow Street Number: 20
  • List Office Head Office Key Nume: 1037582
  • Status: Sold
  • Street Direction: E
  • Tax Year: 2020
  • Special Features: None

Interior Features

  • Room Count: 4
  • Fireplace Features: Living Room
  • Living Area Units: Square Feet
  • Flooring: Wood
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s)
  • Appliances Included: Dishwasher, Range, Refrigerator
  • Foundation Details: Crawlspace
  • Total Bedrooms: 2
  • Levels: One
  • Living Area Meters: 279.36
  • Street Number Modifier: 523

Exterior Features

  • Direction Faces: Southwest
  • Exterior Features: Lighting, Sidewalk, Storage
  • Roof: Metal
  • Flood Zone Code: X
  • Flood Zone Date: 11/06/2013
  • Flood Zone Panel: 12027C0178C
  • View: City
  • Patio and Porch Features: Front Porch
  • Road Surface Type: Paved

Garage/Parking

  • Carport Spaces: 2
  • Carport Y N: Yes

Utilities

  • Utilities: Electricity Connected
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Middle School: DeSoto Middle School
  • High School: DeSoto County High School
  • High School: DeSoto County High School
  • Middle Or Junior School: DeSoto Middle School

Lot Info

  • Total Acreage: 1/2 to less than 1
  • Zoning: R-3
  • Parcel Number: 25-37-24-0012-0370-0080
  • Lot Features: Corner Lot, Historic District, In City Limits
  • Lot Size Square Meters: 2436

Rental Info

  • Minimum Lease: No Minimum

Tax Info

  • Tax Annual Amount: 2514.00
  • Tax Block: 37
  • Tax Lot: see LD

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 21, 2019
Sold by
Jennings Robbyn
Bought by
Hines Frederick and Hines Carolyn Sue
Current Estimated Value
$283,343

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,600
Outstanding Balance
$113,709
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$169,634

Purchase Details

Closed on
Sep 16, 2015
Sold by
Mundell Gary J and Mundell Michael A
Bought by
Jennings Robbyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,516
Interest Rate
4.37%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 8, 2015
Sold by
Mundell Gary J
Bought by
Mundell Gary J and Mundell Michael A
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
Hines Frederick $162,000 Arcadia Abstract & Title Co
Jennings Robbyn $118,500 Arcadia Abstract & Title Com
Mundell Gary J -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hines Frederick $129,600
Previous Owner Jennings Robbyn $108,516
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/03/2022 02/03/22 Sold $235,000 +6.8% $78 / Sq Ft
01/04/2022 01/04/22 Pending -- -- --
12/29/2021 12/29/21 Price Changed $220,000 -10.2% $73 / Sq Ft
12/13/2021 12/13/21 For Sale $245,000 0.0% $81 / Sq Ft
12/07/2021 12/07/21 Pending -- -- --
11/24/2021 11/24/21 For Sale $245,000 0.0% $81 / Sq Ft
11/01/2021 11/01/21 Pending -- -- --
10/25/2021 10/25/21 Price Changed $245,000 -8.9% $81 / Sq Ft
10/23/2021 10/23/21 For Sale $269,000 0.0% $89 / Sq Ft
10/15/2021 10/15/21 Pending -- -- --
10/14/2021 10/14/21 Price Changed $269,000 -2.2% $89 / Sq Ft
10/04/2021 10/04/21 Price Changed $275,000 -1.4% $91 / Sq Ft
09/23/2021 09/23/21 For Sale $279,000 0.0% $93 / Sq Ft
09/13/2021 09/13/21 Pending -- -- --
08/23/2021 08/23/21 For Sale $279,000 -- $93 / 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
2024 $3,946 $215,150 $12,000 $203,150
2023 $4,782 $208,333 $12,000 $196,333
2022 $4,574 $197,157 $12,000 $185,157
2021 $2,515 $140,911 $0 $0
2020 $2,514 $138,965 $12,000 $126,965
2019 $1,654 $101,251 $0 $0
2018 $1,618 $99,781 $0 $99,781
2017 $1,259 $95,291 $0 $95,291
2016 $1,545 $93,731 $0 $93,731
2015 $2,186 $76,376 $0 $76,376
2014 $2,151 $75,350 $0 $75,350
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: C7447831

Stellar MLS

APN: 25-37-24-0012-0370-0080