NOT LISTED FOR SALE

523 E Oak St Arcadia, FL 34266

Estimated Value: $166,142 - $281,000

3 Beds
2 Baths
2,187 Sq Ft
$107/Sq Ft Est. Value

Last Sold October 18, 2021

Last sale price $206,500 $94 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $1,465/month

120 Days on Market

Highlights

  • Deck
  • Corner Lot
  • Porch
  • Attic
  • No HOA
  • Cooling System Mounted To A Wall/Window

About This Home

As of October 2021

INVESTMENT OPPORTUNITY WITH A GREAT RENTAL RETURN!! The hard work here is done with all three rental units move in ready! The possibilities are endless, you could live in one unit and have 2 other rentals or just rent out all 3 units. The main house is set up as a Duplex right now with a 1 bedroom 1 bath unit (rented) with updated flooring and bathroom and a 2 bedroom 1 bath (rented) unit on the other side that has new kitchen, updated bath and beautifully finished floors. There is a massive attic area for storage or potential to be finished into a fourth rental- studio apartment style. The detached 2 car garage is currently being used for storage and has a 3rd unit above it with 1 bedroom and 1 bath refinished and being rented out as an Airbnb! The house has a metal roof, has been re-wired and has new plumbing. There is a large parking pad behind the home and several additional parking spots just off the road in front of the garage. The rentals offer shared laundry for all three units to access. Some furnishing will come with the rentals and owner financing is a possibility. Current rental rates are 1/1-$30 per night, 2/1-$45 per night, 1/1-Carriage House-$70 per night for the first 7 nights, reduced to $40 for longer stays and $100 cleaning fee. The Carriage House is one of two advertised Airbnb’s in Arcadia and is typically booked full several months in advance!

Last Agent to Sell the Property

Sarah Whidden

TOWN & COUNTRY PROPERTIES OF FL License #3397407 Listed on: 05/03/2021

Last Buyer's Agent

Rebecca White

RIDGE REAL ESTATE ENTERPRISES License #3423402

RIDGE REAL ESTATE ENTERPRISES

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,539

Year Built

  • Built in 1942

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 75x145
  • Corner Lot
  • Oversized Lot

Parking

  • 2 Car Garage
  • Parking Pad
  • Rear-Facing Garage
  • Side Facing Garage
  • Guest Parking

Home Design

  • Duplex
  • Stem Wall Foundation
  • Metal Roof
  • Asbestos

Interior Spaces

  • 2,187 Sq Ft Home
  • Window Treatments
  • French Doors
  • Crawl Space
  • Range
  • Attic

Flooring

  • Carpet
  • Linoleum
  • Laminate

Outdoor Features

  • Deck
  • Patio
  • Rain Gutters
  • Porch

Schools

  • Memorial Elementary School
  • Desoto Middle School
  • Desoto County High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Zoned Cooling
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • 3,358 Sq Ft Building
  • Town/Arcadia Subdivision

Building Details

  • Gross Income $25,241

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,539

Year Built

Built in 1942

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Construction Materials: Asbestos
  • Fireplace: Yes
  • Living Area: 2187
  • Lot Size Acres: 0.25
  • New Construction: No
  • Year Built: 1942
  • Building Area Total: 3358
  • Lot Size Sq Ft: 10846
  • Status: Sold
  • Street Direction: E
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4499649?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4499649?w=Customer
  • Unit Count: 3
  • Homestead Y N: No
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 1.03302
  • Price per Sq Ft: 94.42
  • Close to Original List Price Ratio: 1.03302
  • Ratio: Current Price\Building Area Total: 61.49
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2020
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Laminate, Linoleum
  • Interior Amenities: Window Treatments
  • Appliances Included: Range, Refrigerator
  • Foundation Details: Crawlspace, Stem Wall
  • Levels: One
  • Spa Yn: No
  • Additional Rooms: Attic
  • Number Of Buildings: 2

Exterior Features

  • Exterior Features: French Doors, Rain Gutters
  • Roof: Metal
  • Pool Private: No
  • Waterfront: No
  • Patio and Porch Features: Deck, Patio, Porch
  • Road Surface Type: Paved, Asphalt
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Flood Zone Panel: 12027C0178C
  • Disclosures: Lead Paint, Seller Property Disclosure

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Garage Faces Rear, Garage Faces Side, Guest, Parking Pad
  • Covered Parking Spaces: 2
  • Open Parking: No

Utilities

  • Utilities: Public
  • Cooling: Wall/Window Unit(s), Zoned
  • Heating: Wall Units / Window Unit
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association Fee Requirement: None
  • Association Approval Required YN: No

Schools

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

Lot Info

  • Zoning: R-3
  • Parcel Number: 25-37-24-0012-0330-0130
  • Additional Parcels: No
  • Lot Features: Corner Lot, Oversized Lot
  • Lot Dimensions: 75x145
  • Property Attached Yn: No
  • Flood Zone Code: X
  • Flood Zone Date: 2013-11-06

Rental Info

  • Furnished: Negotiable
  • Total Actual Rent: 2700
  • Minimum Lease: No Minimum
  • Lease Restrictions Y N: No

Multi Family

  • Gross Income: 25241
  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 2539
  • Tax Block: 33
  • Tax Lot: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2021
Closed on
Oct 15, 2021
Sold by
Kalon Holdings Llc
Bought by
Weik Sharon K
Seller's Agent
Sarah Whidden
TOWN & COUNTRY PROPERTIES OF FL
Buyer's Agent
Rebecca White
RIDGE REAL ESTATE ENTERPRISES
List Price
$199,900
Sold Price
$206,500
Premium/Discount to List
$6,600
3.3%
Current Estimated Value
$234,786

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,286
Avg. Annual Appreciation
3.10%

Purchase Details

Closed on
Nov 1, 2020
Sold by
Thatcher Amy
Bought by
Kalon Holdings Llc

Purchase Details

Listed on
Mar 23, 2018
Closed on
Sep 13, 2018
Sold by
Devalencia Phyllis and Devalencia Phylliss
Bought by
Thatcher Amy
Seller's Agent
Jeffrey Runyan
RE/MAX PALM REALTY
Buyer's Agent
Jeffrey Runyan
RE/MAX PALM REALTY
List Price
$139,900
Sold Price
$110,000
Premium/Discount to List
-$29,900
-21.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.99%
Original Mortgage
$55,000
Interest Rate
4.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 16, 2017
Sold by
Chadwick Linda
Bought by
Devalencia Phyllis

Purchase Details

Closed on
Feb 8, 2013
Sold by
Devalencia George Robert
Bought by
Chadwick Linda and Devalencia Phyllis

Purchase Details

Closed on
Jul 10, 2003
Sold by
Devalencia Louise and Devalencia Phyliss
Bought by
Devalencia George Robert

Purchase Details

Closed on
Jun 11, 1996
Sold by
Devalencia George Robert
Bought by
Devalencia Louise and Devalencia Phyliss
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Weik Sharon K $206,500 Arcadia Abstract & Ttl Co In
Kalon Holdings Llc -- None Available
Thatcher Amy $110,000 First International Title In
Devalencia Phyllis -- Attorney
Chadwick Linda -- Attorney
Devalencia George Robert -- --
Devalencia Phyliss -- --
Devalencia Louise -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Thatcher Amy $55,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/18/2021 10/18/21 Sold $206,500 +3.3% $94 / Sq Ft
08/29/2021 08/29/21 Pending -- -- --
08/21/2021 08/21/21 For Sale $199,900 0.0% $91 / Sq Ft
06/18/2021 06/18/21 Pending -- -- --
06/14/2021 06/14/21 For Sale $199,900 -3.2% $91 / Sq Ft
05/14/2021 05/14/21 Off Market $206,500 -- --
05/06/2021 05/06/21 Pending -- -- --
05/01/2021 05/01/21 For Sale $199,900 +81.7% $91 / Sq Ft
09/21/2018 09/21/18 Sold $110,000 -15.4% $50 / Sq Ft View Prior Sale
08/13/2018 08/13/18 Pending -- -- --
08/07/2018 08/07/18 Price Changed $129,999 -7.1% $59 / Sq Ft
07/10/2018 07/10/18 For Sale $139,900 0.0% $64 / Sq Ft
06/22/2018 06/22/18 Pending -- -- --
03/23/2018 03/23/18 For Sale $139,900 -- $64 / 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 $2,819 $153,678 -- --
2023 $2,541 $126,840 $0 $0
2022 $2,461 $122,410 $10,000 $112,410
2021 $2,549 $95,380 $7,000 $88,380
2020 $2,565 $96,126 $7,000 $89,126
2019 $2,379 $85,048 $7,000 $78,048
2018 $2,413 $85,705 $0 $85,705
2017 $1,640 $67,817 $0 $67,817
2016 $893 $55,202 $0 $55,202
2015 $900 $54,818 $0 $54,818
2014 $894 $54,383 $0 $54,383
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4499649

Stellar MLS

APN: 25-37-24-0012-0330-0130