NOT LISTED FOR SALE

5500 Us Highway 27 S Sebring, FL 33870

Estimated Value: $1,759,577

2.66 Acres
$661,495 Price per Acre
115,870 Sq Ft Lot

Last Sold January 17, 2020

Last sale price $300,000

Est. 487% increase in value since last sale

Current estimated payment $9,570/month

About This Lot

As of January 2020

380+-Feet Commercial Hwy Frontage on US 27 south and adjacent to the Race Way Car Wash! 2.66+-acres high and dry with good elevation/ exposure ready for your new business. Ideal for mini-storage facility, ALF, Quick Lube,etc. Median Turn with access by Car Wash site. Close to the new General Dollar Store.

Last Agent to Sell the Property

Gregory Karlson

ADVANTAGE REALTY #1 License #3229372 Listed on: 08/27/2019

Last Buyer's Agent

Gregory Karlson

ADVANTAGE REALTY #1 License #3229372 Listed on: 08/27/2019

Property Details

Property Type

  • Land

Lot Details

  • 2.66 Acre Lot
  • Property fronts a highway
  • Zoning described as B3

Listing and Financial Details

  • Assessor Parcel Number C-09-35-29-060-0000-0010

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 2.66
  • Road Frontage Type: Highway
  • Road Surface Type: Paved
  • Directions: US 27 & Hammock Rd south to site on left past Auto Ranch Car Dealer
  • Special Features: None
  • Property Sub Type: LotsLands

Utilities

  • Sewer: None
  • Utilities: Electricity Available
  • Water Source: None

Lot Info

  • Current Use: Vacant
  • Lot Size Sq Ft: 115869.0
  • Additional Parcels Description: ,,
  • Parcel #: C-09-35-29-060-0000-0010
  • Zoning Description: B3
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 7855.0
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2019
Closed on
Jan 17, 2020
Sold by
Race Way Properties Llc
Bought by
Worldwide Directory Services Inc
Seller's Agent
Gregory Karlson
ADVANTAGE REALTY #1
Buyer's Agent
Gregory Karlson
ADVANTAGE REALTY #1
List Price
$350,000
Sold Price
$300,000
Premium/Discount to List
-$50,000
-14.29%
Current Estimated Value
$1,759,577

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,459,577
Avg. Annual Appreciation
35.81%
Original Mortgage
$301,930
Outstanding Balance
$266,767
Interest Rate
3.6%
Mortgage Type
Commercial
Estimated Equity
$1,492,810

Purchase Details

Closed on
Sep 23, 2016
Sold by
Ridge 27 Llc
Bought by
Race Way Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$685,000
Interest Rate
3.43%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 3, 2010
Sold by
Pinel Toby and Pinel Michelle
Bought by
Ridge 27 Llc

Purchase Details

Closed on
Mar 3, 2004
Sold by
State Farm Mutual Automobile Ins Co
Bought by
Pinel Toby and Pinel Michelle
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
Worldwide Directory Services Inc $300,000 Attorney
Race Way Properties Llc $750,000 None Available
Ridge 27 Llc -- None Available
Pinel Toby $365,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Worldwide Directory Services Inc $301,930
Previous Owner Race Way Properties Llc $685,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/17/2020 01/17/20 Sold $300,000 -14.3% --
10/07/2019 10/07/19 Pending -- -- --
08/27/2019 08/27/19 For Sale $350,000 -- --
Source: Heartland Association of REALTORS®

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 $3,763 $293,000 $293,000 --
2023 $3,763 $265,897 $0 $0
2021 $3,252 $219,750 $219,750 $0
2020 $3,298 $219,750 $0 $0
2019 $7,771 $509,377 $0 $0
2018 $7,855 $508,325 $0 $0
2017 $8,031 $511,606 $0 $0
2016 $8,193 $507,861 $0 $0
2015 $8,421 $514,230 $0 $0
2014 $8,362 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2020

    Gregory Karlson

    ADVANTAGE REALTY #1

    (863) 386-1112

    55 in this area

    220 Total Sales

    Gregory Karlson
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Map

Source: Heartland Association of REALTORS®

MLS Number: 268372

Heartland Association of REALTORS®

APN: C-09-35-29-060-0000-0010

Florida Highlands County Sebring 33870

5500 Us Highway 27 S, Sebring, FL

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.

Heartland Association of REALTORS® 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.

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