NOT LISTED FOR SALE

601 S 10th St Lake Wales, FL 33853

Estimated Value: $304,000 - $372,000

5 Beds
3 Baths
3,446 Sq Ft
$98/Sq Ft Est. Value

Last Sold February 08, 2023

Last sale price $325,000 $94 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $2,074/month

216 Days on Market

Highlights

  • Bonus Room
  • Sun or Florida Room
  • Enclosed Patio or Porch
  • Bartow Senior High School Rated A-
  • No HOA
  • 1 Car Attached Garage

About This Home

As of February 2023

Great income property - the 2 bedroom is rented foe $1050. 2br has updated kitchen and bathroom. There is attached garage to the 2br along with utility room/storage -washer/dryer is included along with appliances. All wood laminate floors. The larger unit facing 10th Street has 3 bedrooms and 2 full baths, all new laminate flooring throughout, fresh paint, has large family room on the back side of unit. Property includes a swim spa that is in the separate garage -there is a large storage/workshop back of the garage. Fenced yard - storage shed. Large corner lot -Owner pays water & sewer & trash. Great retirement opportunity, live in one side and rent the other, plenty of space for a larger family.

Last Agent to Sell the Property

Sandra Music

MUSIC REALTY License #197440 Listed on: 06/07/2022

Co-Listed By

Stephanie Lucas

MUSIC REALTY License #3412683

Last Buyer's Agent

Sylvia Soto, PA

THE RENTAL & SALES GALLERY LLC License #560031

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,302

Year Built

  • Built in 1973

Lot Details

  • 0.41 Acre Lot
  • Lot Dimensions are 102.9'x175'
  • Fenced
  • Irrigation

Parking

  • 1 Car Attached Garage

Home Design

  • Duplex
  • Slab Foundation
  • Shingle Roof
  • Metal Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 3,446 Sq Ft Home
  • Built-In Features
  • Ceiling Fan
  • Blinds
  • Sliding Doors
  • Combination Dining and Living Room
  • Bonus Room
  • Sun or Florida Room
  • Inside Utility
  • Laminate Flooring
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Range with Range Hood
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Enclosed Patio or Porch

Schools

  • Hillcrest Elementary School
  • Lake Wales Senior High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Down Payment Assistance Available
  • Visit Down Payment Resource Website
  • Tenant pays for electricity
  • Legal Lot and Block 11,12 / blk 1
  • Assessor Parcel Number 27-30-12-923500-001110

Community Details

Overview

  • No Home Owners Association
  • 4,699 Sq Ft Building
  • Lake Wales Terrace Subdivision

Pet Policy

  • No Pets Allowed

Building Details

  • Gross Income $37,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,302

Year Built

Built in 1973

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 3446
  • Lot Size Acres: 0.41
  • New Construction: No
  • Year Built: 1973
  • Building Area Total: 4699
  • Lease Term: 12 Months
  • Lot Size Sq Ft: 7820
  • Tenant Pays: Electricity
  • Directions to Property: Hwy 60 E to 10th Street S building is corner of Cohassett & 10th
  • Status: Sold
  • Street Direction: S
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/P4921268?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/P4921268?w=Customer
  • Unit Count: 2
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number Y N: No
  • Subdivision Num: 923500
  • Ratio: Close Price\List Price: 0.86667
  • Price per Sq Ft: 94.31
  • Close to Original List Price Ratio: 0.86667
  • Ratio: Current Price\Building Area Total: 69.16
  • View: No
  • Co List Office Mls Id: 10287
  • Co List Office Phone: 863-676-2788
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: Owner
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Laminate
  • Interior Amenities: Built in Features, Ceiling Fans(s), Eating Space In Kitchen, Living Room/Dining Room Combo, Split Bedroom, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Range, Range Hood, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 5
  • Levels: One
  • Window Features: Blinds
  • Street Number Modifier: 601
  • Additional Rooms: Bonus Room, Florida Room, Inside Utility
  • Number Of Buildings: 1
  • ResoLivingAreaSource: Estimated

Exterior Features

  • Exterior Features: Fenced, Irrigation System, Sidewalk, Sliding Doors
  • Roof: Metal, Shingle
  • Pool Private: No
  • Waterfront: No
  • Patio and Porch Features: Enclosed
  • Road Surface Type: Asphalt
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Covered Parking Spaces: 1
  • Open Parking: No

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Electricity Available, Fire Hydrant, Sewer Connected, Sprinkler Meter, Street Lights
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Inside, Laundry Closet, Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Security: Smoke Detector(s)
  • Senior Community: No
  • Association Approval Required YN: No

Schools

  • Elementary School: Hillcrest Elem
  • High School: Lake Wales Senior High

Lot Info

  • Zoning: 0853
  • Parcel Number: 27-30-12-923500-001110
  • Additional Parcels: No
  • Lot Dimensions: 102.9'x175'
  • Flood Zone Code: x
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: No
  • Total Actual Rent: 3100
  • Additional Lease Restrictions: No smoking inside units

Multi Family

  • Gross Income: 37200
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2302
  • Tax Block: blk 1
  • Tax Book Number: pb8/pg25
  • Tax Lot: 11,12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2022
Closed on
Feb 8, 2023
Sold by
Daniels Gerald L and Daniels Cora A
Bought by
Sylvia Soto Revocable Trust
Seller's Agent
Sandra Music
MUSIC REALTY
Buyer's Agent
Sylvia Soto, PA
THE RENTAL & SALES GALLERY LLC
List Price
$375,000
Sold Price
$325,000
Premium/Discount to List
-$50,000
-13.33%
Views
55
Current Estimated Value
$336,635

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,635
Avg. Annual Appreciation
1.31%
Original Mortgage
$260,000
Outstanding Balance
$251,482
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$85,153

Purchase Details

Closed on
Mar 30, 2006
Sold by
Kinnear Charles H
Bought by
Daniels Gerald L and Daniels Cora A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,150
Interest Rate
6.25%
Mortgage Type
Commercial
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
Sylvia Soto Revocable Trust $325,000 Real Estate Title
Daniels Gerald L $218,000 Attorneys Title Svcs Courier
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sylvia Soto Revocable Trust $260,000
Previous Owner Daniels Gerald L $225,150
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/08/2023 02/08/23 Sold $325,000 -13.3% $94 / Sq Ft
01/10/2023 01/10/23 Pending -- -- --
01/06/2023 01/06/23 For Sale $375,000 0.0% $109 / Sq Ft
01/02/2023 01/02/23 Pending -- -- --
06/07/2022 06/07/22 For Sale $375,000 -- $109 / 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
2025 $3,697 $201,960 $18,500 $94,061
2024 $2,528 $228,480 $18,500 $94,831
2023 $2,528 $122,769 $18,000 $104,769
2022 $2,288 $114,028 $15,000 $99,028
2021 $2,301 $109,216 $15,000 $94,216
2020 $2,864 $136,705 $10,000 $126,705
2018 $2,977 $136,543 $10,000 $126,543
2017 $2,777 $127,095 $0 $0
2016 $2,598 $115,541 $0 $0
2015 $2,282 $105,433 $0 $0
2014 $2,204 $100,660 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: P4921268

Stellar MLS

APN: 27-30-12-923500-001110