NOT LISTED FOR SALE

628 E Magnolia St Arcadia, FL 34266

Estimated Value: $204,000 - $269,000

2 Beds
1 Bath
1,140 Sq Ft
$201/Sq Ft Est. Value

Last Sold October 09, 2020

Last sale price $130,000 $114 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $1,641/month

179 Days on Market

Highlights

  • Additional Residence on Property
  • Corner Lot
  • No HOA
  • Wood Flooring
  • High Ceiling
  • Family Room Off Kitchen

About This Home

As of October 2020

2 Houses and one Price!!!! This is a great opportunity to own your own home while making your mortgage payment with rent proceeds from the second house. Each house has 2 bedrooms and 1 bath. This property is conveniently located to restaurants, banking, grocery and many other points of interest. The main home has wood floors, high ceilings, central heat and air and some built-ins. The utility hook ups are in the detached garage and shared by both houses. The smaller home has had the same tenant for many years. This is a good deal so don't delay, call today for appointment.

Last Agent to Sell the Property

Kaye Mercer

TURNER REALTY, INC. License #623536 Listed on: 03/10/2020

Last Buyer's Agent

Oralia Ramirez

RMZ REALTY INC. License #3174844

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,960

Year Built

  • Built in 1946

Lot Details

  • 0.33 Acre Lot
  • North Facing Home
  • Corner Lot
  • Land Lease expires 1/31/21
  • Property is zoned R-1C

Parking

  • 2 Car Garage

Home Design

  • Wood Frame Construction
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 1,140 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • High Ceiling
  • Family Room Off Kitchen
  • Wood Flooring
  • Crawl Space

Kitchen

  • Range
  • Solid Wood Cabinet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

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

Additional Features

  • Rain Gutters
  • Additional Residence on Property
  • City Lot

Community Details

  • No Home Owners Association
  • A W Gilchrist Resub Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,960

Year Built

Built in 1946

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Wood Frame, Wood Siding
  • Fireplace: No
  • Living Area: 1140
  • Lot Size Acres: 0.33
  • New Construction: No
  • Year Built: 1946
  • Lot Size Sq Ft: 14375
  • Status: Sold
  • Street Direction: E
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/C7426948?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/C7426948?w=Customer
  • Homestead Y N: No
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.7836
  • Price per Sq Ft: 114.04
  • Close to Original List Price Ratio: 0.70308
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2019
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Hardwood
  • Full Bathrooms: 1
  • Interior Amenities: Built in Features, High Ceiling(s), Kitchen/Family Room Combo, Master Bedroom Main Floor, Solid Wood Cabinets
  • Appliances Included: Range, Refrigerator
  • Foundation Details: Crawlspace
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 1
  • Room Count: 6
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: North
  • Other Structures: Additional Single Family Home
  • Exterior Features: Rain Gutters, Sidewalk
  • Roof: Metal
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Paved
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Disclosures: Lead Paint, Seller Property Disclosure

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Covered Parking Spaces: 2
  • Open Parking: No

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Electricity Connected, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association Approval Required YN: No

Lot Info

  • Zoning: R-1C
  • Parcel Number: 25-37-24-0012-0540-0010
  • Additional Parcels: No
  • Lot Features: Corner Lot, City Lot, Sidewalk
  • Flood Zone Code: X
  • Zoning Compatible Y N: Yes
  • Land Lease Expiration Date: 2021-01-31
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Minimum Lease: No Minimum
  • Lease Restrictions Y N: No
  • Currency Monthly Rent Amt: 800

Tax Info

  • Tax Annual Amount: 2959.91
  • Tax Block: 54
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2020
Closed on
Oct 9, 2020
Sold by
Meador Olivia S and Shelfer Olivia S
Bought by
Detorres Bertha Ochoa and Torres Ann Bertha
Seller's Agent
Kaye Mercer
TURNER REALTY, INC.
Buyer's Agent
Oralia Ramirez
RMZ REALTY INC.
List Price
$174,900
Sold Price
$130,000
Premium/Discount to List
-$44,900
-25.67%
Current Estimated Value
$250,137

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,137
Avg. Annual Appreciation
11.38%
Original Mortgage
$100,000
Outstanding Balance
$88,945
Interest Rate
2.9%
Mortgage Type
Balloon
Estimated Equity
$140,208

Purchase Details

Closed on
Jun 27, 2016
Sold by
Shelfer D Kevin and Shelfer Lynn E
Bought by
Shelfer Olivia S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Detorres Bertha Ochoa $130,000 Arcadia Abstract & Ttl Co In
Meador Olivia S -- Arcadia Abstract & Ttl Co In
Shelfer Olivia S $100,000 None Available
Shelfer D Kevin $100,000 Arcadia Abstract & Title Com
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Detorres Bertha Ochoa $100,000
Previous Owner Shelfer D Kevin $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/09/2020 10/09/20 Sold $130,000 -21.6% $114 / Sq Ft
09/04/2020 09/04/20 Pending -- -- --
07/17/2020 07/17/20 Price Changed $165,900 -5.1% $146 / Sq Ft
06/22/2020 06/22/20 For Sale $174,900 0.0% $153 / Sq Ft
06/09/2020 06/09/20 Pending -- -- --
04/10/2020 04/10/20 Price Changed $174,900 -5.4% $153 / Sq Ft
03/09/2020 03/09/20 For Sale $184,900 -- $162 / 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 $3,992 $196,799 $8,000 $188,799
2023 $3,758 $190,378 $8,000 $182,378
2022 $3,504 $141,766 $0 $0
2021 $3,201 $129,236 $8,000 $121,236
2020 $2,979 $117,215 $8,000 $109,215
2019 $2,960 $114,788 $8,000 $106,788
2018 $1,717 $91,479 $0 $91,479
2017 $1,382 $83,279 $0 $83,279
2016 $2,012 $72,156 $0 $72,156
2015 $1,876 $65,735 $0 $65,735
2014 $1,838 $64,523 $0 $64,523
Source: Public Records

Agents Affiliated with this Home

  • Kaye Mercer

    Seller's Agent in 2020

    Kaye Mercer

    TURNER REALTY, INC.

    (863) 990-7001

    61 in this area

    80 Total Sales

    Kaye Mercer
    Section Image
  • Oralia Ramirez

    Buyer's Agent in 2020

    Oralia Ramirez

    RMZ REALTY INC.

    (863) 990-6093

    83 in this area

    95 Total Sales

    Oralia Ramirez
    Section Image
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Map

Source: Stellar MLS

MLS Number: C7426948

Stellar MLS

APN: 25-37-24-0012-0540-0010

Florida DeSoto County Arcadia 34266

628 E Magnolia St, Arcadia, FL

Not Listed for Sale

Detached

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