NOT LISTED FOR SALE

641 W Jackson Ave Lake Wales, FL 33853

Estimated Value: $218,000 - $238,000

2 Beds
1 Bath
936 Sq Ft
$246/Sq Ft Est. Value

Last Sold September 15, 2017

Last sale price $50,000 $53 Per Sq Ft

Est. 360% increase in value since last sale

Current estimated payment $1,330/month

About This Home

As of September 2017

SOLD DATA ENTRY. Duplex with immediate cash flow. 2 electric meters and 2 water meters - tenants pay all utilities and lawncare. 1 bedroom unit currently rented at $300 per month, 2 bedroom unit advertised for rent at $550 per month. Total rent roll of $850 per month. Estimated 13% cap rate with professional management services in place. Financial proforma provided is estimated based upon 100% occupancy and should be verified by buyer.

Last Agent to Sell the Property

Nick Parrinello

AGILE GROUP REALTY License #3181576 Listed on: 09/15/2017

AGILE GROUP REALTY

Last Buyer's Agent

Nick Parrinello

AGILE GROUP REALTY License #3181576 Listed on: 09/15/2017

AGILE GROUP REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $553

Year Built

  • Built in 1955

Lot Details

  • 5,724 Sq Ft Lot
  • Lot Dimensions are 50x116
  • Landscaped with Trees

Home Design

  • 936 Sq Ft Home
  • Duplex
  • Shingle Roof
  • Block Exterior

Utilities

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

Listing and Financial Details

  • Legal Lot and Block 5 / 8
  • Assessor Parcel Number 27-29-34-872500-008050

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Washington Park Unit 02 Subdivision

Building Details

  • Operating Expense $2,629
  • Gross Income $10,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$553

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Construction Materials: Block
  • Living Area: 936
  • Lot Size Acres: 0.13
  • New Construction: No
  • Year Built: 1955
  • Lease Term: Twenty Four Months
  • Lot Size Sq Ft: 5724
  • Directions to Property: HWY 27 South to Washington Ave turn left at light, then right onto G street then left onto Jackson. Property is on right.
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • List Office Head Office Key Nume: 1055671
  • RATIO Current Price By Calculate: 53.42
  • Total Acreage: Up to 10,889 Sq. Ft.
  • Water Access YN: 0
  • Tax Year: 2016
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Street Number Modifier: 641
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Roof: Shingle
  • Home Warranty: No
  • Pool Private: No
  • Waterfront: No
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: None

Utilities

  • Utilities: Electricity Connected
  • Cooling: Wall/Window Unit(s)
  • Heating: Wall Units / Window Unit

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association Fee Requirement: None

Lot Info

  • Zoning: RES
  • Parcel Number: 27-29-34-872500-008050
  • Additional Parcels: No
  • Lot Features: Paved
  • Lot Dimensions: 50x116
  • Flood Zone Code: X
  • Homestead YN: 0

Rental Info

  • Total Actual Rent: 850

Multi Family

  • Gross Income: 10200
  • Number Of Units Total: 2
  • Total Num Buildings: 1
  • Unit Count: 3
  • Est Annual Market Income: 10200.00
  • Total Monthly Expenses: 219

Tax Info

  • Tax Annual Amount: 553
  • Tax Block: 8
  • Tax Book Number: 31-57
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 15, 2017
Closed on
Aug 31, 2017
Sold by
Mcg Property Investments Llc
Bought by
Dimuna Ezechi U
Seller's Agent
Nick Parrinello
AGILE GROUP REALTY
Buyer's Agent
Nick Parrinello
AGILE GROUP REALTY
List Price
$59,000
Sold Price
$50,000
Premium/Discount to List
-$9,000
-15.25%
Current Estimated Value
$230,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$180,000
Avg. Annual Appreciation
22.64%
Original Mortgage
$49,094
Interest Rate
5.12%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 8, 2014
Sold by
Wc Equity Group Llc
Bought by
Mcg Property Investments Llc
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
Dimuna Ezechi U $50,000 Enterprise Title Of Tampa Ba
Mcg Property Investments Llc $32,000 Peer Title Inc
Wc Equity Group Llc $23,000 Peer Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dimuna Ezechi U $48,000
Closed Dimuna Ezechi U $49,094
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/14/2017 12/14/17 Off Market $50,000 -- --
09/15/2017 09/15/17 Sold $50,000 -15.3% $53 / Sq Ft
09/15/2017 09/15/17 Pending -- -- --
09/15/2017 09/15/17 For Sale $59,000 -- $63 / 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 $914 $187,776 $6,200 $24,291
2023 $914 $31,638 $0 $0
2022 $425 $29,701 $0 $0
2021 $427 $28,662 $5,000 $23,662
2020 $501 $36,524 $5,000 $31,524
2018 $474 $37,426 $5,000 $32,426
2017 $742 $28,977 $0 $0
2016 $1,023 $27,260 $0 $0
2015 $553 $25,547 $0 $0
2014 $392 $17,921 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Nick Parrinello

    Seller's Agent in 2017

    Nick Parrinello

    AGILE GROUP REALTY

    (813) 469-5602

    49 Total Sales

    Nick Parrinello
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Map

Source: Stellar MLS

MLS Number: T2903749

Stellar MLS

APN: 27-29-34-872500-008050

Florida Polk County Lake Wales 33853

641 W Jackson Ave, Lake Wales, FL

This home is located at 641 W Jackson Ave, Lake Wales, FL 33853 since 15 September 2017 and is currently estimated at $230,000, approximately $245 per square foot. This property was built in 1955. 641 W Jackson Ave is a home located in Polk County with nearby schools including Spook Hill Elementary School, Bartow Elementary Academy, and Mclaughlin Middle School And Fine Arts Academy.

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.

Stellar MLS 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.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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