NOT LISTED FOR SALE

659 N Kepler Rd Deland, FL 32724

Estimated Value: $297,000 - $365,000

3 Beds
2 Baths
1,866 Sq Ft
$172/Sq Ft Est. Value

Last Sold June 25, 2024

Last sale price $330,000 $177 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $2,056/month

114 Days on Market

Highlights

  • View of Trees or Woods
  • Corner Lot
  • No HOA
  • Main Floor Primary Bedroom
  • Solid Surface Countertops
  • Enclosed Patio or Porch

About This Home

As of June 2024

Instant INCOME $2919 per month rent income. Do NOT go to the property without an appointment. Long Term tenants in place. Excellent rent rates. Perfect for multi-generational living. We are looking for a cash offer with a fast closing. The owner is working on a 1031 Exchange. Extremely well maintained duplex with new roof and HVAC. There are 2 units and 2 driveways, one off N Kepler Road (has a nice circluar driveway and a parking area) and one off Florence Ave. Each unit has its own laundry room. The charming courtyard is great for hanging out and backyard BBQ. This property has a well and septic. SOLID block home helps lower electric bills for the tenant. Each tenant has their own electric meter.
These units have been updated with new windows, refinished original hardwood floors, updated kitchen with stainless appliances and a convection oven. There is even a BOMB SHELTER! New Publix (opening late 2024) is located less than 1 mile away. Additional parcel available to add 15 feet to the property line. Owner is listing Broker. **DO NOT ENTER PROPERTY WITHOUT LISTING AGENT-TENANTS ON PROPERTY. Buyer to verify all measurements. 1 bed / 1 bath pays $1169 2 bed / 1 bath pays $1750 - long term tenants (15 years) and the tenants want to stay in place. Excellent opportunity for any investor. Excellent opportunity for a 1031 exchange or multi generational living.

Last Agent to Sell the Property

Kellee Smith

PRESTIGE PROPERTIES Brokerage Phone: 386-738-0000 License #3376449 Listed on: 01/23/2024

Last Buyer's Agent

Jennifer Kuropkat

ELITE PROPERTIES GROUP OF LAKE , INC License #3398544

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,109

Year Built

  • Built in 1954

Lot Details

  • 0.38 Acre Lot
  • Lot Dimensions are 100x145
  • Landscaped
  • Corner Lot
  • Level Lot
  • Additional Parcels

Property Views

  • Woods
  • Garden

Home Design

  • Duplex
  • Block Foundation
  • Shingle Roof
  • Block Exterior

Interior Spaces

  • 1,866 Sq Ft Home
  • Ceiling Fan
  • Window Treatments
  • Family Room
  • Combination Dining and Living Room
  • Inside Utility
  • Laundry Room

Kitchen

  • Range
  • Microwave
  • Freezer
  • Solid Surface Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • 2 Bathrooms

Parking

  • 2 Parking Garage Spaces
  • Driveway

Outdoor Features

  • Courtyard
  • Enclosed Patio or Porch
  • Rain Gutters

Schools

  • Blue Lake Elementary School
  • Deland Middle School
  • Deland High School

Utilities

  • Central Heating and Cooling System
  • Thermostat
  • Well
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units
  • Kepler Acres Subdivision

Building Details

  • Operating Expense $5,700
  • Gross Income $33,960

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,109

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Condition: Completed
  • Property Sub Type: Duplex
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 1866
  • Lot Size Acres: 0.38
  • New Construction: No
  • Year Built: 1954
  • Lease Term: Twelve Months
  • Lot Size Sq Ft: 16675
  • Number Of Lots: 2
  • Tenant Pays: Electricity
  • Directions to Property: Kepler North house is on the right
  • Status: Sold
  • Street Direction: N
  • Ownership: Fee Simple
  • Available for Lease YN: 1
  • Escrow City: DeLand
  • Escrow Postal Code: 32720
  • Escrow State: FL
  • Escrow Street Name: W. Rich
  • Escrow Street Number: 109
  • List Office Head Office Key Nume: 1048749
  • RATIO Current Price By Calculate: 176.85
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number YN: 0
  • Water Access YN: 0
  • MFR_NumAssignedParkingSpaces: 2
  • MFR_DockYN: 0
  • Attribution Contact: 386-738-0000
  • Tax Year: 2023
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Interior Amenities: Ceiling Fans(s), Living Room/Dining Room Combo, Primary Bedroom Main Floor, Solid Surface Counters, Thermostat, Window Treatments
  • Appliances Included: Freezer, Microwave, Range, Refrigerator
  • Foundation Details: Block
  • Total Bedrooms: 3
  • Levels: One
  • Spa Yn: No
  • Street Number Modifier: 659
  • Has Basement: Other
  • ResoLivingAreaSource: PublicRecords
  • Additional Rooms: Family Room,Inside Utility
  • Living Area Meters: 173.36

Exterior Features

  • Exterior Features: Courtyard, Rain Gutters
  • Roof: Shingle
  • Pool Private: No
  • View: Garden, Trees/Woods
  • Waterfront: No
  • Patio and Porch Features: Covered, Enclosed, Front Porch, Patio, Rear Porch, Screened
  • Road Surface Type: Paved
  • Disclosures: Lead Paint, Seller Property Disclosure
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Driveway

Utilities

  • Utilities: Cable Connected, Electricity Connected, Street Lights
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Inside, Laundry Closet, Laundry Room
  • Sewer: Septic Tank
  • Water Source: Well
  • Individually Metered: Electric

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0
  • Development: Deland

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Schools

  • Elementary School: Blue Lake Elem
  • High School: Deland High
  • Middle Or Junior School: Deland Middle

Lot Info

  • Zoning: R-3
  • Parcel Number: 2229951
  • Additional Parcels Description: 701102000101
  • Additional Parcels: Yes
  • Lot Features: Corner Lot, In County, Landscaped, Level, Paved
  • Lot Dimensions: 100x145
  • Property Attached Yn: No
  • Flood Zone Code: x
  • Lot Size Square Meters: 1549

Green Features

  • Green Verification Count: 0

Rental Info

  • Total Actual Rent: 2838
  • Lease Restrictions YN: 0
  • Terms Of Lease: Gross Lease,Other,Renewal Option

Multi Family

  • Gross Income: 33960
  • Number Of Units Total: 2
  • Total Num Buildings: 2
  • Unit Count: 2
  • Est Annual Market Income: 36600.00
  • Total Monthly Expenses: 120

Tax Info

  • Tax Annual Amount: 4108.86
  • Tax Block: 0
  • Tax Book Number: 19-107
  • Tax Lot: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 23, 2024
Closed on
Jun 24, 2024
Sold by
Mk Properties Of Volusia Llc
Bought by
Schmick Michael A
Seller's Agent
Kellee Smith
PRESTIGE PROPERTIES
Buyer's Agent
Jennifer Kuropkat
ELITE PROPERTIES GROUP OF LAKE , INC
List Price
$449,900
Sold Price
$330,000
Premium/Discount to List
-$119,900
-26.65%
Views
63
Current Estimated Value
$321,528

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$8,472
Avg. Annual Appreciation
-2.24%
Original Mortgage
$247,500
Outstanding Balance
$245,638
Interest Rate
7.02%
Mortgage Type
New Conventional
Estimated Equity
$75,379

Purchase Details

Closed on
Oct 28, 2020
Sold by
Smith Michael Wayne
Bought by
Mk Properties Of Volusia Llc

Purchase Details

Closed on
Aug 31, 2017
Sold by
Smith Gerard F and Smith Patricia R
Bought by
Smith Gerard F and Smith Patricia R

Purchase Details

Closed on
Dec 15, 1987
Bought by
Smith Gerard F and Smith Patricia R

Purchase Details

Closed on
Oct 15, 1983
Bought by
Smith Gerard F and Smith Patricia R
Source: Public Records

Range of Values:

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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
Schmick Michael A $330,000 Reliant Title
Mk Properties Of Volusia Llc -- Attorney
Smith Gerard F -- Attorney
Smith Gerard F $54,900 --
Smith Gerard F $45,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schmick Michael A $247,500
Previous Owner Mk Properties Of Volusia Llc $222,950
Previous Owner Mk Properties Of Volusia Llc $167,002
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2024 06/25/24 Sold $330,000 -10.8% $177 / Sq Ft
05/17/2024 05/17/24 Pending -- -- --
05/14/2024 05/14/24 Price Changed $370,000 -5.1% $198 / Sq Ft
04/22/2024 04/22/24 Price Changed $390,000 -2.5% $209 / Sq Ft
04/12/2024 04/12/24 Price Changed $400,000 -7.0% $214 / Sq Ft
04/01/2024 04/01/24 Price Changed $429,900 -2.3% $230 / Sq Ft
03/29/2024 03/29/24 Price Changed $439,900 -2.2% $236 / Sq Ft
01/23/2024 01/23/24 For Sale $449,900 0.0% $241 / Sq Ft
03/07/2022 03/07/22 Rented $1,750 0.0% --
02/24/2022 02/24/22 For Rent $1,750 +38.9% --
07/24/2020 07/24/20 Rented $1,260 0.0% --
07/12/2020 07/12/20 For Rent $1,260 +26.0% --
03/15/2019 03/15/19 Rented $1,000 0.0% --
02/25/2019 02/25/19 For Rent $1,000 -- --
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 $4,109 $280,252 $40,442 $239,810
2024 $4,109 $313,481 $40,442 $273,039
2023 $4,109 $224,482 $40,442 $184,040
2022 $3,842 $207,279 $37,781 $169,498
2021 $3,533 $145,381 $20,753 $124,628
2020 $3,394 $138,582 $19,689 $118,893
2019 $3,454 $134,719 $17,560 $117,159
2018 $3,232 $121,880 $11,707 $110,173
2017 $3,019 $108,792 $11,667 $97,125
2016 $2,730 $99,667 $0 $0
2015 $2,676 $94,574 $0 $0
2014 $2,513 $90,828 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: V4934080

Stellar MLS

APN: 7011-02-00-0110