NOT LISTED FOR SALE

701 Lake Mabel Loop Rd Lake Wales, FL 33898

Estimated Value: $578,000 - $1,018,137

40 Acres
$19,952 Price per Acre
1,742,400 Sq Ft Lot

Last Sold May 28, 2019

Last sale price $625,000 $231 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $4,207/month

215 Days on Market

Highlights

  • 2,000 Feet of Waterfront
  • Lake View
  • No HOA
  • Oak Trees
  • 40 Acre Lot
  • Feeding Stations

About This Lot

As of May 2019

PRICE REDUCED OWNER VERY MOTIVATED CLICK ATTACHEMENT FOR BROCHURE
Beautiful Lakefront Property. 40 acres buildable with increased elevation to the east away from the lake. Every house can have a lake view. Lake Mabel is an 80 acre lake with abundant fish and a wonderful water skiing lake.• 40 acres with 2000 +/- feet lakefront
• Density can be 3 units per acre or higher
• Water and sewer next door. Power, Telephone and Internet available
• Elevation rises to the east allowing beautiful lakefront views
• 5 mins to shopping and US 27
• Space for 24 lakefront lots
• Additional space for 65 + homes
• Beautiful west view of sunsets across lake
• Property abuts land annexed into city of Lake Wales
• Quite country atmosphere
Many restaurants within 15 minutes. Property amenities can include Water skiing, Wake boarding, Tubing, and Bass fishing,Fabulous lakefront sunset location for Restaurant/Bar for vacationers as well as general public

Last Agent to Sell the Property

Chip Fortenberry

CROSBY & ASSOCIATES, INC. License #662316 Listed on: 07/19/2018

Last Buyer's Agent

Chip Fortenberry

CROSBY & ASSOCIATES, INC. License #662316 Listed on: 07/19/2018

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,684

Lot Details

  • 40 Acre Lot
  • 2,000 Feet of Waterfront
  • Lake Front
  • West Facing Home
  • Cross Fenced
  • Gentle Sloping Lot
  • Oak Trees
  • Wooded Lot
  • Property is zoned RE-1

Utilities

  • High Speed Internet
  • Phone Available
  • Cable TV Available

Additional Features

  • Lake Views
  • Feeding Stations

Listing and Financial Details

  • Assessor Parcel Number 27-29-11-000000-024010

Community Details

Overview

  • No Home Owners Association

Recreation

  • Access To Lake

Property Details

Property Type

Land

Est. Annual Taxes

$3,684

Lot Details

0

Listing Details

  • Property Type: Land
  • Lot Size Acres: 40
  • Lot Size Sq Ft: 4126243
  • Number Of Lots: 1
  • Status: Sold
  • Total Acreage: 20 to less than 50
  • Ratio: Close Price\List Price: 0.69832
  • Price per Sq Ft: 0.15
  • Close to Original List Price Ratio: 0.323
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2017
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Other Equipment: Feeding Stations

Exterior Features

  • Direction Faces: West
  • Waterfront: Yes
  • Easements: None
  • Water View: Lake
  • Water Access: Lake
  • Water View Y N: Yes
  • Front Footage: 500
  • Water Access Y N: Yes
  • Water Extras Y N: No
  • Flood Zone Panel: 12105C0555H
  • Waterfront Frontage: 2000
  • Water Frontage Feet Lake: 2000

Garage/Parking

  • Open Parking: No

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Phone Available, Sewer Nearby, Water Nearby
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Association Fee Requirement: None

Lot Info

  • Zoning: RE-1
  • Parcel Number: 27-29-11-000000-024010
  • Additional Parcels: No
  • Fencing: Boundary Fencing, Cross Fenced
  • Lot Features: Gentle Sloping
  • Lot Dimensions: Irregular
  • Price Per Acre: 15625
  • Flood Zone Code: AE
  • Flood Zone Date: 2016-12-22
  • Future Land Use: Res
  • Current Adjacent Use: Residential
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes
  • For Lease Y N: No

Tax Info

  • Tax Annual Amount: 3684
  • Tax Book Number: P-81

Multi Family

  • Waterfront Features: Lake

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2018
Closed on
May 28, 2019
Sold by
Upfield Sally A and Doty Sally A
Bought by
Pcgp Llc
Seller's Agent
Chip Fortenberry
CROSBY & ASSOCIATES, INC.
Buyer's Agent
Chip Fortenberry
CROSBY & ASSOCIATES, INC.
List Price
$1,935,000
Sold Price
$625,000
Premium/Discount to List
-$1,310,000
-67.7%
Current Estimated Value
$798,069

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$173,069
Avg. Annual Appreciation
3.88%

Purchase Details

Closed on
Mar 19, 2019
Sold by
Doty James A
Bought by
Upfield Sally A

Purchase Details

Closed on
Nov 29, 1999
Sold by
Gandy Gary L and Gandy Edith W
Bought by
Doty James A and Doty Sally A
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
Pcgp Llc $625,000 Attorney
Upfield Sally A -- Attorney
Doty James A $347,500 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/28/2019 05/28/19 Sold $625,000 -30.2% $231 / Sq Ft
02/19/2019 02/19/19 Pending -- -- --
01/03/2019 01/03/19 Price Changed $895,000 -10.1% $330 / Sq Ft
12/18/2018 12/18/18 Price Changed $995,000 -20.4% $367 / Sq Ft
11/26/2018 11/26/18 Price Changed $1,250,000 -7.4% $461 / Sq Ft
11/12/2018 11/12/18 Price Changed $1,350,000 -6.9% $498 / Sq Ft
10/15/2018 10/15/18 Price Changed $1,450,000 -6.8% $535 / Sq Ft
09/10/2018 09/10/18 Price Changed $1,555,000 -19.6% $574 / Sq Ft
07/19/2018 07/19/18 For Sale $1,935,000 -- $714 / 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 $362 $28,106 -- --
2024 $349 $25,506 -- --
2023 $349 $24,308 $0 $0
2022 $1,875 $139,065 $0 $0
2021 $3,764 $268,858 $194,943 $73,915
2020 $6,442 $428,728 $186,933 $241,795
2018 $3,718 $266,885 $56,356 $210,529
2017 $3,684 $265,467 $0 $0
2016 $4,220 $299,182 $0 $0
2015 $3,933 $297,750 $0 $0
2014 $3,617 $264,207 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Chip Fortenberry

    Seller's Agent in 2019

    Chip Fortenberry

    CROSBY & ASSOCIATES, INC.

    (863) 293-5600

    63 Total Sales

    Chip Fortenberry
    Section Image

  • S

    Buyer Co-Listing Agent in 2019

    Stephane Gardinier

    MARAN REAL ESTATE CORPORATION

    (941) 320-5418

    2 Total Sales

    Stephane Gardinier
    Section Image
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Map

Source: Stellar MLS

MLS Number: P4901498

Stellar MLS

APN: 27-29-11-000000-024010

Florida Polk County Lake Wales 33898

701 Lake Mabel Loop Rd, Lake Wales, 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.

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

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