NOT LISTED FOR SALE

705 Michigan Ct Unit 1-4 Saint Cloud, FL 34769

Estimated Value: $123,000 - $518,000

4 Beds
4 Baths
784 Sq Ft
$406/Sq Ft Est. Value

Sale Details

Date Sold: February 14, 2025

Last sale price $500,000 $638 Per Sq Ft

Est. 36% decrease in value since last sale

Current estimated payment $3,079 / mo

21 Days on Market

Highlights

  • In Ground Pool
  • Clubhouse
  • Covered Patio or Porch
  • Gated Community
  • Private Lot
  • Family Room Off Kitchen

About This Home

As of February 2025

Over 6% CAP on this 4 unit multifamily building located in a desirable GATED community in the city of St. Cloud - FL, minutes from the turnpike to Orlando area. Fully rented with yearly contracts. The all-block and stucco building is in excellent condition in terms of external area, roofing, paint, plumbing, and electricity. Each unit is a two-bedroom, one-bathroom spacious condo with all appliances included. SEPARATE electric bills are each tenant's responsibility. Water for all units, lawn care, and community pool maintenance are included in HOA fees. The amenities include a community pool, playgrounds, a green area, and laundry. Please note that there are a total of 4 parcel ID numbers. 11-26-30-0609-0705-0010, 11-26-30-0609-0705-0020, 11-26-30-0609-0705-0030, 11-26-30-0609-0705-0040. This must be sold as a group. Realtors, please see the remarks. Make your private showing today before this is gone!

Last Agent to Sell the Property

Cliff Clover

EXP REALTY LLC Brokerage Phone: 888-883-8509 License #707230 Listed on: 01/14/2025

EXP REALTY LLC

Last Buyer's Agent

Cliff Clover

EXP REALTY LLC Brokerage Phone: 888-883-8509 License #707230 Listed on: 01/14/2025

EXP REALTY LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,408

Year Built

  • Built in 1972

Lot Details

  • 1,693 Sq Ft Lot
  • Fenced
  • Private Lot

HOA Fees

  • $1,200 Monthly HOA Fees

Parking

  • Assigned Parking

Home Design

  • Quadruplex
  • Slab Foundation
  • Shingle Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 784 Sq Ft Home
  • Family Room Off Kitchen
  • Tile Flooring

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Pool

  • In Ground Pool
  • In Ground Spa

Outdoor Features

  • Covered Patio or Porch

Utilities

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

Listing and Financial Details

  • Visit Down Payment Resource Website
  • Tenant pays for electricity
  • 8 to 12-Month Minimum Lease Term
  • Legal Lot and Block 0010 / 705
  • Assessor Parcel Number 11-26-30-0609-0705-0010

Community Details

Overview

  • 4 Units
  • Palm Gardens Association, Phone Number (407) 957-4377
  • Palm Gardens Condo Subdivision
  • The community has rules related to building or community restrictions

Recreation

  • Community Pool

Pet Policy

  • Very small pets allowed

Additional Features

  • Clubhouse
  • Gross Income $60,600
  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,408

Year Built

Built in 1972

Lot Details

1,693 Sq Ft Lot

HOA Fees

$1,200 per month

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 784
  • Lot Size Acres: 0.04
  • New Construction: No
  • Year Built: 1972
  • Lease Term: Three to Five Years
  • Lot Size Sq Ft: 1693
  • Number Of Lots: 4
  • Tenant Pays: Electricity
  • Status: Sold
  • Ownership: Fee Simple
  • Escrow City: Longwood
  • Escrow State: FL
  • Escrow Street Name: W. State Rd 434 #109
  • Minimum Lease: 8-12 Months
  • RATIO Current Price By Calculate: 637.76
  • Total Acreage: 0 to less than 1/4
  • Water Access YN: 0
  • MFR_NumAssignedParkingSpaces: 4
  • Attribution Contact: 888-883-8509
  • Tax Year: 2023
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Tile
  • Interior Amenities: Kitchen/Family Room Combo, Thermostat
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 4
  • Levels: One
  • Spa Features: In Ground
  • Spa Yn: Yes
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 72.84

Exterior Features

  • Pool Features: In Ground
  • Exterior Features: Fence
  • Roof: Shingle
  • Pool Private: Yes
  • Waterfront: No
  • Patio and Porch Features: Covered
  • Road Surface Type: Asphalt
  • Disclosures: HOA/PUD/Condo Disclosure
  • Water View YN: 0
  • Waterfront Feet Total: 0

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Assigned

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Electricity Connected, Fire Hydrant, Public, Sewer Available, Sewer Connected, Street Lights, Water Connected
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Individually Metered: Cable,Electric

Condo/Co-op/Association

  • Community Features: Clubhouse, Gated Community - No Guard, Pool, Sidewalks, Special Community Restrictions
  • Association Amenities: Pool
  • Association Fee: 14400
  • Association Fee Frequency: Annually
  • Association Name: Palm Gardens
  • Phone: 407-957-4377
  • Association: Yes
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 0
  • Pet Restrictions: See HOA Documents.
  • Association Fee Requirement: Required
  • Association Email: palmgardens1830@gmail.com
  • Pet Size: Very Small (Under 15 Lbs.)

Fee Information

  • Total Annual Fees: 14400.00
  • Total Monthly Fees: 1200.00
  • Monthly HOA Amount: 1200.00

Lot Info

  • Zoning: SR3
  • Parcel Number: 11-26-30-0609-0705-0010
  • Additional Parcels: No
  • Lot Features: City Limits, Private
  • Flood Zone Code: x

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Lease Restrictions YN: 1
  • Terms Of Lease: Net Lease

Multi Family

  • Gross Income: 60600
  • Number Of Units Total: 4
  • Total Num Buildings: 1
  • Unit Count: 1

Tax Info

  • Tax Annual Amount: 4408
  • Tax Block: 705
  • Tax Book Number: 3-9
  • Tax Lot: 0010

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 14, 2025
Closed on
Feb 13, 2025
Sold by
Bought by
Seller's Agent
Cliff Clover
EXP REALTY LLC
Buyer's Agent
Cliff Clover
EXP REALTY LLC
List Price
$499,987
Sold Price
$500,000
Premium/Discount to List
$13
0.003%
Views
1
Current Estimated Value
$318,370

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$181,630
Avg. Annual Appreciation
-29.15%
Original Mortgage
$100,000
Outstanding Balance
$99,235
Interest Rate
6.93%
Mortgage Type
New Conventional
Estimated Equity
$219,135

Purchase Details

Closed on
Aug 9, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 5, 2016
Sold by
Bought by

Purchase Details

Closed on
May 19, 2015
Sold by
Bought by

Purchase Details

Closed on
Aug 31, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,170
Interest Rate
7.02%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$125,000 Watson Title
$125,000 Watson Title
$80,000 Watson Title Svcs Inc
$195,000 None Available
$190,000 Ocp Title Llc
$120,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $100,000
Closed $100,000
Previous Owner $56,000
Previous Owner $95,170
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/14/2026 01/14/26 Price Changed $515,000 -1.9% $657 / Sq Ft
11/18/2025 11/18/25 For Sale $525,000 +5.0% $670 / Sq Ft
02/14/2025 02/14/25 Sold $500,000 0.0% $638 / Sq Ft
02/04/2025 02/04/25 Pending -- -- --
02/04/2025 02/04/25 For Sale $499,987 0.0% $638 / Sq Ft
01/17/2025 01/17/25 Pending -- -- --
01/14/2025 01/14/25 For Sale $499,987 -- $638 / Sq Ft
Source: Stellar MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,934 $112,700 -- $112,700
2024 $1,703 $128,700 -- $128,700
2023 $1,703 $87,698 $0 $0
2022 $1,452 $82,400 $0 $82,400
2021 $1,341 $73,400 $0 $73,400
2020 $1,246 $69,600 $0 $69,600
2019 $1,916 $59,900 $0 $59,900
2018 $1,642 $46,000 $0 $46,000
2017 $1,570 $40,300 $0 $40,300
2016 $1,231 $32,700 $0 $32,700
2015 $1,238 $32,400 $0 $32,400
2014 $626 $31,200 $0 $31,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: S5118631

Stellar MLS

APN: 11-26-30-0609-0705-0010

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