NOT LISTED FOR SALE

Estimated Value: $508,000 - $976,000

5 Beds
3 Baths
3,843 Sq Ft
$198/Sq Ft Est. Value

Sale Details

Date Sold: July 5, 2022

Last sale price $850,000 $221 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $4,179 / mo

11 Days on Market

Highlights

  • No HOA
  • Central Air
  • Wood Siding
  • Lincoln Avenue Academy Rated A-
  • Ceiling Fan
  • 5-minute walk to Barnett Family Park

About This Home

As of July 2022

One or more photos in this listing have been virtually staged. Beautifully renovated quadplex located in the heart of the Lakeland Historic District. This property was masterfully transformed from head to toe, including new roof, exterior siding, windows, HVAC systems, plumbing, electrical system, hot water heaters, appliances and more. Work was completed by a licensed general contractor and all necessary permits were approved by the City of Lakeland. The interiors include luxury vinyl plank flooring, quartz countertops, stainless steel appliances, subway shower tiles and modern hardware and fixtures. The unit mix consists of three 2/2s and one 3/2 with current monthly rents totaling $6650. In addition, there is a fifth air conditioned unit which could be leased to tenants for storage purposes. Each unit is individually metered for electric, water, sewer and trash. Tenants are responsible for payment all utilities. MLS attachments include current rent roll, pro forma and Seller's disclosure. This is a unique opportunity to purchase a brand new cash flowing hard asset in an A Location! Listing agent maintains an ownership interest in the subject property.

Last Agent to Sell the Property

Greg Wilkerson

SOUTH CEDAR REAL ESTATE, INC License #3439534 Listed on: 05/23/2022

Last Buyer's Agent

Michelle Garcia

CHARLES RUTENBERG REALTY ORLANDO License #3466809

CHARLES RUTENBERG REALTY ORLANDO

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,719

Year Built

  • Built in 1910

Lot Details

  • 10,001 Sq Ft Lot
  • Lot Dimensions are 50x200

Home Design

  • Quadruplex
  • Slab Foundation
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 3,843 Sq Ft Home
  • Ceiling Fan

Utilities

  • Central Air
  • Heating Available

Community Details

  • No Home Owners Association
  • 2 Buildings
  • 5 Units
  • Mortons Add Subdivision

Listing and Financial Details

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,719

Year Built

Built in 1910

Lot Details

10,001 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Construction Materials: Wood Siding
  • Fireplace: No
  • Living Area: 3843
  • Lot Size Acres: 0.23
  • New Construction: No
  • Year Built: 1910
  • Lot Size Sq Ft: 10001
  • Status: Sold
  • Street Direction: E
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/O6028011?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/O6028011?w=Customer
  • Unit Count: 4
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.94549
  • Price per Sq Ft: 221.18
  • Close to Original List Price Ratio: 0.94549
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Interior Amenities: Ceiling Fans(s)
  • Foundation Details: Slab
  • Number Of Buildings: 2

Exterior Features

  • Exterior Features: Sidewalk
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Gravel
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Electric
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Zoning: MF-22
  • Parcel Number: 24-28-18-205000-007101
  • Additional Parcels: No
  • Lot Dimensions: 50x200
  • Flood Zone Code: X

Multi Family

  • Number Of Units Total: 5

Tax Info

  • Tax Annual Amount: 2719.17
  • Tax Block: G
  • Tax Book Number: Q-79
  • Tax Lot: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 26, 2025
Sold by
Hall Roberta
Bought by
Hall Family Trust and Hall
Current Estimated Value
$761,654

Purchase Details

Listed on
May 23, 2022
Closed on
Jun 29, 2022
Sold by
Gunlock Homes 1 Llc
Bought by
Hall Roberta
Seller's Agent
Greg Wilkerson
SOUTH CEDAR REAL ESTATE, INC
Buyer's Agent
Michelle Garcia
CHARLES RUTENBERG REALTY ORLANDO
List Price
$899,000
Sold Price
$850,000
Premium/Discount to List
-$49,000
-5.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.86%
Original Mortgage
$146,561
Interest Rate
4.31%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 9, 2018
Sold by
Rock It Properties I Llc
Bought by
Gunlock Homes I Llc

Purchase Details

Closed on
Sep 7, 2018
Sold by
Sun West Mortgage Company Inc
Bought by
Rock It Properties I Llc

Purchase Details

Closed on
Jul 1, 2016
Bought by
Sun West Mortgage Company Inc

Purchase Details

Closed on
Jan 23, 2013
Sold by
Beyers Jeffery
Bought by
Sun West Mortgage Company Inc

Purchase Details

Closed on
Nov 16, 2012
Sold by
County Of Polk
Bought by
Beyers Jeffery

Purchase Details

Closed on
Jun 14, 2008
Sold by
Straughn Janeth
Bought by
Straughn Charles D

Purchase Details

Closed on
Oct 23, 1995
Sold by
Straughn Charles D
Bought by
Straughn Charles D and Straughn Janet M

Purchase Details

Closed on
Sep 6, 1995
Sold by
F N B Prop Inc
Bought by
Straughn Charles D
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hall Family Trust $100 None Listed On Document
Hall Family Trust $100 None Listed On Document
Hall Roberta $850,000 None Listed On Document
Gunlock Homes I Llc $162,383 Attorney
Rock It Properties I Llc $151,500 North American Title Company
Sun West Mortgage Company Inc -- --
Sun West Mortgage Company Inc $77,000 Advantage Title Svcs Inc
Beyers Jeffery $57,100 None Available
Straughn Charles D -- None Available
Straughn Charles D $100 --
Straughn Charles D $30,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hall Roberta $146,561
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/05/2022 07/05/22 Sold $850,000 -5.5% $221 / Sq Ft
06/04/2022 06/04/22 Pending -- -- --
05/23/2022 05/23/22 For Sale $899,000 -- $234 / Sq Ft
Source: Stellar MLS

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 $1,685 $502,920 -- --
2024 $11,656 $457,200 $44,000 $275,978
2023 $11,656 $720,714 $42,000 --
2022 $2,965 $127,339 $0 $0
2021 $2,719 $115,763 $0 $0
2020 $2,006 $105,239 $20,000 $85,239
2018 $1,331 $67,658 $20,000 $47,658
2017 $1,297 $65,930 $0 $0
2016 $1,243 $62,225 $0 $0
2015 $1,208 $59,381 $0 $0
2014 $1,104 $58,681 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: O6028011

Stellar MLS

APN: 24-28-18-205000-007101

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