NOT LISTED FOR SALE

Estimated Value: $370,587 - $618,000

8 Beds
8 Baths
4,524 Sq Ft
$105/Sq Ft Est. Value

Last Sold April 24, 2024

Last sale price $650,000 $144 Per Sq Ft

Est. 27% decrease in value since last sale

Current estimated payment $2,879/month

30 Days on Market

Highlights

  • City View
  • 0.46 Acre Lot
  • Rear Porch
  • Lincoln Avenue Academy Rated A-
  • No HOA
  • Shed

About This Home

As of April 2024

Discover a compelling investment opportunity with two duplexes (four units total) at 910/908/902/904 Castleway in South Central Lakeland, FL. Situated near South Florida Avenue and Edgewood Drive, these conveniently located properties offer easy access to Polk Parkway, Lakeside Village Shopping Mall, and various amenities, enhancing tenant appeal. The 910/908 duplex has been upgraded with new tile floors, modern white cabinetry, and stainless-steel appliances, while units 902/904 present an opportunity for value-add through renovations. Each unit, approximately 1,131 square feet, includes an assigned carport and additional parking, generating a total of $53,000 in gross annual income against $8,664 in expenses. Sold together (parcels 23-28-25-136610-000230 & 23-28-25-136610-000220), this investment offers both current returns and potential for future growth.

Last Agent to Sell the Property

Milton De La Cruz

LAKELAND HOMES AND REALTY, LLC Brokerage Phone: 863-248-7260 License #3217064 Listed on: 02/14/2024

Last Buyer's Agent

Maria Torres Beltran

CENTURY 21 NEXT LEVEL REALTY License #3402170

CENTURY 21 NEXT LEVEL REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,385

Year Built

  • Built in 1976

Lot Details

  • 0.46 Acre Lot
  • Fenced

Home Design

  • Quadruplex
  • Slab Foundation
  • Metal Roof
  • Block Exterior

Interior Spaces

  • 4,524 Sq Ft Home
  • Ceiling Fan
  • Window Treatments
  • Combination Dining and Living Room
  • Ceramic Tile Flooring
  • City Views
  • Laundry in Kitchen

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Parking

  • 8 Carport Spaces
  • 1 Parking Garage Space
  • Driveway

Outdoor Features

  • Shed
  • Private Mailbox
  • Rear Porch

Utilities

  • Central Heating and Cooling System
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • 4,524 Sq Ft Building
  • Castle Sub Subdivision

Pet Policy

  • Pets Allowed
  • 2 Pets Allowed

Building Details

  • Operating Expense $8,664
  • Gross Income $53,085

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,385

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Condition: Completed
  • Property Sub Type: Quadruplex
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 4524
  • Lot Size Acres: 0.46
  • New Construction: No
  • Year Built: 1976
  • Building Area Total: 4524
  • Lot Size Sq Ft: 19864
  • Tenant Pays: Electricity, Sewer, Trash Collection, Water
  • Directions to Property: Head south Florida Ave. Turn left onto W Edgewood Dr. Turn right onto S Lincoln Ave. Turn left onto Castle Way. Duplex will be on your left.
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Escrow City: Lakeland
  • Escrow Postal Code: 33803
  • Escrow State: FL
  • Escrow Street Name: Lake Morton Dr
  • Escrow Street Number: 44
  • List Office Head Office Key Nume: 1044262
  • Minimum Lease: No Minimum
  • Number Of Pets: 2
  • RATIO Current Price By Calculate: 143.68
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number YN: 0
  • Water Access YN: 0
  • Planned Unit Development Yn: 0
  • MFR_NumAssignedParkingSpaces: 1
  • Attribution Contact: 863-248-7260
  • Tax Year: 2023
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile
  • Interior Amenities: Ceiling Fans(s), Living Room/Dining Room Combo, Window Treatments
  • Appliances Included: Dishwasher, Microwave, Range, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 8
  • Levels: One
  • Window Features: Aluminum Frames
  • Street Number Modifier: 910
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 420.29

Exterior Features

  • Other Structures: Shed(s)
  • Exterior Features: Fence, Private Mailbox, Sidewalk
  • Roof: Metal
  • Pool Private: No
  • View: City
  • Waterfront: No
  • Patio and Porch Features: Rear Porch
  • Road Surface Type: Paved
  • Disclosures: Lead Paint
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0
  • Flood Zone Date: 2016-12-22
  • Flood Zone Panel: 12105C0315G

Garage/Parking

  • Carport Spaces: 8
  • Carport Y N: Yes
  • Garage Yn: No
  • Parking Features: Driveway

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Electricity Available
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: In Kitchen, Laundry Closet
  • Sewer: Public Sewer
  • Water Source: Public
  • Individually Metered: Cable,Electric,Sewer,Water

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 0
  • Pet Restrictions: None

Fee Information

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

Lot Info

  • Zoning: RB-1
  • Parcel Number: 23-28-25-136610-000220
  • Additional Parcels: No
  • Lot Features: City Limits, Sidewalk, Paved
  • Flood Zone Code: X
  • Homestead YN: 0
  • Lot Size Square Meters: 1845

Green Features

  • Green Verification Count: 0

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Total Actual Rent: 4500
  • Lease Restrictions YN: 0
  • Terms Of Lease: Gross Lease

Multi Family

  • Gross Income: 53085
  • Number Of Units Total: 4
  • Total Num Buildings: 2
  • Unit Count: 4
  • Total Monthly Expenses: 722

Tax Info

  • Tax Annual Amount: 5385
  • Tax Book Number: 60-1
  • Tax Lot: 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2024
Closed on
Apr 22, 2024
Sold by
Cardone Daniel and Simancainvestments Llc
Bought by
Pablo Biesto Juan and Fernan Veron Jemima
Seller's Agent
Milton De La Cruz
LAKELAND HOMES AND REALTY, LLC
Buyer's Agent
Maria Torres Beltran
CENTURY 21 NEXT LEVEL REALTY
List Price
$689,000
Sold Price
$650,000
Premium/Discount to List
-$39,000
-5.66%
Total Days on Market
30
Views
88
Current Estimated Value
$474,147

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$175,853
Avg. Annual Appreciation
-24.55%
Original Mortgage
$281,250
Outstanding Balance
$278,505
Interest Rate
6.74%
Mortgage Type
New Conventional
Estimated Equity
$195,642

Purchase Details

Listed on
Apr 1, 2020
Closed on
Jun 5, 2020
Sold by
Watson Anthony James
Bought by
Cardone Daniel and Cardone Kimberly
Seller's Agent
Chase Carbonell
SIGNATURE REALTY ASSOCIATES
Buyer's Agent
Milton De La Cruz
LAKELAND HOMES AND REALTY, LLC
List Price
$167,500
Sold Price
$167,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
41.71%
Original Mortgage
$167,500
Interest Rate
3.2%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 21, 2018
Sold by
Watson Helen Marguerite
Bought by
Watson Anthony James

Purchase Details

Closed on
Jan 24, 2018
Sold by
Watson Helen Marguerite
Bought by
Watson Anthony James

Purchase Details

Closed on
Aug 23, 2007
Sold by
Watson Anthony J
Bought by
Watson Anthony J and Watson Helen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,410
Interest Rate
6.62%

Purchase Details

Closed on
May 18, 1999
Sold by
Sammons Frances H
Bought by
Watson Anthony J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,900
Interest Rate
6.98%
Source: Public Records

Range of Values:

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Average Value
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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
Pablo Biesto Juan $375,000 Advantage Title Services
Cardone Daniel $335,000 First American Title Ins Co
Watson Anthony James -- None Available
Watson Anthony James -- None Available
Watson Anthony J -- Richmond Title Services
Watson Anthony J $145,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pablo Biesto Juan $281,250
Previous Owner Cardone Daniel $167,500
Previous Owner Watson Anthony J $183,410
Previous Owner Watson Anthony J $141,767
Previous Owner Watson Anthony J $147,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/24/2024 04/24/24 Sold $650,000 -5.7% $144 / Sq Ft
03/16/2024 03/16/24 Pending -- -- --
03/06/2024 03/06/24 Price Changed $689,000 0.0% $152 / Sq Ft
03/06/2024 03/06/24 For Sale $689,000 +6.0% $152 / Sq Ft
03/06/2024 03/06/24 Off Market $650,000 -- --
03/06/2024 03/06/24 For Sale $389,500 -40.1% $86 / Sq Ft
02/20/2024 02/20/24 Off Market $650,000 -- --
02/14/2024 02/14/24 For Sale $389,500 +132.5% $86 / Sq Ft
06/05/2020 06/05/20 Sold $167,500 0.0% $74 / Sq Ft
04/16/2020 04/16/20 Pending -- -- --
04/01/2020 04/01/20 For Sale $167,500 -- $74 / 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
2023 $2,601 $104,101 $0 $0
2022 $1,738 $94,637 $20,000 $74,637
2021 $1,689 $89,316 $20,000 $69,316
2020 $728 $63,180 $13,500 $49,680
2018 $785 $64,914 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: L4942603

Stellar MLS

APN: 23-28-25-136610-000220