NOT LISTED FOR SALE
-- Bed
-- Bath
4,352 Sq Ft
129,373 Sq Ft Lot

Last Sold April 01, 2021

Last sale price $680,000 $156 Per Sq Ft

1,055 Days on Market

Highlights

  • 113 Feet of Waterfront
  • Guest House
  • Boat Ramp
  • Parking available for a boat
  • Dock made with wood
  • Lake View

About This Home

As of April 2021

THE POSSIBILITIES ARE ENDLESS!!! Fully remodeled multi family!!!!!! Own this beautiful 4 unit apartment complex with 8 bedrooms on Lake Iola. These apartments would make great vacation rentals or short term rental units. Property has been well maintained for 20+ years with the current owners. All apartments are super clean with newer carpets, laminate flooring and appliances. Front units have a screen enclosure and screen/vinyl window enclosed porch on the rear units. The owners former unit features a large open kitchen with plenty of cabinets, large rectangle living room and plenty of closet space all done in earth tones. There is a huge detached two car/two story garage with a Rec room having a partial kitchen & full bathroom. This space can be turned into a managers office, banquet room, game room etc. The owner has also added an extra large partially covered concrete entertaining area with railing overlooking the lake, fire pit and barbecue. Property also has a Laundry room and work/storage shed in the back. Lake Iola is a private lake and is one of three ski-able lakes in Pasco county. Imagine coming home and being able to walk out your front door ready to ski, fish, kayak, paddle board, swim or just relax in your lounge chair soaking up the sun. Then in the evening enjoy a cocktail and watch the colorful sky as the sunsets on the lake. All this, while your tenants pay your mortgage for you.

Last Agent to Sell the Property

Corin Hall

ELITE BROKERS, LLC License #3049453 Listed on: 05/08/2018

Co-Listed By

Barbara Tomberlin

ELITE BROKERS, LLC License #3129267

Last Buyer's Agent

Lori Balkin

COLDWELL BANKER REALTY License #3414347

COLDWELL BANKER REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,097

Year Built

  • Built in 1965

Lot Details

  • 2.97 Acre Lot
  • Lot Dimensions are 1285x113
  • 113 Feet of Waterfront
  • Lake Front
  • Fenced
  • Gentle Sloping Lot

Parking

  • 2 Car Garage
  • Parking available for a boat

Home Design

  • Quadruplex
  • Bi-Level Home
  • Membrane Roofing
  • Block Exterior

Interior Spaces

  • Walk-In Closet
  • 4,352 Sq Ft Home
  • Ceiling Fan
  • Sun or Florida Room
  • Lake Views
  • Laundry Room

Kitchen

  • Range with Range Hood
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Outdoor Features

  • Access To Lake
  • Water Skiing Allowed
  • Boat Ramp
  • Dock made with wood
  • Balcony
  • Deck
  • Covered Patio or Porch
  • Exterior Lighting
  • Separate Outdoor Workshop
  • Shed

Additional Homes

  • Guest House

Utilities

  • Central Heating and Cooling System
  • Well
  • Septic Tank

Community Details

  • No Home Owners Association
  • 4 Units
  • 6,312 Sq Ft Building
  • Lake Iola Subdivision

Listing and Financial Details

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,097

Year Built

Built in 1965

Lot Details

2.97 Acres

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Condition: Completed
  • Property Sub Type: Quadruplex
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 4352
  • Lot Size Acres: 2.97
  • New Construction: No
  • Year Built: 1965
  • Building Area Total: 6312
  • Lot Size Sq Ft: 129500
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/E2400113?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/E2400113?w=Customer
  • Unit Count: 4
  • Homestead Y N: No
  • Total Acreage: 2 to less than 5
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.92016
  • Price per Sq Ft: 156.25
  • Close to Original List Price Ratio: 0.7907
  • Ratio: Current Price\Building Area Total: 107.73
  • View: Yes
  • Co List Office Mls Id: 254522210
  • Co List Office Phone: 813-312-3063
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2020
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Interior Amenities: Ceiling Fans(s), Walk-In Closet(s)
  • Appliances Included: Dishwasher, Range, Range Hood, Refrigerator
  • Levels: Two
  • Additional Rooms: Florida Room
  • Number Of Buildings: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Other Structures: Guest House, Shed(s), Storage, Workshop
  • Exterior Features: Balcony, Fenced, Lighting, Sidewalk, Storage
  • Roof: Membrane
  • Pool Private: No
  • View: Water
  • Water Body Name: Lake Iola
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Deck, Front Porch, Patio, Porch, Rear Porch, Screened
  • Water View: Lake
  • Water Access: Lake
  • Water Extras: Boat Ramp - Private, Dock - Wood, Skiing Allowed
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Waterfront Frontage: 113
  • Water Frontage Feet Lake: 113

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Boat
  • Covered Parking Spaces: 2
  • Open Parking: No

Utilities

  • Utilities: Electricity Connected, Street Lights
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Laundry Room
  • Sewer: Septic Tank
  • Water Source: Well
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Deposits Y N: No
  • Association Fee Requirement: None

Lot Info

  • Zoning: C2
  • Parcel Number: 15-24-20-0000-00900-0000
  • Additional Parcels: No
  • Lot Features: Gentle Sloping, In County
  • Lot Dimensions: 1285x113
  • Millage Rate: 16.75
  • Flood Zone Code: A
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 4
  • Waterfront Features: Lake

Tax Info

  • Tax Annual Amount: 5097.01
  • Tax Block: 0000
  • Tax Book Number: 7-6
  • Tax Lot: 0000
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/01/2021 04/01/21 Sold $680,000 -8.0% $156 / Sq Ft
03/21/2021 03/21/21 Pending -- -- --
02/15/2021 02/15/21 Price Changed $739,000 -1.3% $170 / Sq Ft
01/11/2021 01/11/21 Price Changed $749,000 -1.3% $172 / Sq Ft
10/29/2020 10/29/20 Price Changed $759,000 +2.7% $174 / Sq Ft
08/21/2019 08/21/19 Price Changed $739,000 -6.4% $170 / Sq Ft
04/08/2019 04/08/19 Price Changed $789,900 -1.1% $182 / Sq Ft
04/08/2019 04/08/19 Price Changed $798,900 -0.1% $184 / Sq Ft
02/07/2019 02/07/19 Price Changed $799,900 0.0% $184 / Sq Ft
02/07/2019 02/07/19 For Sale $799,900 +17.6% $184 / Sq Ft
12/01/2018 12/01/18 Off Market $680,000 -- --
10/04/2018 10/04/18 Price Changed $820,000 -4.7% $188 / Sq Ft
05/01/2018 05/01/18 For Sale $860,000 -- $198 / 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
2026 $7,168 $388,842 $107,885 $280,957
2025 $7,168 $388,842 $107,885 $280,957
2024 $7,168 $390,785 $107,885 $282,900
2023 $6,991 $382,802 $107,885 $274,917
2022 $6,064 $353,492 $107,885 $245,607
2021 $5,196 $294,349 $107,885 $186,464
2020 $5,097 $288,722 $107,885 $180,837
2019 $5,223 $289,010 $107,885 $181,125
2018 $2,975 $190,794 $0 $0
2017 $2,626 $187,667 $0 $0
2016 -- $181,408 $0 $0
2015 $2,553 $178,298 $0 $0
2014 $2,253 $247,960 $107,885 $140,075
Source: Public Records

Agents Affiliated with this Home

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Source: Stellar MLS

MLS Number: E2400113

Stellar MLS
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