NOT LISTED FOR SALE

Lakeland, FL 33811

Medulla Neighborhood

Estimated Value: $206,398 - $337,000

2 Beds
1 Bath
1,664 Sq Ft
$152/Sq Ft Est. Value

Last Sold May 22, 2018

Last sale price $121,100 $73 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $1,578/month

4 Days on Market

Highlights

  • No HOA
  • Eat-In Kitchen
  • Central Living Area
  • Lincoln Avenue Academy Rated A-
  • Accessible Approach with Ramp
  • Ceramic Tile Flooring

About This Home

As of May 2018

Great profit making property in a nice neighborhood. Plenty of parking, large cul de sac with nice green space in the middle circle. Good condition, nice back yard with fence. Glass top stoves, good size bedrooms. One unit has a small storage that stays with the property. Seller will pay $4000 to buyer for a new roof. Roof has never leaked but is getting older. $15,000 yearly income with no vacancies and vacancies don't last long. Wonderful investment here.

Last Agent to Sell the Property

Linda Porter

LIVE FLORIDA REALTY License #673958 Listed on: 04/27/2018

Last Buyer's Agent

Steven Ray Burnett

NUGGET REALTY License #3354867

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,890

Year Built

  • Built in 1984

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 80x148
  • Additional Parcels

Parking

  • Driveway

Home Design

  • Duplex
  • Shingle Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,664 Sq Ft Home
  • Ceiling Fan

Kitchen

  • Eat-In Kitchen
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile

Accessible Home Design

  • Central Living Area
  • Accessible Approach with Ramp

Outdoor Features

  • Exterior Lighting
  • Outdoor Storage

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Electric Water Heater
  • Septic Tank
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 2 Units
  • Cherry Woods Sub Subdivision

Listing and Financial Details

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,890

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 1664
  • Lot Size Acres: 0.27
  • New Construction: No
  • Year Built: 1984
  • Accessibility Features: Accessible Approach with Ramp, Accessible Central Living Area
  • Lot Size Sq Ft: 11905
  • Number Of Lots: 2
  • Directions to Property: South Florida Ave to right on Schoolhouse Rd ( at the Goodwill store traffic light) . Go to Old 37 and turn left. Then iImmediate right on Cherry Lane and then left onto Cherrywood . At the circle, turn left, property is on the left. 5628 and 5630 .
  • Status: Sold
  • Street Post Direction: S
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=L4900369&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=L4900369&cview=true&show_results=true&customer_portal=true
  • Unit Count: 2
  • Homestead Y N: No
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.96958
  • Price per Sq Ft: 72.78
  • Close to Original List Price Ratio: 0.96958
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2017
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Interior Amenities: Ceiling Fans(s), Eating Space In Kitchen
  • Appliances Included: Dishwasher, Electric Water Heater
  • Levels: One
  • Number Of Buildings: 1
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Exterior Features: Lighting, Storage
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Flood Zone Panel: 12105C0480G

Garage/Parking

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

Utilities

  • Utilities: Cable Connected, Electricity Connected, Fire Hydrant, Natural Gas Available
  • Cooling: Central Air
  • Heating: Central, Electric, Exhaust Fans
  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

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

Lot Info

  • Zoning: R1
  • Parcel Number: 23-29-14-141550-000120
  • Additional Parcels Description: 23-29-14-141550-000120
  • Additional Parcels: Yes
  • Lot Dimensions: 80x148
  • Flood Zone Code: X
  • Flood Zone Date: 2016-12-22
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1890
  • Tax Book Number: 72-38
  • Tax Lot: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 10, 2024
Sold by
Ahmad Fahme Nageh
Bought by
Hamdan Property Investment Inc
Current Estimated Value
$252,600

Purchase Details

Listed on
Apr 27, 2018
Closed on
May 22, 2018
Sold by
Porter Frank D and Porter Linda
Bought by
Ahmad Fahme Nageh
Seller's Agent
Linda Porter
LIVE FLORIDA REALTY
Buyer's Agent
Steven Ray Burnett
NUGGET REALTY
List Price
$124,900
Sold Price
$121,100
Premium/Discount to List
-$3,800
-3.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.66%
Original Mortgage
$90,825
Interest Rate
4.4%

Purchase Details

Closed on
Oct 12, 1999
Sold by
Winslow Donald F and Winslow Sarah
Bought by
Porter Frank D and Porter Linda M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,000
Interest Rate
7.79%
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
Hamdan Property Investment Inc $55,500 None Listed On Document
Ahmad Fahme Nageh $121,100 Home Solution Title Inc
Porter Frank D $55,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ahmad Fahme Nageh $117,600
Previous Owner Ahmad Fahme Nageh $90,825
Previous Owner Porter Frank D $44,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/22/2018 05/22/18 Sold $121,100 -3.0% $73 / Sq Ft
05/22/2018 05/22/18 Price Changed $124,900 0.0% $75 / Sq Ft
05/22/2018 05/22/18 For Sale $124,900 0.0% $75 / Sq Ft
04/27/2018 04/27/18 Pending -- -- --
04/23/2018 04/23/18 For Sale $124,900 -- $75 / 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
2024 $2,427 $122,070 -- --
2023 $2,427 $110,973 $24,000 $86,973
2022 $2,235 $103,014 $20,000 $83,014
2021 $2,174 $96,167 $20,000 $76,167
2020 $2,140 $95,495 $25,000 $70,495
2018 $1,929 $81,061 $25,000 $56,061
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2018

    Linda Porter

    LIVE FLORIDA REALTY

    (863) 644-4601

    2 Total Sales

    Linda Porter
    Section Image

  • S

    Buyer's Agent in 2018

    Steven Ray Burnett

    NUGGET REALTY

    (863) 529-8670

    5 in this area

    105 Total Sales

    Steven Ray Burnett
    Section Image
See All Agents

Source: Stellar MLS

MLS Number: L4900369

Stellar MLS

APN: 23-29-14-141550-000120

Florida Polk County Lakeland 33811

Medulla

This home since 27 April 2018 and is currently estimated at $252,600, approximately $151 per square foot. This property was built in 1984. This home is a home located in Polk County with nearby schools including Medulla Elementary School, Rochelle School Of The Arts, and Winston Academy of Engineering.

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.

Stellar MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.



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

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