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Highlands 33876
1509 Duane Palmer BOULEVARD
$300,000
● House - Off Market

1509 Duane Palmer BOULEVARD

SEBRING, FL 33876
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,597 Ft²
$1,538
Est. Monthly
5.74%
Cap Rate

About This Property

**Back on the Market due to buyer financing** Wow What a Find, your very own slice of paradise on a canal and as a bonus your very own mature producing avocado tree!! If you are looking for a first home or an investment property, this home is perfect for you and is Priced to Sell and only needs a few updates. This 2-bedroom and 2-bathroom home has so much to offer inside and out; the living room has an ideal layout for a full-sized sectional to kick back and relax w/ friends and family with an easy flow to the back yard for outdoor entertaining. The property is VERY conveniently located near Sebring one of Florida's best secrets.  If you are looking for a quite spot with a country feel...this is your home. Did I say, Newer 2018 roof and no HOA?? Updated photos will be posted 24 July. 2023
Unit Size
1,597 Ft²
Days on Market
148 days
Land Size
0.29 acres
Price per sqft
$182
Property Type
House
Property Taxes
$114
HOA Dues
-
Year Built
1996

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (Stellar MLS #G5070818)

Price History

Date / Event Date Event Price
Dec 18, 2023 Sold
Premium
Sold
Nov 26, 2023 Relisted $290,000
Relisted
Jul 19, 2023 Listed by KELLER WILLIAMS ELITE PARTNERS III REALTY $290,000
Listed by KELLER WILLIAMS ELITE PARTNERS III REALTY
Apr 6, 2023 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1997
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 0
  • Building Quality: 4
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 7
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 6
  • Garage Type: 1
  • Garage Square Area: 434
  • Parking Space Count: 2
  • Patio Type: 17
  • Porch Type: 111
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,500
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 2,031
  • Gross Building Area: 2,502
  • Building Area: 1,597
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,597
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SPRING LAKE VILL 07
  • Land Acres: 0000000287
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • Legal Description 1: SPRING LAKE VILLAGE VII PB 11 PG 7 LOT 51 BLK EE

Neighborhood

  • School District Name: Highlands County School District
  • Census Tract: 961000

Zoning

  • Zoning: R1

Geography

  • Parcel: C-15-35-30-070-0EE0-0510
  • Block: EE
  • Lot: 51
  • Meridian: SEC 15 TWN 35S RNG 30E
  • Municipality: COUNTY SOUTH FLORIDA WATER
  • Latitude: 27.451
  • Longitude: -81.3229

    Address

  • Full Address: 1509 Duane Palmer Blvd
  • Address - House Number: 1509
  • Address - Street Name: Duane Palmer
  • Address - Suffix Type: Blvd
  • State: FL
  • City Name: Sebring
  • Carrier Code: R032
  • 4-Digit Zip Code: 6298
  • Zip Code: 33876

Valuation

    Tax

  • Total Area: 1,937
  • Tax Year: 2022
  • Tax Amount: $136,727
  • Tax Rate Code Area: 60

    Appraisal Valuation

  • Standard Deviation: 0.1004
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 90
  • Final Value: 284,878
  • High Value: 313,501
  • Low Value: 256,255

    Market Valuation

  • Market Total Value: $199,244
  • Market Land Value: $10,000
  • Market Improvement Value: $189,244

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $94,741

    Sales

  • Current Sale Contract Date: Dec 14, 2023
  • Current Sale Recording Date: Dec 18, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2182785
  • Previous Sale Recording Date: Apr 06, 2023
  • Previous Sale Contract Date: Mar 30, 2023
  • Previous Sale Amount: $45,000
  • Previous Sale Document Type: 55
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Highlands

Stats & Trends

Median Asking:

$279,900

Sale Price/ft²

$185

Below Asking

0.03%

Average Days on Market

100

Average Home Size

1808 ft²

Average Home Age

25.9 years

Currently For Sale

372 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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STELLAR

Listed by: Tom McKnight
KELLER WILLIAMS ELITE PARTNERS III REALTY
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# G5070818
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. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 1509 Duane Palmer Boulevard built and last sold?
The property at 1509 Duane Palmer Boulevard was built in 1996 and last sold on Dec 14, 2023 for $300,000.
How much is this home worth?
The estimated value of the home located at 1509 Duane Palmer Boulevard is $0.
What are some comparable homes to 1509 Duane Palmer Boulevard?
There are currently no comparable homes to 1509 Duane Palmer Boulevard.
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