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Polk
40 Palomino PATH
$195,000
● Mobile Manufactured - Off Market

40 Palomino PATH

LAKE WALES, FL 33867
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
480 Ft²
$194,468
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

Great location no rear neighbors. Enjoy watching the deer, birds, wildlife, etc. as you sit on your screened in porch. Resort offers pools, hot tubs, laundry, bathing facilities, tennis/pickleball, shuffleboard, fitness center, sauna, poker room, billiard room lounge and more. Bordering property offers a variety of activities open to the public for a fee. Make family memories that will last a lifetime.
Unit Size
480 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$406
Property Type
Mobile Manufactured
Property Taxes
$131
HOA Dues
$233
Year Built
1990

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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 #O6073697)

Price History

Date / Event Date Event Price
Aug 4, 2023 Sold
Premium
Sold
Nov 27, 2022 Listed by WESTGATE REALTY $195,000
Listed by WESTGATE REALTY
Jan 28, 2016 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1990
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 33
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 36
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 4,055
  • Lot Size Depth Feet: 1,030
  • Lot Size Frontage Feet: 450
  • Total Building Area: 480
  • Gross Building Area: 480
  • Building Area: 480
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 480
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LONG HAMMOCK PHASE ONE
  • Land Acres: 0000000093
  • Standard Land Use Code: 1006
  • County Land Use Code: 0200
  • State Land Use Code: 002
  • Mobile Home Indicator: T
  • Legal Description 1: LONG HAMMOCK PHASE ONE PB 73 PG 21 BLK 6 LOT 15

Neighborhood

  • School District Name: Polk County School District
  • Census Tract: 014202

Geography

  • Assessors Map Reference: Jan 01, 1970
  • Subdivision Phase Number: 1
  • Subdivision Tract Number: 996010
  • Parcel: 31-31-23-996010-006150
  • Block: 6
  • Lot: 15
  • Meridian: SEC 23 TWN 31S RNG 31E
  • Municipality: UNINCORP/SOUTH FL WMD
  • Latitude: 27.7653
  • Longitude: -81.1904

    Address

  • Full Address: 40 Palomino Path
  • Address - House Number: 40
  • Address - Street Name: Palomino
  • Address - Suffix Type: Path
  • State: FL
  • City Name: Lake Wales
  • Zip Code: 33898

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $157,389
  • Tax Rate Code Area: 30000

    Appraisal Valuation

  • Standard Deviation: 0.2125
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 71
  • Final Value: 194,874
  • High Value: 236,285
  • Low Value: 153,462

    Market Valuation

  • Market Total Value: $115,243
  • Market Land Value: $60,000
  • Market Improvement Value: $55,243

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $86,449

    Sales

  • Current Sale Contract Date: Jul 31, 2023
  • Current Sale Recording Date: Aug 04, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 181815
  • Previous Sale Recording Date: Jan 28, 2016
  • Previous Sale Contract Date: Jan 25, 2016
  • Previous Sale Amount: $100,000
  • Previous Sale Document Type: 71
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 Polk

Stats & Trends

Median Asking:

$315,000

Sale Price/ft²

$180

Below Asking

0.02%

Average Days on Market

74

Average Home Size

1947 ft²

Average Home Age

22.7 years

Currently For Sale

7040 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: Jerry Beach
WESTGATE REALTY
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# O6073697
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 40 Palomino Path built and last sold?
The property at 40 Palomino Path was built in 1990 and last sold on Jul 31, 2023 for $195,000.
How much is this home worth?
The estimated value of the home located at 40 Palomino Path is $0.
What are some comparable homes to 40 Palomino Path?
There are currently no comparable homes to 40 Palomino Path.
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