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406 South Franklin Street

406 South Franklin Street, Sebring, FL 33870
Property in Sebring
Sold Sep 16, 2021
$50,000
$48,000 by Joseph Royce Smith
Mortgage Due Oct 01, 2051
Sold Nov 18, 2016
$29,800
406 South Franklin Street has been categorized by the local assessors in Sebring, FL as a residential type of property. The building on the property was first built in 1924 and is 100 years old. The home has a total of 4 bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. The building has a total of 2 stories. In addition, 406 South Franklin Street has 1,440 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,450 ft and across the front of the lot is 500 ft. The area measurement of the land has been determined as 7,499 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Residents will have the luxury of enjoying both a unknown and a unknown. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with concrete control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of D by the local assessor. The building has a gable or hip style roof made of asphalt. The exterior walls of the building are made of shingles that aren't wood. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a forced air unit and being fueled with electricity. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 406 South Franklin Street was last sold in Sep 15, 2021 for $50,000. According to our calculations, that's $34.72 per sqft. Prior to that sales transaction, the property was sold for $29,800 in Nov 7, 2016. Current property owners are expected to pay $1,500 in taxes per year. The property on 406 South Franklin Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $60,164. To break that down further, the land itself was valued at $4,208. While improvements to the property were assessed at a total of $55,956. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1924
  • Effective Year Built: 1924
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Quality: D
  • Construction Type: Concrete
  • Exterior Walls Type: Single (not wood)
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Wood
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,499
  • Lot Size Depth Feet: 1,450
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,440
  • Gross Building Area: 1,440
  • Building Area: 1,440
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,440
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LIMETREE VILLAS
  • Land Acres: 0.172
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TOWN OF SEBRING 6TH ADD TB-PG 35 LOT 17 BLK 86

Ownership

  • Current Owner : NEGRON SANDRA FEIJOO
  • Current Owner 2: VILLARRUEL ERNESTO A
  • Previous Owner : SMITH JOSEPH ROYCE
  • Owner Before Previous Owner: SECRETARY OF HUD
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Jan 18, 2024

Neighborhood

  • School District Name: Highlands County School District
  • Census Tract: 961100

Zoning

  • Zoning: R3

Geography

  • Parcel: S-29-34-29-070-0860-0170
  • Block: 86
  • Lot: 17
  • Meridian: SEC 29 TWN 34S RNG 29E
  • Municipality: SEBRING CITY LIMITS
  • Latitude: 27.4904
  • Longitude: -81.4408

    Address

  • Full Address: 406 S Franklin St
  • Address - House Number: 406
  • Street Direction: S
  • Address - Street Name: Franklin
  • Address - Suffix Type: St
  • State: FL
  • City Name: Sebring
  • Carrier Code: C001
  • 4-Digit Zip Code: 3321
  • Zip Code: 33870

Valuation

    Tax

  • Total Area: 2,488
  • Tax Year: 2022
  • Tax Amount: $1,500
  • Tax Rate Code Area: 20

    Appraisal Valuation

  • Standard Deviation: 0.266
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 62
  • Final Value: 121,727
  • High Value: 154,109
  • Low Value: 89,345

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $48,000
  • First Open Lien Mortgage Lender: JOSEPH ROYCE SMITH
  • First Open Lien Mortgage Recording Date: Sep 16, 2021
  • First Open Lien Mortgage Loan Amount: $48,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Seller take-back
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2051
  • First Open Lien Mortgage Private Lender: T

    Market Valuation

  • Market Total Value: $60,164
  • Market Land Value: $4,208
  • Market Improvement Value: $55,956

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $60,164
  • Assessed Land Value: $4,208
  • Assessed Improvements Value: $55,956

    Sales

  • Current Sale Contract Date: Sep 15, 2021
  • Current Sale Recording Date: Sep 16, 2021
  • Current Sale Transaction ID: 11855801981
  • Current Sale Price: $50,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2054150
  • Previous Sale Recording Date: Nov 18, 2016
  • Previous Sale Contract Date: Nov 07, 2016
  • Previous Sale Amount: $29,800
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: JOSEPH ROYCE SMITH
  • First Mortgage Transaction Date: Sep 16, 2021
  • First Mortgage Loan Amount: $48,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Seller take-back
  • First Mortgage Loan Due Date: Oct 01, 2051

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Frequently Asked Questions

What neighborhood is 406 South Franklin Street located in?
The 406 South Franklin Street is a located in the neighborhood of Sebring in Sebring, Sebring.
What is the average sales price for listings in 406 South Franklin Street?
The average sales price for units in 406 South Franklin Street is $0 currently.

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