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508 East Lake Avenue

508 East Lake Avenue, Tampa, FL 33603
Sold May 19, 2021
$80,000
$204,000 by Commercial Lender Llc
Mortgage Due Jan 01, 2053
Sold Nov 21, 2020
$50,000
508 East Lake Avenue in Tampa, FL was first built in 1927 and is 97 years old. Although, the building on the property was most recently renovated and altered in 1994. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a unknown. It is a single story home. There are a total of 0 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 508 East Lake Avenue has 1,218 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 570 ft and the linear feet between the front and back of the lot is 1,350. In total, the area measurement of the land is 7,865 square feet.

Learn more about the property and building on this page. There is a open porch and a patio. The home has a gable or hip style roof made of asphalt. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as good. The exterior walls of the home are made of alum/vinyl siding. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. The property was last sold in May 7, 2021 for $80,000. That's $65.68 per sqft. Prior to that sales transaction, the property was also sold in Nov 10, 2020 for $50,000. 508 East Lake Avenue was last assessed in 2023. The total value of the property was assessed at $262,063. Specifically, the land the property is located on was valued at $93,133. While improvements on the property were assessed at a total of $168,930. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $5,119. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Vinyl Siding
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1927
  • Effective Year Built: 1994
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Building Quality: C
  • Construction Type: Wood
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Parking Space Count: 0
  • Patio Type: Patio
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 7,865
  • Lot Size Depth Feet: 1,350
  • Lot Size Frontage Feet: 570
  • Total Building Area: 1,218
  • Gross Building Area: 1,378
  • Building Area: 1,218
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,218
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: STRATFORD PLACE
  • Land Acres: 0.181
  • Standard Land Use Code: Single family residential
  • Legal Description 1: STRATFORD PLACE LOT 16 BLOCK 2

Ownership

  • Current Owner : DRAGON BAY CAPITAL LLC
  • Previous Owner : WOODRIDGE USA PROPERTIES LP
  • Owner Before Previous Owner: WELLS FARGO BANK NA
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Hillsborough County School District
  • Census Tract: 003000

Zoning

  • Zoning: RS-50

Geography

  • Assessors Map Reference: 94
  • Subdivision Tract Number: 4HG
  • Parcel: 167515-0000
  • Block: 2
  • Lot: 16
  • Meridian: SEC 12 TWN 29S RNG 18E
  • Municipality: TAMPA
  • Latitude: 27.9781
  • Longitude: -82.4545

    Address

  • Full Address: 508 E Lake Ave
  • Address - House Number: 508
  • Street Direction: E
  • Address - Street Name: Lake
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Tampa
  • Carrier Code: C009
  • 4-Digit Zip Code: 5833
  • Zip Code: 33603

Valuation

    Tax

  • Total Area: 1,258
  • Tax Year: 2023
  • Tax Amount: $5,119
  • Tax Rate Code Area: TA

    Appraisal Valuation

  • Standard Deviation: 0.1943
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 329,204
  • High Value: 393,196
  • Low Value: 265,212

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $204,000
  • First Open Lien Mortgage Lender: COMMERCIAL LENDER LLC
  • First Open Lien Mortgage Recording Date: Dec 08, 2022
  • First Open Lien Mortgage Loan Amount: $204,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2053

    Market Valuation

  • Market Total Value: $262,063
  • Market Land Value: $93,133
  • Market Improvement Value: $168,930

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $262,063
  • Assessed Land Value: $93,133
  • Assessed Improvements Value: $168,930

    Sales

  • Current Sale Contract Date: May 07, 2021
  • Current Sale Recording Date: May 19, 2021
  • Current Sale Transaction ID: 11836030154
  • Current Sale Price: $80,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 2021252374
  • Previous Sale Recording Date: Nov 21, 2020
  • Previous Sale Contract Date: Nov 10, 2020
  • Previous Sale Amount: $50,000
  • Previous Sale Document Type: Quit Claim Deed

    Last Sale Mortgage

  • First Mortgage Lender: BLUE BAY CAPITAL CORP
  • First Mortgage Transaction Date: May 19, 2021
  • First Mortgage Loan Amount: $84,000
  • First Mortgage Terms: 5
  • First Mortgage Loan Type: Balloon
  • First Mortgage Loan Due Date: Nov 01, 2021

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Frequently Asked Questions

What neighborhood is 508 East Lake Avenue located in?
The 508 East Lake Avenue is a house located in the neighborhood of Tampa Heights in Northeast Tampa, Tampa.
What is the average sales price for listings in 508 East Lake Avenue?
The average sales price for units in 508 East Lake Avenue is $0 currently.

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