14 days on rocket

1001 Lake Palms Dr, Largo, FL, 33771

$451,500

Home List Price

$5,362*

Closing Credit

0 Baths
1,846 SqFt
$245/SqFt
Multi

Location

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1001 Lake Palms Dr, Largo$451,500

Buyer Closing Credits

$5,362*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
Year Built1973
HeatingCentral
CoolingCentral Air
MLS #TB8324870
Lot Size0.19 Acres
StatusActive

About 1001 Lake Palms Dr

Income-Generating Duplex for Sale in Desirable Largo, FL Investors, take note! This well-maintained duplex in the heart of Largo, Florida, offers a fantastic opportunity to own a fully-rented property in a quiet, established neighborhood. Both units are currently leased, providing immediate rental income and the potential for long-term cash flow. Property Features: Fully Rented: Both 2-bedroom, 1-bathroom units are currently leased with reliable tenants, ensuring steady rental income from day one. Well-Maintained: Both units feature updated flooring, fresh paint, and functional kitchens, making them move-in ready and easy to manage. Prime Location: Situated in a peaceful residential area, this duplex is close to major roadways, shopping, dining, schools, and just a short drive from the Gulf beaches. Low Maintenance: With long-term tenants in place, this property offers a low-maintenance investment with minimal turnover and management. Ample Parking: Each unit has its own parking space, with additional parking available for guests. Spacious Outdoors: Both units enjoy access to a large backyard, providing plenty of room for outdoor enjoyment. This turnkey duplex is perfect for investors seeking a solid addition to their portfolio, offering consistent income and minimal hassle. The location in Largo, a growing and desirable area, makes it even more appealing for both current and future tenants. Don’t miss this opportunity! Contact us today for more details or to schedule a private showing. Please note: this is one of 4 units for sale by the owner: 914, 926, 1001, and 1005 Lake Palms! Seller would prefer to sell all of her duplexes as a package: TB8324930, TB8324881, TB8324870, TB8324856, TB8324819

Property Details

Property Features

Property Information:

  • Year Built: 1973
  • Living Area: 1,846 SqFt

Listing Office:

  • Office Name: CENTURY 21 RE CHAMPIONS
  • Office Phone: (727) 398-2774
  • Listing Agent: Kathryn Larkin

Interior Features

Interior Information:

  • Interior: Ceiling Fans(s)

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Other

Virtual/3D Tour

  • Virtual Tour: 1001 Lake Palms Dr
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Lot Features

Lot Information:

  • Lot Size: 0.19 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: From the intersection of East Bay Drive and Fulton St., right on Fulton to right on Lake Ave., S. E. Follow Lake around to the south, where it becomes Lake Palms Drive. Continue on Lake Palms to address on left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $451,500
  • Price Per SqFt: $245/SqFt

Tax Information:

  • Annual Amount: $3,229
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Largo, FL.

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Largo, FL

City

Med. Sold Price

$349.9K

Med. Price/SqFt

$273

Avg. Days On Market

61

# of Sold Homes

81

1001 Lake Palms Dr vs Largo

14 DAYS ON ROCKET

-47 Days

$451,500

+$101.5K More

$245/SqFt

-$28 Less

KEY TAKEAWAY

This property is $101.5K more than the Median Sold Price and $28/SqFt less than other homes in Largo, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #TB8324870

Listing Office:

  • Office Name: CENTURY 21 RE CHAMPIONS
  • Office Phone: (727) 398-2774
  • Listing Agent: Kathryn Larkin

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/11/2024, 3:20:00 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 14, 2017Home Sold
$154,063
Jun 02, 2005Home Sold
$186,700
Apr 29, 2003Home Sold
$133,000

Tax History

YEARPROP. TAXASSESSMENT
2020$3,229$161,760
2019$2,946$143,956
2018$2,709$130,869
2017$2,156$108,780

History based on county public records data.

Payment Calculator

$2,321

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,420

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1708434
7
/10

  • Frontier Elementary

  • 6995 Hopedale Ln

  • 1.23 miles

  • Public District Grades PK-5

school-card-donut-1708435
7
/10

  • Fuguitt Elementary

  • 13010 101st St

  • 1.75 miles

  • Public District Grades PK-5

school-card-donut-1708436
6
/10

  • Belcher Elementary

  • 2215 Lancaster Dr

  • 1.77 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $32,882. The majority of Largo, FL residents have income less than $35k annually. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Pinellas County›Largo›33771›1001 Lake Palms Dr

This home is located at 1001 Lake Palms Dr in Largo, FL and zip code 33771 in the Largo Paradise Island neighborhood. This 1,846 square foot home, which was built in 1973, sits on a 0.19 acre lot. It has been listed on Rocket Homes since November 27, 2024 and is currently priced at $451,500.

While more than 10 listings in Largo, FL in November 2024 were sold above asking price, there were more than 16 listings sold at asking price, and more than 55 were sold below. The number of listings in Largo, FL increased by 7% between October 2024 and November 2024. The median list price of listings available in November 2024 was $349,990, while the average time on the real estate market was 61 days.

From Rocket Homes Real Estate and based on county public records data.

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