$40,000
$89,388
55.3%For more information regarding the value of a property, please contact us for a free consultation.
314 E MAGNOLIA ST E Arcadia, FL 34266
3 Beds
2 Baths
3,274 SqFt
Key Details
Sold Price $40,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 3,274 sqft
Price per Sqft $12
Subdivision Original Surv/Arcadia
MLS Listing ID A4436958
Sold Date 10/01/19
Bedrooms 3
Full Baths 2
Construction Status Inspections
HOA Y/N No
Year Built 1938
Annual Tax Amount $550
Lot Size 0.820 Acres
Acres 0.82
Property Description
Unique opportunity! Original 1938 home + 5 contiguous lots in downtown historical district of Arcadia. Home is in disrepair. There's visible issues w/water entry from roof damage in 2 rooms. There's termite damage present but confined to the softwood furniture and not the hardwood structure itself. The photos here indicate the current condition. There's much that will need to be removed before repair can commence but the structural integrity of the main floor plan under the two story portion including the attic fan and crawlspaces has minor to minimal damage. The side rooms away from the center structure are where the water damage exists. Previous owner left it in deteriorating condition but there's much evidence this home can be restored to livable condition with considerable work. The historical status district rules dictate the home cannot be removed and replaced with another type of structure. However, deed indicates that the other 5 lots can be subdivided and built upon separately. Interested buyers advised to contact the city on what this would entail. The home was built for Eugene Wey the cities original physician and his family. They and his son Jacob Wey the cities first pharmacist resided there until ownership passed to his sons Richard and Robert. Robert's heirs estate have offered it for sale and hope to see it restored to its former granduer. Home is available to be shown but only by licensed buyer representative or listing agents. Please call to arrange viewings.
Location
State FL
County Desoto
Community Original Surv/Arcadia
Zoning R-1C
Direction E
Rooms
Other Rooms Family Room, Formal Living Room Separate
Interior
Interior Features Eat-in Kitchen
Heating None
Cooling None
Flooring Linoleum
Fireplaces Type Wood Burning
Fireplace true
Appliance Range, Refrigerator, Washer
Laundry Outside
Exterior
Exterior Feature Sidewalk
Parking Features Off Street
Utilities Available Cable Available, Electricity Connected
Roof Type Shingle
Porch Covered, Front Porch
Garage false
Private Pool No
Building
Lot Description Corner Lot
Story 2
Entry Level Two
Foundation Crawlspace
Lot Size Range 1/2 Acre to 1 Acre
Sewer Public Sewer
Water Public
Architectural Style Traditional
Structure Type Siding,Wood Frame,Wood Siding
New Construction false
Construction Status Inspections
Schools
Elementary Schools Memorial Elementary School
Middle Schools Desoto Middle School
High Schools Desoto County High School
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition None
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