1 year on rocket

1956 SE Cherry Dr, Arcadia, FL, 34266

$2,399,000

Home List Price

$10,000*

Closing Credit

0 Baths
1,875 SqFt
$1,279/SqFt
Multi
Schools Nearby

Location

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1956 SE Cherry Dr, Arcadia$2,399,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
Year Built1985
HeatingCentral
CoolingCentral Air
MLS #C7467851
Lot Size1.96 Acres
StatusActive

About 1956 SE Cherry Dr

5 INCOME DUPLEX with 10 TOTAL UNITS, almost 2 ACRES OF LAND, in the GREAT COMMUNITY of FOREST PINE ESTATES! This profitable rental property is FULLY LEASED. All units have a Range, Refrigerator, and Microwave along with central air conditioning. Tenants are responsible for electricity, general maintenance, and water. Three of the five duplexes were built in 2015. Even more, the two duplexes built in 1985 have newer METAL ROOFS plus the vacant land behind the 2 duplexes is cleared and is perfectly buildable land. Both properties are in excellent condition with city water, but NO CITY TAXES. The property is close to great schools, and near town with the best shopping and entertainment that Arcadia has to offer. A full breakdown of property tax, insurance, and income is attached to the listing! This property currently has a cap rate of almost 8%. This is a PHENOMENAL INVESTMENT OPPORTUNITY! Schedule your showing today!

Property Details

Property Features

Property Information:

  • Year Built: 1985
  • Living Area: 1,875 SqFt

Listing Office:

  • Office Name: SELLSTATE VISION REALTY
  • Office Phone: (941) 807-4304
  • Listing Agent: Savannah Sheppard

Interior Features

Interior Information:

  • Appliances: Microwave, Range, Refrigerator
  • Interior: Primary Bedroom Main Floor, Thermostat

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Lighting

Virtual/3D Tour

  • Virtual Tour: 1956 SE Cherry Dr

Virtual Tour

Lot Features

Lot Information:

  • Lot Size: 1.96 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Desoto County High School, Public District Grades 9-12
  • Desoto Middle School, Public District Grades 6-8
  • Nocatee Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: Turn right onto Hwy 17 N/E Olympia Ave Continue to follow Hwy 17 N 20.3 mi Turn right onto Co Rd 760A 2.8 mi Turn left onto SE Airport Rd 3.2 mi 1956 SE Airport Rd, Arcadia, FL 34266

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,399,000
  • Price Per SqFt: $1,279/SqFt

Tax Information:

  • Annual Amount: $4,970
  • Tax Year: 2020
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Housing Market Comparison

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

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Arcadia, FL

City

Med. Sold Price

$245K

Med. Price/SqFt

$182

Avg. Days On Market

70

# of Sold Homes

19

1956 SE Cherry Dr vs Arcadia

521 DAYS ON ROCKET

+451 Days

$2,399,000

+$2.1M More

$1,279/SqFt

+$1K More

KEY TAKEAWAY

This property is $2.1M more than the Median Sold Price and $1K/SqFt more than other homes in Arcadia, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #C7467851

Listing Office:

  • Office Name: SELLSTATE VISION REALTY
  • Office Phone: (941) 807-4304
  • Listing Agent: Savannah Sheppard

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.

Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.

Last updated on: 5/4/2024, 8:19:32 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

Aug 16, 2011Home Sold
$108,000

Tax History

YEARPROP. TAXASSESSMENT
2020$4,970$225,440
2019$4,629$150,853
2018$3,833$196,925
2017$3,508$150,595

History based on county public records data.

Payment Calculator

$12K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,259

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.

Elementary School

school-card-donut-6174125
2
/10

  • Nocatee Elementary School

  • 4846 Sw Shores Ave

  • 4.24 miles

  • Public District Grades KG-5

Middle School

school-card-donut-6174126
2
/10

  • Desoto Middle School

  • 420 E Gibson St

  • 1.61 miles

  • Public District Grades 6-8

High School

school-card-donut-6174127
1
/10

  • Desoto County High School

  • 1710 E Gibson St

  • 1.56 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $29,236. Residents of Arcadia, FL typically earn less than $35k each year. The majority of families are 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›DeSoto County›Arcadia›34266›1956 SE Cherry Dr

This home is located at 1956 SE Cherry Dr in Arcadia, FL and zip code 34266. This 1,875 square foot home, which was built in 1985, sits on a 1.96 acre lot. It has been listed on Rocket Homes since November 30, 2022 and is currently priced at $2,399,000.

Over 3 listings were sold over their listed price in April 2024 in Arcadia, FL. In the same period over 15 listings were sold below the listed price and 1 listings were sold for the listed price. In April 2024 in Arcadia, FL there were 8% less homes for sale than in March 2024. The median list price of listings available in April 2024 was $245,000, while the average time on the real estate market was 70 days.

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

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