$599,000
$26K PRICE DROP

1 Wheel Place Palm Coast, FL 32164

Estimated payment $3,414/month

Total Views 10,820
6 Beds
4 Baths
2,622 Sq Ft
$228 Price per Sq Ft

Highlights

  • Living Room with Fireplace
  • Main Floor Primary Bedroom
  • Corner Lot
  • Cathedral Ceiling
  • Attic
  • No HOA

About This Home

One or more photo(s) has been virtually staged. We are pleased to present this investment opportunity in Flagler County. This duplex is 2,622 SF total and is located on an oversized 14,258 SF lot (.33 Acres). Currently tenant-occupied 6-12 month leases. You can rent out both units for the income or live on one side and rent the other. The duplex home also offers a unique opportunity for multigenerational living, perfect for accommodating extended family while maintaining privacy. The units are fully firewall separated to facilitate future splitting into separate deeded properties as desired. Each of the two units has 1,311 SF of living space along with a 499 SF two-car garage and a 158 SF covered and tiled lanai with ceiling fan. The floor plan features an open living area with cathedral ceilings (10'-13'), recessed lighting and a large ceiling fan. The units have eight-foot doors and ten-foot ceilings throughout with a tray ceiling in the master bedroom. Each bedroom includes an installed ceiling fan. The master bath has a cultured marble vanity top and a tiled walk-in shower with a glass enclosure. The second bath has a cultured marble vanity top and a tiled tub/shower. The kitchen is finished with quartz countertops and a tile backsplash. Appliances include a Samsung washer and dryer installed in the two-car garage. The garage also features an electric door opener, pull-down attic stairs and an epoxy-coated floor. The property is centrally located in Palm Coast with convenient access to Palm Coast Parkway, US-1 and Belle Terre Blvd and is within five miles of I-95.

Listing Agent

Carol Carroll

WATSON REALTY CORP License #3530074

WATSON REALTY CORP

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $842

Year Built

  • Built in 2023

Lot Details

  • 0.33 Acre Lot
  • Corner Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Duplex
  • Slab Foundation
  • Shingle Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,622 Sq Ft Home
  • Crown Molding
  • Tray Ceiling
  • Cathedral Ceiling
  • Ceiling Fan
  • Free Standing Fireplace
  • Decorative Fireplace
  • Sliding Doors
  • Living Room with Fireplace
  • Luxury Vinyl Tile Flooring
  • Attic

Kitchen

  • Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • 4 Bathrooms

Laundry

  • Laundry in Garage
  • Dryer
  • Washer

Outdoor Features

  • Exterior Lighting
  • Private Mailbox

Utilities

  • Central Air
  • Heat Pump System
  • Thermostat
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 4,052 Sq Ft Building
  • Built by Jerry Peterson Construction LLC
  • Palm Coast Sec 23 Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$842

Year Built

Built in 2023

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Condition: Completed
  • Property Sub Type: Duplex
  • Construction Materials: Block, Stucco
  • Fireplace: Yes
  • Living Area: 2622
  • Lot Size Acres: 0.33
  • New Construction: No
  • Year Built: 2023
  • Building Area Total: 4052
  • Lot Size Sq Ft: 14291
  • Directions to Property: Belle Terre Pkwy to Whiteview Pkwy to Whipporwill Dr to Wheatfield Dr to Wheel Place
  • Status: Active
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: Owner
  • Available for Lease YN: 1
  • Escrow City: Palm Coast
  • Escrow Postal Code: 32164
  • Escrow State: FL
  • Escrow Street Name: City Place, Suite 301-A
  • Escrow Street Number: 145
  • List Office Head Office Key Nume: 579203013
  • Minimum Lease: No Minimum
  • RATIO Current Price By Calculate: 228.45
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number YN: 0
  • Water Access YN: 0
  • Permit Number: 2021110240
  • Tax Year: 2023
  • Special Features: 4098

Interior Features

  • Fireplace Features: Decorative, Free Standing, Living Room
  • Living Area Units: Square Feet
  • Flooring: Luxury Vinyl
  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fans(s), Crown Molding, High Ceilings, Primary Bedroom Main Floor, Thermostat, Tray Ceiling(s), Walk-In Closet(s)
  • Appliances Included: Dishwasher, Disposal, Dryer, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 6
  • Levels: One
  • Street Number Modifier: 1
  • ResoLivingAreaSource: Owner
  • Additional Rooms: Attic
  • Living Area Meters: 243.59

Exterior Features

  • Exterior Features: Lighting, Private Mailbox, Sidewalk, Sliding Doors
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Asphalt
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0
  • Flood Zone Date: 2018-06-06
  • Flood Zone Panel: 12035C0138E

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Garage Spaces: 2
  • Garage Spaces: 2

Utilities

  • Utilities: Cable Available, Electricity Available, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Electric, Heat Pump
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Individually Metered: Cable,Electric,Sewer,Water

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 0
  • Development: Not Assigned

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Lot Info

  • Zoning: DPX
  • Parcel Number: 07-11-31-7023-00520-0240-2
  • Additional Parcels: No
  • Lot Features: Corner Lot
  • Flood Zone Code: X
  • Homestead YN: 0
  • Lot Size Square Meters: 1328

Green Features

  • Green Verification Count: 0

Building Info

  • Builder Name: Jerry Peterson Construction LLC

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Lease Restrictions YN: 0

Multi Family

  • Number Of Units Total: 2
  • Total Num Buildings: 1
  • Unit Count: 2

Tax Info

  • Tax Annual Amount: 842
  • Tax Block: 52
  • Tax Book Number: 224/633
  • Tax Lot: 24

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $843 $403,605 $44,500 $359,105
2023 $843 $45,500 $45,500 $0
2022 $875 $46,000 $46,000 $0
2021 $386 $24,500 $24,500 $0
2020 $349 $21,000 $21,000 $0
2019 $321 $19,000 $19,000 $0
2018 $284 $15,200 $15,200 $0
2017 $248 $12,150 $12,150 $0
2016 $242 $11,713 $0 $0
2015 $234 $10,648 $0 $0
2014 $210 $10,800 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/02/2024 06/02/24 For Rent $2,000 0.0% --
04/13/2024 04/13/24 Price Changed $599,000 -4.2% $228 / Sq Ft
04/02/2024 04/02/24 For Sale $625,000 +941.7% $238 / Sq Ft
04/26/2021 04/26/21 Sold $60,000 -7.7% --
04/01/2021 04/01/21 Pending -- -- --
03/04/2021 03/04/21 For Sale $65,000 -- --
Source: Stellar MLS

Deed History

Date Type Sale Price Title Company
Quit Claim Deed $50,000 Covenant Closing & Title Servi
Warranty Deed $60,000 Flagler County Abstract Co
Warranty Deed $63,000 Watson Title Services Inc
Quit Claim Deed $6,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $115,000 New Conventional
Previous Owner $310,000 Construction
Source: Public Records

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Source: Stellar MLS

MLS Number: FC299430

Stellar MLS

APN: 07-11-31-7023-00520-0240