x
Address
314 E MAGNOLIA STREET E Arcadia, FL
Price
$ 89,388
Property Attributes
  • MLS#A4436958
  • TypeSingle Family
  • CountyDESOTO
  • CityArcadia
  • AreaArcadia
  • NeighborhoodOriginal Surv-Arcadia
  • Zip34266
  • StyleTraditional
  • Year Built1938
  • Taxes550
  • Price$ 89,388
  • Bedrooms3
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage3274
  • Lot Size0.82 Acres
Listing Provided Courtesy Of:
CENTURY 21 SCHMIDT REAL ESTATE
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.

Elementary School Middle School High School
Memorial Elementary School DeSoto Middle School DeSoto County High School
Price History
5/28/2019 Listed $89,388

General Features

Accessibility Accessible Bedroom, Accessible Doors
Elementary School Memorial Elementary School
High School DeSoto County High School
Homestead Yes
Levels Two
MLS Area 34266 - Arcadia
Middle/Junior School DeSoto Middle School
Property Description Corner Unit
Property SubType Single Family Residence
Property Type Residential
Subdivision Name ORIGINAL SURV/ARCADIA
Terms Cash
Township 37
Zoning R-1C

Interior Features

Additional Rooms Family Room, Formal Living Room Separate
Appliances Range, Refrigerator, Washer
Cooling None
Fireplace Features Wood Burning
Fireplace Y/N Yes
Flooring Linoleum
Heating None
Interior Features Eating Space In Kitchen
Laundry Features Outside
Utilities Cable Available, Electricity Connected

Exterior Features

Architectural Style Traditional
Construction Materials Siding, Wood Frame, Wood Siding
Exterior Features Sidewalk
Foundation Details Crawlspace
Lot Features Corner Lot
Lot Size Acres 0.82
Lot Size Square Feet 35893
Parking Features Off Street
Patio/Porch Features Covered, Front Porch
Roof Shingle
Sewer Public Sewer
Vegetation Wooded

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 34266

Price
AVG $390K
$90K
Taxes
AVG $2,178
$550
Visits
AVG 48
129
Year Built
AVG 1977
1938

Looking for more comfortable experience?

Check out our mobile application and browse the properties as no other.

Areas We Cover