Neighborhood
7423 Loblolly Bay Trl, Lakewood Ranch, FL 34202
3 beds · 2 baths · 2,014 sq ft · Lot: 9,017 sq ft · Single Family Home · Last Sold: $240K in 2012 · Built: 2000
Est. Value:
$469K
Est. Rent:
$3.5K/month

7423 Loblolly Bay Trl Lakewood Ranch, FL 34202

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3 beds · 2 baths · 2,014 sq ft · Lot Size: 9,017 sq ft · Single Family Home · Riverwalk
Est. Property Value: $469,234

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7423 Loblolly Bay Trl is in the Riverwalk neighborhood of Lakewood Ranch, FL. It is located in Manatee County and ZIP code 34202. This Single Family Home was built in 2000 and is approximately 25 years old. The single family home spans 2014 sq ft with 3 bedrooms and 2 bathrooms and sits on a 9017 sq ft lot. According to public records, it was last sold in 2012 for $240,000 and has a tax-assessed value of $493,244, which is $233 per sq ft. The Riverwalk area of Lakewood Ranch has 189 residential homes with an average size of 2029 sq ft. Analyze and compare real estate investment strategies for properties like this home at 7423 Loblolly Bay Trl Lakewood Ranch, FL 34202 with Property Intel by Whitepages.

Investment Potential for 7423 Loblolly Bay Trl

The property has a current estimated value of $469,234, which is 12% above the neighborhood median, based on public records. It last sold on July 24, 2012 for $240K. Projected long-term
is $42,000 annually ($3,500 per month) with a 81% occupancy rate.

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Long-Term

Gross Rental
$42,000 per year($3,500 per month)
Net Operating Income
Cap Rate
Occupancy Rate
81%in 34202 zip code
 
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Owners & Occupancy for 7423 Loblolly Bay Trl

This property is owned by Carol N Higgins. Owner contact information includes 7 phone numbers and 3 email addresses.

Property Owners

Cell Phone(315) ***-****View Cell Phone
Residence****************
Landline(928) 526-9101
Distance from Property**********
Email Address*****@higginsc.comView Email

Property Ownership Information

Purchase DateJuly 24, 2012
Property Tax Amount$7,952 in 2024
Purchase Price$240,000

Occupancy

Resident 1**************** age 58

Property Details for 7423 Loblolly Bay Trl

Property Details

Property Sq Ft

Living Area

2,014 sq ft

1% below market

Lot Size

9,017 sq ft

8% above market

Price Per Sq Ft

Living Area

$233 / sq ft

13% above market

Lot Size Area

$52 / sq ft

2% below market

Property condition, age, exterior, etc. for 7423 Loblo…
Longitude: -82.430926 Latitude: 27.407841 Parcel Number (APN): 5841-7355-9…
Mortgage originated on through lender: Iberiabank Mtg for$******View Mortgage Details
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Market Benchmarks

Compare data for 7423 Loblolly Bay Trl in Manatee County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$469,234
$352,849
$116,384 (33%)
$469,783
$188,076 (40%)
YoY Price Change
1.8%
33%
Year Built
2000
1990
10 years
Living Space
2,014 sq ft
1,630 sq ft
384 (24%)
$ Per Living Sq Ft
$233
$217
$16 (8%)
Lot Size
9,017 sq ft
9,599 sq ft
-582 (-6%)
$ Per Lot Sq Ft
$52
$40
$12 (29%)

Net Operating Income
$19,987
$5,022 (25%)
Annual Revenue
$42,000
$29,400
$12,600 (43%)
$9,588
$7,403 (77%)
Net Operating Income
$19,987
$5,022 (25%)
Cap Rate
5.67%
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

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