397 Terrace Ave
Lake Alfred, FL 33850
3 bd 2 ba 964 sqft Built 1994 Lot 5,998 sqft single_family
Most recent sale
$110,000
Jan 16, 2024
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 3, 2024 | Sold | $228,000 | StellarMLS |
| Apr 10, 2024 | Listed | $235,000 | StellarMLS |
| Jan 16, 2024 | Sold | $110,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $94,512 | $9,597 | $104,109 | $1,160 |
| 2024 | $94,512 | $9,597 | $104,109 | $227 |
| 2022 | — | — | $34,706 | $192 |
| 2021 | — | — | $33,695 | $179 |
| 2020 | — | — | $33,230 | $170 |
| 2019 | — | — | $32,483 | $158 |
| 2018 | — | — | $31,877 | $146 |
| 2017 | — | — | $31,221 | $132 |
| 2016 | — | — | $30,579 | $120 |
| 2015 | — | — | $30,366 | $119 |
| 2014 | — | — | $30,125 | $115 |
| 2013 | — | — | $29,680 | $107 |
| 2012 | — | — | $29,184 | $95 |
| 2011 | — | — | $37,713 | $284 |
| 2010 | — | — | $53,484 | $583 |
| 2009 | — | — | $53,915 | $579 |
| 2008 | — | — | $53,861 | $579 |
| 2007 | — | — | $52,292 | $596 |
Property facts
Year built
1994
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
964 sqft
Lot size
5,998 sqft
ZIP code
33850
City
Lake Alfred
Street
Terrace Ave
Coordinates
28.07763, -81.73473
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$660
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 397 Terrace Ave last sell?
397 Terrace Ave most recently sold on Jan 16, 2024 for $110,000.
What is the current tax assessment for 397 Terrace Ave?
The most recent total assessment for 397 Terrace Ave (year 2025) is $104,109 with $1,160 in property tax.
How does 397 Terrace Ave's assessment compare to its last sale price?
The current assessment is 5.4% below the last sale price of $110,000.
When was 397 Terrace Ave built?
397 Terrace Ave was built in 1994.
How does 397 Terrace Ave compare to others on Terrace Ave?
We track 1 other property on Terrace Ave. Browse the list under "Other properties on Terrace Ave" to compare beds, baths, and sale history.
What are the property facts for 397 Terrace Ave?
397 Terrace Ave is a 3 bed, 2 bath, 964 sqft, 5,998 sqft lot single_family.
Is 397 Terrace Ave a flip candidate?
Yes — 397 Terrace Ave appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 397 Terrace Ave a tax-appeal candidate?
No — 397 Terrace Ave is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+3.1%
Implied 1-yr
+12.2%
2026 Q3
$386.3K
2026 Q4
$396.1K
ZIP 33850 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Terrace Ave