NOT LISTED FOR SALE

1005 Down Dr Windermere, FL 34786

Estimated Value: $1,002,000 - $4,212,000

0.7 Acre
$3,724,286 Price per Acre
30,492 Sq Ft Lot

Last Sold September 28, 2020

Last sale price $550,000

Est. 374% increase in value since last sale

Current estimated payment $14,544/month

152 Days on Market

Highlights

  • Waterfront Community
  • Public Boat Ramp
  • Gated Community
  • Windermere Elementary School Rated A
  • Access To Chain Of Lakes
  • Security Service

About This Lot

As of September 2020

Beautiful homesite ready for building in this 24-hour virtual “guard” gated Town of Windermere neighborhood. Perfectly situated on the shores of Lake Down of the famed Butler Chain of Lakes. Only ten brand new custom homes will be built with five interior and five lakefront homesites. Location offers easy access to downtown Windermere, Orlando’s famed attractions, restaurants, shopping, golf-and other recreation venues. Initial plans from Element Home Builders for the interior lots provide boat storage garages for quick access to Lake Down via the boat ramp located just outside of the community. Sale is subject to construction contract with Element Home Builders - Model home is open daily in nearby neighborhood. Element has existing plans to choose from or they can custom design one to accommodate your needs and budget. Minumum square footage for interior lots is 4,000 and lakefront is 5,000. House images shown are other Element Home Builders projects.

Last Agent to Sell the Property

Matt Tomaszewski

CORCORAN PREMIER REALTY License #3014560 Listed on: 01/15/2020

CORCORAN PREMIER REALTY

Co-Listed By

Chocky Burks

CORCORAN PREMIER REALTY License #496144

Last Buyer's Agent

Tony Davids

TONYDAVIDSHOMES.COM, LLC License #3060484

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,429

Lot Details

  • 0.7 Acre Lot
  • Lot Dimensions are 133x233x133x222

HOA Fees

  • $385 Monthly HOA Fees

Utilities

  • High Speed Internet
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 09-23-28-7496-00-070

Community Details

Overview

  • Association fees include 24-hour guard, private road, security
  • Lake Down Reserve HOA, Phone Number (407) 654-8334
  • Lake Down Reserve Subdivision
  • The community has rules related to deed restrictions, allowable golf cart usage in the community

Recreation

  • Public Boat Ramp
  • Waterfront Community
  • Access To Chain Of Lakes
  • Limited Water Access

Security

  • Security Service
  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$2,429

Lot Details

0

HOA Fees

$385 per month

Listing Details

  • HOA Fee Includes: 24-Hour Guard, Private Road, Security
  • Property Type: Land
  • Lot Size Acres: 0.7
  • Lot Size Sq Ft: 30624
  • Status: Sold
  • Total Acreage: 1/2 to less than 1
  • Ratio: Close Price\List Price: 1.11111
  • Price per Sq Ft: 17.96
  • Close to Original List Price Ratio: 1.11111
  • View: No
  • Co List Office Mls Id: 261010505
  • Co List Office Phone: 407-965-1155
  • Ownership: Fee Simple
  • Tax Year: 2019
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Interior Features

  • Living Area Units: Square Feet

Exterior Features

  • Waterfront: No
  • Water Access: Lake - Chain of Lakes, Limited Access
  • Water View Y N: No
  • Front Footage: 133
  • Water Access Y N: Yes
  • Water Extras Y N: No
  • Flood Zone Panel: 12095C0385F

Garage/Parking

  • Open Parking: No

Utilities

  • Utilities: BB/HS Internet Available, BB/HS Internet Capable, Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Deed Restrictions, Gated Community, Golf Carts OK, Public Boat Ramp, Waterfront
  • Association Amenities: Gated, Security
  • Association Fee: 385
  • Association Fee Frequency: Monthly
  • Association Name: Lake Down Reserve HOA
  • Phone: 4076548334
  • Association: Yes
  • Association Fee Requirement: Required

Fee Information

  • Total Annual Fees: 4620
  • Monthly HOA Fee: 385
  • Total Monthly Fees: 385

Lot Info

  • Zoning: SFR
  • Parcel Number: 09-23-28-7496-00-070
  • Additional Parcels: No
  • Current Use: Residential
  • Lot Dimensions: 133x233x133x222
  • Price Per Acre: 785714
  • Flood Zone Code: X
  • Flood Zone Date: 2009-09-25
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes
  • For Lease Y N: No
  • Pet Restrictions: Per Lake Down Reserve HOA and County

Tax Info

  • Tax Annual Amount: 2429.01
  • Tax Block: 0
  • Tax Book Number: 0
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2020
Closed on
Sep 28, 2020
Sold by
Wld Holdings Llc
Bought by
Syed Shakeel and Amrin Saba
Seller's Agent
Matt Tomaszewski
CORCORAN PREMIER REALTY
Buyer's Agent
Tony Davids
TONYDAVIDSHOMES.COM, LLC
List Price
$495,000
Sold Price
$550,000
Premium/Discount to List
$55,000
11.11%
Current Estimated Value
$2,607,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,057,000
Avg. Annual Appreciation
33.83%

Purchase Details

Closed on
Oct 9, 2019
Sold by
Ewald Robert H
Bought by
Wld Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Interest Rate
3.5%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Syed Shakeel $550,000 Premier Title Ins Co Llc
Wld Holdings Llc $1,980,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wld Holdings Llc $1,300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/28/2020 09/28/20 Sold $550,000 +11.1% --
06/15/2020 06/15/20 Pending -- -- --
01/15/2020 01/15/20 For Sale $495,000 -- --
Source: Stellar MLS

Tax History Compared to Growth

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
2025 $7,465 $450,000 $450,000 --
2024 $6,955 $450,000 $450,000 --
2023 $6,955 $450,000 $450,000 $0
2022 $6,974 $450,000 $450,000 $0
2021 $7,110 $450,000 $450,000 $0
2020 $2,294 $150,000 $150,000 $0
2019 $2,429 $150,000 $150,000 $0
2018 $2,460 $150,000 $150,000 $0
2017 $2,414 $150,000 $150,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: O5837029

Stellar MLS

APN: 09-2328-7496-00-070