NOT LISTED FOR SALE

1029 E 5th Ave Mount Dora, FL 32757

Mount Dora Area

Estimated Value: $861,000 - $1,213,000

7 Beds
6 Baths
6,750 Sq Ft
$163/Sq Ft Est. Value

Sale Details

Date Sold: July 15, 2022

Last sale price $1,250,000 $185 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $7,079 / mo

58 Days on Market

Highlights

  • 1.02 Acre Lot
  • High Ceiling
  • Covered Patio or Porch
  • Wood Flooring
  • No HOA
  • Circular Driveway

About This Home

As of July 2022

9.95% CAP RATE!!! THE HISTORIC HEIRLOOM ESTATE...UNIQUELY GORGEOUS SHORT-TERM/VACATION INCOME PROPERTY featuring NINE (9) SUITES, EACH WITH THEIR OWN BATHROOM, as well MULTIPLE LARGE COMMON SPACES for guests to enjoy! ***CHECK OUT ALL PHOTOS for WONDERFUL SURPRISES found on this property! *** This property is a significant piece of Mount Dora history that sits on just over an acre and is walking distance to the very popular Mount Dora Historic District. The first floor of the main house offers two guest suites and boasts a welcome area with large common rooms for lounging and dining, main kitchen and storage. Up the beautiful staircase is three multi-room suites, two with shared balcony access. The separate carriage house behind the main house has a total of four efficiency apartments, three downstairs (each with a private patio) and one upstairs (with a full kitchen), all with private entrances. The large property, with screened gazebo, generous parking, numerous amenities, and quiet places to relax will provide many options for holding special events throughout the year as well as accommodating targeted events and weekends for the numerous artists, musicians, nature enthusiasts, and other visitors that Mount Dora attracts. This is a TURNKEY business opportunity that includes the equipment and furnishings.

Last Agent to Sell the Property

Elizabeth Downes

HEIRLOOM REALTY INTERNATIONAL License #3238375 Listed on: 04/06/2022

Co-Listed By

Dan Conlon

HEIRLOOM REALTY INTERNATIONAL License #3416397

Last Buyer's Agent

Elizabeth Downes

HEIRLOOM REALTY INTERNATIONAL License #3238375 Listed on: 04/06/2022

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,301

Year Built

  • Built in 1877

Lot Details

  • 1.02 Acre Lot
  • Lot Dimensions are 159x284

Home Design

  • Bi-Level Home
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 6,750 Sq Ft Home
  • Built-In Features
  • Crown Molding
  • High Ceiling
  • Ceiling Fan
  • Window Treatments
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Cooktop with Range Hood
  • Microwave
  • Ice Maker
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 2 Carport Spaces
  • Circular Driveway
  • Guest Parking
  • Open Parking

Outdoor Features

  • Balcony
  • Covered Patio or Porch
  • Outdoor Storage

Location

  • City Lot

Utilities

  • Mini Split Air Conditioners
  • Central Heating and Cooling System
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 9 Units
  • 7,964 Sq Ft Building
  • Marathon Subdivision

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 29-19-27-0020-000-00100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,301

Year Built

Built in 1877

Lot Details

1.02 Acres

Listing Details

  • Property Type: Residential Income
  • Property Condition: Completed
  • Property Sub Type: Multi-Family
  • Construction Materials: Vinyl Siding, Wood Frame
  • Fireplace: No
  • Living Area: 6750
  • Lot Size Acres: 1.02
  • New Construction: No
  • Year Built: 1877
  • Building Area Total: 7964
  • Lot Size Sq Ft: 44304
  • Status: Sold
  • Street Direction: E
  • Homestead Y N: No
  • Total Acreage: 1 to less than 2
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 1
  • Price per Sq Ft: 185.19
  • Close to Original List Price Ratio: 1
  • Ratio: Current Price\Building Area Total: 156.96
  • View: No
  • Co List Office Mls Id: 260504348
  • Co List Office Phone: 352-720-5962
  • Ownership: Fee Simple
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Tile, Vinyl, Hardwood
  • Interior Amenities: Built in Features, Ceiling Fans(s), Crown Molding, Eating Space In Kitchen, High Ceiling(s), Window Treatments
  • Appliances Included: Built-In Oven, Cooktop, Dishwasher, Dryer, Ice Maker, Microwave, Range Hood, Refrigerator, Washer
  • Foundation Details: Crawlspace
  • Levels: Two
  • Number Of Buildings: 2

Exterior Features

  • Exterior Features: Balcony, Sidewalk, Storage
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Patio and Porch Features: Covered, Patio, Porch, Rear Porch, Screened, Side Porch
  • Road Surface Type: Asphalt
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No

Garage/Parking

  • Carport Spaces: 2
  • Carport Y N: Yes
  • Garage Yn: No
  • Parking Features: Circular Driveway, Driveway, Guest, Open
  • Covered Parking Spaces: 2
  • Open Parking: Yes

Utilities

  • Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Sewer Connected, Water Connected
  • Cooling: Central Air, Mini-Split Unit(s)
  • Heating: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Security: Fire Alarm
  • Senior Community: No

Lot Info

  • Zoning: R-2
  • Parcel Number: 29-19-27-0020-000-00100
  • Additional Parcels: No
  • Lot Features: City Lot
  • Lot Dimensions: 159x284
  • Flood Zone Code: X

Multi Family

  • Number Of Units Total: 9

Tax Info

  • Tax Annual Amount: 10300.52
  • Tax Block: 000
  • Tax Book Number: 61-72
  • Tax Lot: 1

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2022
Closed on
Jul 15, 2022
Sold by
Bought by
Seller's Agent
Elizabeth Downes
HEIRLOOM REALTY INTERNATIONAL
Buyer's Agent
Elizabeth Downes
HEIRLOOM REALTY INTERNATIONAL
List Price
$1,250,000
Sold Price
$1,250,000
Current Estimated Value
$1,102,595

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$147,405
Avg. Annual Appreciation
-3.05%
Original Mortgage
$160,000
Interest Rate
5.09%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 29, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
3.01%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Dec 28, 2012
Sold by
Bought by

Purchase Details

Listed on
Apr 18, 2012
Closed on
Aug 31, 2012
Sold by
Bought by
Seller's Agent
Denise Pierce
WAGNER REALTY
Buyer's Agent
Carroll Jaskulski
ERA GRIZZARD REAL ESTATE
List Price
$445,000
Sold Price
$445,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.73%
Original Mortgage
$378,250
Interest Rate
3.58%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 16, 2012
Sold by
Bought by

Purchase Details

Closed on
Apr 3, 2012
Sold by
Bought by

Purchase Details

Closed on
Dec 28, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
6.05%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Mount Dora, FL

  • Nader Alhawamdeh Real Estate Agent - TURBO REAL ESTATE GROUP LLC

    Nader Alhawamdeh

    TURBO REAL ESTATE GROUP LLC

    (240) 851-4612

    33 Total Sales

    2 in Mount Dora

    $431K - $443K Price Range

    Nader Alhawamdeh
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  • Steven Horner Real Estate Agent - RE/MAX PRIME PROPERTIES

    Steven Horner

    RE/MAX PRIME PROPERTIES

    (321) 617-5624

    228 Total Sales

    5 in Mount Dora

    $232K - $1.3M Price Range

    Steven Horner
     Section Image
  • Bethany Burge-Bosbous Real Estate Agent - COLDWELL BANKER VANGUARD LIFESTYLE REALTY

    Bethany Burge-Bosbous

    COLDWELL BANKER VANGUARD LIFESTYLE REALTY

    (689) 400-6550

    83 Total Sales

    4 in Mount Dora

    $262K - $850K Price Range

    Bethany Burge-Bosbous
     Section Image
  • Michelle Chase Real Estate Agent - HOME WISE REALTY GROUP, INC.

    Michelle Chase

    HOME WISE REALTY GROUP, INC.

    (321) 340-7055

    84 Total Sales

    2 in Mount Dora

    $400K - $553K Price Range

    Michelle Chase
     Section Image
  • William Grim, III Real Estate Agent - RE/MAX ASSURED

    William Grim, III

    RE/MAX ASSURED

    (855) 551-2525

    174 Total Sales

    1 in Mount Dora

    $410,490 Price

    William Grim, III
     Section Image
  • Stacey Purcell Real Estate Agent - GULFPORT REALTY

    Stacey Purcell

    GULFPORT REALTY

    (727) 610-2620

    103 Total Sales

    2 in Mount Dora

    $400K - $425K Price Range

    Stacey Purcell
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,250,000 First International Title
$695,000 Professional Title Agency
-- Attorney
$445,000 Attorney
-- Attorney
-- Attorney
$637,500 Attorney
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $931,000
Closed $160,000
Previous Owner $400,000
Previous Owner $378,250
Previous Owner $520,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/15/2022 07/15/22 Sold $1,250,000 0.0% $185 / Sq Ft
06/04/2022 06/04/22 Pending -- -- --
04/06/2022 04/06/22 For Sale $1,250,000 +180.9% $185 / Sq Ft
08/31/2012 08/31/12 Sold $445,000 0.0% $90 / Sq Ft View Prior Sale
07/13/2012 07/13/12 Pending -- -- --
04/18/2012 04/18/12 For Sale $445,000 -- $90 / Sq Ft
Source: Stellar MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $12,229 $584,234 $110,760 $473,474
2025 $11,658 $580,776 $110,760 $470,016
2024 $11,658 $580,776 $110,760 $470,016
2023 $11,658 $566,028 $110,760 $455,268
2022 $11,482 $543,876 $88,608 $455,268
2021 $10,301 $483,727 $0 $0
2020 $10,856 $483,727 $0 $0
2019 $11,117 $483,489 $0 $0
2018 $11,029 $483,489 $0 $0
2017 $10,003 $481,212 $0 $0
2016 $10,002 $481,490 $0 $0
2015 $10,081 $472,990 $0 $0
2014 $9,688 $465,238 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Elizabeth Downes Real Estate Agent - HEIRLOOM REALTY INTERNATIONAL

    Seller's Agent in 2022

    Elizabeth Downes

    HEIRLOOM REALTY INTERNATIONAL

    (352) 223-9326

    31 Total Sales

    Elizabeth Downes
    Section Image
  • Dan Conlon Real Estate Agent - HEIRLOOM REALTY INTERNATIONAL

    Seller Co-Listing Agent in 2022

    Dan Conlon

    HEIRLOOM REALTY INTERNATIONAL

    (407) 280-2004

    42 Total Sales

    Dan Conlon
    Section Image
  • Denise Pierce Real Estate Agent - WAGNER REALTY

    Seller's Agent in 2012

    Denise Pierce

    WAGNER REALTY

    (352) 267-7767

    38 Total Sales

    Denise Pierce
    Section Image
  • Larry Pierce Real Estate Agent - WATSON REALTY CORP

    Seller Co-Listing Agent in 2012

    Larry Pierce

    WATSON REALTY CORP

    (352) 735-4040

    49 Total Sales

    Larry Pierce
    Section Image

  • C

    Buyer's Agent in 2012

    Carroll Jaskulski

    ERA GRIZZARD REAL ESTATE

    (954) 234-4511

    15 Total Sales

    Carroll Jaskulski
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Map

Source: Stellar MLS

MLS Number: O6015884

Stellar MLS

APN: 29-19-27-0020-000-00100

Florida Lake County Mount Dora 32757

1029 E 5th Ave, Mount Dora, FL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID
Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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