NOT LISTED FOR SALE

10435 Cherry Lake Rd Clermont, FL 34715

Estimated Value: $352,000 - $1,632,227

12 Beds
9 Baths
7,100 Sq Ft
$107/Sq Ft Est. Value

Last Sold June 22, 2021

Last sale price $931,000 $131 Per Sq Ft

Est. 18% decrease in value since last sale

Current estimated payment $4,925/month

28 Days on Market

Highlights

  • 1.33 Acre Lot
  • Enclosed Patio or Porch
  • 2 Car Attached Garage
  • No HOA
  • Separate Outdoor Workshop
  • Tile Flooring

About This Home

As of June 2021

ONE OF A KIND RENTAL OPPORTUNITY! Motivated sellers! Recently reduced Sprawling Clermont turn key investment property with 7 income producing units! Built brand new a 3/2 duplex with granite counter tops crown molding oversized porch on one side, vinyl plank floors, foam insulation, natural gas , beautiful front porch. Included brand new washer and dryers all appliances have 5 year warranties. All led lighting, one car garages on each side. One duplex with two 2-1 unit, Completely gutted and re done in 2012 new wiring ,plumbing, new air conditioning, custom made wood cabinets. Just added 2 brand new 25x12 out door screen rooms , the bedrooms are large and spacious. Metal roof. 3/2 single family home completed renovated in 2013, New roof , new ac , new windows , new plumbing , baths and kitchens. Beautiful picture window in living room. New vinyl planking 2020. Nice back porch over size driveway complete landscaped. 2/1 single family home built brand new 2012, Large living room , front porch , large fenced in back yard with oversized concrete back patio. Over sized pier club tile through out laundry room long term tenants in place. 2/1 park model Rv, Completely re done 2019. New roof new appliances new carpet. Has its own washer and dryer (included) private driveway and patio a great little unit . “The Shop “ 30x40 covered workshop, A rentable workshop for a tenant or a shop for the owners. 2 RV full hook ups 50 amp service with water and sewer. All on sewer and city water.

Last Agent to Sell the Property

Kaley Hansen

COLDWELL BANKER HUBBARD HANSEN License #3252025 Listed on: 04/12/2021

COLDWELL BANKER HUBBARD HANSEN

Last Buyer's Agent

Kaley Hansen

COLDWELL BANKER HUBBARD HANSEN License #3252025 Listed on: 04/12/2021

COLDWELL BANKER HUBBARD HANSEN

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,738

Year Built

  • Built in 1950

Lot Details

  • 1.33 Acre Lot

Parking

  • 2 Car Attached Garage
  • 4 Carport Spaces

Home Design

  • Duplex
  • Slab Foundation
  • Shingle Roof
  • Metal Roof
  • Block Exterior

Interior Spaces

  • 7,100 Sq Ft Home
  • Crawl Space

Kitchen

  • Range
  • Dishwasher

Flooring

  • Carpet
  • Tile
  • Travertine
  • Vinyl

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Enclosed Patio or Porch
  • Exterior Lighting
  • Separate Outdoor Workshop
  • Shed

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 5 Buildings
  • 7 Units

Building Details

  • Gross Income $100,260

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,738

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Condition: Completed
  • Property Sub Type: Duplex
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 7100
  • Lot Size Acres: 1.33
  • New Construction: No
  • Year Built: 1950
  • Lot Size Sq Ft: 57935
  • Tenant Pays: Electricity
  • Directions to Property: From the intersection of Hwy 27 and Hwy 50, head north on Hwy 27. Turn left onto Minneola Shores. Turn right on Jalarmy. Turn left on Cherry Lake Road. Properties on corner of Apshawa and Cherry Lake Rd.
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/G5040782?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/G5040782?w=Customer
  • Unit Count: 7
  • Homestead Y N: No
  • Total Acreage: 1 to less than 2
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.93568
  • Price per Sq Ft: 131.13
  • Close to Original List Price Ratio: 0.72734
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2020
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Tile, Travertine, Vinyl
  • Appliances Included: Dishwasher, Dryer, Range, Refrigerator, Washer
  • Foundation Details: Crawlspace, Slab
  • Levels: One
  • Street Number Modifier: 10435
  • Number Of Buildings: 5

Exterior Features

  • Other Structures: Shed(s), Storage, Workshop
  • Exterior Features: Lighting, Storage
  • Roof: Metal, Shingle
  • Pool Private: No
  • Waterfront: No
  • Patio and Porch Features: Covered, Enclosed, Patio, Porch, Rear Porch, Screened
  • Road Surface Type: Paved
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No

Garage/Parking

  • Attached Garage: Yes
  • Carport Spaces: 4
  • Carport Y N: Yes
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Covered Parking Spaces: 4
  • Open Parking: No

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Cooling: Central Air, Other
  • Heating: Electric, Heat Pump, Other
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Zoning: A
  • Parcel Number: 02-22-25-0003-000-01900
  • Additional Parcels: No
  • Flood Zone Code: AE

Rental Info

  • Total Actual Rent: 8355

Multi Family

  • Gross Income: 100260
  • Number Of Units Total: 7

Tax Info

  • Tax Annual Amount: 3737.96
  • Tax Block: 000
  • Tax Book Number: 0
  • Tax Lot: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2021
Closed on
Jun 22, 2021
Sold by
Duquette James and Duquette Maria
Bought by
Cherry Lake Apartments Llc
Seller's Agent
Kaley Hansen
COLDWELL BANKER HUBBARD HANSEN
Buyer's Agent
Kaley Hansen
COLDWELL BANKER HUBBARD HANSEN
List Price
$1,280,000
Sold Price
$931,000
Premium/Discount to List
-$349,000
-27.27%
Current Estimated Value
$759,057

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$171,943
Avg. Annual Appreciation
-4.63%

Purchase Details

Closed on
Aug 26, 2011
Sold by
Laverack Warren E and Larson Robert J
Bought by
Duquette James

Purchase Details

Closed on
Feb 11, 2003
Sold by
Horton Dennis L
Bought by
Laverack Warren E and Larson Robert J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,800
Interest Rate
5.89%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Cherry Lake Apartments Llc $1,300,000 Attorney
Duquette James $102,000 Equitable Title Of Dr Philli
Laverack Warren E $117,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Laverack Warren E $98,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/22/2021 06/22/21 Sold $931,000 -6.4% $131 / Sq Ft
05/10/2021 05/10/21 Pending -- -- --
05/03/2021 05/03/21 Price Changed $995,000 -13.5% $140 / Sq Ft
04/22/2021 04/22/21 Price Changed $1,150,000 -10.2% $162 / Sq Ft
04/12/2021 04/12/21 For Sale $1,280,000 -- $180 / Sq Ft
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 $11,331 $649,694 $111,720 $537,974
2024 $11,331 $655,502 $111,720 $543,782
2023 $11,331 $584,033 $55,860 $528,173
2022 $11,046 $575,292 $55,860 $519,432
2021 $7,686 $469,191 $0 $0
2020 $3,738 $213,321 $0 $0
2019 $2,699 $142,695 $0 $0
2018 $2,492 $133,557 $0 $0
2017 $2,356 $125,651 $0 $0
2016 $2,098 $107,650 $0 $0
2015 $2,738 $106,226 $0 $0
2014 $2,745 $105,118 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: G5040782

Stellar MLS

APN: 02-22-25-0003-000-01900