NOT LISTED FOR SALE

121 Sunset Terrace Unit 10 Lake Placid, FL 33852

Estimated Value: $565,000 - $580,000

7 Beds
6.5 Baths
3,286 Sq Ft
$190/mo HOA Fee

Last Sold July 24, 2024

Last sale price $560,000 $170 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $3,661/month

256 Days on Market

Highlights

  • Lake Front
  • Detached Garage
  • Tile Flooring
  • Screened Porch
  • Views
  • Central Heating and Cooling System

About This Home

As of July 2024

On the shores of Lake Placid, you will find this unique property with every feature you desire for a lakefront, resort-style living. Enjoy 300 feet of white sandy beach, chickee hut, dock, barbeque area, and the community boat ramp. The home boasts 7 bedrooms, 6.5 bathrooms, 3 living rooms, 2 kitchens, and multiple screened porches making this the perfect vacation rental investment opportunity or to be used for your own personal enjoyment. Community rental management is provided as a bonus, should you choose to utilize that opportunity. The property also includes 4 assigned parking spaces to accommodate your guest.

Last Agent to Sell the Property

Cole Russell

RUSSELL REALTY INC. License #3537262 Listed on: 09/15/2023

Last Buyer's Agent

Cole Russell

RUSSELL REALTY INC. License #3537262 Listed on: 09/15/2023

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,548

Year Built

  • Built in 1971

Lot Details

  • 3,920

HOA Fees

  • $190 Monthly HOA Fees

Home Design

  • Rolled or Hot Mop Roof
  • Concrete Siding
  • Block Exterior
  • Stucco

Interior Spaces

  • 3,286 Sq Ft Home
  • 2-Story Property
  • Single Hung Windows
  • Screened Porch
  • Dryer
  • Property Views

Kitchen

  • Built-In Convection Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms

Parking

  • Detached Garage
  • Assigned Parking

Additional Features

  • Lake Front
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number C07373010000000100

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,548

Year Built

Built in 1971

Lot Details

0

HOA Fees

$190 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Road Frontage Type: Lakefront
  • Lot Size Acres: 0.09
  • Road Surface Type: Paved
  • Water Body Name: Placid
  • Directions: Heading S. on US 27 out of Lake Placid turn E. on Harris Dr. then S. on Sunset Terrace. Turn left at Lakeshore Resort.
  • Architectural Style: Two Story
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 1971
  • Property Sub Type Additional: Condominium
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Built-In Oven, Convection Oven, Dryer, Dishwasher, Microwave, Oven, Range, Refrigerator
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 7
  • Flooring: Carpet, Tile, Vinyl
  • Living Area: 3286.0
  • Window Features: Single Hung

Exterior Features

  • Pool Features: None
  • View: Lake
  • View: Yes
  • Construction Type: Block, Concrete, Stucco
  • Patio And Porch Features: Rear Porch, Covered, Front Porch, Screened, Side Porch
  • Property Condition: Resale
  • Roof: Rolled/Hot Mop

Garage/Parking

  • Parking Features: Assigned, Detached

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 570.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Lot Info

  • Lot Size Sq Ft: 3558.0
  • Additional Parcels Description: ,,
  • Parcel #: C07373010000000100
  • Zoning Description: R3FUD
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 4548.4
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 15, 2023
Closed on
Jul 24, 2024
Sold by
Eee Services Incorporated
Bought by
Kelly Michael and Kelly Rachel
Seller's Agent
Cole Russell
RUSSELL REALTY INC.
Buyer's Agent
Cole Russell
RUSSELL REALTY INC.
List Price
$665,000
Sold Price
$560,000
Premium/Discount to List
-$105,000
-15.79%
Views
180
Current Estimated Value
$570,660

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,660
Avg. Annual Appreciation
1.76%
Original Mortgage
$360,000
Outstanding Balance
$356,941
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$213,719

Purchase Details

Closed on
May 2, 2007
Sold by
Brantley Construction Inc
Bought by
Eee Services Inc
Source: Public Records

Range of Values:

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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
Kelly Michael $560,000 Investors Title Llc
Eee Services Inc $400,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kelly Michael $360,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2024 07/24/24 Sold $560,000 -15.8% $170 / Sq Ft
05/29/2024 05/29/24 Pending -- -- --
03/20/2024 03/20/24 For Sale $665,000 0.0% $202 / Sq Ft
01/22/2024 01/22/24 Off Market $665,000 -- --
09/15/2023 09/15/23 For Sale $665,000 -- $202 / Sq Ft
Source: Heartland Association of REALTORS®

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
2024 $5,299 $370,290 $30,000 $340,290
2023 $5,299 $366,248 $0 $0
2022 $4,548 $360,983 $30,000 $330,983
2021 $3,911 $250,328 $30,000 $220,328
2020 $4,798 $314,462 $0 $0
2019 $4,632 $302,167 $0 $0
2018 $4,446 $285,524 $0 $0
2017 $4,417 $285,450 $0 $0
2016 $4,434 $278,691 $0 $0
2015 $4,240 $262,395 $0 $0
2014 $4,336 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2024

    Cole Russell

    RUSSELL REALTY INC.

    6 Total Sales

    Cole Russell
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Map

Source: Heartland Association of REALTORS®

MLS Number: 297809

Heartland Association of REALTORS®

APN: C-07-37-30-100-0000-0100

Florida Highlands County Lake Placid 33852

121 Sunset Terrace Unit 10, Lake Placid, FL

This home is located at 121 Sunset Terrace Unit 10, Lake Placid, FL 33852 since 15 September 2023 and is currently estimated at $570,660, approximately $173 per square foot. This property was built in 1971. 121 Sunset Terrace Unit 10 is a home located in Highlands County with nearby schools including Lake Placid Elementary School, Lake Placid High School, and Lake Placid Middle School.

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.

Heartland Association of REALTORS® 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.

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