NOT LISTED FOR SALE

1303 Spring Lake Terrace Ocoee, FL 34761

Estimated Value: $555,000 - $641,000

3 Beds
2 Baths
2,842 Sq Ft
$216/Sq Ft Est. Value

Last Sold January 19, 2022

Last sale price $540,290 $190 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $3,834/month

About This Home

Are you searching for a LAKEFRONT property close in, but with a great lot? This is it! I love this home. Every room has a wonderful view of the pool and the lake. Spring Lake is the lake this home fronts on. It is located in a super private are and is just perfect for a large family or housemates. Drive into the long paver driveway and see the great location of this home. Pull up and see the separate office and workshop, and then step into the drive to enter the home. This home was built in the 60's and so the front of the home faces the lake. Stunning! Step inside and see a HUGE room dedicated to fun and friends. There is a great bar complete with all the bar items necessary for a wonderful holiday party. There are French doors that open to the pool and patio over looking the gorgeous lake. There is a pool table positioned right by the stunning wood burning fireplace and even more. The walls and ceiling are finished with pecky cypress and almost indestructible. This spacious play room is perfect for family, friends or the most fun party every. There is plenty of room for extra seating, a huge screen television and all kinds of games and fun. Now lets step up into the rest of this gorgeous home. As you enter you will see a well appointed kitchen with a super breakfast room. There is a fun bar that looks into the kitchen area over the cooktop, so you can chat with the chef while they make a tasty meal. The kitchen has updated appliances, Corian counters and loads of cabinetry for all your cooking utensils. The kitchen window looks out to a lush garden and terraced yard. To the left there is a beautiful glass block that cozy in a super formal dining room. Made for privacy but styled with everyone in mind, it also has gorgeous views of the water. The bathrooms are open, spacious and have all kinds of extra storage for linens. The bedrooms are large, open and loaded with natural light and beautiful views. The master is toward the back of the home, so it overlooks the gorgeous lake and beautiful gardens, but talk about large. When you are ready to retreat from the world, this private oasis is the beautiful setting for peace and tranquility. The home has stunning 3/4 inch oak hardwood floors and the patina is wonderful throughout. The master bedroom, closet and bath are just the perfect setting for your own big screen tv, lounger chair, king size bed or personal office space. However, there is a 770 square foot office and workroom detached from this home. So no need to have your office inside your home when you are steps away from a huge private office/workspace. This office/workspace has a reception area, private offices, as well and a 20foot high ceiling workroom for anything you need to create or produce. They had a print shop in there. The pool and deck are just another wonderful addition to this gorgeous home. The land goes on forever, the views are stunning, the trees and property are what a few lucky individuals work their whole life to own. The homes in this neighborhood are well over 1 million. Come and see this steal of a deal today. Great schools, great neighborhood, and a great life can be lived here. Tucked away in a private setting and in a wonderful neighborhood. Come and see the most wonderful area of Ocoee! Come and see today. NO HOA so have your boat, your chickens and there is no HOA to tell you how to live. Come and enjoy YOUR FLORIDA LIFESTYLE!

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2021
Closed on
Jan 18, 2022
Sold by
Neal James O and Neal Mary S
Bought by
Zenon Noel
Seller's Agent
Bethanne Baer
BEAR TEAM REAL ESTATE
Buyer's Agent
Lisa Foster
PREFERRED REAL ESTATE BROKERS
List Price
$529,900
Sold Price
$540,290
Premium/Discount to List
$10,390
1.96%
Current Estimated Value
$615,237

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,947
Avg. Annual Appreciation
3.33%
Original Mortgage
$490,500
Outstanding Balance
$452,057
Interest Rate
3.11%
Mortgage Type
New Conventional
Estimated Equity
$163,180

Purchase Details

Closed on
Sep 21, 1994
Sold by
Varnes W Pitt and Varnes Reba T
Bought by
Neal James O and Neal Mary S
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Zenon Noel $540,290 Stewart Title
Neal James O $6,100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zenon Noel $490,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/19/2022 01/19/22 Sold $540,290 +2.0% $190 / Sq Ft View Prior Sale
12/09/2021 12/09/21 Pending -- -- --
12/01/2021 12/01/21 For Sale $529,900 -1.9% $186 / Sq Ft
11/17/2021 11/17/21 Pending -- -- --
11/16/2021 11/16/21 Off Market $540,290 -- --
11/04/2021 11/04/21 For Sale $529,900 -- $186 / Sq Ft

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 $7,443 $475,785 $180,000 $295,785
2024 $7,202 $462,215 $180,000 $282,215
2023 $7,202 $445,669 $180,000 $265,669
2022 $2,543 $161,592 $0 $0
2021 $2,511 $156,885 $0 $0
2020 $2,398 $154,719 $0 $0
2019 $2,478 $151,240 $0 $0
2018 $2,467 $148,420 $0 $0
2017 $2,449 $202,829 $70,000 $132,829
2016 $2,452 $201,198 $70,000 $131,198
2015 $2,490 $187,357 $58,403 $128,954
2014 $2,474 $141,726 $52,162 $89,564
Source: Public Records

Agents Affiliated with this Home

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