NOT LISTED FOR SALE

1502 Cherrywood Ave Tampa, FL 33613

Tampa Area

Estimated Value: $635,733

4 Beds
2.5 Baths
2,345 Sq Ft
$271/Sq Ft Est. Value

Sale Details

Date Sold: February 4, 2025

Last sale price $639,000 $272 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $4,163 / mo

25 Days on Market

Highlights

  • 100 Feet of Lake Waterfront
  • Boat Ramp
  • Open Floorplan
  • Gaither High School Rated A-
  • Private Pool
  • Deck

About This Home

As of February 2025

This beautifully remodeled lakefront home shows amazing! Nestled in the picturesque Lake Magdalene area of Hillsborough County, this stunning residence offers the perfect blend of modern comfort and timeless charm. As you step inside the 3 bedroom, bonus room plus an office, you'll be delighted with the open layout and brand-new updates in every room, from the gleaming floors to the stylish fixtures, ensuring a fresh and contemporary ambiance. One of the highlights of the exceptional home is its breathtaking view of the serene lake, offering a tranquil backdrop that you'll never tire of. Imagine waking up to the gentle ripple of the water and enjoying your morning coffee on the private patio as you soak in the natural beauty that surrounds you. But the luxury doesn't end there - a welcoming pool awaits, offering the perfect spot to relax, unwind, and entertain year-round. Whether you're enjoying a refreshing swim on a hot summer's day or hosting a lakeside gathering with friends and family on Lake Newlands. Located in a highly sought-after neighborhood of Lake Magdalene, this property offers more than just a place to live - it provides a lifestyle. You'll find it all right here whether you're seeking a peaceful retreat or a vibrant community atmosphere. Cherrywood residents even have optional access to a community property on Lake Magdalene ($50 a year HOA), a boat ramp, and lake use. Don't miss out on the opportunity to make this incredible house your new home. Schedule a showing today and experience the epitome of luxury living in the Lake Magdalene area! This property has a VA assumable loan available as well as qualifies for the opportunity loan, please see attached flyers in the MLS.

Last Agent to Sell the Property

Michelle Espy

EXP REALTY LLC Brokerage Phone: 888-883-8509 License #3389641 Listed on: 12/06/2024

EXP REALTY LLC

Last Buyer's Agent

Traci Burns

SMITH & ASSOCIATES REAL ESTATE License #688917

SMITH & ASSOCIATES REAL ESTATE

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,358

Year Built

  • Built in 1966

Lot Details

  • 11,000 Sq Ft Lot
  • Lot Dimensions are 100x110
  • 100 Feet of Lake Waterfront
  • Lake Front
  • North Facing Home
  • Wood Fence
  • Property is zoned RSC-6

HOA Fees

  • $4 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Slab Foundation
  • Frame Construction
  • Shingle Roof
  • Block Exterior

Interior Spaces

  • 2,345 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Skylights
  • Window Treatments
  • Sliding Doors
  • Family Room Off Kitchen
  • Living Room
  • Luxury Vinyl Tile Flooring
  • Lake Views

Kitchen

  • Built-In Oven
  • Cooktop with Range Hood
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Solid Surface Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Bathroom

Laundry

  • Dryer
  • Washer

Pool

  • Private Pool
  • Outdoor Shower
  • Solar Heated Pool
  • Outside Bathroom Access

Outdoor Features

  • Access To Lake
  • Boat Ramp
  • Deck
  • Exterior Lighting
  • Private Mailbox
  • Front Porch

Location

  • Flood Insurance May Be Required

Schools

  • Lake Magdalene Elementary School
  • Buchanan Middle School
  • Gaither High School

Utilities

  • Central Air
  • Heating Available
  • 1 Water Well
  • Electric Water Heater
  • Water Softener
  • 1 Septic Tank
  • High Speed Internet
  • Cable TV Available

Community Details

  • Brent Paschel Association, Phone Number (813) 406-9024
  • Lake Magdalene Vista Unit 2 Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,358

Year Built

Built in 1966

Lot Details

0.25 Acres

HOA Fees

$4 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Construction Materials: Block, Frame
  • Fireplace: No
  • Living Area: 2345
  • Lot Size Acres: 0.25
  • New Construction: No
  • Year Built: 1966
  • Building Area Total: 3029
  • Lot Size Sq Ft: 11000
  • Status: Sold
  • Ownership: Fee Simple
  • Building Area Total Srch Sq M: 281.40
  • Escrow State: FL
  • Minimum Lease: No Minimum
  • RATIO Current Price By Calculate: 272.49
  • Total Acreage: 1/4 to less than 1/2
  • Water Access YN: 1
  • Amenities Additional Fees: The optional HOA of $50 annually gives you access to: the property, Lake Magdalene boat ramp, and community area
  • MFR_InLawSuiteYN: 0
  • MFR_CommunityAssociationWaterFeatures: Dock,Fishing,Lake,Private Boat Ramp,Water Access
  • Attribution Contact: 888-883-8509
  • Tax Year: 2023
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Luxury Vinyl
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Kitchen/Family Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Window Treatments
  • Appliances Included: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range Hood, Refrigerator, Washer, Water Softener, Wine Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 4
  • Levels: One
  • Spa Yn: No
  • Stories: 1
  • Window Features: Skylight(s)
  • Living Area Meters: 217.86

Exterior Features

  • Direction Faces: North
  • Other Structures: Other
  • Pool Features: Other, Outside Bath Access, Solar Heat
  • Exterior Features: Lighting, Other, Outdoor Shower, Private Mailbox, Sliding Doors
  • Roof: Shingle
  • Pool Private: Yes
  • Water Body Name: LAKE NEWLANDS
  • Waterfront: Yes
  • Patio and Porch Features: Deck, Front Porch
  • Road Surface Type: Asphalt
  • Water Access: Lake
  • Water Extras: Boat Ramp - Private
  • Water View: Lake
  • Water View YN: 1
  • Waterfront Feet Total: 100
  • Flood Zone Panel: 12057C0205H
  • Water Frontage Feet Lake: 100

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Electricity Connected
  • Cooling: Central Air
  • Heating: Electric
  • Laundry Features: None
  • Sewer: Septic Tank
  • Water Source: Well
  • Number Of Septics: 1
  • Number of Wells: 1

Condo/Co-op/Association

  • Association Fee: 50
  • Association Fee Frequency: Annually
  • Association Name: Brent Paschel
  • Phone: 813-406-9024
  • Association: Yes
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 0
  • Pet Restrictions: please see Hillsborough County pet restrictions and rules
  • Association Fee Requirement: Optional
  • Association Email: BCPaschel@gmail.com
  • Association URL: LAKE MAGDALENE VISTA CIVIC ASSOCIATION INC

Fee Information

  • Total Annual Fees: 50.00
  • Total Monthly Fees: 4.17
  • Monthly HOA Amount: 4.17

Schools

  • Elementary School: Lake Magdalene-HB
  • High School: Gaither-HB
  • Middle Or Junior School: Buchanan-HB

Lot Info

  • Zoning: RSC-6
  • Parcel Number: U-35-27-18-0RS-000001-00003.0
  • Additional Parcels: No
  • Fencing: Wood
  • Lot Features: Flood Insurance Required
  • Lot Dimensions: 100x110
  • Flood Zone Code: X AE

Rental Info

  • Pets Allowed: Cats OK, Dogs OK
  • Lease Restrictions YN: 0
  • Additional Lease Restrictions: please refer to Hillsborough County for leasing restrictions

Tax Info

  • Tax Annual Amount: 7357.75
  • Tax Block: 1
  • Tax Book Number: 38-26
  • Tax Lot: 3

Multi Family

  • Waterfront Features: Lake Front

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
Dec 6, 2024
Closed on
Feb 4, 2025
Sold by
Reynolds Thomas S and Reynolds Waraporn
Bought by
Seller's Agent
Michelle Espy
EXP REALTY LLC
Buyer's Agent
Traci Burns
SMITH & ASSOCIATES REAL ESTATE
List Price
$649,000
Sold Price
$639,000
Premium/Discount to List
-$10,000
-1.54%
Views
68
Current Estimated Value
$635,733

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,267
Avg. Annual Appreciation
-0.32%
Original Mortgage
$557,500
Outstanding Balance
$546,124
Interest Rate
6.85%
Mortgage Type
VA
Estimated Equity
$89,609

Purchase Details

Listed on
Oct 31, 2021
Closed on
Jan 7, 2022
Sold by
Heartland Holdings B Llc
Bought by
Reynolds Thomas S
Seller's Agent
Ryan Delk
DALTON WADE INC
Buyer's Agent
Jamie Gibbons
RE/MAX CHAMPIONS
List Price
$575,000
Sold Price
$557,500
Premium/Discount to List
-$17,500
-3.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.53%
Original Mortgage
$557,500
Interest Rate
3.05%
Mortgage Type
VA

Purchase Details

Listed on
Apr 9, 2021
Closed on
May 21, 2021
Sold by
Wehrum Mark and Estate Of Horacio Arias
Bought by
Heartland Holdings B Llc
Seller's Agent
Hector Contreras
WEICHERT REALTORS EXCLUSIVE PROPERTIES
Buyer's Agent
Kenneth Brownlee
KELLER WILLIAMS SUBURBAN TAMPA
List Price
$349,990
Sold Price
$349,990

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
109.38%

Purchase Details

Closed on
Jan 21, 1997
Sold by
Dumas George C and Dumas M
Bought by
Deeper Life Christian Church Inc
Source: Public Records

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
$639,000 Properties Title Llc
Reynolds Thomas S $557,500 Wfg National Title
Heartland Holdings B Llc $349,990 Gulf Water Title Inc
Deeper Life Christian Church Inc $57,500 --
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 $557,500
Previous Owner Reynolds Thomas S $557,500
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
02/04/2025 02/04/25 Sold $639,000 -1.5% $272 / Sq Ft
12/31/2024 12/31/24 Pending -- -- --
12/06/2024 12/06/24 For Sale $649,000 +16.4% $277 / Sq Ft
01/07/2022 01/07/22 Sold $557,500 -3.0% $238 / Sq Ft View Prior Sale
11/18/2021 11/18/21 Pending -- -- --
10/31/2021 10/31/21 For Sale $575,000 +64.3% $245 / Sq Ft
05/21/2021 05/21/21 Sold $349,990 0.0% $149 / Sq Ft View Prior Sale
04/17/2021 04/17/21 Pending -- -- --
04/15/2021 04/15/21 For Sale $349,990 0.0% $149 / Sq Ft
04/12/2021 04/12/21 Pending -- -- --
04/09/2021 04/09/21 For Sale $349,990 -- $149 / 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
2025 $7,603 $463,005
2024 $7,603 $448,258
2023 $7,358 $435,202 $83,870 $351,332
2022 $9,520 $518,991 $77,418 $441,573
2021 $2,083 $134,205 $0 $0
2020 $2,001 $132,352 $0 $0
2019 $1,910 $129,376 $0 $0
2018 $1,858 $126,964 $0 $0
2017 $1,824 $188,987 $0 $0
2016 $1,796 $121,795 $0 $0
2015 $1,815 $120,948 $0 $0
2014 $1,790 $119,988 $0 $0
2013 -- $118,215 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: TB8327891

Stellar MLS

APN: U-35-27-18-0RS-000001-00003.0

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