NOT LISTED FOR SALE

1516 Cherry Ridge Dr Lake Mary, FL 32746

Estimated Value: $721,105 - $736,000

4 Beds
3 Baths
2,637 Sq Ft
$277/Sq Ft Est. Value

Last Sold December 21, 2020

Last sale price $510,000 $193 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $4,748/month

3 Days on Market

Highlights

  • Access To Lake
  • Screened Pool
  • Gated Community
  • Heathrow Elementary School Rated A
  • Fishing
  • Deck

About This Home

As of December 2020

Expect to be IMPRESSED - this MUST SEE 4BD/3BA **POOL HOME** is tucked away in the highly desirable GUARD GATED Heathrow-Cherry Ridge community with a **BRAND NEW ROOF** being installed, updated A/C and WATER HEATER and a 3-WAY SPLIT FLOOR PLAN! Lovely LANDSCAPING invites you into a bright FOYER with large windows that let the NATURAL LIGHT shine in! Formal LIVING and DINING spaces are ideal for entertaining and flow naturally into the spacious EAT IN KITCHEN. The family chef will absolutely fall in love with everything this kitchen has to offer - including GRANITE COUNTERTOPS, STAINLESS STEEL APPLIANCES, a CUSTOM TILE BACKSPLASH, ample storage and a DINETTE with a VIEW OF THE POOL for casual dining! The generous FAMILY ROOM offers HIGH CEILINGS and a perfect space to gather with family and friends! Fantastic 3-WAY SPLIT BEDROOMS deliver a private PRIMARY RETREAT boasting a beautiful TRAY CEILINGS and CROWN MOLDING, many windows, direct access to the patio and pool, and a stunning EN-SUITE BATH with a DUAL SINK vanity, CORNER SOAKING TUB, a large SEPARATE SHOWER and a 6x12 WALK IN CLOSET! Two additional bedrooms share a jack and jill bath and you still have a FOURTH BEDROOM, a THIRD FULL BATH plus a flexible DEN/STUDY! A gorgeous completely SCREENED in POOL, SPA and PEBBLE TECH DECK await you in the backyard, take a dip in the POOL and then relax and cookout under the COVERED PATIO, there is room for the whole family **ZONED for sought-after SEMINOLE COUNTY SCHOOLS** and centrally located with easy access to Lake Monroe, the Central Florida Zoo, parks, GOLF COURSES, shopping, dining and so much more! Residents of Heathrow-Cherry Ridge can also enjoy the community amenities including access to Sawyer Lake Park which has a clubhouse that can be rented, a park, PLAYGROUND and FISHING PIER! You are also just minutes from I-4 and 417 for an easy commute into Orlando and all the attractions. An ideal location with easy access to everything Lake Mary and Seminole County has to offer, don’t wait to make this beautiful home yours!

Last Agent to Sell the Property

Jennifer Wemert

WEMERT GROUP REALTY LLC License #3044371 Listed on: 10/13/2020

WEMERT GROUP REALTY LLC

Co-Listed By

Tony Galarza

WEMERT GROUP REALTY LLC License #3219573

Last Buyer's Agent

Verdelle Lambert Rice

UNITED REAL ESTATE PREFERRED License #3459517

UNITED REAL ESTATE PREFERRED

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,579

Year Built

  • Built in 2000

Lot Details

  • 9,960 Sq Ft Lot
  • South Facing Home
  • Mature Landscaping
  • Level Lot
  • Irrigation
  • Landscaped with Trees
  • Property is zoned PUD

HOA Fees

  • $133 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway
  • Open Parking

Home Design

  • Planned Development
  • Slab Foundation
  • Shingle Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,637 Sq Ft Home
  • Crown Molding
  • Vaulted Ceiling
  • Ceiling Fan
  • Blinds
  • Family Room Off Kitchen
  • Combination Dining and Living Room

Kitchen

  • Range
  • Dishwasher
  • Solid Wood Cabinet

Flooring

  • Carpet
  • Porcelain Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Screened Pool
  • In Ground Pool
  • In Ground Spa
  • Gunite Pool
  • Fence Around Pool

Outdoor Features

  • Access To Lake
  • Fishing Pier
  • Deck
  • Covered Patio or Porch
  • Rain Gutters

Schools

  • Heathrow Elementary School
  • Markham Woods Middle School
  • Seminole High School

Utilities

  • Central Heating and Cooling System
  • Propane
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include 24-hour guard, ground maintenance, recreational facilities
  • $41 Other Monthly Fees
  • Sentry Management Association, Phone Number (407) 333-0884
  • Cherry Ridge Subdivision
  • The community has rules related to deed restrictions
  • Rental Restrictions

Recreation

  • Community Playground
  • Fishing
  • Park

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,579

Year Built

Built in 2000

Lot Details

0

HOA Fees

$133 per month

Parking

2

Listing Details

  • HOA Fee Includes: 24-Hour Guard, Maintenance Grounds, Recreational Facilities
  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 2637
  • Lot Size Acres: 0.23
  • New Construction: No
  • Year Built: 2000
  • Building Area Total: 3569
  • Lot Size Sq Ft: 9960
  • Directions to Property: From Heathrow Blvd, Turn right onto Cherry Ridge Dr. Home will be on the right.
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/O5898725?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/O5898725?w=Customer
  • Homestead Y N: Yes
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Other Fees Amount: 123
  • Call Center Phone Number: 800-746-9464
  • Planned Unit Development Y N: Yes
  • Ratio: Close Price\List Price: 1
  • Price per Sq Ft: 193.4
  • Close to Original List Price Ratio: 1
  • Ratio: Current Price\Building Area Total: 142.9
  • View: No
  • Co List Office Mls Id: 261014414
  • Co List Office Phone: 407-796-9279
  • Ownership: Fee Simple
  • Tax Year: 2019
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Porcelain Tile, Tile
  • Full Bathrooms: 3
  • Interior Amenities: Ceiling Fans(s), Crown Molding, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Solid Wood Cabinets, Split Bedroom, Vaulted Ceiling(s)
  • Appliances Included: Dishwasher, Dryer, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 4
  • Levels: One
  • Spa Features: In Ground
  • Spa Yn: Yes
  • Window Features: Blinds
  • Street Number Modifier: 1516
  • Room Count: 13

Exterior Features

  • Direction Faces: South
  • Pool Features: Gunite, In Ground, Screen Enclosure
  • Exterior Features: Irrigation System, Rain Gutters, Sidewalk
  • Roof: Shingle
  • Pool Private: Yes
  • Water Body Name: Sawyer Lake
  • Waterfront: No
  • Patio and Porch Features: Covered, Deck, Screened
  • Road Surface Type: Paved
  • Water Access: Lake
  • Water Extras: Fishing Pier
  • Water View Y N: No
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Flood Zone Panel: 12117C0045F
  • Disclosures: Seller Property Disclosure

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Driveway, Garage Door Opener
  • Covered Parking Spaces: 2
  • Open Parking: Yes

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Electricity Available, Propane, Water Available
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Public Remarks Required: One or more photo(s) has been virtually staged.
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Deed Restrictions, Fishing, Park, Playground, Sidewalk, Water Access
  • Association Fee: 399
  • Association Fee Frequency: Quarterly
  • Association Name: Sentry Management
  • Phone: 407-333-0884
  • Association: Yes
  • Security: Gated Community
  • Senior Community: No
  • Other Fees Term: Quarterly
  • Amenities Additional Fees: Buyer to verify -- Transfer/Capital Contribution Fee - $1596
  • Association Fee Requirement: Required
  • Association Approval Required YN: No

Fee Information

  • Total Annual Fees: 2088
  • Monthly HOA Fee: 133
  • Total Monthly Fees: 174

Schools

  • Elementary School: Heathrow Elementary
  • High School: Seminole High
  • Middle Or Junior School: Markham Woods Middle

Lot Info

  • Zoning: PUD
  • Parcel Number: 02-20-29-5UY-0000-0140
  • Additional Parcels: No
  • Lot Features: Level, Sidewalk
  • Flood Zone Code: X
  • Flood Zone Date: 2007-09-28

Rental Info

  • Pets Allowed: Yes
  • Minimum Lease: 8-12 Months
  • Approval Process: Buyer to verify leasing restrictions with HOA and/or city/county.
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: Buyer to verify leasing restrictions with HOA and/or city/county.

Tax Info

  • Tax Annual Amount: 4579
  • Tax Block: 0000
  • Tax Book Number: 52-24
  • Tax Lot: 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2020
Closed on
Dec 21, 2020
Sold by
Mirza Amir and Mirza Arooj
Bought by
Fernandez Silvia Palomino and Fernandez Luis Polo
Seller's Agent
Jennifer Wemert
WEMERT GROUP REALTY LLC
Buyer's Agent
Verdelle Lambert Rice
UNITED REAL ESTATE PREFERRED
List Price
$510,000
Sold Price
$510,000
Current Estimated Value
$731,026

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$221,026
Avg. Annual Appreciation
7.96%
Original Mortgage
$408,000
Outstanding Balance
$364,974
Interest Rate
2.71%
Mortgage Type
New Conventional
Estimated Equity
$364,849

Purchase Details

Listed on
Nov 27, 2017
Closed on
Jan 8, 2018
Sold by
Deutsche Bank National Trust Co
Bought by
Mirza Amir and Mirza Arooj
Seller's Agent
April Feeser
REALHOME SERVICE & SOLUTIONS INC
Buyer's Agent
Robert Foutz
ASSIST 2 SELL FOUTZ REALTY
List Price
$371,000
Sold Price
$350,595
Premium/Discount to List
-$20,405
-5.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.69%

Purchase Details

Closed on
Sep 21, 2017
Sold by
Kraynik James E and Kraynik Sharon B
Bought by
Deutsche Bank National Tr Co

Purchase Details

Closed on
Jan 26, 2015
Sold by
Kraynik Sharon B and Kraynik James E
Bought by
Kraynik James E

Purchase Details

Closed on
Oct 1, 2014
Bought by
Kraynik James E

Purchase Details

Closed on
Jun 14, 2006
Sold by
Hebron Timothy P and Hebron Amy Y
Bought by
Kraynik James E and Kraynik Sharon B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$457,600
Interest Rate
6.75%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 27, 2002
Sold by
Savage Christopher T and Savage Cheryl L
Bought by
Hebron Timothy P and Hebron Amy Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
5.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 10, 2001
Sold by
Morrion Homes Inc
Bought by
Savage Christophe T and Savage Cheryl L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
7.18%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 1, 1999
Bought by
Kraynik James E

Purchase Details

Closed on
Jun 1, 1999
Bought by
Kraynik James E
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
Fernandez Silvia Palomino $510,000 Nona Title
Mirza Amir $333,900 Premium Title Services Inc
Deutsche Bank National Tr Co -- None Available
Kraynik James E -- None Available
Kraynik James E $100 --
Kraynik James E -- Brokers Title Longwood I Llc
Hebron Timothy P $325,000 --
Savage Christophe T $257,100 --
Kraynik James E $1,442,700 --
Kraynik James E $1,892,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fernandez Silvia Palomino $408,000
Previous Owner Mirza Amir $65,000
Previous Owner Mirza Amir $245,000
Previous Owner Kraynik James E $457,600
Previous Owner Kraynik James E $84,400
Previous Owner Hebron Timothy P $120,000
Previous Owner Hebron Timothy P $35,000
Previous Owner Savage Christophe T $245,000
Previous Owner Savage Christophe T $50,000
Previous Owner Savage Christophe T $50,000
Previous Owner Savage Christophe T $167,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2020 12/21/20 Sold $510,000 0.0% $193 / Sq Ft
10/16/2020 10/16/20 Pending -- -- --
10/13/2020 10/13/20 For Sale $510,000 +45.5% $193 / Sq Ft
04/22/2018 04/22/18 Off Market $350,595 -- --
01/19/2018 01/19/18 Sold $350,595 0.0% $133 / Sq Ft
12/27/2017 12/27/17 Pending -- -- --
12/21/2017 12/21/17 Off Market $350,595 -- --
12/14/2017 12/14/17 For Sale $371,000 +5.8% $141 / Sq Ft
12/05/2017 12/05/17 Pending -- -- --
12/05/2017 12/05/17 Off Market $350,595 -- --
11/27/2017 11/27/17 For Sale $371,000 -- $141 / 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
2024 $7,585 $528,229 -- --
2023 $7,129 $480,208 $0 $0
2021 $5,715 $396,866 $105,000 $291,866
2020 $4,622 $354,625 $0 $0
2019 $4,579 $346,652 $0 $0
2018 $5,216 $348,510 $0 $0
2017 $3,900 $290,946 $0 $0
2016 $3,971 $286,957 $0 $0
2015 $4,020 $282,981 $0 $0
2014 $3,781 $280,735 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: O5898725

Stellar MLS

APN: 02-20-29-5UY-0000-0140