NOT LISTED FOR SALE

1518 Cherry Lake Way Lake Mary, FL 32746

Estimated Value: $681,914 - $726,000

4 Beds
3 Baths
2,368 Sq Ft
$295/Sq Ft Est. Value

Last Sold June 09, 2021

Last sale price $500,000 $211 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $4,515/month

1 Day on Market

Highlights

  • 75 Feet of Waterfront
  • Senior Community
  • Central Heating and Cooling System
  • Heated Pool
  • Tile Flooring

About This Home

As of June 2021

Lakefront pool home in 24 hour manned gated community of Heathrow. Home features dining room, living room, family room, kitchen with pantry and plenty of cabinets, spacious master suite with his/her closets, his/her sinks, garden tub, separate shower, split floor plan. 4th bedroom has no closet and was used as an office. Other features include: wood floors, all windows are tinted with 3M film for energy efficiency, extended storage in garage, home warranty and termite bond. Conveniently located near I-4, 417, Seminole Town Center, Colonial Town Center, restaurants, shopping and top rated schools. Heathrow is a 24 hour manned gated community where golf, tennis, fitness are available through Heathrow Country Club. The community offers Sawyer Park where there is basketball, soccer, play areas, fishing pier and gazebo. ;Water: City

Last Agent to Sell the Property

Sharon Snow

COLLADO REAL ESTATE License #656384 Listed on: 05/07/2021

COLLADO REAL ESTATE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,307

Year Built

  • Built in 1998

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 75x130
  • 75 Feet of Waterfront
  • Lake Front
  • Property is zoned PUD

HOA Fees

Home Design

  • Shingle Roof
  • Stone Siding

Interior Spaces

  • 2,368 Sq Ft Home
  • Blinds

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Pool

  • Heated Pool

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 02-20-29-5UY-0000-0430

Community Details

Overview

  • Senior Community
  • Association fees include ground maintenance, security
  • Sentry Management Association, Phone Number (407) 333-0884
  • Heathrow Lakes Association, Phone Number (407) 333-0884
  • Cherry Ridge Subdivision

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,307

Year Built

Built in 1998

Lot Details

0

HOA Fees

$178 per month

Listing Details

  • HOA Fee Includes: Maintenance Grounds, Security
  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Stone
  • Living Area: 2368
  • Lot Size Acres: 0.22
  • Year Built: 1998
  • Building Area Total: 3498
  • Directions to Property: Driving Directions: I-4 to H. E. Thomas Parkway (46A) exit, west on 46A into Heathrow (please show your real estate license at the gate) Proceed on Heathrow Blvd to right on Cherry Ridge, immediate right on Wild Cherry and then left on Cherry Lake, house on right
  • Status: Sold
  • List Office Head Office Key Nume: 172580748
  • RATIO Current Price By Calculate: 211.15
  • MFR_InLawSuiteYN: 0
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile
  • Full Bathrooms: 3
  • Appliances Included: Dishwasher, Disposal, Electric Water Heater, Microwave, Range, Refrigerator
  • Total Bedrooms: 4
  • Levels: One
  • Window Features: Blinds
  • Street Number Modifier: 1518
  • Room Count: 7

Exterior Features

  • Pool Features: Heated
  • Roof: Shingle
  • Pool Private: Yes
  • Waterfront: Yes
  • Road Surface Type: Asphalt
  • Waterfront Feet Total: 75

Utilities

  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Water Source: See Remarks

Condo/Co-op/Association

  • Community Features: Pool
  • Association Fee: 399
  • Association Fee Frequency: Quarterly
  • Association Name: Sentry Management
  • Phone: 407-333-0884
  • Senior Community: Yes
  • Association #2 Fee: 135
  • Association #2 Fee Frequency: Quarterly
  • Association: Heathrow lakes
  • Association Phone #2: 407-333-0884
  • Development: Not On The List

Lot Info

  • Zoning: PUD
  • Parcel Number: 02-20-29-5UY-0000-0430
  • Lot Features: City Limits
  • Lot Dimensions: 75x130

Rental Info

  • Furnished: Unfurnished

Multi Family

  • Waterfront Features: Lake

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2021
Closed on
May 26, 2021
Sold by
Zaccaro Stephen and Zaccaro Gail
Bought by
Katira Uday and Sedani Jasmine
Seller's Agent
Sharon Snow
COLLADO REAL ESTATE
List Price
$500,000
Sold Price
$500,000
Current Estimated Value
$699,479

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$199,479
Avg. Annual Appreciation
8.03%
Original Mortgage
$446,500
Outstanding Balance
$350,143
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$341,912

Purchase Details

Closed on
Nov 20, 2014
Sold by
Peter Chennekatu P and Peter Anney K
Bought by
Zaccaro Stephen and Zaccaro Gail

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 8, 2005
Sold by
Cicardo Louis M and Montillo Vincent J
Bought by
Cicardo Louis M and Montilli Vincent J

Purchase Details

Closed on
Sep 27, 2002
Sold by
Peter Chennekatu P Trust C
Bought by
Peter Chennekatu P and Peter Anney K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,800
Interest Rate
6.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 1, 2002
Bought by
Zaccaro Stephen and Zaccaro Gail

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,800
Interest Rate
6.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 5, 2001
Sold by
Chennekatu P Peter M and Chennekatu Anney K
Bought by
Peter Chennekatu P 1993 Trust

Purchase Details

Closed on
Apr 3, 1998
Sold by
Centex Homes
Bought by
Peter Chennekatu P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,850
Interest Rate
6.95%
Mortgage Type
New Conventional
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
Katira Uday $500,000 Silver Sea Title Llc
Zaccaro Stephen $335,000 Brokers Title Of Longwood I
Cicardo Louis M -- --
Peter Chennekatu P -- --
Zaccaro Stephen $100 --
Peter Chennekatu P 1993 Trust -- --
Peter Chennekatu P $251,200 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Katira Uday $446,500
Previous Owner Zaccaro Stephen $268,000
Previous Owner Peter Chennekatu P $129,800
Previous Owner Peter Chennekatu P $149,850
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2021 06/09/21 Sold $500,000 0.0% $211 / Sq Ft
05/08/2021 05/08/21 Pending -- -- --
05/07/2021 05/07/21 For Sale $500,000 -- $211 / 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 $6,307 $494,371 -- --
2023 $6,162 $479,972 $0 $0
2021 $4,902 $377,374 $110,000 $267,374
2020 $5,240 $359,720 $0 $0
2019 $5,016 $338,449 $0 $0
2018 $4,940 $329,271 $0 $0
2017 $5,081 $333,102 $0 $0
2016 $5,357 $348,725 $0 $0
2015 $5,318 $329,596 $0 $0
2014 $3,816 $283,044 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: NS1063532

Stellar MLS

APN: 02-20-29-5UY-0000-0430