NOT LISTED FOR SALE

1518 Redwood Grove Terrace Lake Mary, FL 32746

Alaqua Neighborhood

Estimated Value: $865,000 - $1,053,000

5 Beds
5 Baths
3,835 Sq Ft
$257/Sq Ft Est. Value

Last Sold October 10, 2023

Last sale price $1,000,000 $261 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $6,370/month

Highlights

  • Screened Pool
  • Gated Community
  • Fireplace in Primary Bedroom
  • Heathrow Elementary School Rated A
  • View of Trees or Woods
  • Engineered Wood Flooring

About This Home

As of October 2023

Your home searching journey has finally culminated with this stunning 5 bedroom/5 bath pool residence surrounded by nature and offering many upgrades including a newly installed double-pane glass enclosed sun porch that overlooks a beautifully treed backyard and conservation area. Guests will appreciate the easy access of a full circular driveway and the owners will enjoy the side entry three car garage with more parking available and new Precision garage door openers that allows owners to monitor via phone app. Glass front door entrance leads into the formal living area with soaring ceilings and a separate dining room flanked by a butler’s pantry outfitted with custom designed glass cabinetry and refrigerator. The chef’s working area overlooks the family room and features gorgeous updated cabinetry to the ceiling with lots of trim work. A gas stove, newer stainless appliances including a newer refrigerator (2020) and new microwave (2022), granite and a gorgeous custom-built pantry that includes a prep/appliance area makes cooking and entertaining a joy. The living areas overlook a sparkling screened pool and the separate bath area keeps guests comfortable without going through the home. Dramatic two way split staircase separates the chef’s working area from the more formal rooms and leads to 4 more bedrooms, a loft and the new enclosed sunroom. All bathrooms have been recently renovated with custom cabinetry, new higher vanities and new toilets and all closets have made-to-order shelving. The downstairs primary bedroom offers high ceilings, walk-in customized closets, an added custom wardrobe, and a lovely spa retreat featuring a jetted tub, frameless shower and dual sink areas. Meticulously maintained this home features a water softener, on demand gas water heater, heated pool, upgraded landscaping and lighting, security cameras and so much more. Magnolia Plantation, with 500 homes , offers a guard gated entrance flanked by fountains and a canopied main drive. Our new pavilion by the sports field and tennis courts offers neighborhood activities and all is surrounded by nature. One year home warranty is provided to buyer at closing. The property may be under audio and visual surveillance.

Last Agent to Sell the Property

Margaret Summers

COLDWELL BANKER REALTY Brokerage Phone: 407-333-8088 License #493627 Listed on: 09/07/2023

COLDWELL BANKER REALTY

Last Buyer's Agent

Meagan McCutcheon

CENTURY 21 ALTON CLARK License #3436233

CENTURY 21 ALTON CLARK

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,040

Year Built

  • Built in 2002

Lot Details

  • 0.47 Acre Lot
  • Near Conservation Area
  • Cul-De-Sac
  • East Facing Home
  • Landscaped
  • Corner Lot
  • Property is zoned PUD

HOA Fees

  • $157 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Side Facing Garage
  • Garage Door Opener
  • Circular Driveway

Property Views

  • Woods
  • Park or Greenbelt
  • Pool

Home Design

  • Slab Foundation
  • Tile Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 3,835 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Bar Fridge
  • Crown Molding
  • Coffered Ceiling
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Sliding Doors
  • Family Room
  • Separate Formal Living Room
  • Breakfast Room
  • Formal Dining Room
  • Bonus Room
  • Inside Utility

Kitchen

  • Dinette
  • Walk-In Pantry
  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Engineered Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Fireplace in Primary Bedroom
  • Split Bedroom Floorplan
  • En-Suite Bathroom
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • In Wall Pest System

Eco-Friendly Details

  • Reclaimed Water Irrigation System

Pool

  • Screened Pool
  • Heated In Ground Pool
  • Gunite Pool
  • Saltwater Pool
  • Fence Around Pool
  • Outdoor Shower
  • Outside Bathroom Access
  • Child Gate Fence
  • Pool Sweep

Outdoor Features

  • Balcony
  • Exterior Lighting
  • Rain Gutters

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Tankless Water Heater
  • Gas Water Heater
  • Water Softener
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Marolo Sanders Association, Phone Number (407) 788-6700
  • Magnolia Plantation Ph 3 Subdivision
  • Association Owns Recreation Facilities
  • The community has rules related to deed restrictions

Recreation

  • Tennis Courts
  • Community Playground
  • Park

Security

  • Security Guard
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,040

Year Built

Built in 2002

Lot Details

0

HOA Fees

$157 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Block, Stucco
  • Fireplace: Yes
  • Living Area: 3835
  • Lot Size Acres: 0.47
  • New Construction: No
  • Year Built: 2002
  • Building Area Total: 5098
  • Lot Size Sq Ft: 20381
  • Directions to Property: I4 to west on Lake Mary Blvd. North on Markham Woods Rd. to Magnolia Plantain on the left. Show realtor and driver license to guard at gate. Proceed on Timberbrook to left on Shadowmoss. Take the SECOND Redwood Grove on the left.
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Escrow City: Lake Mary
  • Escrow Postal Code: 32746
  • Escrow State: FL
  • Escrow Street Name: Townpark Ave. Suite 2235
  • Escrow Street Number: 1145
  • List Office Head Office Key Nume: 1046393
  • Minimum Lease: 1-2 Years
  • Number Of Pets: 2
  • RATIO Current Price By Calculate: 260.76
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number YN: 0
  • Water Access YN: 0
  • Tax Year: 2022
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Gas, Master Bedroom
  • Living Area Units: Square Feet
  • Flooring: Carpet, Hardwood, Tile
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Interior Amenities: Built-in Features, Cathedral Ceiling(s), Ceiling Fans(s), Coffered Ceiling(s), Crown Molding, High Ceilings, In Wall Pest System, Master Bedroom Main Floor, Solid Wood Cabinets, Split Bedroom, Stone Counters, Walk-In Closet(s), Window Treatments
  • Appliances Included: Bar Fridge, Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Refrigerator, Tankless Water Heater, Washer, Water Softener
  • Foundation Details: Slab
  • Total Bedrooms: 5
  • Levels: Two
  • Spa Yn: No
  • Stories: 2
  • Street Number Modifier: 1518
  • ResoLivingAreaSource: PublicRecords
  • Additional Rooms: Bonus Room,Breakfast Room Separate,Family Room,Formal Dining Room Separate,Formal Living Room Separate,Inside Utility
  • Living Area Meters: 356.28
  • Room Count: 9

Exterior Features

  • Direction Faces: East
  • Pool Features: Child Safety Fence, Gunite, Heated, In Ground, Outside Bath Access, Pool Sweep, Salt Water, Screen Enclosure
  • Exterior Features: Balcony, Irrigation System, Lighting, Outdoor Shower, Rain Gutters, Sidewalk, Sliding Doors
  • Roof: Tile
  • Home Warranty: Yes
  • Pool Private: Yes
  • View: Park/Greenbelt, Pool, Trees/Woods
  • Waterfront: No
  • Road Surface Type: Paved
  • Disclosures: HOA/PUD/Condo Disclosure, Seller Property Disclosure
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Parking Features: Circular Driveway, Garage Door Opener, Garage Faces Side

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Cable Connected, Electricity Available, Electricity Connected, Public, Sprinkler Recycled
  • Cooling: Central Air, Zoned
  • Heating: Central, Electric, Zoned
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Deed Restrictions, Gated Community - Guard, Irrigation-Reclaimed Water, Park, Playground, Sidewalks, Tennis Courts
  • Association Amenities: Gated, Park, Playground, Tennis Court(s)
  • Association Fee: 470
  • Association Fee Frequency: Quarterly
  • Association Name: Marolo Sanders
  • Phone: 407-788-6700
  • Association: Yes
  • Security: Gated Community, Security System
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Pet Restrictions: Please check with association and county for pet restrictions.
  • Association Fee Requirement: Required
  • Association Email: msanders@sentrymgt.com

Fee Information

  • Total Annual Fees: 1880.00
  • Total Monthly Fees: 156.67
  • Monthly HOA Amount: 156.67

Lot Info

  • Zoning: PUD
  • Parcel Number: 03-20-29-5PS-0000-3010
  • Additional Parcels: No
  • Lot Features: Conservation Area, Corner Lot, Cul-De-Sac, In County, Landscaped, Sidewalk, Paved
  • Flood Zone Code: x
  • Homestead YN: 1
  • Lot Size Square Meters: 1893
  • Zoning Compatible YN: 1

Green Features

  • Green Water Conservation: Irrigation-Reclaimed Water
  • Green Verification Count: 0

Rental Info

  • Furnished: Negotiable
  • Pets Allowed: Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Please check with Sentry Management for lease restrictions.

Tax Info

  • Tax Annual Amount: 7039.97
  • Tax Block: 0000
  • Tax Book Number: 57-31
  • Tax Lot: 301

Multi Family

  • Approval Process: Please call Sentry Management for information.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 7, 2023
Closed on
Oct 6, 2023
Sold by
Wilson Gilbert W and Wilson Jacquline Jean
Bought by
Heyl Janelle and Heyl Jeffrey E
Seller's Agent
Margaret Summers
COLDWELL BANKER REALTY
Buyer's Agent
Meagan McCutcheon
CENTURY 21 ALTON CLARK
List Price
$1,000,000
Sold Price
$1,000,000
Views
13
Current Estimated Value
$987,460

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$12,540
Avg. Annual Appreciation
-1.27%

Purchase Details

Listed on
Jul 17, 2020
Closed on
Sep 3, 2020
Sold by
Pung Peggy R and The Peggy R Pung Revocable Tru
Bought by
Wilson Gilbert W and Wilson Jacquline Jean
Seller's Agent
Margaret Summers
COLDWELL BANKER REALTY
Buyer's Agent
Margaret Summers
COLDWELL BANKER REALTY
List Price
$650,000
Sold Price
$625,000
Premium/Discount to List
-$25,000
-3.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.37%
Original Mortgage
$500,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 1, 2015
Bought by
Pung Peggy R Trustee

Purchase Details

Closed on
Apr 9, 2002
Sold by
Centex Homes C
Bought by
Pung Brian A and Pung Peggy R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,300
Interest Rate
6.8%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Heyl Janelle $1,000,000 Celebration Title Group
Wilson Gilbert W $625,000 Sunbelt Title Agency
Pung Peggy R Trustee $100 --
Pung Brian A $482,100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wilson Gilbert W $500,000
Previous Owner Pung Brian A $177,400
Previous Owner Pung Brian A $432,500
Previous Owner Pung Brian A $72,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/10/2023 10/10/23 Sold $1,000,000 0.0% $261 / Sq Ft
09/08/2023 09/08/23 Pending -- -- --
09/07/2023 09/07/23 For Sale $1,000,000 +60.0% $261 / Sq Ft
09/03/2020 09/03/20 Sold $625,000 -3.8% $163 / Sq Ft
07/26/2020 07/26/20 Pending -- -- --
07/17/2020 07/17/20 For Sale $650,000 -- $169 / 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 $9,979 $772,369 -- --
2023 $7,210 $558,773 $0 $0
2021 $6,961 $526,697 $0 $0
2020 $6,872 $516,886 $0 $0
2019 $6,812 $505,265 $0 $0
2018 $6,760 $495,844 $0 $0
2017 $6,734 $485,645 $0 $0
2016 $6,855 $478,986 $0 $0
2015 $6,698 $472,350 $0 $0
2014 $6,698 $468,601 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: O6139632

Stellar MLS

APN: 03-20-29-5PS-0000-3010