$685,000
SOLD DEC 12, 2024

1523 Cherry Lake Way Lake Mary, FL 32746

5 Beds
3.5 Baths
3,517 Sq Ft
9,120 Sq Ft Lot

Recently Sold

$195 Per Sq Ft

14% Below List Price

61 Days on Market

Highlights

  • Screened Pool
  • Gated Community
  • Main Floor Primary Bedroom
  • Heathrow Elementary School Rated A
  • Wood Flooring
  • Walk-In Pantry

About This Home

As of December 2024

PRICE IMPROVED!! 3,500 SQ FT HOME IN CHERRY RIDGE! Welcome to this spacious 5 bedroom, 3.5 bath home in the quiet sought after neighborhood of Cherry Ridge. Located in Heathrow, Lake Mary’s premier gated golf community! Enjoy comfortable living with plenty of space, a pool, several bedrooms, and a bonus family room! Roof is less than 3 years old! Features upon entry include a formal living area, formal dining area, and quick access to the master bedroom! Venturing further into the main floor you’ll find a GIANT living area, large kitchen with granite countertops and barstool seating, a breakfast bar, and pool/deck area with Mediterranean style flooring! Upstairs features a bonus family room (larger than the downstairs living) and four full sized bedrooms (3 OF WHICH HAVE CUSTOM CLOSETS)! Home could use a little TLC and has a motivated seller that is interested in reviewing offers! Entire home is located within the Heathrow Master Subdivison offering 24-hour Guards and a Park a short walk away! At Sawyer Lake Park you’ll find a basketball court, playgrounds, soccer fields, and a fishing pier! An optional Country Club membership is available providing access to the golf course, pool, fitness center, and tennis courts! Please reach out with any interest!

Last Agent to Sell the Property

Azim Manji

WEICHERT REALTORS HALLMARK PRO Brokerage Phone: 407-585-0500 License #3246555 Listed on: 08/26/2024

WEICHERT REALTORS HALLMARK PRO

Last Buyer's Agent

Hitesh Lallu

WEICHERT REALTORS HALLMARK PRO License #3437161

WEICHERT REALTORS HALLMARK PRO

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,853

Year Built

  • Built in 1997

Lot Details

  • 9,120 Sq Ft Lot
  • Northeast Facing Home
  • Property is zoned PUD

HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Slab Foundation
  • Shingle Roof
  • Block Exterior

Interior Spaces

  • 3,517 Sq Ft Home
  • 2-Story Property
  • Crown Molding
  • Ceiling Fan
  • Sliding Doors
  • Family Room Off Kitchen
  • Living Room
  • Wood Flooring
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Walk-In Pantry
  • Range
  • Recirculated Exhaust Fan
  • Microwave
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Closet Cabinetry
  • Walk-In Closet

Pool

  • Screened Pool
  • In Ground Pool
  • Fence Around Pool

Outdoor Features

  • Exterior Lighting
  • Private Mailbox

Utilities

  • Central Heating and Cooling System
  • Thermostat
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Deanna Sims/Sentry Association, Phone Number (407) 333-0884
  • Visit Association Website
  • Heathrow Association
  • Cherry Ridge/Heathrow Subdivision

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,853

Year Built

Built in 1997

Lot Details

0

HOA Fees

$235 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 3517
  • Lot Size Acres: 0.21
  • New Construction: No
  • Year Built: 1997
  • Building Area Total: 4323
  • Lot Size Sq Ft: 9120
  • Directions to Property: If entering from Lake Mary Blvd, enter the gate and proceed 1.5 miles down Heathrow Blvd till you see Cherry Ridge on the left. Enter in the neighborhood and take the first right. Take the first left. Home will be on the left hand side. If entering from HE Thomas, enter the gate and proceed .5 miles down Heathrow Blvd till you see Cherry Ridge on the right. Enter in the neighborhood and take the first right. Take the first left. Home will be on the left hand side.
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Escrow City: Orlando
  • Escrow Postal Code: 32801
  • Escrow State: FL
  • Escrow Street Name: East Colonial Drive
  • Escrow Street Number: 215
  • List Office Head Office Key Nume: 1050385
  • Minimum Lease: 1-2 Years
  • Number Of Pets: 2
  • RATIO Current Price By Calculate: 194.77
  • Total Acreage: 0 to less than 1/4
  • Unit Number YN: 0
  • Water Access YN: 0
  • MFR_BedroomClosetType: Built-in Closet
  • MFR_BedroomClosetType: Built-in Closet
  • MFR_BedroomClosetType: Walk-in Closet
  • MFR_InLawSuiteYN: 0
  • Attribution Contact: 407-585-0500
  • Tax Year: 2023
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Wood
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Interior Amenities: Kitchen/Family Room Combo, Ceiling Fans(s), Crown Molding, Eat-in Kitchen, Primary Bedroom Main Floor, Thermostat, Walk-In Closet(s)
  • Appliances Included: Disposal, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 5
  • Levels: Two
  • Stories: 2
  • Street Number Modifier: 1523
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 326.74
  • Room Count: 8

Exterior Features

  • Direction Faces: Northeast
  • Pool Features: In Ground, Screen Enclosure
  • Exterior Features: Lighting, Private Mailbox, Sliding Doors
  • Roof: Shingle
  • Pool Private: Yes
  • Waterfront: No
  • Road Surface Type: Asphalt
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0

Garage/Parking

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

Utilities

  • Utilities: Sprinkler Meter, BB/HS Internet Available, Cable Available, Electricity Available, Sewer Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 268
  • Association Fee Frequency: Quarterly
  • Association Name: Deanna Sims/Sentry
  • Phone: 407 333 0884
  • Association: Yes
  • Security: Gated Community
  • Senior Community: No
  • Association #2 Fee: 438
  • Association #2 Fee Frequency: Quarterly
  • Association: Heathrow
  • Association 2 YN: 1
  • Association Approval Required YN: 1
  • Pet Restrictions: Please check with HOA
  • Association Fee Requirement: Required
  • Association Email: dsims@sentrymgt,com
  • Association URL: heathrowcommunity.com

Fee Information

  • Total Annual Fees: 2824.00
  • Total Monthly Fees: 235.33
  • Monthly HOA Amount: 89.33

Lot Info

  • Zoning: PUD
  • Parcel Number: 02-20-29-5UY-0000-0300
  • Additional Parcels: No
  • Flood Zone Code: X
  • Homestead YN: 0
  • Lot Size Square Meters: 847

Rental Info

  • Pets Allowed: Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Please check with HOA

Tax Info

  • Tax Annual Amount: 8853
  • Tax Block: 1523
  • Tax Book Number: 52-54
  • Tax Lot: 30

Multi Family

  • Approval Process: Please check with HOA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2024
Closed on
Dec 12, 2024
Sold by
Spm Hospitality Group Llc
Bought by
Rafiuddin Syed Ahmed
Seller's Agent
Azim Manji
WEICHERT REALTORS HALLMARK PRO
Buyer's Agent
Hitesh Lallu
WEICHERT REALTORS HALLMARK PRO
List Price
$799,000
Sold Price
$685,000
Premium/Discount to List
-$114,000
-14.27%
Views
394
Current Estimated Value
$742,526

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,526
Avg. Annual Appreciation
10.46%

Purchase Details

Closed on
May 6, 2019
Sold by
Mukhi Sazad
Bought by
Spm Hospitality Group Llc

Purchase Details

Closed on
Jan 1, 2012
Sold by
Mukhi Shakir
Bought by
Spm Hospitality Group Llc

Purchase Details

Closed on
Nov 15, 2011
Sold by
Spm Hospitlity Croup Llc
Bought by
Mukhi Sajjad

Purchase Details

Closed on
Apr 12, 2011
Sold by
Nukhi Shjtan
Bought by
Nukhi Hospitality Llc

Purchase Details

Closed on
Jan 9, 2003
Sold by
Hayward D Hayward G and Hayward Ursula W
Bought by
Mukhi Sajjad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,000
Interest Rate
6.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 3, 1997
Sold by
Centex Homes
Bought by
Hayward G Douglas and Hayward Ursula W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,600
Interest Rate
7.39%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $700,000 Centurion Title Group
Warranty Deed $700,000 Centurion Title Group
Quit Claim Deed -- Attorney
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed $180,000 None Available
Warranty Deed $355,000 --
Warranty Deed $234,100 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $284,000 New Conventional
Previous Owner $60,000 Credit Line Revolving
Previous Owner $239,000 New Conventional
Previous Owner $210,600 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/12/2024 12/12/24 Sold $685,000 -12.1% $195 / Sq Ft
10/26/2024 10/26/24 Pending -- -- --
09/26/2024 09/26/24 Price Changed $779,500 0.0% $222 / Sq Ft
09/25/2024 09/25/24 Price Changed $4,300 -4.4% $1 / Sq Ft
09/23/2024 09/23/24 For Rent $4,500 0.0% --
09/11/2024 09/11/24 Price Changed $789,000 -1.3% $224 / Sq Ft
08/26/2024 08/26/24 For Sale $799,000 0.0% $227 / Sq Ft
09/22/2023 09/22/23 Rented $4,250 0.0% --
09/05/2023 09/05/23 For Rent $4,250 +46.6% --
12/09/2018 12/09/18 Rented $2,900 0.0% --
11/26/2018 11/26/18 Price Changed $2,900 -3.2% $1 / Sq Ft
11/07/2018 11/07/18 Price Changed $2,995 -6.3% $1 / Sq Ft
11/04/2018 11/04/18 For Rent $3,195 0.0% --
08/08/2018 08/08/18 Off Market $2,900 -- --
08/08/2018 08/08/18 Rented $2,900 0.0% --
08/07/2018 08/07/18 Sold $2,900 0.0% $1 / Sq Ft
08/01/2018 08/01/18 Price Changed $2,900 0.0% $1 / Sq Ft
08/01/2018 08/01/18 For Sale $524,500 0.0% $149 / Sq Ft
07/19/2018 07/19/18 For Rent $3,150 -- --
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 $8,906 $621,006 -- --
2023 $8,360 $564,551 $0 $0
2021 $6,676 $466,571 $105,000 $361,571
2020 $6,403 $443,313 $0 $0
2019 $5,994 $407,703 $0 $0
2018 $6,154 $414,038 $0 $0
2017 $6,338 $419,297 $0 $0
2016 $6,491 $426,950 $0 $0
2015 $6,101 $395,915 $0 $0
2014 $6,101 $396,104 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: O6236087

Stellar MLS

APN: 02-20-29-5UY-0000-0300