NOT LISTED FOR SALE

1537 Lake Rhea Dr Windermere, FL 34786

Estimated Value: $1,072,000 - $1,144,000

5 Beds
4 Baths
3,587 Sq Ft
$308/Sq Ft Est. Value

Last Sold September 28, 2023

Last sale price $1,090,000 $304 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $7,183/month

7 Days on Market

Highlights

  • Fitness Center
  • Heated In Ground Pool
  • Gated Community
  • Lake Whitney Elementary School Rated A
  • Fishing
  • Open Floorplan

About This Home

As of September 2023

This custom, Arthur Rutenburg, built home, offers 5 bedrooms, 4 bath estate with screened pool & spa on premium corner lot! Located in well sought after security guard gated Reserve at Belmere. Exquisite grand entrance with iron grills double doors welcomes you to unique design dining with coffered ceilings floating into a majestic triple-tray living room. Engineered hardwood flooring in all the bedrooms. Ceramic tile in all wet areas. Exterior and interior paint w/faux finishes, crown molding, LED canned lighting, surround sound music w/zoned controls throughout home and wired Smart Home technology w/CAT-5. Gourmet kitchen features granite countertops and 42-inch custom cabinetry, wine refrigerator and coffee bar. Bonus guest room with full bath has separate entry. Amazing Florida outdoor living offers custom summer kitchen, heather pool, spa and gas fire pit. Oversized 3 car garage. Located in the heart of Windermere this community has so much to offer such as tennis courts, playground, fitness facility, fishing lakes and more...! A-rated schools! Definite must see!

Last Agent to Sell the Property

Olga Spirydzionak

PREMIER SOTHEBYS INT'L REALTY Brokerage Phone: 407-383-3231 License #3360890 Listed on: 08/22/2023

PREMIER SOTHEBYS INT'L REALTY

Last Buyer's Agent

Joy Arogundade

UNITED SHARES REAL ESTATE LLC License #3435284

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,924

Year Built

  • Built in 2003

Lot Details

  • 0.38 Acre Lot
  • North Facing Home
  • Child Gate Fence
  • Mature Landscaping
  • Corner Lot
  • Oversized Lot
  • Irrigation
  • Landscaped with Trees
  • Property is zoned P-D

HOA Fees

  • $183 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Rear-Facing Garage
  • Side Facing Garage
  • Garage Door Opener

Home Design

  • Contemporary Architecture
  • Mediterranean Architecture
  • Bi-Level Home
  • Slab Foundation
  • Tile Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 3,587 Sq Ft Home
  • Open Floorplan
  • Crown Molding
  • High Ceiling
  • Ceiling Fan
  • Non-Wood Burning Fireplace
  • Gas Fireplace
  • Shutters
  • Blinds
  • Sliding Doors
  • Family Room with Fireplace
  • Separate Formal Living Room
  • Breakfast Room
  • Formal Dining Room
  • Den
  • Bonus Room
  • Inside Utility
  • Pool Views
  • Fire and Smoke Detector
  • Attic

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Built-In Oven
  • Cooktop with Range Hood
  • Recirculated Exhaust Fan
  • Dishwasher
  • Solid Surface Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 4 Full Bathrooms

Pool

  • Heated In Ground Pool
  • Pool Sweep
  • Heated Spa

Outdoor Features

  • Deck
  • Enclosed Patio or Porch
  • Outdoor Kitchen
  • Exterior Lighting
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Sentry Management/Carlos Borrero Association, Phone Number (352) 243-4595
  • Visit Association Website
  • Reserve At Belmere Subdivision
  • The community has rules related to deed restrictions

Recreation

  • Tennis Courts
  • Recreation Facilities
  • Community Playground
  • Fitness Center
  • Fishing

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,924

Year Built

Built in 2003

Lot Details

0

HOA Fees

$183 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Contemporary, Mediterranean
  • Construction Materials: Block, Stucco
  • Fireplace: Yes
  • Living Area: 3587
  • Lot Size Acres: 0.38
  • New Construction: No
  • Year Built: 2003
  • Building Area Total: 4870
  • Lot Size Sq Ft: 16538
  • Directions to Property: North on McGuire Rd from Windermere. Left in Reserve at Belmere. Stop at guard gate. Then left on Glenheather. Right on Lake Rhea Dr.
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Escrow State: FL
  • List Office Head Office Key Nume: 550698234
  • Minimum Lease: 8-12 Months
  • RATIO Current Price By Calculate: 303.88
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number YN: 0
  • Water Access YN: 0
  • Planned Unit Development Yn: 1
  • Tax Year: 2022
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Family Room, Gas, Non Wood Burning
  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile, Wood
  • Full Bathrooms: 4
  • Interior Amenities: Ceiling Fans(s), Crown Molding, High Ceilings, Master Bedroom Main Floor, Open Floorplan, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Walk-In Closet(s)
  • Appliances Included: Built-In Oven, Cooktop, Dishwasher, Disposal, Exhaust Fan, Gas Water Heater, Range Hood, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 5
  • Levels: Two
  • Spa Features: Heated
  • Spa Yn: Yes
  • Window Features: Blinds, Shutters
  • Street Number Modifier: 1537
  • ResoLivingAreaSource: PublicRecords
  • Additional Rooms: Attic,Bonus Room,Breakfast Room Separate,Den/Library/Office,Family Room,Formal Dining Room Separate,Formal Living Room Separate,Inside Utility
  • Living Area Meters: 333.24
  • Room Count: 10

Exterior Features

  • Direction Faces: North
  • Other Structures: Outdoor Kitchen
  • Pool Features: Child Safety Fence, Heated, In Ground, Pool Sweep
  • Exterior Features: Irrigation System, Lighting, Outdoor Kitchen, Rain Gutters, Sliding Doors
  • Roof: Tile
  • Home Warranty: No
  • Pool Private: Yes
  • View: Pool
  • Waterfront: No
  • Patio and Porch Features: Deck, Enclosed, Patio, Porch, Screened
  • Road Surface Type: Asphalt
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0
  • Flood Zone Date: 2009-09-25
  • Flood Zone Panel: 12095C0220F

Garage/Parking

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

Utilities

  • Utilities: Cable Available, Electricity Connected, Public, Street Lights, Underground Utilities
  • Cooling: Central Air
  • Heating: Central, Electric
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Deed Restrictions, Fishing, Fitness Center, Playground, Tennis Courts
  • Association Amenities: Fitness Center, Gated, Playground, Recreation Facilities, Tennis Court(s)
  • Association Fee: 183
  • Association Fee Frequency: Monthly
  • Association Name: Sentry management/Carlos Borrero
  • Phone: 352-243-4595
  • Association: Yes
  • Security: Gated Community, Smoke Detector(s)
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 0
  • Pet Restrictions: Verify with HOA
  • Association Fee Requirement: Required
  • Association Email: cborrero@sentrymgt.com
  • Association URL: www.sentrymgt.com

Fee Information

  • Total Annual Fees: 2196.00
  • Total Monthly Fees: 183.00
  • Monthly HOA Amount: 183.00

Lot Info

  • Zoning: P-D
  • Parcel Number: 31-22-28-7353-02-400
  • Additional Parcels: No
  • Fencing: Fenced
  • Lot Features: Corner Lot, In County, Oversized Lot, Sidewalk, Paved
  • Flood Zone Code: X
  • Homestead YN: 1
  • Lot Size Square Meters: 1536

Green Features

  • Green Verification Count: 0

Rental Info

  • Pets Allowed: Yes
  • Lease Restrictions YN: 0
  • Additional Lease Restrictions: Confirm/check w/HOA

Tax Info

  • Tax Annual Amount: 7924
  • Tax Block: B
  • Tax Book Number: 48/144
  • Tax Lot: 40

Multi Family

  • Approval Process: Confirm/check w/HOA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2023
Closed on
Sep 28, 2023
Sold by
Pavlova Olga and Pavlova Veniamin
Bought by
Uchegbu Oluchi Bridget and Uchegbu Maurice Chiawolamoke
Seller's Agent
Olga Spirydzionak
PREMIER SOTHEBYS INT'L REALTY
Buyer's Agent
Joy Arogundade
UNITED SHARES REAL ESTATE LLC
List Price
$1,090,000
Sold Price
$1,090,000
Views
99
Current Estimated Value
$1,105,433

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,433
Avg. Annual Appreciation
0.71%
Original Mortgage
$726,000
Outstanding Balance
$711,643
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$393,790

Purchase Details

Listed on
Jul 7, 2017
Closed on
Nov 13, 2017
Sold by
National Transfer Servics Llc
Bought by
Pavlova Olga and Move Veniamin
Seller's Agent
Gail Johnson
COLDWELL BANKER REALTY
List Price
$650,000
Sold Price
$600,000
Premium/Discount to List
-$50,000
-7.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.71%
Original Mortgage
$417,000
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 28, 2010
Sold by
Gehring Ronald I and Gehring Amy S
Bought by
Hamilton Timothy O and Hamilton Vanessa G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$415,000
Interest Rate
4.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 14, 2003
Sold by
Applied Building Development Of Orlando
Bought by
Gehring Ronald L and Gehring Amy S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 24, 2003
Sold by
Maguire Road Property Ltd
Bought by
Applied Bldg Development Of Orlando Bl I
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
Uchegbu Oluchi Bridget $1,090,000 Core Title Services
Pavlova Olga $600,000 Stewart Title Company
National Transfer Services Llc $600,000 Stewart Title Company
Hamilton Timothy O $565,000 Sunbelt Title Agency
Gehring Ronald L $438,000 Enterprise Title Of Cf
Applied Bldg Development Of Orlando Bl I $144,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Uchegbu Oluchi Bridget $726,000
Previous Owner Pavlova Olga $417,000
Previous Owner Hamilton Timothy O $415,000
Previous Owner Gehring Ronald L $322,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/28/2023 09/28/23 Sold $1,090,000 0.0% $304 / Sq Ft
08/30/2023 08/30/23 Pending -- -- --
08/22/2023 08/22/23 For Sale $1,090,000 +81.7% $304 / Sq Ft
08/17/2018 08/17/18 Off Market $600,000 -- --
11/16/2017 11/16/17 Sold $600,000 -4.0% $167 / Sq Ft View Prior Sale
09/01/2017 09/01/17 Pending -- -- --
07/28/2017 07/28/17 Price Changed $625,000 -3.8% $174 / Sq Ft
07/07/2017 07/07/17 For Sale $650,000 -- $181 / 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
2025 $13,390 $875,102 -- --
2024 $8,181 $850,450 $130,000 $720,450
2023 $8,181 $548,472 $0 $0
2022 $7,924 $532,497 $0 $0
2021 $7,821 $516,987 $100,000 $416,987
2020 $8,146 $515,582 $95,000 $420,582
2019 $8,502 $509,177 $85,000 $424,177
2018 $8,444 $499,312 $85,000 $414,312
2017 $7,488 $493,299 $95,000 $398,299
2016 $7,464 $479,102 $95,000 $384,102
2015 $7,597 $468,464 $85,000 $383,464
2014 $7,691 $469,607 $85,000 $384,607
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: O6136051

Stellar MLS

APN: 31-2228-7353-02-400