NOT LISTED FOR SALE

1541 Handleman Dr Oviedo, FL 32765

Estimated Value: $524,000 - $926,000

9.99 Acres
$68,161 Price per Acre
435,164 Sq Ft Lot

Last Sold February 21, 2024

Last sale price $580,000

Est. 17% increase in value since last sale

Current estimated payment $4,035/month

561 Days on Market

Highlights

  • 380 Feet of Lake Waterfront
  • 9.99 Acre Lot
  • Cul-De-Sac
  • Evans Elementary School Rated A
  • No HOA
  • Landscaped with Trees

About This Lot

As of February 2024

Last buyer defaulted so this great Lakefront lot on a ski lake is back on the market! View NEW Virtual TOUR! True Waterfont land in an amazing location. Walk round and envision where your NEW custom home can be built. One acre recently mulched along the waters edge. Rest is wild and true Florida! Major Price reduction! Owner sells SELL! GO TO THE PROPERTY AND WALK IT to see the real FLORIDA beauty of this land. Over 369ft of lakefront frontage on a spring fed lake lined with Cypress Trees. Now is your chance to build an estate home with an attached ADU (For the college student or in-laws) in a no HOA community that is very close in. One-of-a-kind property. 10 ACRES ON THE WATER! Are you looking for land to build a multi-Million dollar one of a kind WATERFRONT Estate in the heart of one of Central Florida's communities? This entire area is surrounded by executive homes that people don't even know about. This property has high spots and low spots (Less to MOW) and is easily accessible by foot. Most of the acreage has lots of underbrush but as you drive down the street you can see the potential and possibilities it holds. Oviedo is one of the most amazing and top-rated communities in the Central Florida area. This little pocket of large properties is one of the BEST KEPT SECRETS in Orlando! Rare Find of true paradise Acreage. When only the Sandy soil and Pines will do for your CUSTOM HOME SITE! HO HOA, Private area of horse farms and Estate home in the heart of Oviedo. SEE VIDEO from the air. This Lakefront Parcel is tucked away from civilization in an incredible location. A "Must DRIVE by" location, this area is a private enclave of Million Dollar Custom homes located in the fast-growing Oviedo. Bring your horses and ride among the pines. Country living yet close to all of your amenities. Build your own private WATERFRONT estate on this amazing parcel of land. Nature abounds throughout the approximate 8+ acres of dry land (No Flooding during Ian) plus riparian rights where your land extends out into the lake under the water. On this land you will find an abundance of live oaks, pine trees, saw palmettos and other Florida wildlife such as deer and turtles. The only sounds you'll hear are the wind blowing through the trees, osprey and eagles chirping. LOCATION! The property is less than 10 minutes to the 417, 15 minutes to UCF, however it's surrounded by executive custom properties. Shoreline is around 400 ft of water frontage on Lake Cypress is a true dream. Enjoy the water sports on the lake for now or hold onto the property until you can find out what is the right custom home builder for you. This area is one of the best kept secrets in Oviedo. The minute you hit McCullough and drive to your home you will feel the stress melt away. They are not making any more waterfront land, especially not 5 minutes from the 417 and moments to UCF, Research Park and the Engineering Corridor in one of Central Florida's greatest Cities! Build yourself a dock for now and use the property for your boating and party needs and wait to build your family compound later! Bring us an offer. Last lot on this private Lake. Drive down to the last sign on the east side of the property and park right there by the sign and get out an take a look. You will be very pleased you did. Bring us an offer!

Last Agent to Sell the Property

Laurie Cash Cain

CHARLES RUTENBERG REALTY ORLANDO Brokerage Phone: 407-622-2122 License #410039 Listed on: 06/17/2022

CHARLES RUTENBERG REALTY ORLANDO

Last Buyer's Agent

Laurie Cash Cain

CHARLES RUTENBERG REALTY ORLANDO Brokerage Phone: 407-622-2122 License #410039 Listed on: 06/17/2022

CHARLES RUTENBERG REALTY ORLANDO

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,181

Lot Details

  • 9.99 Acre Lot
  • 505 Ft Wide Lot
  • 380 Feet of Lake Waterfront
  • Lake Front
  • Cul-De-Sac
  • North Facing Home
  • Landscaped with Trees
  • Property is zoned A-1

Property Views

  • Lake Views

Schools

  • Evans Elementary School
  • Tuskawilla Middle School
  • Lake Howell High School

Listing and Financial Details

  • Legal Lot and Block 1S / 301
  • Assessor Parcel Number 32-21-31-301-001S-0000

Community Details

Overview

  • No Home Owners Association
  • MC Culloch Sub Unit 1 5 Acre Dev Subdivision

Recreation

  • Access To Lake
  • Water Skiing Allowed

Property Details

Property Type

Land

Est. Annual Taxes

$5,181

Lot Details

0

Listing Details

  • Property Type: Land
  • Lot Size Acres: 9.99
  • Lot Size Sq Ft: 446490
  • Directions to Property: 417 heading north to Aloma exit. Exit east and follow Aloma to Dead. Turn south on Dean ad go to the first light which is McCullough. Turn left or east. Follow to Branton. (If you continue past Branton you can see all the beautiful horse farms.) Turn onto Branton and follow to Handleman. Property is on the right. Property stops right before the lake clearing. That is the adjacent neighbors land and is private property. Please don't walk on it. Good to see with an example of your future view.
  • Status: Sold
  • Ownership: Fee Simple
  • Escrow City: Orlando
  • Escrow Postal Code: 32810
  • Escrow State: FL
  • Escrow Street Name: Pembrook Dr. Ste 300
  • Escrow Street Number: 1800
  • List Office Head Office Key Nume: 1049393
  • RATIO Current Price By Calculate: 1.30
  • Total Acreage: 5 to less than 10
  • Water Access YN: 1
  • Attribution Contact: 407-622-2122
  • Tax Year: 2021
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Interior Features

  • Living Area Units: Square Feet
  • Street Number Modifier: 1541

Exterior Features

  • Direction Faces: North
  • Water Body Name: LAKE CYPRESS
  • Waterfront: Yes
  • Road Surface Type: Gravel
  • Disclosures: Seller Property Disclosure
  • Water Access: Lake
  • Water Extras: Skiing Allowed
  • Water Extras YN: 1
  • Water View: Lake
  • Water View YN: 1
  • Waterfront Feet Total: 380
  • Flood Zone Date: 2007-09-28
  • Flood Zone Panel: 12117C0280F
  • Water Frontage Feet Lake: 380
  • Price Per Acre: 58058

Utilities

  • Utilities: Electrical Nearby, Electricity Available
  • Sewer: None
  • Water Source: None

Condo/Co-op/Association

  • Association: No
  • Association 2 YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Schools

  • Elementary School: Evans Elementary
  • High School: Lake Howell High
  • Middle Or Junior School: Tuskawilla Middle

Lot Info

  • Zoning: A-1
  • Parcel Number: 32-21-31-301-001S-0000
  • Additional Parcels: No
  • Current Use: Unimproved
  • Lot Features: Buildable, Cul-De-Sac
  • Lot Dimensions: 518x157x120x100x174x150x283x
  • Flood Zone Code: X
  • Lot Size Square Meters: 41480
  • Zoning Compatible YN: 1
  • Current Adjacent Use: Residential

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Annual Amount: 5181
  • Tax Block: 301
  • Tax Book Number: 00/00
  • Tax Lot: 1S

Multi Family

  • Waterfront Features: Lake

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2022
Closed on
Feb 21, 2024
Sold by
Mcfadden Richard D and Mcfadden Kyme D
Bought by
Barsoum Basiem W and Barsoum Jennifer M
Seller's Agent
Laurie Cash Cain
CHARLES RUTENBERG REALTY ORLANDO
Buyer's Agent
Laurie Cash Cain
CHARLES RUTENBERG REALTY ORLANDO
List Price
$680,000
Sold Price
$580,000
Premium/Discount to List
-$100,000
-14.71%
Views
245
Current Estimated Value
$680,927

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,927
Avg. Annual Appreciation
10.02%
Original Mortgage
$330,000
Outstanding Balance
$309,767
Interest Rate
7.38%
Mortgage Type
New Conventional
Estimated Equity
$371,160

Purchase Details

Closed on
Mar 3, 1999
Sold by
Mcfadden Richard D and Mcfadden Kyme D
Bought by
Mcfadden Kyme D

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
6.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 1, 1996
Bought by
Mcfadden Kyme D

Purchase Details

Closed on
Apr 1, 1989
Bought by
Mcfadden Kyme D
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 Buyer Sale Price Title Company
Barsoum Basiem W $580,000 New Urban Title & Escrow
Mcfadden Kyme D $100 --
Mcfadden Kyme D $70,000 --
Mcfadden Kyme D $1,600,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barsoum Basiem W $330,000
Previous Owner Mcfadden Kyme D $50,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/21/2024 02/21/24 Sold $580,000 -14.7% --
12/31/2023 12/31/23 Pending -- -- --
12/23/2023 12/23/23 For Sale $680,000 0.0% --
10/29/2023 10/29/23 Pending -- -- --
06/07/2023 06/07/23 Price Changed $680,000 -19.9% --
06/17/2022 06/17/22 For Sale $849,000 -- --
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 $5,650 $427,726 $427,726 --
2023 $5,516 $414,495 $414,495 $0
2021 $5,181 $364,947 $0 $0
2020 $4,737 $352,120 $0 $0
2019 $4,569 $352,018 $0 $0
2018 $4,418 $352,018 $0 $0
2017 $4,312 $249,264 $0 $0
2016 $3,436 $226,604 $0 $0
2015 $3,519 $226,604 $0 $0
2014 $3,519 $226,604 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: O6033899

Stellar MLS

APN: 32-21-31-301-001S-0000