NOT LISTED FOR SALE

1587 Cypress Lake Rd Lake Wales, FL 33898

Estimated Value: $339,945 - $384,000

2 Beds
2 Baths
1,752 Sq Ft
$204/Sq Ft Est. Value

Last Sold February 10, 2021

Last sale price $247,000 $141 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $2,214/month

15 Days on Market

Highlights

  • Lake Front
  • Vaulted Ceiling
  • Solid Surface Countertops
  • Bartow Senior High School Rated A-
  • Wood Flooring
  • Skylights

About This Home

As of February 2021

Take a look at this beautifully remodeled 2 bedroom, 2 bathroom lake house on Cypress Lake. The home has an open concept and still maintains its original character. As you come through the foyer you have an immediate view of the lake. Through the foyer is the main house where the dining room and great room are connected. The great room features high vaulted ceilings, a wood burning fireplace and original stain glass windows. The updated kitchen has granite counters and bar, wood cabinets, all appliances (including a brand-new range), an abundance of pantry space and a cozy eat in nook. Both bedrooms have walk in closets along with updated bathrooms. The master bedroom has an amazing view of Cypress Lake and French doors which lead to the front balcony that runs the entire length of the front of the home. The living room also has French doors that connect to the same balcony, built in book cases, and overlooks the entire great room. The home has a large back porch and two new decks, one deck has a porch swing. A brand new 66ft dock was just installed and has a landing with a nice bench for seating while you are enjoying the views and/or fishing. The one car garage is the size of a two car garage with a new one car garage door, the other side has a workshop space. When viewing the home don't miss out on the additional office and craft room through the back garage door! This home has multiple upgrades including new light fixtures and fans throughout, new interior paint, new hot water heater, new outdoor lighting, and new gutters with screen protectors. In addition to the upgrades the home has original wood floors, double sealed sky lights which provide an abundance of natural light, a metal roof, and additional covered parking for a boat or vehicle. All of this and no HOA this home won't last long!

Last Agent to Sell the Property

Cody Sullivan

HARPER REALTY FL, LLC License #3160381 Listed on: 12/28/2020

Last Buyer's Agent

Russell Waldorff, Jr

LA ROSA REALTY PRESTIGE License #3413563

LA ROSA REALTY PRESTIGE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,032

Year Built

  • Built in 1988

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 100x125
  • Lake Front
  • Southeast Facing Home
  • Irrigation
  • Property is zoned RC

Parking

  • 1 Car Attached Garage

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Metal Roof

Interior Spaces

  • 1,752 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Gas Fireplace
  • French Doors
  • Combination Dining and Living Room
  • Water Views
  • Crawl Space
  • Attic Fan

Kitchen

  • Eat-In Kitchen
  • Range
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Well
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Tax Lot B
  • Assessor Parcel Number 28-29-36-938010-000212

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,032

Year Built

Built in 1988

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Water Extras: Dock - Wood
  • Water View: Yes
  • Construction Materials: Wood Frame
  • Fireplace: Yes
  • Living Area: 1752.00
  • Lot Size Acres: 0.31
  • Year Built: 1988
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/L4919840?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/L4919840?w=Customer
  • Lot Size Sq Ft: 13504
  • Down Payment Resource Assistance: https://www.workforce-resource.com/dpr/listing/MFRMLS/L4919840?w=PubMLS
  • Tax Year: 2019
  • Special Features: None

Interior Features

  • Room Count: 8
  • Fireplace Features: Gas
  • Living Area Units: Square Feet
  • Flooring: Laminate, Wood
  • Full Bathrooms: 2
  • Interior Amenities: Attic Fan, Ceiling Fans(s), Eating Space In Kitchen, Living Room/Dining Room Combo, Skylight(s), Solid Surface Counters, Vaulted Ceiling(s), Walk-In Closet(s)
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Range, Refrigerator, Washer
  • Foundation Details: Crawlspace, Slab
  • Total Bedrooms: 2
  • Levels: Two
  • Stories: 2
  • Living Area Meters: 162.77

Exterior Features

  • Direction Faces: Southeast
  • Water Extras: Yes
  • Waterfront Feet Lake: 100
  • Water Access: Lake
  • Exterior Features: French Doors, Irrigation System, Lighting, Rain Gutters
  • Roof: Metal
  • Water View: Lake
  • Flood Zone Code: AE
  • Water Access: Yes
  • View: Water
  • Water Body Name: CYPRESS LAKE
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1
  • Garage Yn: Yes

Utilities

  • Utilities: Electricity Connected
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Septic Tank
  • Water Source: Well

Fee Information

  • Waterfront Frontage: 100

Lot Info

  • Total Acreage: 1/4 to less than 1/2
  • Zoning: RC
  • Parcel Number: 28-29-36-938010-000212
  • Lot Dimensions: 100x125
  • Lot Size Square Meters: 1255

Rental Info

  • Minimum Lease: No Minimum

Tax Info

  • Tax Annual Amount: 1032.26
  • Tax Book Number: 31-55
  • Tax Lot: B

Multi Family

  • Waterfront Features: Lake

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 28, 2020
Closed on
Feb 9, 2021
Sold by
Taguri Abdussalam Mohamed and Taguri Abdussalam M
Bought by
Hampton Zachary and Tomlinson Vanessa Lynn
Seller's Agent
Cody Sullivan
HARPER REALTY FL, LLC
Buyer's Agent
Russell Waldorff, Jr
LA ROSA REALTY PRESTIGE
List Price
$250,000
Sold Price
$247,000
Premium/Discount to List
-$3,000
-1.2%
Current Estimated Value
$368,597

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$121,597
Avg. Annual Appreciation
8.39%
Original Mortgage
$242,526
Outstanding Balance
$219,029
Interest Rate
2.6%
Mortgage Type
FHA
Estimated Equity
$136,487

Purchase Details

Closed on
Sep 25, 2020
Sold by
Bell Michael and Bond Lisa B
Bought by
Taguri Abdussalam M
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
Hampton Zachary $247,000 Home Solution Title
Taguri Abdussalam M $165,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hampton Zachary $242,526
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/10/2021 02/10/21 Sold $247,000 -1.2% $141 / Sq Ft
01/12/2021 01/12/21 Pending -- -- --
01/01/2021 01/01/21 For Sale $250,000 0.0% $143 / Sq Ft
12/29/2020 12/29/20 Pending -- -- --
12/28/2020 12/28/20 For Sale $250,000 -- $143 / 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
2023 $3,092 $239,248 $0 $0
2022 $3,004 $232,280 $45,000 $187,280
2021 $2,660 $159,629 $41,000 $118,629
2020 $1,065 $85,091 $0 $0
2018 $997 $81,627 $0 $0
2017 $976 $79,948 $0 $0
2016 $937 $78,304 $0 $0
2015 $599 $77,760 $0 $0
2014 $877 $77,143 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: L4919840

Stellar MLS

APN: 28-29-36-938010-000212