NOT LISTED FOR SALE

1628 Hancock Lone Palm Rd Orlando, FL 32828

Estimated Value: $755,356 - $1,038,000

4.97 Acres
$172,123 Price per Acre
216,493 Sq Ft Lot

Last Sold February 23, 2021

Last sale price $560,000

Est. 53% increase in value since last sale

Current estimated payment $5,365/month

129 Days on Market

Highlights

  • Oak Trees
  • Partially Fenced Property
  • Near Conservation Area
  • High Speed Internet

About This Lot

As of February 2021

LOCATION….. LOCATION…. LOCATION….. Attention to Investors, and Developers . This is a unique opportunity to purchase this Vacant Land with 4.97 Acres.
This property is perfectly positioned within most desirable area to live and it is strategically located just side to side to existing neighborhood developed as WaterFord Creek, already sold.
Very close proximity to East Colonial Drive(50),at a convenient retail shopping centers, medical providers, public schools, 7 min UCF College, Avalon Park, and off 408 Highway, with is in route to Downtown Orlando,
and Orlando airport, route to Beaches, and so on.
The property has an old house, as is, but helps to save one impact fee.
All services are on the front, water, sewer, cable and phone lines.

This parcel has been rezoned from Residential R1(1 single family house) to Residential district(RSD-2) which means Residential multi-family. It has permit from Planning and Zoning in
Orange County to develop 11- 15 Single Family Dwelling homes. Also has a School capacity determination approved letter; and Conservation Area Determination (CAD) approved and
the Conservation Area Impact permit(CAI) permit approved by Orange county Environmental Protection Division as well.

In addition to this, the property has other important documents to allow a feasible investment, such as:
- Boundary and Topo Complete Survey.
- Surface Soil exploration and Geotechnical Engineering Evaluation (Complete Soil test))
-The Mitigation Bank for Wetland has been paid.
-The RAI to get the permit before the St Joseph River Management District (SJRMD) ; also other documents are working at current time in order to get approval, such as Preliminary Subdivision Plan (PSP) , the Subdivision Construction Plan including Underground utilities, Storm water retention Pond , Paving plan , Arbor permit and Landscaping irrigation plan, except Lightning Plan. Permitting are including

Last Agent to Sell the Property

Yumiry Torres

LA ROSA REALTY KISSIMMEE License #3339496 Listed on: 09/15/2020

LA ROSA REALTY KISSIMMEE

Last Buyer's Agent

Erica Magtira

LPT REALTY, LLC License #3343743

LPT REALTY, LLC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,129

Lot Details

  • 4.97 Acre Lot
  • Lot Dimensions are 165x1304176x1304
  • Near Conservation Area
  • Partially Fenced Property
  • Oak Trees
  • Property is zoned R-2

Outdoor Features

  • Utility Building

Utilities

  • High Speed Internet
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 023
  • Assessor Parcel Number 23-22-31-0000-00-023

Property Details

Property Type

Land

Est. Annual Taxes

$3,129

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Residential
  • Lot Size Acres: 4.97
  • Lot Size Sq Ft: 216341
  • Directions to Property: Come from the Exit 408 onto SR 50 (Colonial Drive) and go right on SR 50. Right on Hancock Lone Palm Rd. Property will be on the right.
  • Escrow State: FL
  • List Office Head Office Key Nume: 523954023
  • Status: Sold
  • Tax Year: 2020
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Street Number Modifier: 1628

Exterior Features

  • Other Structures: Utility
  • Flood Zone Code: X
  • Road Frontage Type: City Street

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Electricity Available, Phone Available, Street Lights, Water Available
  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Price Per Acre: 112676
  • Total Acreage: 2 to less than 5
  • Zoning: R-2
  • Parcel Number: 23-22-31-0000-00-023
  • Current Use: Residential
  • Fencing: Partial
  • Lot Features: Buildable, Conservation Area
  • Lot Dimensions: 165x1304176x1304
  • Lot Size Square Meters: 20099

Tax Info

  • Tax Annual Amount: 3128.83
  • Tax Block: 00
  • Tax Book Number: 0000
  • Tax Lot: 023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 15, 2020
Closed on
Feb 23, 2021
Sold by
Investments Alliance Llc
Bought by
Sumas Edge Llc
Seller's Agent
Yumiry Torres
LA ROSA REALTY KISSIMMEE
Buyer's Agent
Erica Magtira
LPT REALTY, LLC
List Price
$498,000
Sold Price
$560,000
Premium/Discount to List
$62,000
12.45%
Current Estimated Value
$855,452

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$295,452
Avg. Annual Appreciation
9.54%

Purchase Details

Closed on
Jul 6, 2018
Sold by
Hansley Christine
Bought by
Investments Alliance Llc
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
Sumas Edge Llc $560,000 Celebration Title Group
Investments Alliance Llc $200,000 Ticon Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hansley Christine $102,000
Previous Owner Hansley Christine $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/23/2021 02/23/21 Sold $560,000 -2.6% --
01/22/2021 01/22/21 Pending -- -- --
11/02/2020 11/02/20 Price Changed $575,000 +15.5% --
10/26/2020 10/26/20 For Sale $498,000 0.0% --
09/25/2020 09/25/20 Pending -- -- --
09/15/2020 09/15/20 For Sale $498,000 -- --
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
2025 $9,960 $600,000 $600,000 --
2024 $6,436 $600,000 $600,000 --
2023 $6,436 $397,600 $397,600 $0
2022 $6,430 $397,600 $397,600 $0
2021 $3,240 $189,059 $173,950 $15,109
2020 $3,129 $189,059 $173,950 $15,109
2019 $3,294 $189,059 $173,950 $15,109
2018 $531 $50,230 $0 $0
2017 $514 $127,906 $115,180 $12,726
2016 $490 $124,067 $111,825 $12,242
2015 $496 $121,132 $109,340 $11,792
2014 $532 $121,132 $109,340 $11,792
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: O5892123

Stellar MLS

APN: 23-2231-0000-00-023