NOT LISTED FOR SALE

16602 Magnolia Terrace Montverde, FL 34756

Estimated Value: $651,000 - $770,000

4 Beds
3 Baths
2,766 Sq Ft
$256/Sq Ft Est. Value

Last Sold January 07, 2022

Last sale price $535,000 $193 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $4,502/month

22 Days on Market

Highlights

  • Oak Trees
  • View of Trees or Woods
  • Golf Cart Garage
  • Lake Minneola High School Rated A-
  • Florida Architecture
  • Separate Formal Living Room

About This Home

As of January 2022

Sometimes things just happen and you know it's right! Well this bright and open home located in the luscious tree lined, beautifully landscaped, serene neighborhood of Magnolia Terrace, IS RIGHT and AVAILABLE for you to see. This 4 bedroom 3 bath, 2700+ square foot home has a great split floorplan which means, giving everyone their own personal space and still having plenty of room for a large family gathering. The master suite and flex room are on the south end of the house with a guest bathroom while the other two bedrooms and third bathroom are on the north end. In between those hallways you'll find two family rooms, a formal dining room and a large spacious kitchen. Everyone will enjoy lounging in the front family room with a favorite book or watching their favorite show, catching up with a friend or just enjoying your beautiful view. The formal dining room seats family and friends of all sizes and leads off into the big open kitchen with a work island, a breakfast bar that seats 4 and an eat in kitchenette overlooking the beautiful conservation area called your back yard. Off the kitchen is yet another family room where fun times will be had by all. The laundry room, with a mop sink!! will make any family happy with all the extra storage and wood shelving. The home has a NEW ROOF (August) and the bathrooms just had a little up do with granite counter tops and new vanities. The whole neighborhood is just friendly and inviting and it really does make you want to call the Town of Montverde YOUR HOME. Magnolia Terrace is located near Montverde Academy, Bella Collina, S.R 50 & the Turnpike. They are a community of only 130 approximately half an acre, upscale custom and semi-custom homes, which were built between 2001 and 2021 by Kelly Homes, Ebbtide, Baybrook Homes, J&J Homes and most recently, Pillar Homes. Magnolia Terrace is bordered by SR455 and Fosgate Rd. in the beautiful Hills of Montverde, just northeast of Clermont. Come and check this out, you'll be happy you did!!
Showing Times Available Now!

Last Agent to Sell the Property

Gigi Capria

WE CAN DO IT REALTY License #3255135 Listed on: 11/05/2021

Last Buyer's Agent

Gerry Klaus

VELEZ COURTESY MANAGEMENT License #3254895

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,647

Year Built

  • Built in 2002

Lot Details

  • 0.76 Acre Lot
  • Near Conservation Area
  • East Facing Home
  • Mature Landscaping
  • Irrigation
  • Oak Trees
  • Wooded Lot
  • Land Lease expires 12/31/21

HOA Fees

  • $33 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Side Facing Garage
  • Garage Door Opener
  • Driveway
  • On-Street Parking
  • Open Parking
  • Golf Cart Garage

Home Design

  • Florida Architecture
  • Slab Foundation
  • Shingle Roof
  • Concrete Siding
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,766 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Coffered Ceiling
  • Tray Ceiling
  • High Ceiling
  • Ceiling Fan
  • French Doors
  • Sliding Doors
  • Great Room
  • Family Room Off Kitchen
  • Separate Formal Living Room
  • Formal Dining Room
  • Inside Utility
  • Laundry Room
  • Views of Woods

Kitchen

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

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 3 Full Bathrooms

Home Security

  • Security System Owned
  • Fire and Smoke Detector

Accessible Home Design

  • Accessible Full Bathroom
  • Grip-Accessible Features
  • Accessible Bedroom

Outdoor Features

  • Covered Patio or Porch
  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near a golf course
  • City Lot

Utilities

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

Community Details

  • Association fees include common area taxes
  • Magnolia Terrace HOA
  • Visit Association Website
  • Magnolia Terrace Ph 01 Subdivision
  • The community has rules related to allowable golf cart usage in the community

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,647

Year Built

Built in 2002

Lot Details

0

HOA Fees

$33 per month

Parking

3

Listing Details

  • HOA Fee Includes: Common Area Taxes
  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Florida
  • Construction Materials: Block, Concrete, Stucco
  • Fireplace: No
  • Living Area: 2766
  • Lot Size Acres: 0.76
  • New Construction: No
  • Year Built: 2002
  • Accessibility Features: Accessible Bedroom, Accessible Full Bath, Grip-Accessible Features
  • Lot Size Sq Ft: 33020
  • Directions to Property: Exit 272 off the turnpike, Take highway 50 west, Make a right on State Road 438, go left on Old Highway 50. Follow to round about and go left on Ridgewood Ave, make a left onto Magnolia Terrace, house will be on the right
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/G5048566?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/G5048566?w=Customer
  • Floor Number: 1
  • Homestead Y N: No
  • Total Acreage: 1/2 to less than 1
  • Unit Number Y N: No
  • Home Warranty Y N: No
  • Subdivision Num: 1300
  • Ratio: Close Price\List Price: 0.9729
  • Price per Sq Ft: 193.42
  • Close to Original List Price Ratio: 0.9729
  • View: Yes
  • Ownership: Fee Simple
  • Tax Year: 2020
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 3
  • Interior Amenities: Built in Features, Ceiling Fans(s), Coffered Ceiling(s), Eating Space In Kitchen, High Ceiling(s), Kitchen/Family Room Combo, Solid Surface Counters, Split Bedroom, Thermostat, Tray Ceiling(s), Walk-In Closet(s)
  • Appliances Included: Dishwasher, Disposal, Electric Water Heater, Microwave, Range, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 4
  • Levels: One
  • Stories: 1
  • Street Number Modifier: 16602
  • Room Count: 7
  • Additional Rooms: Family Room, Formal Dining Room Separate, Formal Living Room Separate, Great Room, Inside Utility

Exterior Features

  • Direction Faces: East
  • Exterior Features: French Doors, Irrigation System, Lighting, Rain Gutters, Sidewalk, Sliding Doors
  • Roof: Shingle
  • Pool Private: No
  • View: Trees/Woods
  • Waterfront: No
  • Patio and Porch Features: Covered, Front Porch, Patio, Porch, Rear Porch, Screened
  • Road Surface Type: Paved
  • Water View Y N: No
  • Number Of Wells: 1
  • Water Access Y N: No
  • Water Extras Y N: No
  • Disclosures: HOA/PUD/Condo Disclosure, Seller Property Disclosure

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Parking Features: Driveway, Garage Door Opener, Garage Faces Side, Golf Cart Garage, Guest, On Street, Oversized
  • Covered Parking Spaces: 3
  • Open Parking: Yes

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Electricity Available, Phone Available, Water Available
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Inside, Laundry Room
  • Sewer: Septic Tank
  • Water Source: Public, Well
  • Number Of Septics: 1
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Golf Carts OK
  • Association Fee: 400
  • Association Fee Frequency: Annually
  • Association Name: Magnolia Terrace HOA
  • Association: Yes
  • Security: Security System Owned, Smoke Detector(s)
  • Senior Community: No
  • Association Website: info@magnoliaterracehoa.org
  • Association Fee Requirement: Required
  • Association Approval Required YN: No

Fee Information

  • Total Annual Fees: 400
  • Monthly HOA Fee: 33.33
  • Total Monthly Fees: 33.33

Lot Info

  • Zoning: R-1
  • Parcel Number: 11-22-26-1300-000-00800
  • Additional Parcels: No
  • Lot Features: Conservation Area, City Lot, Near Golf Course, Sidewalk
  • Property Attached Yn: No
  • Flood Zone Code: X,AE
  • Flood Zone Date: 2012-12-18
  • Land Lease Expiration Date: 2021-12-31

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Minimum Lease: No Minimum
  • Pet Restrictions: Please Review HOA docs for all rules and regulations concerning pets and any other animals
  • Lease Restrictions Y N: No
  • Currency Monthly Rent Amt: 2395
  • Month To Month Or Weekly Y N: Yes
  • Additional Lease Restrictions: Please refer to HOA Rules and Regulations for all restrictions for leasing

Tax Info

  • Tax Annual Amount: 5647
  • Tax Block: 000
  • Tax Book Number: 43/45
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2021
Closed on
Jan 7, 2022
Sold by
Gjunkshi and Mirela
Bought by
Condron Matthew Benson and Condron Kelly R
Seller's Agent
Gigi Capria
WE CAN DO IT REALTY
Buyer's Agent
Gerry Klaus
VELEZ COURTESY MANAGEMENT
List Price
$549,900
Sold Price
$535,000
Premium/Discount to List
-$14,900
-2.71%
Current Estimated Value
$708,467

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$173,467
Avg. Annual Appreciation
8.42%
Original Mortgage
$395,000
Interest Rate
3.11%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 29, 2020
Closed on
Oct 16, 2020
Sold by
Horst Jeffery Layton
Bought by
Gjunkshi Kujtim and Gjunkshi Mirela
Seller's Agent
John Ardizone
ARDIZONE
Buyer's Agent
John Ardizone
ARDIZONE
List Price
$420,000
Sold Price
$385,000
Premium/Discount to List
-$35,000
-8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.67%
Original Mortgage
$288,750
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 9, 2019
Sold by
Horst Jeffrey Layton
Bought by
Horst Jeffrey Layton

Purchase Details

Closed on
Jul 16, 2001
Sold by
Ebbtide Const & Dev Inc
Bought by
Horst Raymond W and Horst Helen
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
Condron Matthew Benson $535,000 Loterstein Mark J
Condron Matthew Benson $535,000 None Listed On Document
Gjunkshi Kujtim $385,000 Fidelity Natl Ttl Of Fl Inc
Horst Jeffrey Layton -- Attorney
Horst Raymond W $41,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Condron Matthew Benson $395,000
Previous Owner Gjunkshi Kujtim $288,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/07/2022 01/07/22 Sold $535,000 -2.7% $193 / Sq Ft
11/27/2021 11/27/21 Pending -- -- --
11/05/2021 11/05/21 For Sale $549,900 +42.8% $199 / Sq Ft
10/16/2020 10/16/20 Sold $385,000 -8.3% $139 / Sq Ft
09/13/2020 09/13/20 Pending -- -- --
08/07/2020 08/07/20 For Sale $420,000 0.0% $152 / Sq Ft
07/23/2020 07/23/20 Pending -- -- --
07/16/2020 07/16/20 Price Changed $420,000 -4.5% $152 / Sq Ft
06/28/2020 06/28/20 For Sale $440,000 -- $159 / 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 $8,506 $545,440 -- --
2024 $8,506 $545,440 -- --
2023 $8,506 $530,359 $187,200 $343,159
2022 $6,446 $413,359 $70,200 $343,159
2021 $5,592 $352,699 $0 $0
2020 $5,637 $352,699 $0 $0
2019 $5,497 $327,401 $0 $0
2018 $3,057 $223,527 $0 $0
2017 $3,005 $218,930 $0 $0
2016 $2,992 $214,428 $0 $0
2015 $3,066 $212,938 $0 $0
2014 $2,981 $211,249 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Gigi Capria

    Seller's Agent in 2022

    Gigi Capria

    WE CAN DO IT REALTY

    (352) 630-5826

    37 Total Sales

    Gigi Capria
    Section Image

  • G

    Buyer's Agent in 2022

    Gerry Klaus

    VELEZ COURTESY MANAGEMENT

    (407) 929-6958

    28 Total Sales

    Gerry Klaus
    Section Image

  • J

    Seller's Agent in 2020

    John Ardizone

    ARDIZONE

    Section Image
  • John Ardizone Jr

    Seller Co-Listing Agent in 2020

    John Ardizone Jr

    MILLENNIA REALTY GRP, LLC

    (407) 970-3636

    17 Total Sales

    John Ardizone Jr
    Section Image
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Map

Source: Stellar MLS

MLS Number: G5048566

Stellar MLS

APN: 11-22-26-1300-000-00800

Florida Lake County Montverde 34756

16602 Magnolia Terrace, Montverde, FL

This home is located at 16602 Magnolia Terrace, Montverde, FL 34756 since 05 November 2021 and is currently estimated at $708,467, approximately $256 per square foot. This property was built in 2002. 16602 Magnolia Terrace is a home located in Lake County with nearby schools including Grassy Lake Elementary School, East Ridge Middle School, and Lake Minneola High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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