NOT LISTED FOR SALE

2040 Lake Markham Rd Sanford, FL 32771

Estimated Value: $695,092 - $753,000

2 Beds
2 Baths
1,784 Sq Ft
$402/Sq Ft Est. Value

Last Sold June 21, 2022

Last sale price $700,000 $392 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $4,696/month

1 Day on Market

Highlights

  • 100 Feet of Waterfront
  • Parking available for a boat
  • Lake View
  • Wilson Elementary School Rated A
  • Oak Trees
  • 1.33 Acre Lot

About This Home

As of June 2022

Located on beautiful Lake Markham in North Seminole County. 1.3+ acres with 100' frontage on highly desirable, Lake Markham, an 85 acre spring-fed ski lake. Property is listed separately on MLS#O6024311. Value is in the land. Lake Markham is an 85 acre ski lake, fed by at least 7 spring. Per current owner, who had the home built in 1961, 2 of the springs are located in front of this property. City water is connected. Septic tank recently redone. House is redeemable, but will need much TLC and repair. Precedent has been set that this parcel may possibly be divided. Buyer to check with local authorities if subdividing is anticipated.. Home was built in 1961 and has some charming features, such as stone fireplace and tongue and groove ceilings. Seller Disclosure details items of concern for the house. Freezer and refrigerator in laundry room do not convey.

Last Agent to Sell the Property

Rose Ann Dean

ROSE ANN DEAN License #663579 Listed on: 05/18/2022

Last Buyer's Agent

Jennifer King

KELLER WILLIAMS HERITAGE REALTY License #3101654

KELLER WILLIAMS HERITAGE REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,616

Year Built

  • Built in 1961

Lot Details

  • 1.33 Acre Lot
  • 100 Feet of Waterfront
  • Lake Front
  • East Facing Home
  • Mature Landscaping
  • Irrigation
  • Cleared Lot
  • Oak Trees
  • Property is zoned A-1

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway
  • Open Parking
  • Parking available for a boat

Property Views

  • Lake
  • Woods

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Shingle Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,784 Sq Ft Home
  • High Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Awning
  • Drapes & Rods
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Laundry Room

Kitchen

  • Range
  • Solid Wood Cabinet

Flooring

  • Carpet
  • Laminate
  • Cork
  • Concrete

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Home Security

  • Home Security System
  • Security Lights

Outdoor Features

  • Access To Lake
  • Water Skiing Allowed
  • Screened Patio
  • Rear Porch

Schools

  • Wilson Elementary School
  • Sanford Middle School
  • Seminole High School

Horse Facilities and Amenities

  • Zoned For Horses

Utilities

  • Central Air
  • Heat Pump System
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Lake Markham Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,616

Year Built

Built in 1961

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Contemporary
  • Construction Materials: Block, Stucco
  • Fireplace: Yes
  • Living Area: 1784
  • Lot Size Acres: 1.33
  • New Construction: No
  • Year Built: 1961
  • Building Area Total: 2736
  • Lot Size Sq Ft: 58000
  • Directions to Property: SR 46 West to Lake Markham Road. South on Lake Markham Rd. Look for sign.
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/O6024310?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/O6024310?w=Customer
  • Homestead Y N: Yes
  • Total Acreage: 1 to less than 2
  • Unit Number Y N: No
  • Home Warranty Y N: No
  • Ratio: Close Price\List Price: 1.07692
  • Price per Sq Ft: 392.38
  • Close to Original List Price Ratio: 1.07692
  • Ratio: Current Price\Building Area Total: 255.85
  • View: Yes
  • Ownership: Fee Simple
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Living Room, Wood Burning
  • Living Area Units: Square Feet
  • Flooring: Carpet, Concrete, Cork, Laminate
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), High Ceiling(s), Living Room/Dining Room Combo, Solid Wood Cabinets
  • Appliances Included: Range, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Window Features: Drapes, Rods
  • Street Number Modifier: 2040
  • Room Count: 7

Exterior Features

  • Direction Faces: East
  • Exterior Features: Awning(s), Irrigation System
  • Roof: Roof Over, Shingle
  • Pool Private: No
  • View: Trees/Woods, Water
  • Water Body Name: Lake Markham
  • Waterfront: Yes
  • Patio and Porch Features: Rear Porch, Screened
  • Road Surface Type: Paved
  • Water View: Lake
  • Water Access: Lake
  • Water Extras: Skiing Allowed
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Flood Zone Panel: 12117C0045F
  • Waterfront Frontage: 100
  • Water Frontage Feet Lake: 100
  • Additional Water Information: LAKE MARKHAM - 85 acre fresh water lake. Lake is fed by at least 7 springs. Two of which are located on or near this property, per owner.
  • Disclosures: Seller Property Disclosure

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Boat, Driveway, Garage Door Opener
  • Covered Parking Spaces: 2
  • Open Parking: Yes

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Security: Closed Circuit Camera(s), Security Lights, Security System
  • Senior Community: No

Schools

  • Elementary School: Wilson Elementary School
  • High School: Seminole High
  • Middle Or Junior School: Sanford Middle

Lot Info

  • Zoning: A-1
  • Parcel Number: 35-19-29-300-0250-0000
  • Additional Parcels: No
  • Lot Features: Cleared, Zoned for Horses
  • Horse Amenities: None
  • Flood Zone Code: AE
  • Flood Zone Date: 2007-09-28
  • Zoning Compatible Y N: Yes

Tax Info

  • Tax Annual Amount: 1616
  • Tax Block: 0000
  • Tax Book Number: 1-51
  • Tax Lot: 0250

Multi Family

  • Waterfront Features: Lake

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2022
Closed on
Jun 21, 2022
Sold by
Janice C Cowley Trust
Bought by
Pena Rafael
Seller's Agent
Rose Ann Dean
ROSE ANN DEAN
Buyer's Agent
Jennifer King
KELLER WILLIAMS HERITAGE REALTY
List Price
$650,000
Sold Price
$700,000
Premium/Discount to List
$50,000
7.69%
Current Estimated Value
$757,054

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,054
Avg. Annual Appreciation
0.53%
Original Mortgage
$480,000
Outstanding Balance
$457,183
Interest Rate
4.13%
Mortgage Type
New Conventional
Estimated Equity
$254,667

Purchase Details

Closed on
Dec 5, 2018
Sold by
Cowley Janice C
Bought by
Cowley Janice C and Janice C Cowley Trust

Purchase Details

Closed on
Apr 12, 2000
Sold by
Ernest and Anice C Cowley J
Bought by
Cowley Ernest H and Cowley Janice C
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
Pena Rafael $700,000 First Signature Title
Cowley Janice C -- Attorney
Cowley Ernest H $27,300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pena Rafael $480,000
Previous Owner Cowley Janice C $174,000
Previous Owner Cowley Ernest H $140,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2022 06/21/22 Sold $700,000 +7.7% $392 / Sq Ft
05/20/2022 05/20/22 Pending -- -- --
05/18/2022 05/18/22 For Sale $650,000 -- $364 / 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
2024 $6,852 $535,668 $400,000 $135,668
2023 $6,854 $532,029 $400,000 $132,029
2021 $1,616 $139,721 $0 $0
2020 $1,598 $137,792 $0 $0
2019 $1,578 $134,694 $0 $0
2018 $1,553 $132,183 $0 $0
2017 $1,536 $129,464 $0 $0
2016 $1,566 $127,689 $0 $0
2015 $1,353 $125,920 $0 $0
2014 $1,353 $124,921 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Rose Ann Dean

    Seller's Agent in 2022

    Rose Ann Dean

    ROSE ANN DEAN

    (407) 619-0210

    1 in this area

    6 Total Sales

    Section Image
  • Jennifer King

    Buyer's Agent in 2022

    Jennifer King

    KELLER WILLIAMS HERITAGE REALTY

    (407) 862-9700

    14 in this area

    144 Total Sales

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Map

Source: Stellar MLS

MLS Number: O6024310

Stellar MLS

APN: 35-19-29-300-0250-0000

Florida Seminole County Sanford 32771

2040 Lake Markham Rd, Sanford, FL

This home is located at 2040 Lake Markham Rd, Sanford, FL 32771 since 18 May 2022 and is currently estimated at $718,023, approximately $402 per square foot. This property was built in 1961. 2040 Lake Markham Rd is a home located in Seminole County with nearby schools including Wilson Elementary School, Bentley Elementary School, and Idyllwilde Elementary 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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