NOT LISTED FOR SALE

221 E 4th Ave Mount Dora, FL 32757

Estimated Value: $643,865

5 Beds
5 Baths
1,701 Sq Ft
$379/Sq Ft Est. Value

Last Sold May 09, 2022

Last sale price $650,000 $382 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $3,980/month

233 Days on Market

Highlights

  • Property is near a marina
  • Property is near public transit
  • Mini Split Air Conditioners
  • The property is located in a historic district
  • No HOA
  • 3-minute walk to Donnelly Park

About This Home

As of May 2022

The Mount Dora Historic Inn is the epitome of rest and relaxation! Awarded the Gold Award as Best Accommodations in Mount Dora & Trip Advisors Certificate of Excellence, the Inn is located just steps from the heart of Historic downtown Mount Dora' shops and restaurants. This successful Bed & Breakfast has been in business for over 20 years and has C2 Commercial Zoning. The inviting curb appeal and brick walkway welcomes you to the covered front porch where many guests enjoy their morning coffee & evening cocktails. Wood floors flow throughout the main dining room & all 4 tastefully appointed guest rooms. The 2 downstairs guest rooms have ensuite bathrooms & queen beds. The 2 upstairs guest rooms have en suite bathrooms, one room offers queen bed & the other-one of the largest rooms has a king bed. All guest rooms have walk in showers. The Inn Keepers quarters has fully equipped kitchen w/gas cooktop, office/desk area, half bathroom and laundry room. There is plenty of parking for your guests in the back of the building. The Inn is being offered with the business operation, turn key & real estate known for their Comfortable Lodging, Superb Cuisine & Gracious Hospitality! Roof 2018

Last Agent to Sell the Property

Michele Lowe

DAVE LOWE REALTY, INC. License #703743 Listed on: 08/28/2021

Last Buyer's Agent

Stellar Non-Member Agent

STELLAR NON-MEMBER OFFICE

STELLAR NON-MEMBER OFFICE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,261

Year Built

  • Built in 1910

Lot Details

  • 9,310 Sq Ft Lot

Home Design

  • Quadruplex
  • Bi-Level Home
  • Wood Frame Construction
  • Shingle Roof

Interior Spaces

  • 1,701 Sq Ft Home
  • Window Treatments
  • Combination Dining and Living Room
  • Crawl Space
  • Laundry Room

Parking

  • Guest Parking
  • Open Parking

Outdoor Features

  • Property is near a marina
  • Shed

Location

  • Property is near public transit
  • The property is located in a historic district
  • City Lot

Utilities

  • Mini Split Air Conditioners
  • Cooling System Mounted To A Wall/Window
  • Heating Available
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Mount Dora Subdivision

Building Details

  • Gross Income $78,818

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,261

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Construction Materials: Wood Frame
  • Fireplace: No
  • Living Area: 1701
  • Lot Size Acres: 0.21
  • New Construction: No
  • Year Built: 1910
  • Lot Size Sq Ft: 9310
  • Status: Sold
  • Street Direction: E
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/G5046043?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/G5046043?w=Customer
  • Unit Count: 4
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 1
  • Price per Sq Ft: 382.13
  • Close to Original List Price Ratio: 1
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Interior Amenities: Living Room/Dining Room Combo, Window Treatments
  • Foundation Details: Crawlspace
  • Levels: Two
  • Number Of Buildings: 1

Exterior Features

  • Other Structures: Shed(s)
  • Exterior Features: Sidewalk
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Paved
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Flood Zone Panel: 12069C0367E
  • Disclosures: Lead Paint, Seller Property Disclosure

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Guest, Open
  • Open Parking: Yes

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Public, Sewer Connected, Water Connected
  • Cooling: Mini-Split Unit(s), Wall/Window Unit(s)
  • Heating: Electric
  • Laundry Features: Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Zoning: C-2
  • Parcel Number: 29-19-27-0030-001-00004
  • Additional Parcels: No
  • Lot Features: Historic District, City Lot, Near Marina, Near Public Transit, Sidewalk
  • Flood Zone Code: X
  • Flood Zone Date: 2012-12-18

Multi Family

  • Gross Income: 78818
  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 5261.02
  • Tax Block: 001
  • Tax Book Number: 3-37-43
  • Tax Lot: 0004

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 10, 2006
Sold by
Richards Lindsay M and Richards Nancy C
Bought by
Unified Enterprises Llc
Current Estimated Value
$643,865

Purchase Details

Closed on
Oct 11, 1996
Sold by
Lapoma Sam and Weydahl Earl A
Bought by
Richards Lindsay M and Richards Nancy C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
8.05%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Unified Enterprises Llc $545,000 Attorney
Richards Lindsay M $210,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Richards Lindsay M $160,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/09/2022 05/09/22 Sold $650,000 0.0% $382 / Sq Ft
04/18/2022 04/18/22 Pending -- -- --
01/11/2022 01/11/22 For Sale $650,000 0.0% $382 / Sq Ft
01/11/2022 01/11/22 Off Market $650,000 -- --
08/28/2021 08/28/21 For Sale $650,000 -- $382 / 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
2026 $7,282 $381,268 $190,818 $190,450
2025 $6,482 $364,436 $190,818 $173,618
2024 $6,482 $371,876 $190,818 $181,058
2023 $6,482 $338,746 $173,483 $165,263
2022 $5,281 $266,350 $157,711 $108,639
2021 $5,261 $267,670 $0 $0
2020 $5,384 $267,670 $0 $0
2019 $5,049 $243,378 $0 $0
2018 $4,559 $219,353 $0 $0
2017 $3,953 $192,627 $0 $0
2016 $3,591 $174,007 $0 $0
2015 $3,683 $174,007 $0 $0
2014 $3,623 $174,007 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Michele Lowe

    Seller's Agent in 2022

    Michele Lowe

    DAVE LOWE REALTY, INC.

    (352) 409-0369

    103 in this area

    152 Total Sales

    Michele Lowe
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Map

Source: Stellar MLS

MLS Number: G5046043

Stellar MLS

APN: 29-19-27-0030-001-00004

Florida Lake County Mount Dora 32757

221 E 4th Ave, Mount Dora, FL

Not Listed for Sale

MultiFamily

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

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