Seller's Agent in 2023
Misty Noland
ERA GRIZZARD REAL ESTATE
(352) 255-2502
5 in this area
136 Total Sales
221 W 3rd Ave Mount Dora, FL 32757
Estimated Value: $721,000 - $2,267,000
16
Beds
16
Baths
10,900
Sq Ft
$170/Sq Ft
Est. Value
Highlights
- Property is near a marina
- Chain Of Lake Views
- Open Floorplan
- The property is located in a historic district
- 0.62 Acre Lot
- 3-minute walk to Sunset Park
About This Home
As of November 2023Cash Flowing Multi-family Opportunity in Historic Downtown Mount Dora! Don’t miss this unique opportunity to own historic downtown charm steps from the lively downtown scene. Your tenants will enjoy views of Lake Dora and be steps away of all the exciting downtown activities. Mount Dora’s growing entertainment & business district makes this property perfect for long- or short-term rentals. The complex is across the street from the Lakeside inn, the Olive Branch, and Magical Meat Boutique restaurants. The property features 2 buildings with 2 units upstairs and 2 units downstairs for a total of 4 units per building. The East building includes an attached carport with one space for each tenant. Each unit features an open living concept with a kitchen, dining room, living room, 2 bedrooms, 1.5 baths, walk-in closets, a laundry room, and a back porch to enjoy their view. The layout of all the units matches the layouts of the units in the pictures. Call today to take advantage of this exciting opportunity to own a part of Mount Dora's history and be a part of Mount Dora's future!
Last Agent to Sell the Property
ERA GRIZZARD REAL ESTATE Brokerage Phone: 352-735-4433 License #3180401 Listed on: 09/23/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,541
Year Built
- Built in 1973
Lot Details
- 0.62 Acre Lot
- Lot Dimensions are 100x100
- Corner Lot
- Irrigation
Home Design
- Slab Foundation
- Shingle Roof
- Block Exterior
- Stucco
Interior Spaces
- 10,900 Sq Ft Home
- Open Floorplan
- Ceiling Fan
- Family Room Off Kitchen
- Combination Dining and Living Room
- Inside Utility
- Laundry in unit
- Chain Of Lake Views
- Fire and Smoke Detector
Kitchen
- Range with Range Hood
- Dishwasher
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 16 Bedrooms
- Walk-In Closet
- 16 Bathrooms
Parking
- 4 Carport Spaces
- Assigned Parking
Outdoor Features
- Property is near a marina
- Deck
- Covered Patio or Porch
- Exterior Lighting
- Outdoor Storage
- Rain Gutters
- Private Mailbox
Location
- Property is near public transit
- The property is located in a historic district
Utilities
- Central Heating and Cooling System
- Cable TV Available
Listing and Financial Details
- Tenant pays for electricity
- 1 to 2-Year Minimum Lease Term
- Legal Lot and Block 14 / 007
- Assessor Parcel Number 31-19-27-0400-007-00100
Community Details
Overview
- No Home Owners Association
- 8 Units
- 11,812 Sq Ft Building
- Mount Dora Topkins Blks 06 & 07 Subdivision
Building Details
- Operating Expense $34,820
- Gross Income $121,980
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 27, 1998
Sold by
Forty W Gay Ptnr
Bought by
Jotiken Ent Inc
Current Estimated Value
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Jotiken Ent Inc | $440,000 | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/27/2023 11/27/23 | Sold | $2,219,000 | -11.2% | $204 / Sq Ft |
| 10/30/2023 10/30/23 | Pending | -- | -- | -- |
| 09/15/2023 09/15/23 | For Sale | $2,500,000 | 0.0% | $229 / Sq Ft |
| 07/24/2023 07/24/23 | Pending | -- | -- | -- |
| 05/03/2023 05/03/23 | For Sale | $2,500,000 | 0.0% | $229 / Sq Ft |
| 04/05/2023 04/05/23 | For Sale | $2,500,000 | 0.0% | $229 / Sq Ft |
| 04/04/2023 04/04/23 | Pending | -- | -- | -- |
| 03/26/2023 03/26/23 | Off Market | $2,500,000 | -- | -- |
| 09/23/2022 09/23/22 | For Sale | $2,500,000 | -- | $229 / Sq Ft |
Source: Stellar MLS
Tax History Compared to Growth
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 | $14,871 | $683,398 | $217,216 | $466,182 |
| 2025 | $14,220 | $698,510 | $217,216 | $481,294 |
| 2024 | $14,220 | $698,510 | $217,216 | $481,294 |
| 2023 | $14,220 | $682,654 | $217,216 | $465,438 |
| 2022 | $14,275 | $682,654 | $217,216 | $465,438 |
| 2021 | $12,961 | $603,626 | $0 | $0 |
| 2020 | $13,182 | $603,626 | $0 | $0 |
| 2019 | $12,811 | $603,626 | $0 | $0 |
| 2018 | $11,169 | $468,629 | $0 | $0 |
| 2017 | $9,819 | $467,107 | $0 | $0 |
| 2016 | $9,812 | $467,107 | $0 | $0 |
| 2015 | $9,930 | $460,845 | $0 | $0 |
| 2014 | $9,478 | $455,153 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Misty Noland
-
Barbara McGuire
B
Buyer's Agent in 2023
Barbara McGuire
BARBARA MCGUIRE CENTRAL FLORID
(352) 617-2882
3 in this area
17 Total Sales
Map
Source: Stellar MLS
MLS Number: G5060961
APN: 31-19-27-0400-007-00100
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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