S
Seller's Agent in 2025
Suabi Ramnarain
FORTUNE REALTY OF CLERMONT
(352) 429-4621
1 in this area
4 Total Sales
231 Ridgecrest Loop Minneola, FL 34715
6
Beds
4
Baths
2,512
Sq Ft
0.26
Acres
Highlights
- No HOA
- 2 Car Attached Garage
- Central Heating and Cooling System
- Lake Minneola High School Rated A-
- Sliding Doors
- Ceiling Fan
About This Home
As of April 2025Duplex Investment Opportunity in Minneola - 231 Ridgecrest LoopWelcome to 231 Ridgecrest Loop, a fantastic duplex investment in the heart of Minneola, Florida! This property offers tremendous potential for investors looking to generate steady rental income. With a spacious layout featuring 3 bedrooms and 2 bathrooms on each side, this property is an excellent opportunity to start or expand your real estate portfolio.Currently, this duplex produces $1,000 per month in rental income per side, making it a consistent and reliable source of cash flow. Whether you're an experienced investor or just starting out, this income-producing property is a great choice.Key Features:2 Units (3 beds / 2 baths each)$2,000 in rental income per monthExcellent location in Minneola, with easy access to local amenities, schools, and shopping centers.Note: The property does require a new roof for insurance purposes, but with the right renovations, it can easily be restored to its full potential.Don’t miss out on this unique opportunity to own a duplex that not only offers great rental income but also provides a chance to add value with a roof replacement. Act quickly—properties like this don’t last long! Contact us today to schedule a viewing or request more details.
Last Agent to Sell the Property
FORTUNE REALTY OF CLERMONT Brokerage Phone: 352-429-4621 License #708424 Listed on: 02/17/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,471
Year Built
- Built in 1994
Lot Details
- 0.26 Acre Lot
- Lot Dimensions are 97x118
Parking
- 2 Car Attached Garage
Home Design
- Duplex
- Slab Foundation
- Shingle Roof
- Stucco
Interior Spaces
- 2,512 Sq Ft Home
- Ceiling Fan
- Sliding Doors
- Laundry in Kitchen
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Outdoor Features
- Exterior Lighting
Schools
- Minneola Elementary School
- Aurelia Cole Academy Middle School
- Lake Minneola High School
Utilities
- Central Heating and Cooling System
- Septic Tank
Listing and Financial Details
- Visit Down Payment Resource Website
- Tenant pays for electricity, water
- Tax Lot 34
- Assessor Parcel Number 07-22-26-0250-000-03400
Community Details
Overview
- No Home Owners Association
- 2 Units
- Minneola Ridgecrest Sub Subdivision
Building Details
- 2 Separate Electric Meters
- 2 Separate Water Meters
- Operating Expense $6,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 17, 2025
Closed on
Apr 30, 2025
Sold by
Ali Mohamed T
Bought by
Cullen Gregory E
Seller's Agent
Suabi Ramnarain
FORTUNE REALTY OF CLERMONT
Buyer's Agent
Matt Wheatley
WHEATLEY REALTY GROUP
List Price
$450,000
Sold Price
$360,000
Premium/Discount to List
-$90,000
-20%
Total Days on Market
22
Views
70
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
381.33%
Original Mortgage
$270,000
Outstanding Balance
$270,000
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$178,585
Purchase Details
Closed on
May 11, 2001
Sold by
Watkins Corp
Bought by
Ali Mohamed T and Ali Bibi K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
7.11%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $360,000 | None Listed On Document | |
| Warranty Deed | $120,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $270,000 | New Conventional | |
| Previous Owner | $84,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/30/2025 04/30/25 | Sold | $360,000 | -20.0% | $143 / Sq Ft |
| 03/11/2025 03/11/25 | Pending | -- | -- | -- |
| 02/17/2025 02/17/25 | For Sale | $450,000 | -- | $179 / 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 |
|---|---|---|---|---|
| 2025 | $4,242 | $312,655 | $49,000 | $263,655 |
| 2024 | $4,242 | $312,655 | $49,000 | $263,655 |
| 2023 | $4,242 | $304,239 | $49,000 | $255,239 |
| 2022 | $4,075 | $304,239 | $49,000 | $255,239 |
| 2021 | $3,122 | $168,574 | $0 | $0 |
| 2020 | $2,827 | $142,818 | $0 | $0 |
| 2019 | $2,959 | $142,818 | $0 | $0 |
| 2018 | $2,772 | $142,818 | $0 | $0 |
| 2017 | $2,488 | $119,470 | $0 | $0 |
| 2016 | $2,389 | $119,470 | $0 | $0 |
| 2015 | $2,268 | $111,474 | $0 | $0 |
| 2014 | $2,016 | $91,068 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Suabi Ramnarain
-
Matt Wheatley
Buyer's Agent in 2025
Matt Wheatley
WHEATLEY REALTY GROUP
(407) 702-8351
19 in this area
233 Total Sales
Map
Source: Stellar MLS
MLS Number: G5092730
APN: 07-22-26-0250-000-03400
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.
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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