NOT LISTED FOR SALE

236 Ridgecrest Loop Minneola, FL 34715

Estimated Value: $365,533 - $443,000

6 Beds
4 Baths
1,961 Sq Ft
$207/Sq Ft Est. Value

Last Sold September 29, 2022

Last sale price $390,000 $199 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $2,580/month

83 Days on Market

Highlights

  • No HOA
  • 2 Car Attached Garage
  • Combination Dining and Living Room
  • Lake Minneola High School Rated A-
  • Central Heating and Cooling System
  • Ceiling Fan

About This Home

As of September 2022

Build your investment portfolio as most high dollar items have been recently replaced.. BRAND NEW ROOF AS OF JANUARY 2022. New septic system as of October 2021. New front lawn sod and irrigation system as of April 2022. This worry-free investment is located in the rapidly growing highly sought after City of Minneola. Literally just a few minutes from the following: Shopping, Dining, Breweries, Schools, Banks, Splash Pad, Beach, Lake, Basketball Court, Playground, Walking Trail, Boat Ramp, and Waterfront Park which hosts a variety of events throughout the year. It's like having amenities of an expensive HOA, but without the fees. Additionally, with the newly built turnpike exit in Minneola, commuting won't be an issue! One unit is currently being leased until July 2022 and the other until September 2022. With the market value rents being $1,900-2,100 for each unit. This brings the potential total gross income to $3,800-4,200/month, or $45,600- 50,400/year. Whether your exit plan is to hold for a few years, then sell, or make this a long term investment. This income producing property in a PRIME location is sure to meet your investment needs. With very few income properties on the market, and very few properties available in the area, NOW is the time to jump on this opportunity and claim your piece of the pie! Call today to set up your private showing. Do not disturb tenants! Showings by Appointment ONLY!

Last Agent to Sell the Property

Vrex Isaac

OPTIMA ONE REALTY, INC. License #3328861 Listed on: 05/04/2022

OPTIMA ONE REALTY, INC.

Last Buyer's Agent

Vrex Isaac

OPTIMA ONE REALTY, INC. License #3328861 Listed on: 05/04/2022

OPTIMA ONE REALTY, INC.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,817

Year Built

  • Built in 2002

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 79x139

Parking

  • 2 Car Attached Garage

Home Design

  • Duplex
  • Slab Foundation
  • Shingle Roof
  • Block Exterior

Interior Spaces

  • 1,961 Sq Ft Home
  • Ceiling Fan
  • Combination Dining and Living Room

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Community Details

  • No Home Owners Association
  • 2,524 Sq Ft Building
  • Minneola Ridgecrest Subdivision

Listing and Financial Details

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,817

Year Built

Built in 2002

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 1961
  • Lot Size Acres: 0.25
  • New Construction: No
  • Year Built: 2002
  • Building Area Total: 2524
  • Lease Term: 12 Months
  • Lot Size Sq Ft: 10981
  • Tenant Pays: Electricity, Water
  • Directions to Property: Take FL-408 W and Florida's Turnpike to N Hancock Rd in Lake County. Take exit 278 from Florida's Turnpike then Continue on N Hancock Rd. Take Fosgate Rd to Ridge Crest Loop in Minneola.
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/G5054996?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/G5054996?w=Customer
  • Unit Count: 2
  • Homestead Y N: No
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.69027
  • Price per Sq Ft: 198.88
  • Close to Original List Price Ratio: 0.65011
  • Ratio: Current Price\Building Area Total: 154.52
  • View: No
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Interior Amenities: Ceiling Fans(s), Living Room/Dining Room Combo
  • Foundation Details: Slab
  • Street Number Modifier: 236
  • Number Of Buildings: 1
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Exterior Features: Other
  • 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

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Covered Parking Spaces: 2
  • Open Parking: No

Utilities

  • Utilities: Electricity Available, Public, Water Available
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Zoning: RMF-1
  • Parcel Number: 07-22-26-0250-000-01900
  • Additional Parcels: No
  • Lot Dimensions: 79x139
  • Flood Zone Code: X
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2817
  • Tax Block: 000
  • Tax Book Number: 27-41
  • Tax Lot: 19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2022
Closed on
Sep 29, 2022
Sold by
Mitchell Daniel
Bought by
Cullen Gregory
Seller's Agent
Vrex Isaac
OPTIMA ONE REALTY, INC.
Buyer's Agent
Vrex Isaac
OPTIMA ONE REALTY, INC.
List Price
$599,900
Sold Price
$390,000
Premium/Discount to List
-$209,900
-34.99%
Views
6
Current Estimated Value
$406,883

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,883
Avg. Annual Appreciation
1.41%
Original Mortgage
$292,500
Outstanding Balance
$280,481
Interest Rate
5.55%
Mortgage Type
New Conventional
Estimated Equity
$126,402

Purchase Details

Closed on
Dec 30, 2021
Sold by
Miller Anthony A
Bought by
Mitchell Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,250
Interest Rate
3.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 28, 2021
Sold by
Ramnarain Neville M and Ramnarain Suabi
Bought by
Miller Anthony A

Purchase Details

Closed on
Aug 29, 2014
Sold by
Ramnarain Neville M and Ramnarain Suabi
Bought by
Neville & Suabi Ramnarain Revocable Trus

Purchase Details

Closed on
May 22, 2001
Sold by
Judy Carole A
Bought by
Ramnarain Neville M and Ramnarain Suabi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7.11%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Cullen Gregory $390,000 Metes & Bounds Title
Mitchell Daniel $320,000 Integrity Title & Guaranty
Miller Anthony A $240,000 First International Ttl Inc
Neville & Suabi Ramnarain Revocable Trus -- Attorney
Ramnarain Neville M $86,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cullen Gregory $292,500
Previous Owner Mitchell Daniel $236,250
Previous Owner Ramnarain Neville M $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/29/2022 09/29/22 Sold $390,000 -31.0% $199 / Sq Ft
07/27/2022 07/27/22 Pending -- -- --
05/26/2022 05/26/22 Price Changed $565,000 -5.8% $288 / Sq Ft
05/04/2022 05/04/22 For Sale $599,900 -- $306 / 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 $4,983 $277,622 $49,000 $228,622
2024 $4,983 $277,622 $49,000 $228,622
2023 $4,983 $270,701 $49,000 $221,701
2022 $5,030 $270,701 $49,000 $221,701
2021 $2,875 $148,063 $0 $0
2020 $2,667 $134,351 $0 $0
2019 $2,791 $134,351 $0 $0
2018 $2,597 $134,351 $0 $0
2017 $2,323 $111,153 $0 $0
2016 $2,248 $111,153 $0 $0
2015 $2,138 $104,247 $0 $0
2014 $1,906 $85,780 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Stellar MLS

MLS Number: G5054996

Stellar MLS

APN: 07-22-26-0250-000-01900