NOT LISTED FOR SALE

240 Cumquat Rd NE Lake Placid, FL 33852

Placid Lakes Neighborhood

Estimated Value: $497,000 - $724,901

4 Beds
2 Baths
2,479 Sq Ft
$245/Sq Ft Est. Value

Last Sold May 13, 2016

Last sale price $170,000 $69 Per Sq Ft

Est. 257% increase in value since last sale

Current estimated payment $3,565/month

Highlights

  • In Ground Pool
  • Home fronts a canal
  • Screened Porch
  • Lake Placid Elementary School Rated 9+
  • Deck
  • Patio

About This Home

As of May 2016

AMAZING fixer upper opportunity with this true 4/2/2 split plan pool home with wood burning fireplace on a canal to Lk June! Almost 2500 sf under air! The potential in this spacious house is unlimited and with some TLC this diamond in the rough will sparkle! Excellent floor plan and a HUGE kitchen that opens to the large family room. Master ensuite has two walk in closets, a HUGE bathroom with jetted tub and sliding glass doors leading to the pool. Boat house with lift too! Close to golf, shopping and more! HURRY, whether you are a flipper or looking for the perfect home to make your own, THIS is it. Priced to sell fast.

Last Agent to Sell the Property

Lisa Frantz

LPT Realty LLC License #3307048 Listed on: 03/11/2016

LPT Realty LLC

Last Buyer's Agent

Rick Buntenbach

RE/MAX REALTY PLUS License #3271757

RE/MAX REALTY PLUS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,855

Year Built

  • Built in 1987

Lot Details

  • 10,000 Sq Ft Lot
  • Lot Dimensions are 80 x 125
  • Home fronts a canal
  • Sprinkler System

Parking

  • 2 Car Garage
  • Garage Door Opener

Home Design

  • Shingle Roof
  • Concrete Siding
  • Block Exterior

Interior Spaces

  • 2,479 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Wood Burning Fireplace
  • Single Hung Windows
  • Screened Porch
  • Canal Views

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Pool

  • In Ground Pool
  • Fence Around Pool

Outdoor Features

  • Seawall
  • Bulkhead
  • Deck
  • Patio

Schools

  • Lake Placid Elementary School
  • Lake Placid Middle School
  • Lake Placid High School

Utilities

  • Central Heating and Cooling System
  • Sewer Not Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number C-14-37-29-060-0500-0100

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,855

Year Built

Built in 1987

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: Canal
  • Lot Size Acres: 0.23
  • Lot Size: 80 X 125
  • Road Surface Type: Paved
  • Water Body Name: June
  • Directions: PLACID LAKES BLVD TO CUMQUAT RD NE EAST TO 240 CUMQUAT RD NE.
  • Architectural Style: One Story
  • Garage Yn: Yes
  • Unit Levels: One
  • Building Stories: 1
  • Year Built: 1987
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Appliances: Dryer, Dishwasher, Disposal, Microwave, Stove, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Flooring: Other
  • Interior Amenities: Ceiling Fan(s), Fireplace, Cable TV
  • Living Area: 2479.0
  • Window Features: Single Hung

Exterior Features

  • Pool Features: Fenced, In Ground
  • View: Canal
  • View: Yes
  • Waterfront Features: Bulkhead, Seawall
  • Construction Type: Block, Concrete
  • Exterior Features: Deck, Sprinkler/Irrigation, Patio
  • Patio And Porch Features: Rear Porch, Front Porch, Screened, Deck, Patio
  • Property Condition: Resale
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Garage, Garage Door Opener

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: None
  • Utilities: Cable Available, Sewer Not Available
  • Water Source: Public

Schools

  • Elementary School: Lake Placid Elementary
  • High School: Lake Placid High
  • Middle Or Junior School: Lake Placid Middle

Lot Info

  • Lot Size Sq Ft: 10000.0
  • Additional Parcels Description: ,,
  • Additional Parcels: No
  • Parcel #: C-14-37-29-060-0500-0100
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1855.0
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 27, 2017
Sold by
A I S Buldings & Developing Inc
Bought by
Draves James J and Draves Paula K
Current Estimated Value
$607,725

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,125
Outstanding Balance
$4,453
Interest Rate
4.09%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$603,272

Purchase Details

Listed on
Mar 11, 2016
Closed on
Jun 13, 2016
Sold by
Warrick Roger W and Revocable Living Trust
Bought by
Draves James J and Draves Paula K
Seller's Agent
Lisa Frantz
LPT Realty LLC
Buyer's Agent
Rick Buntenbach
RE/MAX REALTY PLUS
List Price
$185,000
Sold Price
$170,000
Premium/Discount to List
-$15,000
-8.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.42%
Original Mortgage
$136,000
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 22, 2012
Sold by
A J S Building & Developing Inc
Bought by
A J S Building & Developing Inc

Purchase Details

Closed on
Oct 21, 2011
Sold by
Rbc Centura Bank
Bought by
Ajs Building & Developing Inc

Purchase Details

Closed on
Jun 29, 2005
Sold by
Stack John E and Stack Helga H
Bought by
Andersen James C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,500
Interest Rate
5.59%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 19, 2004
Sold by
Warrick Alfred C and Warrick Gloria K
Bought by
Warrick Roger W

Purchase Details

Closed on
Jun 6, 2003
Sold by
H L Compton Co
Bought by
Stack John E and Stack Helga H
Source: Public Records

Range of Values:

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Average Value
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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
Draves James J $33,500 South Ridge Abstract & Title
Draves James J $170,000 Nu World Title
A J S Building & Developing Inc -- None Available
Ajs Building & Developing Inc $12,500 Landcastle Title Llc
Andersen James C $155,000 --
Warrick Roger W -- --
Stack John E $42,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Draves James J $25,125
Previous Owner Draves James J $136,000
Previous Owner Andersen James C $108,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/13/2016 05/13/16 Sold $170,000 -8.1% $69 / Sq Ft
04/01/2016 04/01/16 Pending -- -- --
03/11/2016 03/11/16 For Sale $185,000 -- $75 / Sq Ft
Source: Heartland Association of REALTORS®

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 $4,607 $360,106 -- --
2023 $4,607 $342,131 $0 $0
2022 $4,450 $325,573 $0 $0
2021 $4,520 $316,090 $0 $0
2020 $3,828 $271,633 $0 $0
2019 $3,777 $265,526 $0 $0
2018 $3,057 $219,532 $0 $0
2017 $259 $15,188 $0 $0
2016 $266 $15,188 $0 $0
2015 $318 $18,225 $0 $0
2014 $320 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lisa Frantz

    Seller's Agent in 2016

    Lisa Frantz

    LPT Realty LLC

    (954) 336-6046

    46 in this area

    126 Total Sales

    Lisa Frantz
    Section Image
  • Rick Buntenbach

    Buyer's Agent in 2016

    Rick Buntenbach

    RE/MAX

    (863) 385-0077

    25 in this area

    222 Total Sales

    Rick Buntenbach
    Section Image
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Map

Source: Heartland Association of REALTORS®

MLS Number: 237908

Heartland Association of REALTORS®

APN: C-14-37-29-060-0500-0090

Florida Highlands County Lake Placid 33852 Placid Lakes

240 Cumquat Rd NE, Lake Placid, FL

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.

Heartland Association of REALTORS® 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.

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