NOT LISTED FOR SALE

2923 S Grove St Eustis, FL 32726

2 Beds
1 Bath
2,794 Sq Ft
1.01 Acres

Last Sold July 30, 2021

Last sale price $450,000 $161 Per Sq Ft

4 Days on Market

Highlights

  • 85 Feet of Waterfront
  • 1.01 Acre Lot
  • No HOA
  • Lake View
  • Wood Flooring
  • Cooling System Mounted To A Wall/Window

About This Home

As of July 2021

GREAT LAKE FRONT MULTI UNIT INVESTMENT! Check out this great multi-family property that is lakefront on Lake Woodward on one acre. The property consists of a single family home (1,132 sf) with two bedrooms and two baths. This home was formally a duplex and has two separate power meters and could easily be converted back to a duplex with only one wall installed turning it into a 2/1 unit and a 1/1 unit. The main home also has a detached two car garage with workshop. There is a separate efficiency cottage (388 sf), and a duplex that fronts directly on Lake Woodward (1,274 sf). Each side of the duplex has a Florida room, living room, kitchen, one bedroom and one bath and exterior laundry room. They each also have their own carport and additional storage room. The income listed is way below market and doesn't include any rents for the main home which could be a duplex for even more cash flow. The property consists of two parcels that is being sold as one. Don't miss out on this great investment opportunity!

Last Agent to Sell the Property

Cheryl Roberts

JOHN ROBERTS REALTY License #655415 Listed on: 07/06/2021

Last Buyer's Agent

Brad Verkaik

NARROW ROAD REALTY License #3246043

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,809

Year Built

  • Built in 1946

Lot Details

  • 1.01 Acre Lot
  • 85 Feet of Waterfront
  • Lake Front
  • Additional Parcels

Parking

  • 2 Car Garage
  • 2 Carport Spaces
  • Driveway
  • Off-Street Parking

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Block Exterior

Interior Spaces

  • 2,794 Sq Ft Home
  • Lake Views
  • Crawl Space
  • Range

Flooring

  • Wood
  • Ceramic Tile
  • Vinyl

Laundry

  • Laundry Room
  • Laundry Located Outside

Outdoor Features

  • Access To Lake
  • Outdoor Storage

Schools

  • Eustis Heights Elementary School
  • Eustis Middle School
  • Eustis High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Septic Tank
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 3 Buildings
  • 4 Units
  • Polak Sub Subdivision

Listing and Financial Details

  • Down Payment Assistance Available
  • Visit Down Payment Resource Website
  • Tenant pays for electricity, water
  • Legal Lot and Block 6 / 00B
  • Assessor Parcel Number 23-19-26-0700-00B-00104

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,809

Year Built

Built in 1946

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • Construction Materials: Block, Wood Frame
  • Fireplace: Yes
  • Living Area: 2794
  • Lot Size Acres: 1.01
  • New Construction: No
  • Year Built: 1946
  • Lot Size Sq Ft: 43995
  • Number Of Lots: 2
  • Tenant Pays: Electricity, Water
  • Status: Sold
  • Street Direction: S
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/G5043913?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/G5043913?w=Customer
  • Unit Count: 4
  • Homestead Y N: No
  • Total Acreage: 1 to less than 2
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.9377
  • Price per Sq Ft: 161.06
  • Close to Original List Price Ratio: 0.9377
  • View: Yes
  • Ownership: Fee Simple
  • Tax Year: 2020
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile, Vinyl, Hardwood
  • Interior Amenities: Ninguno
  • Appliances Included: Range, Refrigerator
  • Foundation Details: Crawlspace
  • Levels: One
  • Number Of Buildings: 3

Exterior Features

  • Other Structures: Other, Storage
  • Exterior Features: Storage
  • Roof: Shingle
  • Pool Private: No
  • View: Water
  • Water Body Name: Lake Woodward
  • Waterfront: Yes
  • Road Surface Type: Asphalt
  • Water View: Lake
  • Water Access: Lake
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: No
  • Waterfront Frontage: 85
  • Water Frontage Feet Lake: 85
  • Additional Water Information: Property fronts Lake Woodward. Approximately 85 lake frontage (taken from county GIS)

Garage/Parking

  • Attached Garage: No
  • Carport Spaces: 2
  • Carport Y N: Yes
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Driveway, Off Street
  • Covered Parking Spaces: 2
  • Open Parking: No

Utilities

  • Utilities: Cable Connected, Public, Water Connected
  • Cooling: Central Air, Wall/Window Unit(s)
  • Heating: Central, Electric
  • Laundry Features: Laundry Room, Outside
  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Schools

  • Elementary School: Eustis Heights Elem
  • High School: Eustis High School
  • Middle Or Junior School: Eustis Middle

Lot Info

  • Zoning: SR
  • Parcel Number: 23-19-26-0700-00B-00104
  • Additional Parcels: Yes
  • Lot Features: In County
  • Flood Zone Code: X

Rental Info

  • Total Actual Rent: 1800

Multi Family

  • Number Of Units Total: 4
  • Waterfront Features: Lake

Tax Info

  • Tax Annual Amount: 3809
  • Tax Block: 00B
  • Tax Book Number: 5-31
  • Tax Lot: 6

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/30/2021 07/30/21 Sold $450,000 -6.2% $161 / Sq Ft
07/09/2021 07/09/21 Pending -- -- --
07/05/2021 07/05/21 For Sale $479,900 -- $172 / 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 $3,239 $127,402 $27,300 $100,102
2025 $2,802 $126,668 $27,300 $99,368
2024 $2,802 $126,668 $27,300 $99,368
2023 $2,802 $123,725 $27,300 $96,425
2022 $2,502 $122,415 $27,300 $95,115
2021 $654 $43,659 $0 $0
2020 $675 $43,057 $0 $0
2019 $659 $42,089 $0 $0
2018 $630 $41,305 $0 $0
2017 $578 $40,456 $0 $0
2016 $572 $39,624 $0 $0
2015 $576 $39,349 $0 $0
2014 $579 $39,037 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: G5043913

Stellar MLS

APN: 23-19-26-070000B00603