NOT LISTED FOR SALE

3000 Maingate Ln Unit 405 Kissimmee, FL 34747

Magic Village Neighborhood

Estimated Value: $91,723

1 Bed
1 Bath
304 Sq Ft
$300/mo HOA Fee

Last Sold July 28, 2017

Last sale price $50,000 $164 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $878/month

42 Days on Market

Highlights

  • 10 Acre Lot
  • Furnished
  • Community Pool
  • Property is near public transit
  • Mature Landscaping
  • Wet Bar

About This Home

As of July 2017

INVESTOR ALERT - This condo-hotel room in the Galleria Palms located close to parks, dining and entertainment. The Resort has recently completed a $1,000,0000 plus renovation. This 4th floor suite has 2 new queen beds, recently painted, upgraded with crown molding, tile flooring in bath and foyer, wall-mounted flat screen TV, granite vanity with microwave, mini-fridge, coffee maker, wet bar, upgraded wi-fi, iron/ironing board and USB ports in the lighting fixtures all for your convinience. Bathroom offers dual sinks with granite. Complimentary shuttle service to parks, concierge service to assist with plans during stay and a hot breakfast served daily in lobby. Take a swim in the pool and relax on sun deck! This condo-hotel offers investors the perfect combination of hassle free investment and a wonderful place to stay while in the Orlando area. There is a full-time property management company. *Owners cannot occupy longer than 14 days at any one stay. The unit cannot be removed from the onsite rental program.

Last Agent to Sell the Property

Janine Venturella

NABE REALTY License #3301586 Listed on: 06/02/2017

Last Buyer's Agent

Rebecca Larson

ENGEL & VOLKERS ST. PETE License #3034475

ENGEL & VOLKERS ST. PETE

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $465

Year Built

  • Built in 1998

Lot Details

  • Mature Landscaping
  • Zero Lot Line

HOA Fees

  • $300 Monthly HOA Fees

Parking

  • Open Parking

Home Design

  • Condo Hotel
  • Entry on the 3rd floor
  • Slab Foundation
  • Shingle Roof
  • Stucco

Interior Spaces

  • 304 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Furnished
  • Ceiling Fan
  • Blinds
  • Carpet
  • Microwave

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Home Security

Location

  • Property is near public transit

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, pool, electricity, internet, maintenance structure, ground maintenance, pest control
  • Meridian Palms Comm Condo Subdivision
  • The community has rules related to deed restrictions

Recreation

  • Community Pool

Pet Policy

  • No Pets Allowed

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$465

Year Built

Built in 1998

Lot Details

0

HOA Fees

$300 per month

Listing Details

  • HOA Fee Includes: Cable TV, Pool, Electricity, Internet, Maintenance Structure, Maintenance Grounds, Pest Control
  • Property Type: Residential
  • Property Sub Type: Condo - Hotel
  • Construction Materials: Stucco
  • Fireplace: No
  • Living Area: 304
  • New Construction: No
  • Year Built: 1998
  • Building Area Total: 304
  • Lot Size Sq Ft: 131
  • Directions to Property: Take I-4 towards 192 East, turn left onto Maingate Lane.
  • Status: Sold
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 0
  • Floor Number: 3
  • List Office Head Office Key Nume: 1042400
  • RATIO Current Price By Calculate: 164.47
  • Total Acreage: Up to 10,889 Sq. Ft.
  • Water Access YN: 0
  • Tax Year: 2016
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet
  • Full Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Wet Bar, Window Treatments
  • Appliances Included: Microwave, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 1
  • Levels: One
  • Stories: 1
  • Window Features: Blinds, Window Treatments
  • Street Number Modifier: 3000
  • ResoLivingAreaSource: PublicRecords
  • Room Count: 3

Exterior Features

  • Roof: Shingle
  • Home Warranty: No
  • Pool Private: No
  • Waterfront: No
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0
  • Flood Zone Date: 2013-06-18T00:00:00.000
  • Flood Zone Panel: 12097C0030G

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: None, Open

Utilities

  • Utilities: Cable Connected, Electricity Connected
  • Cooling: Central Air
  • Heating: Central

Condo/Co-op/Association

  • Community Features: Deed Restrictions, Pool
  • Association Fee: 300
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Security: Smoke Detector(s)
  • Senior Community: No
  • Association Fee Requirement: Required
  • Building Name Number: 405
  • Condo Land Included YN: 0
  • Montly Maint Amt Addition To HOA: 0

Fee Information

  • Monthly HOA Amount: 300.00

Lot Info

  • Zoning: OTSC
  • Parcel Number: 02-25-27-4123-0001-4050
  • Additional Parcels: No
  • Lot Features: Near Public Transit, Zero Lot Line
  • Flood Zone Code: X
  • Homestead YN: 0

Rental Info

  • Furnished: Furnished
  • Pets Allowed: No

Tax Info

  • Tax Annual Amount: 465
  • Tax Block: 1
  • Tax Book Number: 3356-1665
  • Tax Lot: 4050

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2017
Closed on
Jul 28, 2017
Sold by
Alpha Rent Fl Llc
Bought by
Bonka Robert
Seller's Agent
Janine Venturella
NABE REALTY
Buyer's Agent
Rebecca Larson
ENGEL & VOLKERS ST. PETE
List Price
$57,000
Sold Price
$50,000
Premium/Discount to List
-$7,000
-12.28%
Current Estimated Value
$91,723

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,723
Avg. Annual Appreciation
7.80%

Purchase Details

Closed on
Jul 27, 2011
Sold by
Nguyen Hanson
Bought by
Alpha Rent Fl Llc

Purchase Details

Closed on
Apr 20, 2011
Sold by
Miller Renee C
Bought by
Nguyen Hanson

Purchase Details

Closed on
Dec 13, 2006
Sold by
Sf Development Llc
Bought by
Miller Renee C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,900
Interest Rate
6.06%
Mortgage Type
Commercial
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
Bonka Robert $50,000 Traditions Title & Escrow Ll
Alpha Rent Fl Llc -- None Available
Miller Renee C $149,900 Sonoma Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Miller Renee C $119,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/27/2017 10/27/17 Off Market $50,000 -- --
07/28/2017 07/28/17 Sold $50,000 -12.3% $164 / Sq Ft
07/15/2017 07/15/17 Pending -- -- --
06/02/2017 06/02/17 For Sale $57,000 -- $188 / 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
2024 $1,065 $64,400 -- $64,400
2023 $1,065 $43,076 $0 $0
2022 $861 $39,900 $0 $39,900
2021 $822 $35,600 $0 $35,600
2020 $969 $44,600 $0 $44,600
2019 $954 $41,100 $0 $41,100
2018 $948 $41,500 $0 $41,500
2017 $518 $16,400 $0 $16,400
2016 $465 $12,200 $0 $12,200
2015 $458 $12,200 $0 $12,200
2014 $389 $12,200 $0 $12,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: S4847137

Stellar MLS

APN: 02-25-27-4123-0001-4050