Seller's Agent in 2022
Magdaline Olivera
KELLER WILLIAMS REALTY SMART
(863) 559-9178
12 in this area
123 Total Sales
3040 Highlands By the Lake Way Lakeland, FL 33812
Estimated Value: $926,000 - $1,832,000
6
Beds
5.5
Baths
5,384
Sq Ft
$282/Sq Ft
Est. Value
Highlights
- 140 Feet of Waterfront
- Fitness Center
- Screened Pool
- Lincoln Avenue Academy Rated A-
- Tennis Courts
- Home Theater
About This Home
As of April 2022The epitome of Florida lakefront living at its finest! Luxury and beauty meet in this well constructed south Lakeland home. Located directly on Banana Lake and behind the gates of Highlands by the Lake ensuring privacy, security, and year-round breathtaking views. This 6-bedroom 5.5-bathroom pool home sits on almost 1 acre and was built in 2006. No need to sacrifice any of your desires, as this stunner features an open floor plan with a first-floor master suite, office, and 3 over-sized bedrooms, accompanied by a second-floor theater and 2 additional bedrooms. Upon entry, guests are greeted with iron Cantera doors, soaring ceilings, and a magnificent dome ceilinged dining room. The abundant living room, embellished with 13 to 16' ceilings accented with pocketing sliding doors bringing outdoor living in, beautiful built-ins, and a one of the home's 2 gas fireplaces. Tile and wood floors throughout the first floor. The gourmet kitchen is equipped with a butler's pantry, wet bar, upgraded stainless appliances, stone counters, and a walk-in pantry; perfect for entertaining many guests. A large master ensuite features a gorgeous master bath with an oversized shower, a sunken spa tub, and 2 walk-in closets. The ample family room is embellished with cornered sliding doors allowing the room in its entirety to open up to one of the 2 oversized lanais with an over-the-top outdoor kitchen and additional gas fireplace. Custom details include but are not limited to: Solid stone counters throughout, an oversized 3 car garage with +20' ceilings, double pane windows for efficiency, a tile roof, upgraded flooring and appliances, a circular staircase leading from the Trex outside party deck, an integrated theater entertainment system, Pebble-tech pool and spa, a recently improved dock, a brand-new boat lift with an electric boat cover, and so much more! Exclusivity and a high degree of privacy are enjoyed by residents who are just a short drive away to all the best the area has to offer: shops, restaurants, and theaters. Come and see this gorgeous home located in one of Lakeland's most private neighborhoods, it will not disappoint! Home values are very attractive in the Lakeland area, centrally located between Orlando and Tampa with quick access to the I-4 corridor.
Last Agent to Sell the Property
KELLER WILLIAMS REALTY SMART License #3079736 Listed on: 02/25/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $13,951
Year Built
- Built in 2006
Lot Details
- 0.94 Acre Lot
- 140 Feet of Waterfront
- Lake Front
- Property fronts a private road
- Southeast Facing Home
- Fenced
- Mature Landscaping
- Irrigation
HOA Fees
- $108 Monthly HOA Fees
Parking
- 3 Car Attached Garage
- Workshop in Garage
- Ground Level Parking
- Side Facing Garage
- Garage Door Opener
- Circular Driveway
- Open Parking
- Off-Street Parking
Home Design
- Florida Architecture
- Tri-Level Property
- Slab Foundation
- Tile Roof
- Block Exterior
- Stucco
Interior Spaces
- 5,384 Sq Ft Home
- Open Floorplan
- Wet Bar
- Crown Molding
- Cathedral Ceiling
- Ceiling Fan
- Gas Fireplace
- Thermal Windows
- Shade Shutters
- Blinds
- French Doors
- Sliding Doors
- Family Room with Fireplace
- Family Room Off Kitchen
- Separate Formal Living Room
- Breakfast Room
- Formal Dining Room
- Home Theater
- Den
- Loft
- Bonus Room
- Inside Utility
- Laundry in unit
- Lake Views
- Attic
Kitchen
- Eat-In Kitchen
- Built-In Oven
- Recirculated Exhaust Fan
- Microwave
- Ice Maker
- Dishwasher
- Wine Refrigerator
- Stone Countertops
- Solid Wood Cabinet
- Disposal
Flooring
- Wood
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- Primary Bedroom on Main
- Split Bedroom Floorplan
- Walk-In Closet
Home Security
- Home Security System
- Fire and Smoke Detector
- In Wall Pest System
Pool
- Screened Pool
- Heated In Ground Pool
- Heated Spa
- In Ground Spa
- Gunite Pool
- Fence Around Pool
- Outdoor Shower
- Chlorine Free
Outdoor Features
- Access To Lake
- Water Skiing Allowed
- Dock made with Composite Material
- Tennis Courts
- Balcony
- Deck
- Enclosed patio or porch
- Outdoor Kitchen
- Exterior Lighting
- Shed
- Outdoor Grill
- Rain Gutters
Schools
- Highland Grove Elementary School
- Lakeland Highlands Middl Middle School
- George Jenkins High School
Utilities
- Forced Air Zoned Heating and Cooling System
- Heat Pump System
- Propane
- Electric Water Heater
- Septic Tank
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Homestead Exemption
- Visit Down Payment Resource Website
- Tax Lot 29
- Assessor Parcel Number 24-29-10-280559-001290
Community Details
Overview
- Association fees include common area taxes, community pool, escrow reserves fund, maintenance repairs, pool maintenance, private road, recreational facilities
- Diana Albrittion Association, Phone Number (863) 287-4673
- Highlands By The Lake Ph I And Ph Ii Subdivision
- On-Site Maintenance
- The community has rules related to deed restrictions, fencing
Recreation
- Tennis Courts
- Recreation Facilities
- Fitness Center
- Community Pool
- Fishing
Additional Features
- Clubhouse
- Gated Community
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 12, 2015
Sold by
Tummala Venkat
Bought by
Grieger John Edward and Grieger Laurie Ann
Current Estimated Value
Purchase Details
Closed on
Jun 30, 2014
Sold by
Tummala Lolitha
Bought by
Tummala Venkat
Purchase Details
Listed on
Dec 29, 2012
Closed on
Jan 30, 2013
Sold by
Citimortgage Inc
Bought by
Tummala Venkal and Tummala Lolitha
Seller's Agent
Michael Bogsted
REAL ESTATE INVESTMENT & ASSET
Buyer's Agent
Horlando Arteaga
List Price
$649,900
Sold Price
$742,599
Premium/Discount to List
$92,699
14.26%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.91%
Original Mortgage
$668,339
Interest Rate
3.43%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 22, 2011
Sold by
Kachadurian Thomas H and Kachadurian Donna R
Bought by
Citimortgage Inc
Purchase Details
Closed on
May 23, 2003
Sold by
Samak Srinivas P and Samak Lakshmi
Bought by
Kachadurian Thomas H and Kachadurian Donna R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
5.79%
Purchase Details
Closed on
Mar 27, 2000
Sold by
Wingo Investment Corporation
Bought by
Samak Srinivas P and Samak Lakshmi
Purchase Details
Closed on
Aug 26, 1997
Sold by
R F H Iii Inc
Bought by
Wingo Investment Corp
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Grieger John Edward | $985,000 | Sunbelt Title Agency | |
| Tummala Venkat | -- | Attorney | |
| Tummala Venkal | $742,599 | Landcastle Title Llc | |
| Citimortgage Inc | -- | Attorney | |
| Kachadurian Thomas H | $350,000 | -- | |
| Samak Srinivas P | $145,000 | -- | |
| Wingo Investment Corp | $140,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Araujo Tarin | $190,000 | |
| Previous Owner | Tummala Venkat | $450,000 | |
| Previous Owner | Tummala Venkal | $668,339 | |
| Previous Owner | Kachadurian Donna R | $100,000 | |
| Previous Owner | Kachadurian Thomas H | $250,000 | |
| Previous Owner | Kachadurian Thomas | $830,000 | |
| Previous Owner | Kachadurian Thomas H | $250,000 | |
| Previous Owner | Kachadurian Thomas H | $100,000 | |
| Previous Owner | Wingo Investment Corp | $640,000 | |
| Previous Owner | Kachadurian Thomas H | $640,000 | |
| Previous Owner | Kachadurian Thomas H | $280,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/15/2022 04/15/22 | Sold | $1,717,500 | -4.6% | $319 / Sq Ft |
| 03/01/2022 03/01/22 | Pending | -- | -- | -- |
| 02/25/2022 02/25/22 | For Sale | $1,800,000 | +142.4% | $334 / Sq Ft |
| 07/07/2014 07/07/14 | Off Market | $742,599 | -- | -- |
| 02/14/2013 02/14/13 | Sold | $742,599 | +14.3% | $138 / Sq Ft |
| 01/10/2013 01/10/13 | Pending | -- | -- | -- |
| 12/28/2012 12/28/12 | For Sale | $649,900 | -- | $121 / 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 |
|---|---|---|---|---|
| 2023 | $619 | $1,449,056 | $310,000 | $1,139,056 |
| 2022 | $13,802 | $1,036,420 | $0 | $0 |
| 2021 | $13,951 | $1,006,233 | $0 | $0 |
| 2020 | $13,851 | $992,340 | $255,000 | $737,340 |
| 2018 | $13,947 | $962,420 | $253,000 | $709,420 |
| 2017 | $13,774 | $955,977 | $0 | $0 |
| 2016 | $13,732 | $936,314 | $0 | $0 |
| 2015 | $14,646 | $966,614 | $0 | $0 |
| 2014 | $12,203 | $848,092 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2022
Heather Stotts
RE/MAX
(951) 505-6515
2 in this area
445 Total Sales
-
M
Seller's Agent in 2013
Michael Bogsted
REAL ESTATE INVESTMENT & ASSET
(863) 521-1112
1 in this area
48 Total Sales
-
H
Buyer's Agent in 2013
Horlando Arteaga
Map
Source: Stellar MLS
MLS Number: L4928181
APN: 24-29-10-280559-001290
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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