Seller's Agent in 2022
Scott Fader
JOSEPH WALTER REALTY LLC
(248) 390-8242
1 in this area
2,444 Total Sales
31026 Nocatee Trail Sorrento, FL 32776
Wekiva NeighborhoodEstimated Value: $474,000 - $648,000
3
Beds
2
Baths
1,642
Sq Ft
$351/Sq Ft
Est. Value
Highlights
- 100 Feet of Waterfront
- River Access
- Family Room Off Kitchen
- Dock made with wood
- High Ceiling
- 3 Car Attached Garage
About This Home
As of July 2022Rare find, log home on +1.5 acre lot directly on the Wekiva River. 3 bedroom, 2 bath with one bedroom in the loft. Been renting as an AirBnb/VRBO property for 2 ½ years. We had 35 guests in 2021 with a gross revenue of $29,000. The current home is 1,642 square feet, with a partially completed addition of over 1,800 square feet. The first half of the addition contains a living room and the master bedroom while the 3 car garage has a large mother-in-law suite above. When completed the home’s interior would be around 3,400 square feet.
The original log home was 40 x 40 which is currently a fully functioning vacation rental with 2 downstairs bedrooms and master bathroom. The loft has another bedroom with the 2nd full bathroom. All homes in the neighborhood are on wells with water treatment systems. Since we are close to the Wekiva River, we have an advanced, high capacity septic system.
This home is sold as-is because it is a project home. The log exterior needs some work and should be re-stained. I have plenty of extra log siding for future repairs and modifications. The path to the Wekiva is about 400 feet from the back of the house, there is a wooden dock at the end which needs repair. To complete the addition the expired building permit would have to be renewed. I have the set of stamped construction drawings to complete the addition as designed by the architect. The addition was started in 2008 and all the heavy lifting has been completed and approved.
Since this is an active AirBnb/VRBO it can only be shown when no guests are present.
Last Agent to Sell the Property
JOSEPH WALTER REALTY LLC License #3491231 Listed on: 03/30/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,343
Year Built
- Built in 1996
Lot Details
- 1.57 Acre Lot
- 100 Feet of Waterfront
- River Front
- South Facing Home
Parking
- 3 Car Attached Garage
Home Design
- Bi-Level Home
- Slab Foundation
- Stem Wall Foundation
- Shingle Roof
- Log Siding
Interior Spaces
- 1,642 Sq Ft Home
- High Ceiling
- Ceiling Fan
- Family Room Off Kitchen
Kitchen
- Eat-In Kitchen
- Convection Oven
- Range
- Dishwasher
Flooring
- Carpet
- Linoleum
Bedrooms and Bathrooms
- 3 Bedrooms
- Walk-In Closet
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Outdoor Features
- River Access
- Dock made with wood
Schools
- Sorrento Elementary School
- Mount Dora Middle School
- Mount Dora High School
Utilities
- Central Heating and Cooling System
- Heat Pump System
- Propane
- Water Filtration System
- Well
- Tankless Water Heater
- Gas Water Heater
- Septic Tank
- High Speed Internet
- Cable TV Available
Community Details
- Property has a Home Owners Association
- Wekiva River Acres Subdivision
Listing and Financial Details
- Home warranty included in the sale of the property
- Down Payment Assistance Available
- Visit Down Payment Resource Website
- Tax Lot 25
- Assessor Parcel Number 33-19-29-0200-000-02500
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 30, 2022
Closed on
Jul 22, 2022
Sold by
Fitzgerald Iii William J and Fitzgerald Patricia S
Bought by
Howard Richard D and Howard Shannon R
Seller's Agent
Scott Fader
JOSEPH WALTER REALTY LLC
Buyer's Agent
Scott Fader
JOSEPH WALTER REALTY LLC
List Price
$599,000
Sold Price
$599,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$22,817
Avg. Annual Appreciation
-0.61%
Original Mortgage
$419,300
Outstanding Balance
$402,761
Interest Rate
5.23%
Mortgage Type
Balloon
Estimated Equity
$184,942
Purchase Details
Closed on
Mar 18, 2003
Sold by
Levy Raphael W
Bought by
Fitzgerald William J and Fitzgerald Patricia S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,200
Interest Rate
5.86%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 24, 2001
Sold by
Davis Joanna H and Levy Joanna
Bought by
Levy Raphael W
Purchase Details
Closed on
Sep 27, 1999
Sold by
Phillips Shirley
Bought by
Levy Raphael W and Levy Joanna
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,500
Interest Rate
7.89%
Purchase Details
Closed on
Feb 7, 1994
Sold by
Durant Frank H
Bought by
Phillips Shirley
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
7.17%
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 |
|---|---|---|---|
| Howard Richard D | $599,000 | First Florida Title & Trust | |
| Fitzgerald William J | $184,000 | -- | |
| Levy Raphael W | $8,000 | -- | |
| Levy Raphael W | $165,000 | -- | |
| Phillips Shirley | $54,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Howard Richard D | $419,300 | |
| Previous Owner | Fitzgerald William J | $100,450 | |
| Previous Owner | Fitzgerald William J | $300,000 | |
| Previous Owner | Fitzgerald William J | $149,000 | |
| Previous Owner | Fitzgerald William J | $77,000 | |
| Previous Owner | Fitzgerald William J | $147,200 | |
| Previous Owner | Levy Raphael W | $148,500 | |
| Previous Owner | Phillips Shirley | $45,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/25/2022 07/25/22 | Sold | $599,000 | 0.0% | $365 / Sq Ft |
| 05/23/2022 05/23/22 | Pending | -- | -- | -- |
| 04/21/2022 04/21/22 | For Sale | $599,000 | 0.0% | $365 / Sq Ft |
| 04/07/2022 04/07/22 | Pending | -- | -- | -- |
| 03/30/2022 03/30/22 | For Sale | $599,000 | -- | $365 / 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 |
|---|---|---|---|---|
| 2025 | $4,594 | $320,962 | $152,458 | $168,504 |
| 2024 | $4,594 | $320,962 | $152,458 | $168,504 |
| 2023 | $4,594 | $299,636 | $120,737 | $178,899 |
| 2022 | $4,554 | $299,636 | $120,737 | $178,899 |
| 2021 | $4,343 | $286,982 | $0 | $0 |
| 2020 | $4,623 | $286,049 | $0 | $0 |
| 2019 | $4,476 | $272,143 | $0 | $0 |
| 2018 | $4,008 | $245,187 | $0 | $0 |
| 2017 | $3,912 | $240,264 | $0 | $0 |
| 2016 | $3,983 | $240,264 | $0 | $0 |
| 2015 | $4,058 | $236,889 | $0 | $0 |
| 2014 | $4,050 | $233,821 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Scott Fader
Map
Source: Stellar MLS
MLS Number: A4530067
APN: 33-19-29-0200-000-02500
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