NOT LISTED FOR SALE

313 W Highway 50 Clermont, FL 34711

Indian Hills Neighborhood

Estimated Value: $417,000 - $504,319

4 Beds
3 Baths
1,775 Sq Ft
$268/Sq Ft Est. Value

Last Sold February 16, 2018

Last sale price $140,000 $79 Per Sq Ft

Est. 239% increase in value since last sale

Current estimated payment $2,998/month

55 Days on Market

Highlights

  • No HOA
  • Zoned Heating and Cooling
  • 1-minute walk to Chestnut Park
  • Balcony
  • Carpet

About This Home

As of February 2018

INCREDIBLE INVESTMENT OPPORTUNITY AWAITS THIS LUCKY BUYER!! As a residential property, this older 4 BR, 3 Ba home sitting on 2 lots ((100 FF on Hwy 50) presents a wonderful opportunity for current cash flow and ultimately a HUGE return on investment when the right buyer comes along. This old home has "good bones" and can be upgraded a bit and modified to provide 2 or 3 income producing residential rentals NOW. POTENTIAL RENTAL INCOME of $2,200 to $2,600 per month!! A fabulous return in the range of 20% starting right away!
Long term, WHEN, NOT IF, the commercial buyer comes along looking to aggregate several of these lots into a major tract for a major C-1 use, you'll be in the catbird's seat with a property that's making you big money as you sit back and negotiate with the BIG GUY!!
THAT'S A WIN-WIN IN THE RENTAL REAL ESTATE BUSINESS, YOU WIN NOW AND YOU WIN LATER!!!

For those looking for an immediate COMMERCIAL USE, to add to the utility of this building, we have just listed the vacant lot (50 FFx85') next door to the east (See Listing #O5552586). This provides direct access to AND parking for the structure from 3rd St. Ideal for a small business!!! A total of 150' on Hwy 50 but easy access from a side street! GREAT VISIBILITY AND GREAT ACCESS!!

Last Agent to Sell the Property

Mason Simpson

WINDERMERE REALTY COMPANY LLC License #3090270 Listed on: 12/06/2017

Last Buyer's Agent

Amal Mazouzi

PREMIER PROPERTIES LLC License #3084715

Property Details

Home Type

  • Modular Prefabricated Home

Est. Annual Taxes

  • $2,250

Year Built

  • Built in 1936

Lot Details

  • 8,500 Sq Ft Lot
  • Additional Parcels

Home Design

  • Slab Foundation
  • Shingle Roof
  • Block Exterior

Interior Spaces

  • 1,775 Sq Ft Home
  • Blinds
  • Carpet
  • Fire and Smoke Detector
  • Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Parking

  • Garage
  • Parking Pad
  • Rear-Facing Garage
  • Side Facing Garage

Outdoor Features

  • Balcony

Utilities

  • Zoned Heating and Cooling
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Clermont Subdivision

Listing and Financial Details

Property Details

Home Type

Modular Prefabricated Home

Est. Annual Taxes

$2,250

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Block
  • Fireplace: Yes
  • Living Area: 1775
  • Lot Size Acres: 0.2
  • New Construction: No
  • Year Built: 1936
  • Building Area Total: 2902
  • Lot Size Sq Ft: 8500
  • Directions to Property: From downtown Clermont, proceed west on Hwy 50 to 313. It's on the south side of the street.
  • Status: Sold
  • Street Direction: W
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=O5550847&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=O5550847&cview=true&show_results=true&customer_portal=true
  • Homestead Y N: No
  • Total Acreage: 0 to less than 1/4
  • Home Warranty Y N: No
  • Property Description: Modular
  • Ratio: Close Price\List Price: 0.875
  • Price per Sq Ft: 78.87
  • Close to Original List Price Ratio: 1.27273
  • Ratio: Current Price\Building Area Total: 48.24
  • View: No
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2016
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet
  • Full Bathrooms: 3
  • Appliances Included: Electric Water Heater, Range
  • Foundation Details: Slab
  • Total Bedrooms: 4
  • Window Features: Blinds
  • Street Number Modifier: 313
  • Room Count: 8
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Exterior Features: Balcony
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Flood Zone Panel: 12069C0570E

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Garage Faces Rear, Garage Faces Side, None, Parking Pad
  • Open Parking: No

Utilities

  • Cooling: Central Air, Zoned
  • Heating: Central
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Security: Smoke Detector(s)
  • Senior Community: No
  • Association Fee Requirement: None
  • Association Approval Required YN: No

Lot Info

  • Zoning: C-1
  • Parcel Number: 24-22-25-010002800300
  • Additional Parcels: Yes
  • Property Attached Yn: No
  • Flood Zone Code: X
  • Flood Zone Date: 2012-12-18
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Minimum Lease: No Minimum
  • Lease Restrictions Y N: No

Tax Info

  • Tax Annual Amount: 2250
  • Tax Block: 28
  • Tax Book Number: 8-17
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 6, 2017
Closed on
Feb 12, 2018
Sold by
Darlington Deanna
Bought by
Persaud Angela
Seller's Agent
Mason Simpson
WINDERMERE REALTY COMPANY LLC
Buyer's Agent
Amal Mazouzi
PREMIER PROPERTIES LLC
List Price
$160,000
Sold Price
$140,000
Premium/Discount to List
-$20,000
-12.5%
Current Estimated Value
$475,080

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$335,080
Avg. Annual Appreciation
17.02%

Purchase Details

Closed on
Sep 12, 2012
Sold by
Schonbrun Harvey
Bought by
Darlington Deanna

Purchase Details

Closed on
May 22, 2012
Sold by
Jones Amy Lee
Bought by
Schonbrun Harvey

Purchase Details

Closed on
May 9, 2012
Sold by
Jones Amy Lee
Bought by
Schonbrun Harvey

Purchase Details

Closed on
Feb 2, 1999
Sold by
Dean Arthur and Dean Ida Mae
Bought by
Jones Amy Lee
Source: Public Records

Range of Values:

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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
Persaud Angela $140,000 None Available
Darlington Deanna $130,000 A-T Title & Trust
Schonbrun Harvey -- Attorney
Schonbrun Harvey -- Attorney
Jones Amy Lee -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Schonbrun Harvey $141,849
Previous Owner Jones Amy Lee $163,562
Previous Owner Jones Amy Lee $160,000
Previous Owner Jones Amy Lee $130,500
Previous Owner Jones Amy Lee $85,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/16/2018 02/16/18 Sold $140,000 -12.5% $79 / Sq Ft
01/31/2018 01/31/18 Pending -- -- --
01/23/2018 01/23/18 For Sale $160,000 0.0% $90 / Sq Ft
01/19/2018 01/19/18 Pending -- -- --
12/18/2017 12/18/17 Price Changed $160,000 0.0% $90 / Sq Ft
12/18/2017 12/18/17 For Sale $160,000 +14.3% $90 / Sq Ft
12/15/2017 12/15/17 Off Market $140,000 -- --
12/08/2017 12/08/17 For Sale $110,000 -21.4% $62 / Sq Ft
12/06/2017 12/06/17 Off Market $140,000 -- --
12/06/2017 12/06/17 For Sale $110,000 -- $62 / 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
2025 $5,872 $475,426 $180,000 $295,426
2024 $5,872 $475,426 $180,000 $295,426
2023 $5,872 $404,816 $120,000 $284,816
2022 $5,218 $344,816 $60,000 $284,816
2021 $4,723 $324,378 $0 $0
2020 $4,053 $253,524 $0 $0
2019 $3,697 $206,282 $0 $0
2018 $2,558 $144,824 $0 $0
2017 $2,402 $135,265 $0 $0
2016 $2,250 $124,382 $0 $0
2015 $2,285 $122,488 $0 $0
2014 $2,130 $116,256 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2018

    Mason Simpson

    WINDERMERE REALTY COMPANY LLC

    Section Image
  • Amal Mazouzi

    Buyer's Agent in 2018

    Amal Mazouzi

    PREMIER PROPERTIES LLC

    (321) 297-4979

    55 Total Sales

    Amal Mazouzi
    Section Image
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Map

Source: Stellar MLS

MLS Number: O5550847

Stellar MLS

APN: 24-22-25-0100-028-00300

Florida Lake County Clermont 34711 Indian Hills

313 W Highway 50, Clermont, FL

This home is located at 313 W Highway 50, Clermont, FL 34711 since 06 December 2017 and is currently estimated at $475,080, approximately $267 per square foot. This property was built in 1936. 313 W Highway 50 is a home located in Lake County with nearby schools including East Ridge High School, Wesley Christian Academy, and South Lake Montessori School.

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.

Stellar MLS 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.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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