NOT LISTED FOR SALE

Estimated Value: $291,357 - $420,000

3 Beds
2 Baths
1,936 Sq Ft
$179/Sq Ft Est. Value

Last Sold November 02, 2018

Last sale price $217,000 $112 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $2,008/month

47 Days on Market

Highlights

  • Boathouse
  • Lake View
  • Sun or Florida Room
  • 140 Feet of Waterfront
  • Open Floorplan
  • No HOA

About This Home

As of November 2018

Million dollar panoramic views of Lake Panasoffkee whether you are inside or out of this home. This direct lakefront home features 3 bedrooms 2 baths open tri split floorplan detached 2 car garage, covered boathouse with 70 feet lake frontage and 100 feet of canal frontage. This home has NO carpet, ceramic tile throughout the core of the home and laminate flooring in the bedrooms. New shiplap walls, new appliances and a true wood burning fireplace. The master bedroom has 2 closets and the master bath has a walk in shower. Central heat and air throughout.

Last Agent to Sell the Property

Mitch Stiefel

HANCOCK REALTY GROUP License #3135723 Listed on: 08/06/2018

Last Buyer's Agent

Tami Cook

TROPIC SHORES REALTY LLC License #3138351

TROPIC SHORES REALTY LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,262

Year Built

  • Built in 1979

Lot Details

  • 7,000 Sq Ft Lot
  • 140 Feet of Waterfront
  • Lake Front
  • Fenced
  • Landscaped with Trees
  • Property is zoned 5005R

Parking

  • 2 Car Garage
  • 1 Carport Space

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Siding

Interior Spaces

  • 1,936 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • Sun or Florida Room
  • Lake Views
  • Laundry in unit

Kitchen

  • Range with Range Hood
  • Dishwasher

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms

Outdoor Features

  • Access To Lake
  • Water Skiing Allowed
  • Boathouse

Location

  • City Lot

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Community Details

  • No Home Owners Association
  • Olive Palm Comm Unreco Rded Sub Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,262

Year Built

Built in 1979

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Siding, Wood Frame
  • Fireplace: Yes
  • Living Area: 1936
  • Lot Size Acres: 0.16
  • New Construction: No
  • Year Built: 1979
  • Building Area Total: 2296
  • Lot Size Sq Ft: 7000
  • Directions to Property: CR 470 to CR 400 to Idlewood/ CR 401 to Pinebrae/ 401C N on 401C
  • Status: Sold
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=G5004664&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=G5004664&cview=true&show_results=true&customer_portal=true
  • Homestead Y N: No
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Subdivision Num: 5009
  • Ratio: Close Price\List Price: 0.90417
  • Price per Sq Ft: 112.09
  • Close to Original List Price Ratio: 0.90417
  • Ratio: Current Price\Building Area Total: 94.51
  • View: Yes
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2017
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile, Laminate
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Open Floorplan, Split Bedroom
  • Appliances Included: Dishwasher, Range, Range Hood, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Street Number Modifier: 3863
  • Room Count: 5
  • Additional Rooms: Florida Room
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Exterior Features: Fenced
  • Roof: Shingle
  • Pool Private: No
  • View: Water
  • Water Body Name: Lake Panasoffkee
  • Waterfront: Yes
  • Road Surface Type: Paved
  • Water View: Lake
  • Water Access: Lake
  • Water Extras: Boathouse, Skiing Allowed
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Flood Zone Panel: 12119C0109D
  • Waterfront Frontage: 140
  • Water Frontage Feet Lake: 140

Garage/Parking

  • Attached Garage: No
  • Carport Spaces: 1
  • Carport Y N: Yes
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: None
  • Covered Parking Spaces: 1
  • Open Parking: No

Utilities

  • Utilities: Electricity Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Inside
  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association Approval Required YN: No

Lot Info

  • Zoning: 5005R
  • Parcel Number: F30C230
  • Additional Parcels: No
  • Lot Features: City Lot
  • Flood Zone Code: AE
  • Flood Zone Date: 2013-09-27
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Unfurnished
  • Minimum Lease: 7 Months
  • Lease Restrictions Y N: No

Tax Info

  • Tax Annual Amount: 1262
  • Tax Block: 0/0
  • Tax Book Number: 3-23
  • Tax Lot: 230

Multi Family

  • Waterfront Features: Lake

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2018
Closed on
Nov 2, 2018
Sold by
Merritt William S and Merritt Sara
Bought by
Bennett Dennis R and Bennett Regina V
Seller's Agent
Mitch Stiefel
HANCOCK REALTY GROUP
Buyer's Agent
Tami Cook
TROPIC SHORES REALTY LLC
List Price
$240,000
Sold Price
$217,000
Premium/Discount to List
-$23,000
-9.58%
Current Estimated Value
$347,339

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$130,339
Avg. Annual Appreciation
7.68%
Original Mortgage
$224,161
Interest Rate
4.7%
Mortgage Type
VA

Purchase Details

Listed on
Mar 6, 2017
Closed on
Sep 29, 2017
Sold by
Branch Land Company Llc
Bought by
Merritt William S and Merritt Sara
Seller's Agent
Craig Yox
ERA GRIZZARD REAL ESTATE
Buyer's Agent
Mitch Stiefel
HANCOCK REALTY GROUP
List Price
$174,900
Sold Price
$173,500
Premium/Discount to List
-$1,400
-0.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.78%
Original Mortgage
$170,356
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 20, 2009
Sold by
Codrington J Craig and Codrington Michelle D
Bought by
Branch Land Company Llc

Purchase Details

Closed on
Feb 15, 2008
Sold by
Trauner Judith B
Bought by
Branch Land Co Llc

Purchase Details

Closed on
May 13, 2004
Sold by
Girardeau Linda and Girardeau Richard Y
Bought by
Trauner Judith B and Craig Codrington J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,900
Interest Rate
3.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 2, 1997
Sold by
Bailey Marilyn M and Bailey Loyal C
Bought by
Girardeau Richard Y and Girardeau Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,500
Interest Rate
7.69%
Mortgage Type
VA
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
Bennett Dennis R $217,000 New Frontier Title Llc
Merritt William S $173,500 Attorney
Branch Land Company Llc $78,800 Attorney
Branch Land Co Llc $80,000 Attorney
Trauner Judith B $182,500 Guardian Land Title Inc
Girardeau Richard Y $83,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bennett Dennis R $227,981
Closed Bennett Dennis R $224,161
Previous Owner Merritt William S $170,356
Previous Owner Trauner Judith B $160,815
Previous Owner Trauner Judith B $172,900
Previous Owner Girardeau Richard Y $83,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/02/2018 11/02/18 Sold $217,000 -9.6% $112 / Sq Ft
09/22/2018 09/22/18 Pending -- -- --
08/06/2018 08/06/18 For Sale $240,000 +38.3% $124 / Sq Ft
12/31/2017 12/31/17 Off Market $173,500 -- --
09/29/2017 09/29/17 Sold $173,500 -0.8% $117 / Sq Ft
08/11/2017 08/11/17 Pending -- -- --
08/01/2017 08/01/17 For Sale $174,900 0.0% $118 / Sq Ft
07/22/2017 07/22/17 Pending -- -- --
03/06/2017 03/06/17 For Sale $174,900 -- $118 / 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 $1,432 $168,780 -- --
2023 $1,432 $163,870 $0 $0
2022 $1,373 $159,100 $15,500 $143,600
2021 $1,469 $155,290 $0 $0
2020 $1,501 $153,150 $15,500 $137,650
2019 $1,539 $153,150 $15,500 $137,650
2018 $1,031 $119,040 $15,500 $103,540
2017 $1,262 $98,740 $15,500 $83,240
2016 $1,266 $97,590 $0 $0
2015 $1,247 $94,220 $0 $0
2014 $1,282 $94,220 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: G5004664

Stellar MLS

APN: F30C230