NOT LISTED FOR SALE

3971 Magnolia Dr Indian Lake Estates, FL 33855

Estimated Value: $237,000 - $309,000

3 Beds
2 Baths
1,828 Sq Ft
$158/Sq Ft Est. Value

Last Sold April 04, 2023

Last sale price $320,000 $175 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $1,918/month

38 Days on Market

Highlights

  • Waterfront Community
  • Golf Course Community
  • Fitness Center
  • Boat Ramp
  • Access To Lake
  • Fishing

About This Home

As of April 2023

SELLER PAID BUY DOWN ON BUYERS INTEREST RATE!! The buy down can lower monthly mortgage up to two points!! Seller preferred lender offering same day pre-approval and quotes. If you are looking for something move-in ready, look no further than this stunning home located in the lake community of Indian Lake Estates, a golfing, fishing and boating community in the center of Florida. Nestled on a half-acre corner lot, you will love the open floor plan featuring 3 bedrooms 2 baths and bonus room. Upon entering this gorgeous home, you will be wowed by the beautiful renovation that has been completed. Freshly painted inside and out with all neutral colors! New flooring, baseboards, new interior doors, total kitchen and bathroom remodel. The kitchen has brand new stainless steel appliances, loads of quartz counter tops, soft-close cabinetry, designer-look back splash and fixtures and a huge walk-in pantry with modern sliding door closure. The master bedroom has a walk-in closet and full ensuite with glass shower enclosure. There are also two guest bedrooms and full guest bath. Beautiful, easy-care luxury plank vinyl runs throughout the entire home. No carpet here! Off of the kitchen is a bonus flex space that can be used as an office or extra storage space that also has a modern sliding door closure. Other features of this home include two storage sheds and a fenced area for the little ones and pets to romp! The one-half acre lot that is adjacent is also available for sale providing over an acre! When you are not enjoying this exceptional home, Lake Walk in Water is just a five-minute drive away where you can enjoy boating, fishing or enjoying the most beautiful sunsets you've ever seen! If you want to enjoy Florida living at its best, this is where you want to invest! Indian Lake Estates is about 20 miles east of Lake Wales. The community surrounds the 7,500 acre lake locally known as Lake Walk In Water, nationally known for its fishing and considered to be one of the best bass fishing lakes in all Florida. The lake has a community boat ramp, boat marina and the longest freshwater fishing pier in the State of Florida. The pavilion is located at the front of the pier and is complete with propane grills and covered picnic tables. The community amenities include an 18-hole and 9 hole golf course, basketball and tennis courts, 23,000 sq.ft. clubhouse, cafe, post office, churches, library, fitness room and pro shop. If you love nature and the peace and quiet of the country you're in luck. Wildlife is plentiful! You will see deer, raccoon, turkey, turtles, cranes and various species of birds that call Indian Lake Estates their home. You can enjoy Bok Tower Gardens or the famous Westgate River Ranch Resort and Rodeo. Orlando and Disney is only about an hour's drive north and Tampa, Busch Gardens, and the Gulf's pristine beaches only a little over an hour west. Vero Beach is about an hour east. Live the country life, experience the tranquility, but never be more than an hour away from it all. Make your appointment today to view this beautiful home and see how great life can be at Indian Lake Estates.

Last Agent to Sell the Property

Karen Boyette

SIGNATURE REALTY ASSOCIATES License #3098904 Listed on: 12/27/2022

Last Buyer's Agent

Gregory Baker

LIVE FLORIDA REALTY License #3520406

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,244

Year Built

  • Built in 1958

Lot Details

  • 0.6 Acre Lot
  • Lot Dimensions are 120x218
  • North Facing Home
  • Fenced

HOA Fees

  • $30 Monthly HOA Fees

Parking

  • 2 Carport Spaces

Home Design

  • Slab Foundation
  • Shingle Roof
  • Block Exterior

Interior Spaces

  • 1,828 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Living Room
  • Dining Room
  • Bonus Room
  • Inside Utility
  • Laundry in unit
  • Vinyl Flooring

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Access To Lake
  • Fishing Pier
  • Water Skiing Allowed
  • Shed

Utilities

  • Central Heating and Cooling System
  • Well
  • Septic Tank

Listing and Financial Details

Community Details

Overview

  • Association fees include private road, recreational facilities
  • Althea Torkildson Association, Phone Number (863) 692-1433
  • Visit Association Website
  • Indian Lake Estates Subdivision
  • The community has rules related to deed restrictions, allowable golf cart usage in the community
  • Community Lake

Amenities

  • Restaurant
  • Clubhouse

Recreation

  • Boat Ramp
  • Waterfront Community
  • Golf Course Community
  • Tennis Courts
  • Fitness Center
  • Fishing

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,244

Year Built

Built in 1958

Lot Details

0

HOA Fees

$30 per month

Listing Details

  • HOA Fee Includes: Private Road, Recreational Facilities
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 1828
  • Lot Size Acres: 0.6
  • New Construction: No
  • Year Built: 1958
  • Building Area Total: 1848
  • Lot Size Sq Ft: 26158
  • Directions to Property: From Lake Wales Walmart, travel 16 miles east on SR 60. Turn right on Deland, turn right on Park, then turn left on Orange. House is located on corner of Magnolia and Orange.
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Escrow City: Lakes Wells
  • Escrow Postal Code: 33853
  • Escrow State: FL
  • Escrow Street Name: E Stuart Avenue
  • Escrow Street Number: 120
  • List Office Head Office Key Nume: 1054925
  • Minimum Lease: 1 Month
  • RATIO Current Price By Calculate: 175.05
  • Total Acreage: 1/2 to less than 1
  • Unit Number YN: 0
  • Water Access YN: 1
  • Tax Year: 2022
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Vinyl
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Open Floorplan
  • Appliances Included: Dishwasher, Microwave, Range, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Spa Yn: No
  • Stories: 1
  • Street Number Modifier: 3971
  • ResoLivingAreaSource: PublicRecords
  • Additional Rooms: Bonus Room,Inside Utility
  • Living Area Meters: 169.83
  • Room Count: 9

Exterior Features

  • Direction Faces: North
  • Other Structures: Shed(s)
  • Exterior Features: Storage
  • Roof: Shingle
  • Home Warranty: No
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Asphalt
  • Disclosures: HOA/PUD/Condo Disclosure, Lead Paint, Seller Property Disclosure
  • Water Access: Lake
  • Water Extras: Fishing Pier,Skiing Allowed
  • Water Extras YN: 1
  • Water View YN: 0
  • Waterfront Feet Total: 0

Garage/Parking

  • Attached Garage: No
  • Carport Spaces: 2
  • Carport Y N: Yes
  • Garage Yn: No
  • Parking Features: Covered

Utilities

  • Utilities: Electricity Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Inside
  • Sewer: Septic Tank
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: Clubhouse, Boat Ramp, Deed Restrictions, Fishing, Fitness Center, Gated, Golf Carts OK, Golf, Lake, Restaurant, Tennis Courts, Water Access, Waterfront
  • Association Fee: 362.3
  • Association Fee Frequency: Annually
  • Association Name: Althea Torkildson
  • Phone: 863-692-1433
  • Association: Yes
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 0
  • Pet Restrictions: Please call community office for any and all pet restrictions. No farm animals or livestock.
  • Association Fee Requirement: Required
  • Condo Land Included YN: 0
  • Association Email: acctinfo@ile.com
  • Association URL: www.indianlakeestates.net

Fee Information

  • Total Annual Fees: 362.30
  • Total Monthly Fees: 30.19
  • Monthly HOA Amount: 30.19

Lot Info

  • Parcel Number: 30-31-07-994050-020213
  • Additional Parcels: No
  • Fencing: Fenced
  • Lot Dimensions: 120x218
  • Property Attached Yn: No
  • Flood Zone Code: X
  • Homestead YN: 0
  • Lot Size Square Meters: 2430

Green Features

  • Green Verification Count: 0

Rental Info

  • Pets Allowed: Yes
  • Lease Restrictions YN: 0
  • Additional Lease Restrictions: Please call community office for any and all leasing restrictions.

Tax Info

  • Tax Annual Amount: 2243.7
  • Tax Block: 202
  • Tax Book Number: 39-31
  • Tax Lot: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 27, 2022
Closed on
Apr 4, 2023
Sold by
Schonacher David M and Schonacher Nicole L
Bought by
Hernandez Crystal M and Hernandez Anicasio Pascual
Seller's Agent
Karen Boyette
SIGNATURE REALTY ASSOCIATES
Buyer's Agent
Gregory Baker
LIVE FLORIDA REALTY
List Price
$330,000
Sold Price
$320,000
Premium/Discount to List
-$10,000
-3.03%
Views
76
Current Estimated Value
$304,328

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$15,672
Avg. Annual Appreciation
-1.29%
Original Mortgage
$314,204
Outstanding Balance
$307,144
Interest Rate
6.65%
Mortgage Type
FHA
Estimated Equity
$3,314

Purchase Details

Listed on
Jan 6, 2022
Closed on
May 24, 2022
Sold by
Teresa Pennybacker
Bought by
Schonacher David M and Schonacher Nichole Leigh
Seller's Agent
Karen Boyette
SIGNATURE REALTY ASSOCIATES
Buyer's Agent
Laura Carter
SIGNATURE REALTY ASSOCIATES
Sold Price
$195,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
77.88%
Original Mortgage
$156,000
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 26, 2019
Sold by
Rector Deborah Darlene and Rector Lee James
Bought by
Pennybacker Matthew Wesley and Pennybacker Teresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,760
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 8, 2019
Sold by
Dent Darrell R and Dent Susan E
Bought by
Rector Lee Jmws and Rector Deborah Darlene

Purchase Details

Closed on
Nov 23, 2005
Sold by
Taylor Douglas
Bought by
Dent Darrell R and Dent Susan E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
6.04%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Hernandez Crystal M $320,000 Real Estate Title
Schonacher David M $195,000 Real Estate Title
Pennybacker Matthew Wesley $108,000 Real Estate Title Svcs Inc
Rector Lee Jmws $105,000 Real Estate Title Svcs Inc
Dent Darrell R $94,000 Real Estate Title Svcs Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hernandez Crystal M $314,204
Previous Owner Schonacher David M $156,000
Previous Owner Pennybacker Matthew Wesley $108,000
Previous Owner Pennybacker Matthew Wesley $104,760
Previous Owner Dent Darrell R $60,000
Previous Owner Dent Darrell R $75,000
Previous Owner Taylor Douglas $47,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2023 04/04/23 Sold $320,000 -3.0% $175 / Sq Ft
02/04/2023 02/04/23 Pending -- -- --
12/27/2022 12/27/22 For Sale $330,000 +69.2% $181 / Sq Ft
05/25/2022 05/25/22 Sold $195,000 -4.9% $107 / Sq Ft
03/24/2022 03/24/22 Pending -- -- --
03/22/2022 03/22/22 Price Changed $205,000 -2.3% $112 / Sq Ft
03/07/2022 03/07/22 For Sale -- -- --
03/02/2022 03/02/22 Pending -- -- --
02/11/2022 02/11/22 For Sale $209,900 0.0% $115 / Sq Ft
02/07/2022 02/07/22 Pending -- -- --
02/03/2022 02/03/22 Price Changed $209,900 -6.7% $115 / Sq Ft
01/24/2022 01/24/22 Price Changed $225,000 -4.3% $123 / Sq Ft
01/06/2022 01/06/22 For Sale $235,000 -- $129 / 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
2023 $2,655 $165,722 $12,000 $153,722
2022 $2,244 $122,902 $0 $0
2021 $2,025 $111,729 $2,500 $109,229
2020 $1,954 $107,260 $2,500 $104,760
2018 $1,627 $84,770 $2,500 $82,270
2017 $1,551 $75,913 $0 $0
2016 $1,397 $70,933 $0 $0
2015 $1,154 $75,418 $0 $0
2014 $1,309 $68,562 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Stellar MLS

MLS Number: T3420138

Stellar MLS

APN: 30-31-07-994050-020213