NOT LISTED FOR SALE

Estimated Value: $490,473 - $566,000

3 Beds
4 Baths
2,588 Sq Ft
$200/Sq Ft Est. Value

Last Sold August 24, 2021

Last sale price $488,000 $189 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $3,346/month

24 Days on Market

Highlights

  • Senior Community
  • No HOA
  • 1 Car Attached Garage
  • Lake View
  • Balcony
  • 4-minute walk to Kehlor Recreation Center & Park

About This Home

As of August 2021

Build your investment portfolio with a property that offers peace of mind as all high dollar items have been recently replaced.. BRAND NEW ROOF AS OF OCTOBER 2020! Brand new kitchens were installed in both units in 2018, including granite countertops, new cabinets, & new stainless steel appliances (2 new refrigerators, 2 new dishwashers, 2 new ranges, 2 new microwaves. The exterior and interior were repainted with Sherwin Williams product. A brand new deck was installed in 2018. Also installed in 2018 is new sod, and a complete landscape package. Both A/C's are brand new (2 condensers, 2 handlers)! New vanities in bathrooms have been installed. Each unit has a screened lanai with a view of the lake. This worry-free investment is located in the highly sought after Downtown district of Clermont. Literally just a few blocks from the following: Shopping, Dining, Breweries, Schools, Banks, Splash Pad, Beach, Lake, Basketball Court, Playground, walking trail, boat ramp, and Waterfront Park which hosts a variety of events throughout the year. It's like having amenities of an expensive HOA, but without the fees. Downtown Clermont is currently going through a high dollar renovation, including, but not limited to: a 100 room boutique hotel & spa, an art walk, brick paved streets, and more. The 2/2 located upstairs and is currently leased until May 2022 at $1350/month. The 3/2 downstairs includes 1.5 car garage with lots of storage area and is currently offered for lease at $1550/month. This brings the total gross income to $2900/month, or $34,800/year. Whether your exit plan is to hold for 5 years, then sell, or make this a long term investment, this income producing property in a PRIME location is sure to meet your investment needs. With very few income properties on the market, and very few properties available in Downtown Clermont, NOW is the time to jump on this opportunity and claim your piece of the pie! Call today to set up your private showing. Do not disturb tenants! Showings by Appointment ONLY! Owner also has a 6 Plex listed in Mount Dora and would consider a package deal price for both properties.

Last Agent to Sell the Property

Tony Stanley

OPTIMA ONE REALTY, INC. License #3052266 Listed on: 05/29/2021

OPTIMA ONE REALTY, INC.

Last Buyer's Agent

John Hart

ENGEL & VOLKERS ORLANDO DR PHILLIPS License #3474992

ENGEL & VOLKERS ORLANDO DR PHILLIPS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,518

Year Built

  • Built in 1984

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 75x150
  • Irrigation

Parking

  • 1 Car Attached Garage

Home Design

  • Duplex
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,588 Sq Ft Home
  • Sliding Doors
  • Lake Views

Outdoor Features

  • Balcony
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • High Speed Internet
  • Cable TV Available

Community Details

  • Senior Community
  • No Home Owners Association
  • 2 Units
  • Clermont Subdivision

Listing and Financial Details

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,518

Year Built

Built in 1984

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Construction Materials: Block, Stucco, Wood Frame
  • Fireplace: No
  • Living Area: 2588
  • Lot Size Acres: 0.26
  • New Construction: No
  • Year Built: 1984
  • Lot Size Sq Ft: 11250
  • Directions to Property: From HWY 50 heading West from 27, take a right onto 5th Street, then right onto Desoto Street, home on right.
  • Status: Sold
  • Street Direction: W
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/G5042599?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/G5042599?w=Customer
  • Unit Count: 2
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.9762
  • Price per Sq Ft: 188.56
  • Close to Original List Price Ratio: 0.9762
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2020
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Foundation Details: Slab
  • Street Number Modifier: 459
  • Number Of Buildings: 1

Exterior Features

  • Exterior Features: Balcony, Irrigation System, Lighting, Sliding Doors
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Paved
  • Water View: Lake
  • Water View Y N: Yes
  • Water Access Y N: No
  • Water Extras Y N: No

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Covered Parking Spaces: 1
  • Open Parking: No

Utilities

  • Utilities: BB/HS Internet Available, Cable Available
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: Yes

Lot Info

  • Zoning: R-2
  • Parcel Number: 24-22-25-0100-047-00101
  • Additional Parcels: No
  • Lot Dimensions: 75x150
  • Flood Zone Code: X

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 5518.23
  • Tax Block: 047
  • Tax Book Number: 8-17
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 27, 2025
Sold by
Landry John and Landry Tina
Bought by
Loftis Christopher E and Loftis Jeanne
Current Estimated Value
$517,368

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$376,525
Outstanding Balance
$374,976
Interest Rate
7.04%
Mortgage Type
New Conventional
Estimated Equity
$144,037

Purchase Details

Listed on
May 29, 2021
Closed on
Aug 24, 2021
Sold by
G & G Partnership Llc
Bought by
Landry Tina and Landry John
Seller's Agent
Tony Stanley
OPTIMA ONE REALTY, INC.
Buyer's Agent
John Hart
ENGEL & VOLKERS ORLANDO DR PHILLIPS
List Price
$499,900
Sold Price
$488,000
Premium/Discount to List
-$11,900
-2.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.55%
Original Mortgage
$449,704
Interest Rate
2.8%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 19, 2020
Sold by
Gamache Gary J and Gamache Gary J
Bought by
G & G Partnership Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
3.2%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Aug 17, 2018
Closed on
Aug 17, 2018
Sold by
Tatro Peter L
Bought by
Gamache Joseph
Seller's Agent
Tony Stanley
OPTIMA ONE REALTY, INC.
Buyer's Agent
Tony Stanley
OPTIMA ONE REALTY, INC.
List Price
$288,700
Sold Price
$288,700

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.70%
Original Mortgage
$216,525
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 6, 2005
Sold by
Al & Bill Properties Llc
Bought by
Tatro Peter L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,600
Interest Rate
5.46%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 24, 2001
Sold by
Eayrs Allan F and Eayrs Cheryl A
Bought by
Earyrs Allan F and Asma William N
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
Loftis Christopher E $502,033 Fidelity National Title Of Flo
Loftis Christopher E $502,033 Fidelity National Title Of Flo
Landry Tina $488,000 Metes & Bounds Title Company
G & G Partnership Llc -- Attorney
Gamache Joseph $288,700 Metes And Bounds Title Compa
Tatro Peter L $277,000 --
Earyrs Allan F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Loftis Christopher E $376,525
Closed Loftis Christopher E $376,525
Previous Owner Landry Tina $18,158
Previous Owner Landry Tina $449,704
Previous Owner G & G Partnership Llc $262,500
Previous Owner Gamache Joseph $216,525
Previous Owner Tatro Peter L $221,600
Previous Owner Eayrs Allan F $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/24/2021 08/24/21 Sold $488,000 -2.4% $189 / Sq Ft
06/21/2021 06/21/21 Pending -- -- --
05/28/2021 05/28/21 For Sale $499,900 +73.2% $193 / Sq Ft
08/17/2018 08/17/18 Sold $288,700 0.0% $111 / Sq Ft
08/17/2018 08/17/18 Pending -- -- --
08/17/2018 08/17/18 For Sale $288,700 -- $111 / 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 $6,328 $461,516 $135,000 $326,516
2024 $6,328 $461,516 $135,000 $326,516
2023 $6,328 $365,127 $75,000 $290,127
2022 $5,920 $340,127 $50,000 $290,127
2021 $5,477 $323,153 $0 $0
2020 $5,518 $323,153 $0 $0
2019 $5,791 $323,153 $0 $0
2018 $2,970 $168,145 $0 $0
2017 $2,748 $154,717 $0 $0
2016 $2,665 $154,717 $0 $0
2015 $2,421 $129,799 $0 $0
2014 $2,337 $127,551 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: G5042599

Stellar MLS

APN: 24-22-25-0100-047-00101