NOT LISTED FOR SALE

Estimated Value: $505,000 - $633,000

4 Beds
3 Baths
2,435 Sq Ft
$706/mo HOA Fee

Last Sold December 08, 2022

Last sale price $522,500 $215 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $4,484/month

132 Days on Market

Highlights

  • Fitness Center
  • Gated Community
  • Main Floor Primary Bedroom
  • Penthouse
  • Open Floorplan
  • Furnished

About This Home

As of December 2022

"MOTIVATED SELLER - RARE OPPORTUNITY: Under Contract, Back-up welcome. - Should you want to stay (live in) OR invest, here is a promising property – This is a GREAT property to enjoy as a HOME or make some extra rental income. Welcome to the best-located community of Storey Lake. We present a fully furnished turn-key condo, that is zoned for short-term rental as well. Can be SOLD unfurnished as well. UNBELIEVABLE: - Here is one of a kind "BELLAGIO D - LUXURIOUS PENTHOUSE" This penthouse is A CONTEMPORARY FURNISHED PENTHOUSE" that literally looks like a "Brand-New Model Home". This gorgeous condo is one of the largest units that features two master suites, plus two bedrooms and three bathrooms. The foyer leads into the beautiful open floor plan boasting a modern kitchen that overlooks the great/family room. There’s also a laundry room and much desired two covered balconies. One of the balconies is off the master suite that is perfect for relaxing and enjoying the scenic community. There are many luxury features in the home that includes solid surface countertops, 42-inch wood cabinets, stainless steel appliances and contemporary state of art furniture - those compliments this professionally decorated condo that could be your vacation home! COMMUNITY AMENITIES: - The fun never stops, amenities include tiki bar/grill, canoe/kayak rental, lazy river, fitness center, miniature golf, large Disney pool, splash pad, waterslide, volleyball court, sports court, etc, etc. LOCATION: - This is one of the closest resort communities to Walt Disney World (just 10 minutes away), Disney Springs 3.5 miles, Orlando Premium Outlet shopping 3.2 miles, choice of many restaurants within close vicinity, and for your & your guest convenience, this condo is just 15 miles away from Orlando international airport. RENTAL INCOME: - Being within one of the main locations in Central Florida, this condo is perfect for both business & pleasure since, it allows short-term vacation rentals for additional passive income. NOTE: There are only 12 penthouses in the entire community and this CONDO is the best contemporary fully furnished penthouse that is currently available. Makes perfect sense as a vacation home as well as passive rental income. One could NOT ask for anything more. ***Welcome to this lovely Bellagio D - Luxury Penthouse***

Last Agent to Sell the Property

Raj Patel

PEOPLE'S CHOICE REALTY SVC LLC License #3110109 Listed on: 04/13/2022

PEOPLE'S CHOICE REALTY SVC LLC

Last Buyer's Agent

Mark Czerczak

LA ROSA REALTY LLC License #356021

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,953

Year Built

  • Built in 2018

Lot Details

  • 2,614

HOA Fees

  • $706 Monthly HOA Fees

Home Design

  • Penthouse
  • Slab Foundation
  • Built-Up Roof
  • Stucco

Interior Spaces

  • 2,435 Sq Ft Home
  • 4-Story Property
  • Open Floorplan
  • Furnished
  • Entrance Foyer
  • Great Room
  • Family Room Off Kitchen
  • Dining Room
  • Den

Kitchen

  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Carpet
  • Concrete
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Laundry closet
  • Dryer
  • Washer

Parking

  • Common or Shared Parking
  • Open Parking

Utilities

  • Central Air
  • Heating Available
  • Underground Utilities
  • Electric Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Additional Features

  • Reclaimed Water Irrigation System
  • Balcony
  • North Facing Home

Listing and Financial Details

Community Details

Overview

  • Association fees include pool, maintenance structure, ground maintenance, recreational facilities, security, sewer, water
  • Elvis Martinez Association, Phone Number (407) 507-0663
  • Visit Association Website
  • Built by Lennar Homes
  • Terraces/Storey Lake 1 Ph 3 Subdivision, Bellagio D Luxury Penthouse Floorplan
  • On-Site Maintenance
  • Association Owns Recreation Facilities
  • The community has rules related to deed restrictions

Recreation

  • Recreation Facilities
  • Community Playground

Pet Policy

  • Pet Size Limit
  • Small pets allowed

Security

  • Security Service
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,953

Year Built

Built in 2018

Lot Details

0

HOA Fees

$706 per month

Listing Details

  • HOA Fee Includes: Pool, Maintenance Structure, Maintenance Grounds, Pool, Recreational Facilities, Security, Sewer, Water
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Condominium
  • Construction Materials: Stucco
  • Fireplace: No
  • Living Area: 2435
  • Lot Size Acres: 0.06
  • New Construction: No
  • Year Built: 2018
  • Lot Size Sq Ft: 2491
  • Directions to Property: Take 535 South to Osceola Parkway East or travel 2.5 miles West of the Loop if traveling on Osceola Parkway. Community is just East of 535 on Osceola Parkway.
  • Status: Sold
  • Ownership: Fee Simple
  • Available for Lease YN: 1
  • Escrow City: Tampa
  • Escrow Postal Code: 33618
  • Escrow State: FL
  • Escrow Street Name: Carrollwood Village Run,
  • Escrow Street Number: 13901
  • Floor Number: 4
  • List Office Head Office Key Nume: 1055479
  • Minimum Lease: 1-7 Days
  • RATIO Current Price By Calculate: 214.58
  • Unit Number YN: 0
  • Water Access YN: 0
  • Condo Fees Term: Monthly
  • Property Description: Penthouse
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Tile
  • Full Bathrooms: 3
  • Interior Amenities: Kitchen/Family Room Combo, Master Bedroom Main Floor, Open Floorplan, Solid Surface Counters, Solid Wood Cabinets, Walk-In Closet(s)
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Range Hood, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 4
  • Levels: Three Or More
  • Stories: 4
  • Street Number Modifier: 4741
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 226.22
  • Room Count: 14

Exterior Features

  • Direction Faces: North
  • Exterior Features: Balcony, Irrigation System, Sidewalk
  • Roof: Built-Up
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Asphalt
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Common, Open

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Electricity Available, Phone Available, Public, Sewer Connected, Sprinkler Recycled, Street Lights, Underground Utilities, Water Connected
  • Cooling: Central Air
  • Heating: Electric
  • Laundry Features: Inside, Laundry Closet
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Deed Restrictions, Fitness Center, Gated, Irrigation-Reclaimed Water, Playground, Pool, Sidewalks
  • Association Amenities: Fitness Center, Maintenance, Other, Playground, Pool, Recreation Facilities, Security
  • Association Fee Frequency: Monthly
  • Association Name: Elvis Martinez
  • Phone: 407-507-0663
  • Association: Yes
  • Senior Community: No
  • Association Approval Required YN: 1
  • Pet Restrictions: Domestic pets only. No aggressive breeds. Must be on leash at all times. BUYERS MUST CONSULT WITH ASSOCIATION MANAGEMENT FOR UPTO DATE RESTRICTIONS.
  • Association Fee Requirement: Required
  • Building Name Number: 4741
  • Condo Fees: 706
  • Condo Land Included YN: 0
  • Montly Maint Amt Addition To HOA: 0
  • Association Email: emartinez@theiconteam.com
  • Monthly Condo Fee Amount: 706
  • Pet Size: Small (16-35 Lbs.)
  • Association URL: https://thecoveresorthoa.com/

Fee Information

  • Total Annual Fees: 8472.00
  • Total Monthly Fees: 706.00
  • Monthly HOA Amount: 0.00

Lot Info

  • Zoning: P-D
  • Parcel Number: 01-25-28-5107-0001-3430
  • Additional Parcels: No
  • Flood Zone Code: X
  • Homestead YN: 0
  • Lot Size Square Meters: 231
  • Zoning Compatible YN: 1

Green Features

  • Green Verification Count: 0

Building Info

  • Builder Name: Lennar Homes

Rental Info

  • Furnished: Furnished
  • Pets Allowed: Size Limit, Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Unlimited short term rental allowed. Apply in person at the Clubhouse. BUYERS MUST CONSULT WITH ASSOCIATION MANAGEMENT FOR UPTO DATE RESTRICTIONS
  • Month To Month Or Weekly YN: 1

Tax Info

  • Tax Annual Amount: 7952.67
  • Tax Block: 001
  • Tax Book Number: 5241/46
  • Tax Lot: 3430
  • Tax Other Annual Assessment Amount: 1092

Multi Family

  • Approval Process: Apply in person at the Clubhouse. BUYERS MUST CONSULT WITH ASSOCIATION MANAGEMENT FOR UPTO DATE APPROVAL PROCESS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2022
Closed on
Dec 8, 2022
Sold by
Patel Jitendra B and Patel Anita J
Bought by
Nlm Land Trust
Seller's Agent
Raj Patel
PEOPLE'S CHOICE REALTY SVC LLC
Buyer's Agent
Mark Czerczak
LA ROSA REALTY LLC
List Price
$649,900
Sold Price
$522,500
Premium/Discount to List
-$127,400
-19.6%
Views
13
Current Estimated Value
$555,841

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,341
Avg. Annual Appreciation
0.72%
Original Mortgage
$300,000
Outstanding Balance
$292,654
Interest Rate
7.08%
Mortgage Type
Seller Take Back
Estimated Equity
$239,558

Purchase Details

Closed on
Jul 2, 2018
Sold by
Jax Inns Inc Corporation
Bought by
Patel Jitendra B and Patel Anita J

Purchase Details

Listed on
Feb 20, 2018
Closed on
Mar 20, 2018
Sold by
Len Ot Holdings Llc
Bought by
Jax Inns Inc A Florida Corp
Seller's Agent
Ben Goldstein
LENNAR REALTY
Buyer's Agent
Ben Goldstein
LENNAR REALTY
List Price
$456,105
Sold Price
$452,105
Premium/Discount to List
-$4,000
-0.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.26%
Source: Public Records

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Range of Values:

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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
Nlm Land Trust $522,500 --
Patel Jitendra B -- Attorney
Jax Inns Inc A Florida Corp $452,200 North American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nlm Land Trust $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/08/2022 12/08/22 Sold $522,500 -9.1% $215 / Sq Ft
08/24/2022 08/24/22 Pending -- -- --
08/03/2022 08/03/22 Price Changed $575,000 -1.9% $236 / Sq Ft
07/21/2022 07/21/22 Price Changed $585,900 -9.8% $241 / Sq Ft
04/13/2022 04/13/22 For Sale $649,900 +43.7% $267 / Sq Ft
03/20/2018 03/20/18 Sold $452,105 -0.9% $177 / Sq Ft
03/05/2018 03/05/18 Pending -- -- --
02/20/2018 02/20/18 For Sale $456,105 -- $178 / 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 $8,668 $510,300 -- $510,300
2023 $8,668 $516,500 $0 $516,500
2022 $8,441 $515,900 $0 $515,900
2021 $7,953 $427,700 $0 $427,700
2020 $7,229 $406,500 $0 $406,500
2019 $6,893 $381,000 $0 $381,000
2018 $1,334 $19,800 $19,800 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: T3365847

Stellar MLS

APN: 01-25-28-5107-0001-3430