NOT LISTED FOR SALE

500 Lake Dr Kissimmee, FL 34747

Estimated Value: $664,271 - $704,000

8 Beds
7 Baths
3,412 Sq Ft
$202/Sq Ft Est. Value

Last Sold September 12, 2019

Last sale price $420,000 $123 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $5,211/month

347 Days on Market

Highlights

  • Fitness Center
  • Gated Community
  • Main Floor Primary Bedroom
  • In Ground Pool
  • Clubhouse
  • Loft

About This Home

As of September 2019

Amazing Price Improvement on your turn-key primary residence or VACATION HOME just 10 minutes from Disney. Able to GENERATE SHORT TERM RENTAL income. Featuring designer furniture, gorgeous artwork, fully stocked, and located in the exclusive gated community of Encore Resort at Reunion. EXPLORE THE HOME WITH THE VIRTUAL TOUR LINK as you walk room to room. You literally only need to show up with your toothbrush! This 8 bedroom, 7 bathroom home sports high ceilings and has a kitchen and family room that are bathed in natural light, as well as a large dining area that is perfect for group meals and spending time together. A sparkling pool awaits off the back lanai! Upstairs, an additional family / media room is surrounded by 6 of the 8 bedrooms, each with private access to its own bathroom. Relax and enjoy as the HOA maintains your pool, lawn, and landscape maintenance, which will give you more time to enjoy the luxury lifestyle amenities Encore at Reunion Resort offers. The spectacular neighborhood water park is a showstopper, as are the state-of-the-art gym and spa services, basketball, volleyball, and tennis courts. Plus the Clubhouse features a market place, casual bar, award-winning restaurants with delicious cuisine, and a concierge desk that can assist with booking tickets, reservations, and resort-provided shuttles. Whether you’re looking for your home, or a home away from home, or an investment home to help build wealth, don’t miss your opportunity to own a piece of the Central Florida magic!!!

Last Agent to Sell the Property

Chris Winn

BLOOM HOME GROUP REALTY LLC License #3271088 Listed on: 08/23/2018

Last Buyer's Agent

Cleider Pontes

AMERICAN HORIZONS REALTY License #3276973

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,201

Year Built

  • Built in 2016

Lot Details

  • 4,792

HOA Fees

  • $475 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Bi-Level Home
  • Turnkey
  • Slab Foundation
  • Shingle Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 3,412 Sq Ft Home
  • High Ceiling
  • Ceiling Fan
  • Thermal Windows
  • Drapes & Rods
  • Blinds
  • Loft
  • Bonus Room
  • Security Gate

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stone Countertops

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Primary Bedroom on Main
  • 7 Full Bathrooms

Laundry

  • Dryer
  • Washer

Pool

  • In Ground Pool
  • Gunite Pool
  • Spa

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Additional Features

  • Covered Patio or Porch
  • 4,792 Sq Ft Lot

Listing and Financial Details

  • Down Payment Assistance Available
  • Visit Down Payment Resource Website
  • Legal Lot and Block 140 / 0001
  • Assessor Parcel Number 22-25-27-4924-0001-1400
  • $2,578 per year additional tax assessments

Community Details

Overview

  • Association fees include cable TV, community pool, internet, ground maintenance, pool maintenance, recreational facilities, security, trash
  • $100 Other Monthly Fees
  • Reunion West Ph 1 Subdivision

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Recreation Facilities
  • Community Playground
  • Fitness Center
  • Community Pool
  • Park

Security

  • Security Service
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,201

Year Built

Built in 2016

Lot Details

0

HOA Fees

$475 per month

Parking

2

Listing Details

  • HOA Fee Includes: Cable TV, Community Pool, Internet, Maintenance Grounds, Pool Maintenance, Recreational Facilities, Security, Trash
  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 3412
  • Lot Size Acres: 0.11
  • New Construction: No
  • Year Built: 2016
  • Building Area Total: 4115
  • Lot Size Sq Ft: 4792
  • Directions to Property: 429 to Sinclair Road. At the end of Sinclair Road, turn right on to Old Lake Wilson Road. You will enter the neighborhood at Fairfax Dr. After the guard gate turn right, on to Lasso Drive
  • Status: Sold
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=O5728473&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=O5728473&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
  • Other Fees Amount: 100
  • Ratio: Close Price\List Price: 0.95476
  • Price per Sq Ft: 123.09
  • Close to Original List Price Ratio: 0.85714
  • Ratio: Current Price\Building Area Total: 102.07
  • View: No
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2018
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 7
  • Interior Amenities: Ceiling Fans(s), High Ceiling(s), Master Bedroom Main Floor, Stone Counters
  • Appliances Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 8
  • Levels: Two
  • Spa Yn: Yes
  • Window Features: Blinds, Drapes, Thermal Windows
  • Street Number Modifier: 500
  • Room Count: 4
  • Additional Rooms: Bonus Room, Loft
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Pool Features: Gunite, In Ground
  • Exterior Features: Other
  • Roof: Shingle
  • Pool Private: Yes
  • Waterfront: No
  • Patio and Porch Features: Covered, Patio
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Flood Zone Panel: 12097C0040G

Garage/Parking

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

Utilities

  • Utilities: Cable Connected, Public
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Fitness, Gated Community, Park, Playground, Pool, Tennis Courts
  • Association Amenities: Cable TV, Clubhouse, Fitness Center, Gated, Park, Playground, Pool, Recreation Facilities, Security, Tennis Court(s)
  • Association Fee: 475
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Security: Gated Community, Security Gate
  • Senior Community: No
  • Other Fees Term: Monthly
  • Association Fee Requirement: Required
  • Association Approval Required YN: No

Fee Information

  • Total Annual Fees: 6900
  • Monthly HOA Fee: 475
  • Total Monthly Fees: 575

Lot Info

  • Zoning: RES
  • Parcel Number: 22-25-27-4924-0001-1400
  • Additional Parcels: No
  • Flood Zone Code: X
  • Flood Zone Date: 2013-06-18
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Turnkey
  • Pets Allowed: Yes
  • Minimum Lease: 1-7 Days
  • Pet Restrictions: Buyer responsibility to independently verify with city/county and HOA if there are specific questions or concerns.
  • Lease Restrictions Y N: No
  • Additional Lease Restrictions: Buyer responsibility to independently verify with city/county and HOA if there are specific questions or concerns.

Tax Info

  • Tax Annual Amount: 9201
  • Tax Block: 0001
  • Tax Book Number: 24-75
  • Tax Lot: 140
  • Tax Other Annual Assessment Amount: 2578

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 30, 2023
Sold by
Narasimha-Iyer Harihar
Bought by
Aham9 Llc
Current Estimated Value
$689,568

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Outstanding Balance
$552,481
Interest Rate
7.75%
Mortgage Type
New Conventional
Estimated Equity
$164,824

Purchase Details

Closed on
Sep 29, 2023
Sold by
Xiao Bowang
Bought by
Harihar Narasimha-Iyer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Outstanding Balance
$552,481
Interest Rate
7.75%
Mortgage Type
New Conventional
Estimated Equity
$164,824

Purchase Details

Closed on
Jan 25, 2021
Sold by
Decanbedu Llc
Bought by
Xiao Bowang

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
2.21%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 23, 2018
Closed on
Sep 6, 2019
Sold by
Zhao Wei
Bought by
Decanbedu Llc
Seller's Agent
Chris Winn
BLOOM HOME GROUP REALTY LLC
Buyer's Agent
Cleider Pontes
AMERICAN HORIZONS REALTY
List Price
$450,000
Sold Price
$420,000
Premium/Discount to List
-$30,000
-6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.36%

Purchase Details

Closed on
Jun 30, 2016
Sold by
Reunion West Development Partners Lllp
Bought by
Zhao Wei
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
Aham9 Llc $560,000 None Listed On Document
Harihar Narasimha-Iyer $700,000 Legal Title
Xiao Bowang $420,000 Express Title & Closing
Decanbedu Llc $420,000 Attorney
Zhao Wei $414,900 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Harihar Narasimha-Iyer $560,000
Previous Owner Xiao Bowang $315,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/12/2019 09/12/19 Sold $420,000 -4.5% $123 / Sq Ft
08/05/2019 08/05/19 Pending -- -- --
07/20/2019 07/20/19 Price Changed $439,900 -2.2% $129 / Sq Ft
06/10/2019 06/10/19 For Sale $450,000 +7.1% $132 / Sq Ft
05/24/2019 05/24/19 Off Market $420,000 -- --
05/18/2019 05/18/19 Price Changed $450,000 -4.3% $132 / Sq Ft
03/27/2019 03/27/19 Price Changed $470,000 -2.1% $138 / Sq Ft
02/11/2019 02/11/19 For Sale $480,000 0.0% $141 / Sq Ft
02/05/2019 02/05/19 Pending -- -- --
12/19/2018 12/19/18 Price Changed $480,000 -2.0% $141 / Sq Ft
08/23/2018 08/23/18 For Sale $490,000 -- $144 / 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 $11,837 $632,600 $110,000 $522,600
2023 $11,837 $582,010 $0 $0
2022 $10,838 $529,100 $65,000 $464,100
2021 $9,274 $405,500 $65,000 $340,500
2020 $9,247 $418,000 $55,000 $363,000
2019 $9,186 $405,400 $60,000 $345,400
2018 $9,202 $406,300 $55,000 $351,300
2017 $8,959 $380,800 $45,000 $335,800
2016 $3,697 $45,000 $45,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: O5728473

Stellar MLS

APN: 22-25-27-4924-0001-1400