NOT LISTED FOR SALE

502 Dundee Rd Dundee, FL 33838

Estimated Value: $2,906,931

14 Acres
$207,638 Price per Acre
609,840 Sq Ft Lot

Last Sold October 15, 2021

Last sale price $500,000

Est. 481% increase in value since last sale

Current estimated payment $16,874/month

1,871 Days on Market

Highlights

  • Lake Front
  • 14 Acre Lot
  • No HOA
  • Access To Lake
  • Wooded Lot
  • Heating Available

About This Lot

As of October 2021

Beautiful lakefront property with 1200 feet on Lake Dell in Dundee, FL. The Zoning is Multiple Family Residential, which permits a maximum of 12 dwelling units per acre. The Future Land Use is Medium Density Residential, which permits a maximum of 12 dwelling units per acre. City water is available and sewer is one block away. PLEASE CLICK ON ATTACHMENT FOR BROCHURE

Last Agent to Sell the Property

Chip Fortenberry

CROSBY & ASSOCIATES, INC. License #662316 Listed on: 07/27/2015

Last Buyer's Agent

Drew Swain

SOHO RE AND CONSTRUCTION License #3190474

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,409

Lot Details

  • 14 Acre Lot
  • Lake Front
  • Wooded Lot
  • Property is zoned C-1

Utilities

  • Well
  • Phone Available

Additional Features

  • Lake Views
  • City Lot

Listing and Financial Details

  • Assessor Parcel Number 27-28-28-844000-004010
  • Tax Block 4H

Community Details

Overview

  • No Home Owners Association
  • Howey W J Land Co 01 Add Dundee Subdivision

Recreation

  • Access To Lake
  • Water Skiing Allowed

Property Details

Property Type

Land

Est. Annual Taxes

$5,409

Lot Details

0

Listing Details

  • Property Type: Land
  • Lot Size Acres: 14
  • Lot Size Sq Ft: 609840
  • Status: Sold
  • Total Acreage: 10 to less than 20
  • Home Warranty Y N: No
  • Ratio: Close Price\List Price: 0.83333
  • Price per Sq Ft: 0.82
  • Close to Original List Price Ratio: 0.71429
  • View: Yes
  • Ownership: Fee Simple
  • Tax Year: 2020
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Water
  • Waterfront: Yes
  • Road Surface Type: Paved
  • Water View: Lake
  • Water Access: Lake
  • Water Extras: Skiing Allowed
  • Water View Y N: Yes
  • Front Footage: 700
  • Water Access Y N: Yes
  • Water Extras Y N: Yes

Garage/Parking

  • Open Parking: No

Utilities

  • Utilities: Electricity Available, Phone Available, Sewer Nearby
  • Water Source: Public, Well
  • Cooling Y N: No
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Association Fee Requirement: None

Lot Info

  • Zoning: C-1
  • Parcel Number: 27-28-28-844000-004010
  • Additional Parcels: No
  • Current Use: Residential
  • Lot Features: City Lot, Wooded
  • Lot Dimensions: Irregular
  • Millage Rate: 21.51
  • Price Per Acre: 35714
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • For Lease Y N: No

Tax Info

  • Tax Annual Amount: 5409.34
  • Tax Block: 4H
  • Tax Book Number: 4A-41

Multi Family

  • Waterfront Features: Lake

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2015
Closed on
Aug 30, 2021
Sold by
Palmetto Dundee Dundee Rd Llc
Bought by
Lucky Seven Manassas Inc
Seller's Agent
Chip Fortenberry
CROSBY & ASSOCIATES, INC.
Buyer's Agent
Drew Swain
SOHO RE AND CONSTRUCTION
List Price
$600,000
Sold Price
$500,000
Premium/Discount to List
-$100,000
-16.67%
Current Estimated Value
$2,906,931

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,406,931
Avg. Annual Appreciation
51.76%

Purchase Details

Closed on
Feb 26, 2021
Sold by
Regent Holding Group Inc
Bought by
Palmetto Dundee Dundee Rd Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,483,404
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 3, 2010
Sold by
Regent Holding Group Inc
Bought by
Nguyen Tom

Purchase Details

Closed on
Oct 28, 2009
Sold by
Bayview Loan Servicing Llc
Bought by
Regent Holding Group Inc

Purchase Details

Closed on
Oct 22, 2008
Sold by
Kanhai Harrilal and Roberts Scott
Bought by
Bayview Loan Servicing Llc

Purchase Details

Closed on
Aug 6, 2004
Sold by
Waters L L and Waters Mary H
Bought by
Kanhai Harrilal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,705
Interest Rate
6.19%
Mortgage Type
Balloon
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Lucky Seven Manassas Inc $2,548,400 None Available
Palmetto Dundee Dundee Rd Llc $255,000 None Available
Nguyen Tom -- Fidelity Natl Title Ins Co
Regent Holding Group Inc $170,000 Fidelity Natl Title Ins Co
Bayview Loan Servicing Llc -- None Available
Kanhai Harrilal $285,000 Real Estate Title Services I
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Palmetto Dundee Dundee Rd Llc $1,483,404
Previous Owner Kanhai Harrilal $208,705
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/15/2021 10/15/21 Sold $500,000 -16.7% --
09/10/2020 09/10/20 Pending -- -- --
02/26/2020 02/26/20 For Sale $600,000 0.0% --
11/04/2019 11/04/19 Pending -- -- --
05/23/2019 05/23/19 For Sale $600,000 0.0% --
02/25/2019 02/25/19 Pending -- -- --
02/12/2018 02/12/18 Price Changed $600,000 +9.1% --
04/11/2017 04/11/17 Price Changed $550,000 0.0% --
04/11/2017 04/11/17 For Sale $550,000 +10.0% --
12/08/2015 12/08/15 Pending -- -- --
11/05/2015 11/05/15 Price Changed $499,900 -23.1% --
10/06/2015 10/06/15 Price Changed $650,000 -7.1% --
07/27/2015 07/27/15 For Sale $700,000 -- --
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 $20,273 $945,284 $160,634 $784,650
2024 $22,039 $945,850 $164,558 $781,292
2023 $22,039 $1,025,069 $164,558 $860,511
2022 $21,176 $975,613 $164,558 $811,055
2021 $5,441 $227,144 $164,558 $62,586
2020 $5,409 $224,327 $164,558 $59,769
2018 $5,029 $219,304 $164,558 $54,746
2017 $4,921 $215,244 $0 $0
2016 $4,756 $204,503 $0 $0
2015 $4,530 $204,255 $0 $0
2014 $4,005 $170,247 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Chip Fortenberry

    Seller's Agent in 2021

    Chip Fortenberry

    CROSBY & ASSOCIATES, INC.

    (863) 293-5600

    3 in this area

    59 Total Sales

    Chip Fortenberry
    Section Image

  • D

    Buyer's Agent in 2021

    Drew Swain

    SOHO RE AND CONSTRUCTION

    (863) 287-3225

    1 in this area

    13 Total Sales

    Drew Swain
    Section Image
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Map

Source: Stellar MLS

MLS Number: P4706282

Stellar MLS

APN: 27-28-28-844000-004010

Florida Polk County Dundee 33838

502 Dundee Rd, Dundee, FL

Not Listed for Sale

Lots

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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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