Seller's Agent in 2021
Magdaline Olivera
KELLER WILLIAMS REALTY SMART
(863) 559-9178
12 in this area
112 Total Sales
5040 Highlands By the Lake Dr Lakeland, FL 33812
Estimated Value: $749,000 - $904,000
5
Beds
3.5
Baths
3,623
Sq Ft
$230/Sq Ft
Est. Value
Highlights
- Screened Pool
- Gated Community
- Clubhouse
- Lincoln Avenue Academy Rated A-
- Open Floorplan
- Vaulted Ceiling
About This Home
As of August 2021Back on market! Buyers financing fell through. Just the gem you have been searching for! This stunning Mediterranean home is located behind private and secluded gates in the highly sought after South Lakeland community, Highlands by the Lake. A Parade of Homes Award winning residence, this 4 bedroom 3.5 bathroom home with a den was inspired and created for large group entertainment and privacy for overnight guests! Featuring a open foyer, graciously acquainted great room, a large formal dining room, and an eat in kitchen area with stainless appliances, a large walk-in pantry and granite counters. The fabulous front elevation of this home showcases a tile roof with a large pavered circular driveway, perfect for housing multiple cars and/or games and events. Welcoming you into the home, the foyer boasts a 20+ft vaulted ceiling and opens to an impressively sized great room with surround sound and a beautiful built-in for media equipment and storage! The large screened in pavered lanai and gas heated salt water pool are ideal for barbecues and pool parties. Several sets of French Doors along the back of the home open and bring the outdoors in, flawlessly creating a spacious area for gatherings. The unique floor plan of this home creates a 4 way split plan - lending plenty of room for any living situation. The Owner's Retreat, two bedrooms with a connected bathroom, and a small bonus room off foyer currently being used as an office but could be a fourth bedroom are all on the first floor, while another bedroom with ensuite bathroom is found upstairs - great for a guest room suite, teenager's retreat, or for an office away from it all. The First Floor Master Bedroom looks out over the pool area, and features a lovely tray ceiling, a large walk-in closet and a beautifully appointed bathroom with a large walk-in shower, separate custom vanities, and a generously sized bath tub! The attention to detail throughout the home is wonderful - the flow of the floor plan is unparalleled! Exclusivity and a high degree of privacy are enjoyed by residents who are just a short drive away to all the best the area has to offer: shops, restaurants, and theaters. Come and see this gorgeous home located in one of Lakeland's most private neighborhoods, it will not disappoint! Home values are very attractive in the Lakeland area, centrally located between Orlando and Tampa with quick access to the I-4 corridor. Do not hesitate to make your viewing appointment!
Last Agent to Sell the Property
KELLER WILLIAMS REALTY SMART License #3079736 Listed on: 06/11/2021
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,406
Year Built
- Built in 2002
Lot Details
- 0.37 Acre Lot
- West Facing Home
- Mature Landscaping
- Irrigation
HOA Fees
- $100 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- Oversized Parking
- Side Facing Garage
- Garage Door Opener
- Open Parking
Home Design
- Spanish Architecture
- Bi-Level Home
- Slab Foundation
- Tile Roof
- Block Exterior
- Stucco
Interior Spaces
- 3,623 Sq Ft Home
- Open Floorplan
- Wet Bar
- Tray Ceiling
- Vaulted Ceiling
- Ceiling Fan
- Blinds
- French Doors
- Great Room
- Family Room Off Kitchen
- Formal Dining Room
- Den
- Bonus Room
- Inside Utility
- Laundry Room
- Security System Owned
Kitchen
- Eat-In Kitchen
- Range
- Recirculated Exhaust Fan
- Microwave
- Dishwasher
- Stone Countertops
- Solid Wood Cabinet
Flooring
- Wood
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Primary Bedroom on Main
- Split Bedroom Floorplan
- Walk-In Closet
Pool
- Screened Pool
- Heated In Ground Pool
- Heated Spa
- Gunite Pool
- Saltwater Pool
- Fence Around Pool
- Pool Sweep
- Pool Lighting
Outdoor Features
- Balcony
- Screened Patio
Schools
- Highland Grove Elementary School
- Lakeland Highlands Middl Middle School
- George Jenkins High School
Utilities
- Central Heating and Cooling System
- Underground Utilities
- Electric Water Heater
- Septic Tank
- High Speed Internet
- Phone Available
- Cable TV Available
Listing and Financial Details
- Homestead Exemption
- Visit Down Payment Resource Website
- Tax Lot 13
- Assessor Parcel Number 24-29-10-280559-001130
Community Details
Overview
- Extreme Management/Diana Albritton Association, Phone Number (352) 366-0234
- Highlands By The Lake Ph 01 & Ph 02 Subdivision
Recreation
- Tennis Courts
- Community Pool
Additional Features
- Clubhouse
- Gated Community
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 11, 2021
Closed on
Aug 19, 2021
Sold by
Gillespie Ana M and Gillespie Andrew
Bought by
Ayesh Munir Mohammed
Seller's Agent
Magdaline Olivera
KELLER WILLIAMS REALTY SMART
Buyer's Agent
Stellar Non-Member Agent
STELLAR NON-MEMBER OFFICE
List Price
$799,000
Sold Price
$740,000
Premium/Discount to List
-$59,000
-7.38%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,103
Avg. Annual Appreciation
2.79%
Original Mortgage
$407,000
Outstanding Balance
$369,531
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$463,572
Purchase Details
Closed on
Feb 6, 2002
Sold by
Vargas William and Vargas Adiela
Bought by
Vargas Ana M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
6.85%
Mortgage Type
New Conventional
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ayesh Munir Mohammed | $740,000 | Lakeland Title Llc | |
| Vargas Ana M | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ayesh Munir Mohammed | $407,000 | |
| Previous Owner | Vargas Ana M | $10,000 | |
| Previous Owner | Vargas Ana M | $230,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/19/2021 08/19/21 | Sold | $740,000 | -4.5% | $204 / Sq Ft |
| 07/23/2021 07/23/21 | Pending | -- | -- | -- |
| 07/16/2021 07/16/21 | Price Changed | $775,000 | -3.0% | $214 / Sq Ft |
| 07/16/2021 07/16/21 | For Sale | $799,000 | 0.0% | $221 / Sq Ft |
| 06/13/2021 06/13/21 | Pending | -- | -- | -- |
| 06/11/2021 06/11/21 | For Sale | $799,000 | -- | $221 / Sq Ft |
Source: Stellar MLS
Tax History Compared to Growth
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 | $9,979 | $691,046 | $100,000 | $591,046 |
| 2024 | $9,413 | $712,880 | -- | -- |
| 2023 | $9,413 | $648,073 | $0 | $0 |
| 2022 | $8,387 | $589,157 | $94,000 | $495,157 |
| 2021 | $5,524 | $397,971 | $0 | $0 |
| 2020 | $5,469 | $392,476 | $0 | $0 |
| 2018 | $5,406 | $376,499 | $0 | $0 |
| 2017 | $5,270 | $368,755 | $0 | $0 |
| 2016 | $4,823 | $333,648 | $0 | $0 |
| 2015 | $4,441 | $331,329 | $0 | $0 |
| 2014 | $4,637 | $328,699 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Magdaline Olivera
-
Stellar Non-Member Agent
S
Buyer's Agent in 2021
Stellar Non-Member Agent
FL_MFRMLS
Map
Source: Stellar MLS
MLS Number: L4923323
APN: 24-29-10-280559-001130
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
Nearby Homes
- 5195 Highlands Lakeview Loop
- 5135 Highlands Lakeview Loop
- 3121 Highlands By the Lake Way
- 4208 Haven Lake Ct
- 2836 Magnolia Ave
- 2918 Clubhouse Rd
- 3142 Valley High Dr
- 3202 Summerland Hills Ct
- 3334 Shore Dr
- 5143 Kinsley Dr
- 5163 Kinsley Dr
- 5351 Clubhouse Hills Ln
- 5390 Clubhouse Hills Ln
- 3425 Stoneway Dr
- 4927 Deckside Loop
- 5527 Vintage View Blvd
- 3405 Summerwood Way
- 5023 Ridgefield Ln
- 5564 Summerland Hills Cir Unit J
- 5087 Cliffside Dr
- 5104 Highlands Lakeview Loop
- 5050 Highlands By the Lake Dr
- 5219 Highlands Lakeview Loop
- 5225 Highlands Lakeview Loop
- 5033 Highlands By the Lake Dr
- 5047 Highlands By the Lake Dr
- 5112 Highlands Lakeview Loop
- 5070 Highlands By the Lake Dr
- 5105 Highlands By the Lake Dr
- 5105 Highlands Lakeview Loop
- 5061 Highlands By the Lake Dr
- 5213 Highlands Lakeview Loop
- 5019 Highlands By the Lake Dr
- 5231 Highlands Lakeview Loop
- 5230 Highlands Lakeview Loop
- 5118 Highlands Lakeview Loop
- 5111 Highlands Lakeview Loop
- 5096 Highlands By the Lake Dr
- 5075 Highlands By the Lake Dr
- 3005 Way