NOT LISTED FOR SALE

5048 Banana Point Dr Okahumpka, FL 34762

Estimated Value: $574,000 - $696,000

4 Beds
3 Baths
2,632 Sq Ft
$244/Sq Ft Est. Value

Last Sold September 24, 2021

Last sale price $575,000 $218 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $4,108/month

4 Days on Market

Highlights

  • Boathouse
  • Dock made with wood
  • River View
  • 354 Feet of Waterfront
  • River Access
  • Cathedral Ceiling

About This Home

As of September 2021

WATERFRONT HOME…2 ACRES! Fish from your own backyard on wide navigable river “Palatkahala” leading you 500 yards to the “Chain of Lakes” …venture to the ocean if you dare! Store your boat in covered boathouse with lift…Unique tri split designed home gives everyone their own space and privacy with 4 large bedrooms and 3 baths plus office with double french doors. BRAND NEW HVAC SYSTEM just installed and recent NEW ROOF!! House Generator, too!! Front porch leads you into oversized foyer to great room with volume ceilings and separate formal dining area. Large eat in kitchen with breakfast area large enough to accommodate a full size table and pass through window to living room. Custom cabinets with granite countertops in kitchen include smooth top range, dishwasher, refrigerator & built in microwave. Inside laundry room with built in sink convey washer & dryer conveniently located off from kitchen! Master suite with walk in closet with door that leads to back porch lanai great for BBQ’S! Spacious master bath features a soaking tub for your “bubble bath relaxation”, large walk in “shower for two”, separate water closet, double sinks plus linen closet, too. Bedrooms 2 & 3 share guest bath with tub/ shower combo. Bedroom 4 share guest bath 3 that could also serve as future pool bath! Oversized side entry garage features custom workshop area with doors for the craftsman or handyman of the house. Extra parking pad area for additional vehicles…Great commute area minutes to turnpike! Quiet area on dead end street…you will not be disappointed in this FABULOUS FIND!

Last Agent to Sell the Property

Theresa Morris

MORRIS REALTY AND INVESTMENTS License #538567 Listed on: 08/20/2021

Last Buyer's Agent

Gina Grether

THOMAS LYNNE REALTY GROUP LLC License #3341607

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,947

Year Built

  • Built in 2006

Lot Details

  • 1.72 Acre Lot
  • Lot Dimensions are 159x471
  • 354 Feet of Waterfront
  • River Front
  • Property fronts a freshwater canal
  • Northeast Facing Home

HOA Fees

  • $29 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Property Views

  • River
  • Canal

Home Design

  • Slab Foundation
  • Shingle Roof
  • Block Exterior

Interior Spaces

  • 2,632 Sq Ft Home
  • 1-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Den
  • Attic

Kitchen

  • Eat-In Kitchen
  • Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • River Access
  • Access to Freshwater Canal
  • Boathouse
  • Dock made with wood
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Well
  • Septic Tank

Community Details

  • Banana Point HOA
  • Banana Point Ii Sub Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,947

Year Built

Built in 2006

Lot Details

0

HOA Fees

$29 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 2632
  • Lot Size Acres: 1.72
  • New Construction: No
  • Year Built: 2006
  • Lot Size Sq Ft: 74889
  • Directions to Property: From 27 take Hwy 48 East towards Howey in the Hills, Turn Left onto Hollendel, which turns into Banana Point. Follow to end of Cul-De-Sac.
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/G5045688?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/G5045688?w=Customer
  • Homestead Y N: Yes
  • Total Acreage: 1 to less than 2
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 1.00017
  • Price per Sq Ft: 218.47
  • Close to Original List Price Ratio: 1.00017
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2020
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Tile
  • Full Bathrooms: 3
  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fans(s), Eating Space In Kitchen, Split Bedroom, Vaulted Ceiling(s), Walk-In Closet(s)
  • Appliances Included: Dishwasher, Disposal, Dryer, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 4
  • Levels: One
  • Stories: 1
  • Street Number Modifier: 5048
  • Room Count: 7
  • Additional Rooms: Attic, Den/Library/Office

Exterior Features

  • Direction Faces: Northeast
  • Exterior Features: Rain Gutters
  • Roof: Shingle
  • Pool Private: No
  • Water Body Name: Palatlakaha River
  • Waterfront: Yes
  • Road Surface Type: Paved
  • Water View: Canal, River
  • Water Access: Canal - Freshwater, River
  • Water Extras: Boathouse, Dock - Wood
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Waterfront Frontage: 354
  • Water Frontage Feet River: 177
  • Water Frontage Feet Canal Fresh: 177

Garage/Parking

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

Utilities

  • Utilities: Electricity Connected
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Inside, Laundry Room
  • Sewer: Septic Tank
  • Water Source: Well
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 350
  • Association Fee Frequency: Annually
  • Association Name: Banana Point HOA
  • Phone: Frederick Mottle
  • Association: Yes
  • Senior Community: No
  • Association Fee Requirement: Required
  • Association Approval Required YN: No

Fee Information

  • Total Annual Fees: 350
  • Monthly HOA Fee: 29.17
  • Total Monthly Fees: 29.17

Lot Info

  • Zoning: R-1
  • Parcel Number: 12-20-24-0050-000-01000
  • Additional Parcels: No
  • Lot Dimensions: 159x471
  • Flood Zone Code: X

Rental Info

  • Pets Allowed: Yes
  • Minimum Lease: No Minimum
  • Lease Restrictions Y N: No

Tax Info

  • Tax Annual Amount: 3946.91
  • Tax Block: 000
  • Tax Book Number: 34-45-46
  • Tax Lot: 10

Multi Family

  • Waterfront Features: Canal - Freshwater, River

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 18, 2024
Sold by
Sherritt Susan A and Grantham Steven L
Bought by
Steven L Grantham And Susan Annice Sherritt J and Grantham
Current Estimated Value
$656,132

Purchase Details

Listed on
Aug 20, 2021
Closed on
Sep 24, 2021
Sold by
Gatto Paul V
Bought by
Sherritt Susan A and Grantham Steven L
Seller's Agent
Theresa Morris
MORRIS REALTY AND INVESTMENTS
Buyer's Agent
Gina Grether
THOMAS LYNNE REALTY GROUP LLC
List Price
$574,900
Sold Price
$575,000
Premium/Discount to List
$100
0.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.27%

Purchase Details

Closed on
Feb 23, 2015
Sold by
Lee Michael W
Bought by
Gatto Paul V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,584
Interest Rate
3.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 12, 2005
Sold by
Faignant Victor L and Faignant Melissa M
Bought by
Lee Michael W

Purchase Details

Closed on
Oct 5, 2001
Sold by
Burnsed R Dewey
Bought by
Faignant Victor L and Faignant Melissa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
6.59%

Purchase Details

Closed on
Dec 29, 1995
Sold by
Burnsed R Dewey and Mclin Walter S
Bought by
Burnsed R Dewey

Purchase Details

Closed on
Dec 12, 1995
Sold by
Burnsed R Dewey and Mclin Walter S
Bought by
Burnsed R Dewey
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
Steven L Grantham And Susan Annice Sherritt J $100 None Listed On Document
Sherritt Susan A $575,000 Brokers Ttl Of Leesburg Llc
Gatto Paul V $264,480 Brokers Title Of Leesburg Ll
Lee Michael W $215,000 All American Land Title Insu
Faignant Victor L $100,000 --
Burnsed R Dewey -- --
Burnsed R Dewey -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gatro Paul V $285,000
Previous Owner Gatto Paul V $211,584
Previous Owner Lee Michael W $420,000
Previous Owner Lee Michael W $80,000
Previous Owner Lee Michael W $275,000
Previous Owner Faignant Victor L $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/24/2021 09/24/21 Sold $575,000 0.0% $218 / Sq Ft
08/24/2021 08/24/21 Pending -- -- --
08/20/2021 08/20/21 For Sale $574,900 -- $218 / 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 $6,052 $479,170 -- --
2024 $6,052 $479,170 -- --
2023 $6,052 $451,678 $0 $0
2022 $7,288 $497,565 $122,280 $375,285
2021 $3,938 $296,083 $0 $0
2020 $3,947 $279,339 $0 $0
2019 $3,802 $265,090 $0 $0
2018 $3,642 $260,148 $0 $0
2017 $3,543 $254,798 $0 $0
2016 $3,611 $254,798 $0 $0
2015 $4,583 $270,931 $0 $0
2014 $3,880 $267,119 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: G5045688

Stellar MLS

APN: 12-20-24-0050-000-01000