NOT LISTED FOR SALE

505 E Key Ave Eustis, FL 32726

Estimated Value: $233,000 - $287,000

2 Beds
2 Baths
1,280 Sq Ft
$197/Sq Ft Est. Value

Last Sold October 15, 2021

Last sale price $220,000 $172 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $1,561/month

53 Days on Market

Highlights

  • The property is located in a historic district
  • Laundry Room
  • Outdoor Storage
  • No HOA
  • Awning
  • Central Heating and Cooling System

About This Home

As of October 2021

Charming Duplex in the historic district of Eustis. Located one block from Lake Gracie which is known in the area as a great place to walk, run or bike! Each unit is offers one bedroom, one bath, living room, kitchen, and its own carport and storage/laundry room. Both sides are currently rented and are month to month. Rents are below market and have the potential to be increased for a great investment opportunity! Excellent location within walking distance to downtown Eustis and a short drive to historic Mount Dora, shopping and dining. This is a beautiful property in a great location, you don't want to miss out on this one!

Last Agent to Sell the Property

Cheryl Roberts

JOHN ROBERTS REALTY License #655415 Listed on: 07/06/2021

Last Buyer's Agent

Andrew Nolan

DAVE LOWE REALTY, INC. License #3417183

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,049

Year Built

  • Built in 1947

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 95x132

Parking

  • 2 Carport Spaces

Home Design

  • Duplex
  • Wood Frame Construction
  • Shingle Roof

Interior Spaces

  • 1,280 Sq Ft Home
  • Ceiling Fan
  • Awning
  • Crawl Space
  • Range

Flooring

  • Carpet
  • Vinyl

Laundry

  • Laundry Room
  • Laundry Located Outside

Outdoor Features

  • Outdoor Storage

Location

  • The property is located in a historic district
  • City Lot

Schools

  • Eustis Elementary School
  • Eustis Middle School
  • Eustis High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Connected

Listing and Financial Details

  • Down Payment Assistance Available
  • Visit Down Payment Resource Website
  • Tenant pays for electricity, sewer, water
  • Legal Lot and Block 00008 / 087
  • Assessor Parcel Number 11-19-26-0100-087-00008

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Eustis Subdivision

Building Details

  • Gross Income $16,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,049

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Construction Materials: Other, Wood Frame
  • Fireplace: No
  • Living Area: 1280
  • Lot Size Acres: 0.29
  • New Construction: No
  • Year Built: 1947
  • Lot Size Sq Ft: 12540
  • Tenant Pays: Electricity, Sewer, Water
  • Status: Sold
  • Street Direction: E
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/G5043862?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/G5043862?w=Customer
  • Unit Count: 2
  • Homestead Y N: No
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.97821
  • Price per Sq Ft: 171.88
  • Close to Original List Price Ratio: 0.95694
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2020
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Vinyl
  • Interior Amenities: Ceiling Fans(s)
  • Appliances Included: Range, Refrigerator
  • Foundation Details: Crawlspace
  • Levels: One
  • Number Of Buildings: 1

Exterior Features

  • Other Structures: Storage
  • Exterior Features: Awning(s), Storage
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Asphalt
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No

Garage/Parking

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

Utilities

  • Utilities: Natural Gas Connected, Public, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Central, Natural Gas
  • Laundry Features: Laundry Room, Outside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Schools

  • Elementary School: Eustis Elem
  • High School: Eustis High School
  • Middle Or Junior School: Eustis Middle

Lot Info

  • Zoning: SR
  • Parcel Number: 11-19-26-0100-087-00008
  • Additional Parcels: No
  • Lot Features: Historic District, City Lot, Sidewalk
  • Lot Dimensions: 95x132
  • Flood Zone Code: X

Rental Info

  • Furnished: Unfurnished
  • Total Actual Rent: 1350

Multi Family

  • Gross Income: 16200
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2049.41
  • Tax Block: 087
  • Tax Book Number: 1-79
  • Tax Lot: 00008

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2021
Closed on
Oct 15, 2021
Sold by
Lilyquist Lisa and Estate Of Thomas Waterbury Bro
Bought by
Diaz Maria and Diaz Jesus R
Seller's Agent
Cheryl Roberts
JOHN ROBERTS REALTY
Buyer's Agent
Andrew Nolan
DAVE LOWE REALTY, INC.
List Price
$229,900
Sold Price
$220,000
Premium/Discount to List
-$9,900
-4.31%
Current Estimated Value
$251,822

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,822
Avg. Annual Appreciation
3.37%
Original Mortgage
$167,200
Outstanding Balance
$151,808
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$100,836

Purchase Details

Closed on
Apr 8, 1994
Sold by
Dept Housing & Urban Dev
Bought by
Brown Thomas W
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
Diaz Maria $220,000 Attorney
Brown Thomas W $25,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Diaz Maria $167,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/15/2021 10/15/21 Sold $220,000 -2.2% $172 / Sq Ft
08/27/2021 08/27/21 Pending -- -- --
08/20/2021 08/20/21 Price Changed $224,900 -2.2% $176 / Sq Ft
08/12/2021 08/12/21 For Sale $229,900 0.0% $180 / Sq Ft
07/16/2021 07/16/21 Pending -- -- --
07/05/2021 07/05/21 For Sale $229,900 0.0% $180 / Sq Ft
07/30/2019 07/30/19 Rented $675 0.0% --
07/20/2019 07/20/19 Under Contract -- -- --
06/10/2019 06/10/19 For Rent $675 +3.8% --
06/26/2018 06/26/18 Rented $650 0.0% --
06/24/2018 06/24/18 Under Contract -- -- --
06/22/2018 06/22/18 Price Changed $650 -1.4% $1 / Sq Ft
06/12/2018 06/12/18 For Rent $659 0.0% --
06/01/2018 06/01/18 Under Contract -- -- --
05/24/2018 05/24/18 For Rent $659 -- --
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
2026 $2,854 $144,155 $45,851 $98,304
2025 $2,635 $144,155 $45,851 $98,304
2024 $2,635 $144,155 $45,851 $98,304
2023 $2,635 $141,197 $45,851 $95,346
2022 $2,368 $115,922 $34,388 $81,534
2021 $1,955 $96,198 $0 $0
2020 $2,049 $96,009 $0 $0
2019 $1,981 $95,919 $0 $0
2018 $1,737 $81,249 $0 $0
2017 $1,619 $75,505 $0 $0
2016 $1,641 $75,505 $0 $0
2015 $1,657 $74,444 $0 $0
2014 $1,646 $73,479 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2021

    Cheryl Roberts

    JOHN ROBERTS REALTY

    (352) 636-4442

    13 in this area

    30 Total Sales

    Cheryl Roberts
    Section Image
  • Andrew Nolan

    Buyer's Agent in 2021

    Andrew Nolan

    DAVE LOWE REALTY, INC.

    (352) 989-3836

    4 in this area

    72 Total Sales

    Andrew Nolan
    Section Image

  • A

    Buyer Co-Listing Agent in 2021

    Anamaria Nolan

    DAVE LOWE REALTY, INC.

    (352) 223-7119

    1 in this area

    1 Total Sale

    Anamaria Nolan
    Section Image
  • Michele Lowe

    Seller's Agent in 2019

    Michele Lowe

    DAVE LOWE REALTY, INC.

    (352) 409-0369

    11 in this area

    152 Total Sales

    Michele Lowe
    Section Image

  • K

    Buyer's Agent in 2018

    Kathy Ghearing

    DAVE LOWE REALTY, INC.

    (352) 459-8025

    12 Total Sales

    Kathy Ghearing
    Section Image
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Map

Source: Stellar MLS

MLS Number: G5043862

Stellar MLS

APN: 11-19-26-0100-087-00008

Florida Lake County Eustis 32726

505 E Key Ave, Eustis, FL

Not Listed for Sale

MultiFamily

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.

Stellar MLS 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

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