NOT LISTED FOR SALE

505 Lake Saddlebags Dr Lake Placid, FL 33852

Estimated Value: $386,000 - $446,000

3 Beds
2 Baths
2,220 Sq Ft
$186/Sq Ft Est. Value

Last Sold October 13, 2015

Last sale price $139,400 $63 Per Sq Ft

Est. 197% increase in value since last sale

Current estimated payment $2,346/month

596 Days on Market

Highlights

  • Lake Front
  • In Ground Pool
  • Pool View
  • Lake Placid Elementary School Rated 9+
  • Powered Boats Allowed
  • Screened Porch

About This Home

As of October 2015

With the luxury of a caged in-ground pool plus 80 ft of lake frontage on Lake Saddlebags, this home and land will make a terrific place to entertain family and friends. HUGE 35' family room with wet bar, 2nd level covered deck with awesome views. Upstairs is the main entry level leading to the LARGE pool and deck area, with kitchen, living room, dining room plus two guest bedrooms. HUGE master bedroom is on the lower level for privacy. Both floors are well insulated and the lawn irrigation is fed from the lake. Gorgeous lake views. A MUST SEE! New roof, carpet, paint(interior), new fence. All inpsected with all items fixed that were in question. Bring your VA, FHA or USDA buyers here for a smooth fast, hassel free closing.

Last Agent to Sell the Property

Gregory Karlson

ADVANTAGE REALTY #1 License #3229372 Listed on: 01/08/2014

Last Buyer's Agent

Melissa Debono

ALL ABOUT REALTY-LK PLACID License #703973

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,457

Year Built

  • Built in 1981

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 80 x 157
  • Lake Front
  • Fenced
  • Sprinkler System

Parking

  • 2 Car Garage
  • Garage Door Opener

Home Design

  • Frame Construction
  • Shingle Roof
  • Concrete Siding
  • Block Exterior
  • Vinyl Siding

Interior Spaces

  • 2,220 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Wood Burning Fireplace
  • Single Hung Windows
  • Blinds
  • Screened Porch
  • Pool Views

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Pool

  • In Ground Pool
  • Fence Around Pool

Schools

  • Lake Placid Elementary School
  • Lake Placid Middle School
  • Lake Placid High School

Utilities

  • Central Heating and Cooling System
  • Sewer Not Available
  • Cable TV Available

Community Details

  • Powered Boats Allowed
  • Water Sports

Listing and Financial Details

  • Assessor Parcel Number C-06-37-30-140-0050-0050

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,457

Year Built

Built in 1981

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: Lakefront
  • Lot Size Acres: 0.288
  • Lot Size: 80 X 157
  • Road Surface Type: Paved
  • Water Body Name: Saddlebags
  • Directions: US 27 S and Hammock Rd to south on 27, west on Faye Dr (by McDonalds), left on Twyla to end of street - home is straight ahead on Lake Saddlebags
  • Architectural Style: Two Story
  • Garage Yn: Yes
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 1981
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Microwave, Oven, Range, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Flooring: Carpet, Tile
  • Interior Amenities: Ceiling Fan(s), Fireplace, Cable TV, Window Treatments
  • Living Area: 2220.0
  • Window Features: Single Hung, Blinds

Exterior Features

  • Pool Features: Fenced, In Ground
  • View: Lake, Pool
  • View: Yes
  • Construction Type: Block, Frame, Concrete, Vinyl Siding
  • Exterior Features: Fence, Sprinkler/Irrigation
  • Patio And Porch Features: Rear Porch, Screened
  • Property Condition: Resale
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Garage, Garage Door Opener

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: None
  • Utilities: Cable Available, Sewer Not Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Water Sports
  • Amenities: Powered Boats Allowed

Schools

  • Elementary School: Lake Placid Elementary
  • High School: Lake Placid High
  • Middle Or Junior School: Lake Placid Middle

Lot Info

  • Lot Size Sq Ft: 12560.0
  • Additional Parcels Description: ,,
  • Additional Parcels: No
  • Parcel #: C-06-37-30-140-0050-0050

Multi Family

  • Number Of Units Total: 1

Tax Info

  • Tax Annual Amount: 1457.0
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 8, 2014
Closed on
Oct 2, 2015
Sold by
Peavy Christine M
Bought by
Pereira Edward Roger and Pereira Laura Ellen
Seller's Agent
Gregory Karlson
ADVANTAGE REALTY #1
Buyer's Agent
Melissa Debono
ALL ABOUT REALTY-LK PLACID
List Price
$159,900
Sold Price
$139,400
Premium/Discount to List
-$20,500
-12.82%
Current Estimated Value
$413,772

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$274,372
Avg. Annual Appreciation
11.36%
Original Mortgage
$136,875
Outstanding Balance
$107,655
Interest Rate
3.87%
Mortgage Type
FHA
Estimated Equity
$306,117
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Pereira Edward Roger $139,400 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pereira Edward Roger $136,875
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/13/2015 10/13/15 Sold $139,400 -12.8% $63 / Sq Ft
08/28/2015 08/28/15 Pending -- -- --
01/08/2014 01/08/14 For Sale $159,900 -- $72 / Sq Ft
Source: Heartland Association of REALTORS®

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 $2,003 $152,362 -- --
2023 $2,003 $147,924 $0 $0
2022 $2,091 $143,616 $0 $0
2021 $2,091 $139,433 $0 $0
2020 $1,581 $112,141 $0 $0
2019 $1,550 $109,620 $0 $0
2018 $2,033 $134,017 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland Association of REALTORS®

MLS Number: 228553

Heartland Association of REALTORS®

APN: P-06-37-30-140-0050-0050