NOT LISTED FOR SALE

506 First St Tavares, FL 32778

Estimated Value: $304,000 - $406,000

3 Beds
2 Baths
1,346 Sq Ft
$262/Sq Ft Est. Value

Last Sold October 30, 2023

Last sale price $380,000 $282 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $1,977/month

27 Days on Market

Highlights

  • Boathouse
  • Boat Slip Deeded
  • No HOA
  • Lake Front
  • Deck
  • Mature Landscaping

About This Home

As of October 2023

HUGE Price Improvement! Home being sold As-Is and no longer including a new boat house. Price reduction does not have anything to do with the Home Itself...This waterfront beauty is located on a canal that is only a short distance to Lake Eustis and the entire Harris Chain of Lakes. You'll be delighted by this beautifully updated residence with its new flooring, fixtures, new paint inside and out, window treatments throughout, brand-new cabinetry, counter tops and stainless appliances in the kitchen...just to name a few! The large lot provides plenty of outdoor living space for entertaining friends or just relaxing while taking in nature's beauty that only lakefront living can offer. A short distance to Lake Eustis allows easy access to all your favorite water activities like fishing, boating and swimming. You get to choose which downtown you would like to visit next by boat. Inside you will find three bedrooms including a master suite complete with an extra-large bathroom featuring sinks and luxury shower head system - perfect for unwinding after a long day at work or play! Two additional bedrooms provide plenty of room for family members or guests coming to enjoy all our area has to offer. Whether you're looking for everyday life on the lake or weekend getaways spent fishing with friends—506 1st Street has it all! Come experience this amazing property firsthand; schedule your showing today before it gets away! All information recorded in the MLS is intended to be accurate however, it should be independently verified by buyer and their agent.

Last Agent to Sell the Property

Amanda Harrison

HARRISON REAL PROPERTY GROUP Brokerage Phone: 407-741-3547 License #3196918 Listed on: 09/06/2023

Last Buyer's Agent

Cindy Carrion

SMART PROPERTY MOVES LLC License #0702727

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,290

Year Built

  • Built in 1959

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 75x150
  • Lake Front
  • Property fronts a freshwater canal
  • Southeast Facing Home
  • Mature Landscaping
  • Level Lot
  • Irrigation
  • Landscaped with Trees
  • Property is zoned RSF

Parking

  • 1 Carport Space

Home Design

  • Slab Foundation
  • Metal Roof
  • Block Exterior

Interior Spaces

  • 1,346 Sq Ft Home
  • Ceiling Fan
  • Blinds
  • Inside Utility
  • Water Views

Kitchen

  • Range with Range Hood
  • Recirculated Exhaust Fan
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Seawall
  • Water Skiing Allowed
  • Boat Slip Deeded
  • Boathouse
  • Deck
  • Covered Patio or Porch

Schools

  • Tavares Elementary School
  • Tavares Middle School
  • Tavares High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • North Lakewood Park Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,290

Year Built

Built in 1959

Lot Details

0.26 Acres

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 1346
  • Lot Size Acres: 0.26
  • New Construction: No
  • Year Built: 1959
  • Building Area Total: 1809
  • Lot Size Sq Ft: 11251
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Building Area Total Srch Sq M: 168.06
  • Escrow State: FL
  • Minimum Lease: No Minimum
  • RATIO Current Price By Calculate: 282.32
  • Total Acreage: 1/4 to less than 1/2
  • Water Access YN: 0
  • Attribution Contact: 407-741-3547
  • Tax Year: 2022
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Vinyl
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Range, Range Hood, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Window Features: Blinds, Window Treatments
  • ResoLivingAreaSource: Owner
  • Additional Rooms: Inside Utility
  • Living Area Meters: 125.05

Exterior Features

  • Direction Faces: Southeast
  • Exterior Features: Irrigation System
  • Roof: Metal
  • Home Warranty: No
  • Pool Private: No
  • View: Water
  • Water Body Name: EUSTIS
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Deck, Patio, Porch, Screened
  • Road Surface Type: Asphalt
  • Disclosures: Lead Paint
  • Water Extras: Boathouse,Dock - Slip Deeded On-Site,Seawall - Other,Skiing Allowed
  • Water View YN: 0
  • Waterfront Feet Total: 0

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: Yes
  • Garage Yn: No

Utilities

  • Utilities: Cable Connected, Electricity Connected, Street Lights
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Schools

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

Lot Info

  • Zoning: RSF
  • Parcel Number: 20-19-26-0300-000-02000
  • Additional Parcels: No
  • Lot Features: City Limits, Level, Sidewalk, Paved
  • Lot Dimensions: 75x150
  • Flood Zone Code: X
  • Future Land Use: 0102

Rental Info

  • Lease Restrictions YN: 0
  • Additional Lease Restrictions: Buyer and buyer agent to verify with the city/county

Tax Info

  • Tax Annual Amount: 3290.05
  • Tax Block: 000
  • Tax Book Number: 0014/0011
  • Tax Lot: 02000

Multi Family

  • Waterfront Features: Canal - Freshwater, Lake

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2023
Closed on
Oct 30, 2023
Sold by
Viko Enterprises Llc
Bought by
Lusher Delora Deane
Seller's Agent
Amanda Harrison
HARRISON REAL PROPERTY GROUP
Buyer's Agent
Cindy Carrion
SMART PROPERTY MOVES LLC
List Price
$435,000
Sold Price
$380,000
Premium/Discount to List
-$55,000
-12.64%
Views
188
Current Estimated Value
$352,860

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$27,140
Avg. Annual Appreciation
-3.14%
Original Mortgage
$130,000
Outstanding Balance
$127,122
Interest Rate
7.19%
Mortgage Type
New Conventional
Estimated Equity
$225,738

Purchase Details

Closed on
Jun 5, 2023
Sold by
Parker George C Le
Bought by
Viko Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.39%
Mortgage Type
Balloon

Purchase Details

Closed on
Feb 14, 2022
Sold by
Gal Land Investments Llc
Bought by
Parker George Charles

Purchase Details

Closed on
Jul 12, 2005
Sold by
Dermody Joseph P and The Joseph P Dermody Sr Trust
Bought by
Gal Land Investments Llc
Source: Public Records
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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
Lusher Delora Deane $380,000 Standard Title
Lusher Delora Deane $380,000 Standard Title
Viko Enterprises Llc $200,000 Standard Title Insurance Agenc
Parker George Charles -- New Title Company Name
Parker George Charles $100 New Title Company Name
Gal Land Investments Llc $220,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lusher Delora Deane $130,000
Closed Lusher Delora Deane $130,000
Previous Owner Viko Enterprises Llc $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/30/2023 10/30/23 Sold $380,000 0.0% $282 / Sq Ft
09/29/2023 09/29/23 Off Market $380,000 -- --
09/27/2023 09/27/23 Price Changed $390,000 -7.1% $290 / Sq Ft
09/18/2023 09/18/23 Price Changed $420,000 -3.4% $312 / Sq Ft
09/06/2023 09/06/23 For Sale $435,000 -- $323 / Sq Ft
Source: Stellar MLS

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 $1,913 $153,270 -- --
2025 $4,798 $149,480 -- --
2024 $4,798 $149,480 -- --
2023 $4,798 $249,916 $102,000 $147,916
2022 $3,392 $179,172 $63,750 $115,422
2021 $3,021 $153,033 $0 $0
2020 $3,118 $153,033 $0 $0
2019 $2,851 $133,728 $0 $0
2018 $2,729 $128,656 $0 $0
2017 $2,525 $123,471 $0 $0
2016 $2,302 $106,471 $0 $0
2015 $2,318 $106,791 $0 $0
2014 $2,323 $105,680 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: G5072833

Stellar MLS

APN: 20-19-26-0300-000-02000

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