NOT LISTED FOR SALE

518 W Lake Summit Dr Winter Haven, FL 33884

Cypress Gardens Neighborhood

Estimated Value: $367,000 - $455,000

3 Beds
2 Baths
2,198 Sq Ft
$186/Sq Ft Est. Value

Last Sold August 25, 2023

Last sale price $475,000 $216 Per Sq Ft

Est. 14% decrease in value since last sale

Current estimated payment $2,416/month

13 Days on Market

Highlights

  • Waterfront Community
  • Access To Chain Of Lakes
  • Fruit Trees
  • Parking available for a boat
  • Lake View
  • Community Lake

About This Home

As of August 2023

Welcome to your dream home with stunning lake views! This charming three-bedroom, two-bathroom house offers a host of fantastic features and a spacious .5-acre lot without any HOA restrictions.
Inside, you'll find a beautifully upgraded kitchen with custom cabinets, quartz countertops, and new stainless steel appliances. The open floor plan connects the kitchen to the inviting living areas, which feature knockdown ceilings, new light fixtures, and new ceiling fans. Throughout the house, you'll enjoy new waterproof luxury vinyl plank flooring.
The primary bedroom boasts a custom closet, and the bathrooms have new low-flow tall seat toilets. The laundry room includes storage space and a folding area, making chores a breeze. The garage is insulated and features an epoxy floor and a window AC unit.
This property is perfect for those with recreational vehicles, as it offers gated and paved RV/boat parking with a 50-amp plug. There's also a 20-amp plug for a hot tub! Outdoor storage is provided with a lawn shed and an outdoor utility closet. The property has a deep well for irrigation, ensuring a beautiful lawn.
The house has been freshly painted inside and out, and the septic system was emptied and inspected in October 2022. The driveway can accommodate 10+ vehicles, and you'll have direct access to Lake Summit, part of the northern chain of lakes.
Don't miss this incredible opportunity to own a beautifully upgraded home with lake access and plenty of space for all your needs. Schedule your appointment today!

Last Agent to Sell the Property

Molly Polson

EXP REALTY LLC Brokerage Phone: 407-566-1800 License #3384883 Listed on: 06/30/2023

EXP REALTY LLC

Last Buyer's Agent

David Small

KELLER WILLIAMS REALTY SMART 1 License #3319175

KELLER WILLIAMS REALTY SMART 1

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,206

Year Built

  • Built in 1975

Lot Details

  • 0.46 Acre Lot
  • East Facing Home
  • Fenced
  • Oversized Lot
  • Well Sprinkler System
  • Fruit Trees

Parking

  • 2 Car Attached Garage
  • Oversized Parking
  • Driveway
  • Off-Street Parking
  • Parking available for a boat

Home Design

  • Slab Foundation
  • Shingle Roof
  • Stucco

Interior Spaces

  • 2,198 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Blinds
  • Living Room
  • Vinyl Flooring
  • Chain Of Lake Views

Kitchen

  • Cooktop
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Access To Chain Of Lakes
  • Access To Lake
  • Covered Patio or Porch
  • Shed
  • Private Mailbox

Schools

  • Chain O Lakes Elementary School
  • Denison Middle School
  • Lake Region High School

Utilities

  • Central Air
  • Heating Available
  • 1 Water Well
  • 1 Septic Tank
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • Eloise Woods Lake Roy Subdivision
  • Community Lake

Recreation

  • Waterfront Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,206

Year Built

Built in 1975

Lot Details

0.46 Acres

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Stucco
  • Fireplace: No
  • Living Area: 2198
  • Lot Size Acres: 0.46
  • New Construction: No
  • Year Built: 1975
  • Building Area Total: 2655
  • Lot Size Sq Ft: 20025
  • Status: Sold
  • Street Direction: W
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Building Area Total Srch Sq M: 246.66
  • Escrow City: CELEBRATION
  • Escrow State: FL
  • Escrow Street Name: Celebration Blvd Suite 200
  • Minimum Lease: No Minimum
  • RATIO Current Price By Calculate: 216.11
  • Total Acreage: 1/4 to less than 1/2
  • Water Access YN: 1
  • Tax Year: 2022
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Vinyl
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Walk-In Closet(s)
  • Appliances Included: Cooktop, Dishwasher, Dryer, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Stories: 1
  • Window Features: Blinds
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 204.20

Exterior Features

  • Direction Faces: East
  • Other Structures: Shed(s), Storage
  • Exterior Features: Irrigation System, Private Mailbox
  • Roof: Shingle
  • Pool Private: No
  • View: Water
  • Water Body Name: SUMMIT
  • Waterfront: No
  • Patio and Porch Features: Covered
  • Road Surface Type: Paved
  • Disclosures: Seller Property Disclosure
  • Water Access: Lake,Lake - Chain of Lakes
  • Water View: Lake,Lake - Chain of Lakes
  • Water View YN: 1
  • Waterfront Feet Total: 0

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Boat, Driveway, Off Street, Oversized

Utilities

  • Utilities: Cable Available, Electricity Connected, Sprinkler Well
  • Cooling: Central Air
  • Heating: Electric
  • Laundry Features: Inside, Laundry Room
  • Sewer: Septic Tank
  • Water Source: Public
  • Number Of Septics: 1
  • Number of Wells: 1

Condo/Co-op/Association

  • Community Features: Lake, Water Access, Waterfront
  • Association: No
  • Senior Community: No
  • Association 2 YN: 0
  • Pet Restrictions: BUYER TO VERIFY ANY RESTRICTIONS WITH COUNTY/CITY ORDINANCES

Fee Information

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

Schools

  • Elementary School: Chain O Lakes Elem
  • High School: Lake Region High
  • Middle Or Junior School: Denison Middle

Lot Info

  • Zoning: R-1
  • Parcel Number: 26-28-34-660000-001810
  • Additional Parcels: No
  • Fencing: Fenced
  • Lot Features: City Limits, Oversized Lot, Paved
  • Flood Zone Code: X

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Lease Restrictions YN: 0
  • Additional Lease Restrictions: BUYER TO VERIFY ANY RESTRICTIONS WITH COUNTY/CITY ORDINANCES

Tax Info

  • Tax Annual Amount: 1206
  • Tax Book Number: 14-19
  • Tax Lot: 181

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2023
Closed on
Aug 25, 2023
Sold by
Cormier Lauren and Cormier Jeffrey
Bought by
Flowers Emily G and Flowers Michael K
Seller's Agent
Molly Polson
EXP REALTY LLC
Buyer's Agent
David Small
KELLER WILLIAMS REALTY SMART 1
List Price
$479,900
Sold Price
$475,000
Premium/Discount to List
-$4,900
-1.02%
Views
63
Current Estimated Value
$408,947

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$66,053
Avg. Annual Appreciation
-5.66%
Original Mortgage
$275,000
Outstanding Balance
$268,699
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$140,248

Purchase Details

Listed on
Aug 30, 2022
Closed on
Oct 12, 2022
Sold by
Gushlaw Michael W and Gushlaw Lori
Bought by
Cormier Lauren
Seller's Agent
Renee Butler
BROKERS REALTY OF CENTRAL FLOR
Buyer's Agent
Molly Polson
EXP REALTY LLC
List Price
$375,000
Sold Price
$375,000
Views
36

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
31.22%
Original Mortgage
$262,500
Interest Rate
5.66%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 9, 2012
Closed on
Nov 27, 2012
Sold by
Schutt Victor M and Schutt Maria T
Bought by
Gushlaw Michael W
Seller's Agent
Renee Butler
BROKERS REALTY OF CENTRAL FLOR
Buyer's Agent
Lindsey Krombach
CHARLES RUTENBERG REALTY ORLANDO
List Price
$150,000
Sold Price
$135,000
Premium/Discount to List
-$15,000
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.93%

Purchase Details

Closed on
May 17, 2010
Sold by
Schutt Victor M
Bought by
Schutt Victor M and Schutt Maria T

Purchase Details

Closed on
Mar 9, 2004
Sold by
Walker Eleanore F and Hartman Joseph T
Bought by
Schutt Victor M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,600
Interest Rate
5.49%

Purchase Details

Closed on
Feb 29, 2004
Sold by
Bennefield Denita L and Bennefield Donnie
Bought by
Walker Eleanore F and Hartman Joseph T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,600
Interest Rate
5.49%

Purchase Details

Closed on
Feb 23, 2004
Sold by
Hendriex Louis
Bought by
Bennefield Denita L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,600
Interest Rate
5.49%

Purchase Details

Closed on
Jun 8, 1999
Sold by
Ivey Wendy A
Bought by
Hendriex Louis and Hendriex Denita L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
6.9%

Purchase Details

Closed on
May 27, 1994
Sold by
Adams Daniel J and Adams Trudy B
Bought by
Ruggieri Keith A and Ruggieri Wendy Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,000
Interest Rate
8.46%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Flowers Emily G $475,000 None Listed On Document
Cormier Lauren $375,000 Ridge Security Title
Gushlaw Michael W $135,000 Executive Title Of Central F
Schutt Victor M -- Attorney
Schutt Victor M $127,000 --
Walker Eleanore F $127,000 --
Bennefield Denita L -- --
Hendriex Louis $95,000 --
Ruggieri Keith A $78,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Flowers Emily G $275,000
Previous Owner Cormier Lauren $262,500
Previous Owner Schutt Victor M $101,600
Previous Owner Hendriex Louis $85,000
Previous Owner Ruggieri Keith A $74,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/25/2023 08/25/23 Sold $475,000 -1.0% $216 / Sq Ft
07/14/2023 07/14/23 Pending -- -- --
06/30/2023 06/30/23 For Sale $479,900 +28.0% $218 / Sq Ft
10/12/2022 10/12/22 Sold $375,000 0.0% $171 / Sq Ft View Prior Sale
09/13/2022 09/13/22 Pending -- -- --
08/30/2022 08/30/22 For Sale $375,000 +177.8% $171 / Sq Ft
05/26/2015 05/26/15 Off Market $135,000 -- --
12/07/2012 12/07/12 Sold $135,000 -10.0% $61 / Sq Ft View Prior Sale
11/13/2012 11/13/12 Pending -- -- --
08/09/2012 08/09/12 For Sale $150,000 -- $68 / 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
2025 $3,181 $236,243 -- --
2024 $4,220 $229,585 -- --
2023 $4,220 $314,990 $70,345 $244,645
2022 $1,674 $128,528 $0 $0
2021 $1,670 $124,784 $0 $0
2020 $1,635 $123,061 $0 $0
2018 $1,566 $118,051 $0 $0
2017 $1,531 $115,623 $0 $0
2016 $1,490 $113,245 $0 $0
2015 $1,147 $112,458 $0 $0
2014 $1,417 $111,565 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2023

    Molly Polson

    EXP REALTY LLC

    (407) 614-8336

    3 in this area

    48 Total Sales

    Molly Polson
    Section Image
  • David Small

    Buyer's Agent in 2023

    David Small

    KELLER WILLIAMS REALTY SMART 1

    (407) 601-8351

    42 in this area

    771 Total Sales

    David Small
    Section Image
  • Renee Butler

    Seller's Agent in 2022

    Renee Butler

    BROKERS REALTY OF CENTRAL FLOR

    (863) 412-1070

    35 in this area

    415 Total Sales

    Renee Butler
    Section Image
  • Lindsey Krombach

    Buyer's Agent in 2012

    Lindsey Krombach

    CHARLES RUTENBERG REALTY ORLANDO

    (863) 875-5656

    6 in this area

    45 Total Sales

    Lindsey Krombach
    Section Image
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Map

Source: Stellar MLS

MLS Number: O6122802

Stellar MLS

APN: 26-28-34-660000-001810

Florida Polk County Winter Haven 33884 Cypress Gardens

518 W Lake Summit Dr, Winter Haven, FL

Not Listed for Sale

Detached

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 Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. 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.
Based on information submitted to the MLS GRID

Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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