NOT LISTED FOR SALE

708 Preserve Terrace Lake Mary, FL 32746

Estimated Value: $676,940 - $757,000

4 Beds
2 Baths
2,624 Sq Ft
$273/Sq Ft Est. Value

Last Sold July 31, 2020

Last sale price $440,000 $168 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $4,681/month

Highlights

  • 80 Feet of Waterfront
  • Boat Ramp
  • Fitness Center
  • Heathrow Elementary School Rated A
  • Golf Course Community
  • Gated Community

About This Home

As of July 2020

First time on the market! Lovely 4 bedroom 2 bath home in the sought-after, golf and 24 hr man-gated community of Heathrow! Formal dining and living spaces greet you as you enter with a gorgeous water view through a row of sliding glass doors. High ceilings and lots of light add to the charm of this home. Large kitchen has breakfast bar with sink and plenty of counter and cabinet space. Master bedroom has sliding doors leading to an open patio and spacious master bath with separate shower and soaking tub. A gas burning fireplace anchors the family room with breathtaking landscape green and water views of the outdoors at every turn including the dinette area complimented by a trio of seamless windows. 2 secondary bedrooms, a private office, spacious laundry and a 3-car garage round out this adorable home - complete with no rear neighbors and serene water views. Also close to excellent schools, shopping, dining, Hwys 417, 429 and I-4. This property may be under audio and video surveillance.

Last Agent to Sell the Property

Penney Lawrence

COLDWELL BANKER REALTY License #562300 Listed on: 06/18/2020

COLDWELL BANKER REALTY

Last Buyer's Agent

Penney Lawrence

COLDWELL BANKER REALTY License #562300 Listed on: 06/18/2020

COLDWELL BANKER REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,472

Year Built

  • Built in 1996

Lot Details

  • 0.25 Acre Lot
  • 80 Feet of Waterfront
  • Lake Front
  • Northeast Facing Home
  • Property is zoned PUD

HOA Fees

  • $165 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • Driveway
  • Open Parking

Home Design

  • Florida Architecture
  • Slab Foundation
  • Shingle Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,624 Sq Ft Home
  • Crown Molding
  • Ceiling Fan
  • Gas Fireplace
  • Blinds
  • Sliding Doors
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Combination Dining and Living Room
  • Den
  • Inside Utility
  • Lake Views

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Outdoor Features

  • Patio
  • Rain Gutters
  • Porch

Schools

  • Heathrow Elementary School
  • Markham Woods Middle School
  • Seminole High School

Utilities

  • Central Air
  • Heating Available
  • Underground Utilities
  • Propane
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Reclaimed Water Irrigation System
  • Property is near a golf course

Listing and Financial Details

Community Details

Overview

  • Association fees include security
  • Jake Chamness Association
  • Visit Association Website
  • Wyntree/Heathrow Subdivision
  • The community has rules related to deed restrictions, allowable golf cart usage in the community
  • Rental Restrictions

Amenities

  • Clubhouse

Recreation

  • Boat Ramp
  • Boat Dock
  • Golf Course Community
  • Community Basketball Court
  • Recreation Facilities
  • Community Playground
  • Fitness Center
  • Community Spa
  • Park

Security

  • Security Service
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,472

Year Built

Built in 1996

Lot Details

0

HOA Fees

$165 per month

Parking

3

Listing Details

  • HOA Fee Includes: Security
  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Florida
  • Construction Materials: Block, Stucco
  • Fireplace: Yes
  • Living Area: 2624
  • Lot Size Acres: 0.25
  • New Construction: No
  • Year Built: 1996
  • Building Area Total: 3581
  • Lot Size Sq Ft: 10895
  • Directions to Property: I-4E to Left on Lake Mary Blvd. Right on Heathrow Blvd. Thru gate to Left on Wyntree Ln. Left on Preserve Terrace. Home on right. From rear gate off 46A, proceed thru gate to right on Wyntree. Left on Preserve Terrace. Home on right.
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/O5872205?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/O5872205?w=Customer
  • Homestead Y N: No
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.97778
  • Price per Sq Ft: 167.68
  • Close to Original List Price Ratio: 0.97778
  • Ratio: Current Price\Building Area Total: 122.87
  • View: Yes
  • Ownership: Fee Simple
  • Tax Year: 2019
  • Special Features: None

Interior Features

  • Fireplace Features: Gas, Family Room
  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Crown Molding, Eating Space In Kitchen, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Solid Surface Counters, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 4
  • Levels: One
  • Window Features: Blinds, Window Treatments
  • Street Number Modifier: 708
  • Room Count: 5
  • Additional Rooms: Den/Library/Office, Inside Utility

Exterior Features

  • Direction Faces: Northeast
  • Exterior Features: Irrigation System, Rain Gutters, Sliding Doors
  • Roof: Shingle
  • Pool Private: No
  • View: Water
  • Water Body Name: Lake Marietta
  • Waterfront: Yes
  • Patio and Porch Features: Patio, Porch
  • Road Surface Type: Paved
  • Water View: Lake
  • Water View Y N: Yes
  • Water Access Y N: No
  • Water Extras Y N: No
  • Flood Zone Panel: 12117C0045F
  • Waterfront Frontage: 80
  • Water Frontage Feet Lake: 80

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Parking Features: Driveway, Garage Door Opener
  • Covered Parking Spaces: 3
  • Open Parking: Yes

Utilities

  • Utilities: Cable Available, Electricity Connected, Propane, Street Lights, Underground Utilities, Water Connected
  • Cooling: Central Air
  • Heating: Electric
  • Laundry Features: Inside, Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Community Boat Ramp, Deed Restrictions, Fitness, Gated Community, Golf Carts OK, Golf, Irrigation-Reclaimed Water, Playground, Sidewalk
  • Association Amenities: Basketball Court, Clubhouse, Boat Dock, Gated, Golf Course, Park, Playground, Recreation Facilities, Security, Spa/Hot Tub
  • Association Fee: 494
  • Association Fee Frequency: Quarterly
  • Association Name: Jake Chamness
  • Association: Yes
  • Security: Gated Community, Security System, Smoke Detector(s)
  • Senior Community: No
  • Association Website: sentrymgt.com
  • Association Email: heathrow@csbonline.net
  • Association Fee Requirement: Required
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 1976
  • Monthly HOA Fee: 164.67
  • Total Monthly Fees: 164.67

Schools

  • Elementary School: Heathrow Elementary
  • High School: Seminole High
  • Middle Or Junior School: Markham Woods Middle

Lot Info

  • Zoning: PUD
  • Parcel Number: 01-20-29-5MF-0000-0120
  • Additional Parcels: No
  • Lot Features: In County, Near Golf Course, Sidewalk
  • Flood Zone Code: X
  • Flood Zone Date: 2007-09-28

Green Features

  • Green Water Conservation: Irrigation-Reclaimed Water

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Minimum Lease: 7 Months
  • Approval Process: Buyer to verify approval process with HOA
  • Pet Restrictions: Buyer to verify pet restrictions with HOA
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: Buyer to verify lease restrictions with HOA

Tax Info

  • Tax Annual Amount: 5472
  • Tax Block: 00
  • Tax Book Number: 47-84
  • Tax Lot: 12

Multi Family

  • Waterfront Features: Lake

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2020
Closed on
Jul 24, 2020
Sold by
Lauster Stephen H and Lauster Anita J
Bought by
Oates Michael and Oates Alexa
Seller's Agent
Penney Lawrence
COLDWELL BANKER REALTY
Buyer's Agent
Penney Lawrence
COLDWELL BANKER REALTY
List Price
$450,000
Sold Price
$440,000
Premium/Discount to List
-$10,000
-2.22%
Current Estimated Value
$711,711

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$271,711
Avg. Annual Appreciation
9.69%
Original Mortgage
$396,000
Outstanding Balance
$355,807
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$346,202

Purchase Details

Closed on
Dec 6, 2019
Sold by
Lauster Stephen H
Bought by
Lauster Stephen H and Lauster Anita J

Purchase Details

Closed on
Feb 12, 2003
Sold by
Bartosiak Steven E and Bartosiak Patricia
Bought by
Lauster Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
5.93%

Purchase Details

Closed on
Feb 1, 1996
Bought by
Lauster Family Trust
Source: Public Records

Range of Values:

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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
Oates Michael $446,000 First American Title Ins Co
Lauster Stephen H -- Attorney
Lauster Family Trust $310,000 Security First Title Partner
Lauster Family Trust $94,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Oates Michael $396,000
Previous Owner Lauster David W $120,000
Previous Owner Lauster David W $87,600
Previous Owner Lauster Family Trust $248,000
Previous Owner Bartosiak Steven E $50,000
Previous Owner Bartosiak Steven E $198,000
Closed Lauster Family Trust $31,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2020 07/31/20 Sold $440,000 -2.2% $168 / Sq Ft
06/18/2020 06/18/20 Pending -- -- --
06/18/2020 06/18/20 For Sale $450,000 -- $171 / 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
2024 $7,656 $538,439 -- --
2023 $7,188 $489,490 $0 $0
2021 $5,820 $404,537 $120,000 $284,537
2020 $5,882 $405,862 $0 $0
2019 $5,707 $387,401 $0 $0
2018 $4,491 $336,853 $0 $0
2017 $4,469 $329,925 $0 $0
2016 $4,550 $325,401 $0 $0
2015 $4,365 $320,893 $0 $0
2014 $4,365 $318,346 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Penney Lawrence

    Seller's Agent in 2020

    Penney Lawrence

    COLDWELL BANKER REALTY

    (407) 353-7019

    9 in this area

    33 Total Sales

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Map

Source: Stellar MLS

MLS Number: O5872205

Stellar MLS

APN: 01-20-29-5MF-0000-0120

Florida Seminole County Lake Mary 32746

708 Preserve Terrace, Lake Mary, FL

This home is located at 708 Preserve Terrace, Lake Mary, FL 32746 since 18 June 2020 and is currently estimated at $715,985, approximately $272 per square foot. This property was built in 1996. 708 Preserve Terrace is a home located in Seminole County with nearby schools including Heathrow Elementary School, Seminole High School, and Markham Woods Middle School.

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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