NOT LISTED FOR SALE

721 Foster Ave Winter Garden, FL 34787

Estimated Value: $416,962 - $589,000

5 Beds
3 Baths
2,293 Sq Ft
$209/Sq Ft Est. Value

Last Sold March 04, 2020

Last sale price $272,000 $119 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $3,116/month

36 Days on Market

Highlights

  • 0.42 Acre Lot
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • West Orange High School Rated A
  • Oversized Lot
  • Heating System Mounted To A Wall or Window

About This Home

As of March 2020

ATTENTION INVESTORS!!! Great income property in Winter Garden. Walking distance to Plant St shopping and restaurants. Fully occupied with month to month tenants all paying on time at under market rent. This is a true tri-plex on an over-sized lot. One unit has been completely renovated and a new roof was installed across all 3 units in 2015. Individually metered for power and on city water and city sewer. Tenants pay for utilities and yard maintenance. The neighborhood is close to the Winter Garden Veterans Memorial Park which includes playground, tennis courts, softball fields, and more. The location of this property helps to ensure plenty of future appreciation.

Last Agent to Sell the Property

Danielle Galloway

CFL REALTY PROS LLC License #3142507 Listed on: 12/02/2019

Last Buyer's Agent

Andrea Perlas

PREFERRED RE BROKERS III License #3255161

PREFERRED RE BROKERS III

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,112

Year Built

  • Built in 1960

Lot Details

  • 0.42 Acre Lot
  • Oversized Lot

Parking

  • Assigned Parking

Home Design

  • 2,293 Sq Ft Home
  • Triplex
  • Slab Foundation
  • Shingle Roof
  • Block Exterior

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Down Payment Assistance Available
  • Visit Down Payment Resource Website
  • Tenant pays for electricity, sewer, trash collection, water
  • Legal Lot and Block 28 / B
  • Assessor Parcel Number 22-22-27-1084-02-280

Community Details

Overview

  • No Home Owners Association
  • 2,389 Sq Ft Building
  • Burchshire Subdivision

Building Details

  • Gross Income $28,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,112

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 2293
  • Lot Size Acres: 0.42
  • New Construction: No
  • Year Built: 1960
  • Building Area Total: 2389
  • Lot Size Sq Ft: 18079
  • Tenant Pays: Electricity, Sewer, Trash Collection, Water
  • Directions to Property: Take West Colonial Dr to South Park Ave and make a right to Story Rd W then make left on Foster A
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/O5826913?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/O5826913?w=Customer
  • Unit Count: 3
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.94774
  • Price per Sq Ft: 118.62
  • Close to Original List Price Ratio: 0.94774
  • Ratio: Current Price\Building Area Total: 113.86
  • View: No
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2018
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Foundation Details: Slab
  • Levels: One
  • Street Number Modifier: 721
  • Number Of Buildings: 1
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Exterior Features: Sidewalk
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Disclosures: None

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Assigned
  • Open Parking: No

Utilities

  • Utilities: Electricity Connected, Public
  • Cooling: Wall/Window Unit(s)
  • Heating: Wall Units / Window Unit
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association Approval Required YN: No

Lot Info

  • Zoning: R-2
  • Parcel Number: 22-22-27-1084-02-280
  • Additional Parcels: No
  • Lot Features: Oversized Lot
  • Flood Zone Code: x
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Total Actual Rent: 2350
  • Minimum Lease: No Minimum
  • Lease Restrictions Y N: No

Multi Family

  • Gross Income: 28200
  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 3111.53
  • Tax Block: B
  • Tax Book Number: Q-138
  • Tax Lot: 28

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 2, 2019
Closed on
Mar 4, 2020
Sold by
Tru Rei Llc
Bought by
Perlas Park Place Llc
Seller's Agent
Danielle Galloway
CFL REALTY PROS LLC
Buyer's Agent
Andrea Perlas
PREFERRED RE BROKERS III
List Price
$287,000
Sold Price
$272,000
Premium/Discount to List
-$15,000
-5.23%
Current Estimated Value
$478,991

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$206,991
Avg. Annual Appreciation
10.75%
Original Mortgage
$204,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 30, 2019
Sold by
Sheogobind Stanton and Sheogobind Margaret
Bought by
Tru Rei Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,327
Interest Rate
3.8%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 6, 2005
Sold by
Nichols Joseph B
Bought by
Sheogobind Stanton and Sheogobind Margaret

Purchase Details

Closed on
May 25, 2005
Sold by
Mckendrick James E
Bought by
Nichols Joseph B and Jbn Investments Inc
Source: Public Records

Range of Values:

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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
Perlas Park Place Llc $272,000 Haven Title Llc
Tru Rei Llc $200,000 Haven Title Llc
Sheogobind Stanton $178,000 Township Title Services Llc
Nichols Joseph B $100,000 Thoroughbred Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Perlas Park Place Llc $380,000
Closed Perlas Park Place Llc $204,000
Previous Owner Tru Rei Llc $202,327
Previous Owner Sheogobind Stanton $171,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/04/2020 03/04/20 Sold $272,000 -5.2% $119 / Sq Ft
01/07/2020 01/07/20 Pending -- -- --
12/02/2019 12/02/19 For Sale $287,000 -- $125 / 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
2025 $6,763 $337,495 -- --
2024 $5,775 $337,495 -- --
2023 $5,775 $371,359 $178,982 $192,377
2022 $4,764 $261,165 $97,627 $163,538
2021 $4,395 $230,514 $85,514 $145,000
2020 $3,373 $174,278 $60,000 $114,278
2019 $3,220 $156,352 $60,000 $96,352
2018 $3,112 $154,757 $60,000 $94,757
2017 $3,055 $163,143 $70,000 $93,143
2016 $2,774 $141,190 $50,000 $91,190
2015 $2,682 $134,667 $50,000 $84,667
2014 $2,522 $109,652 $47,500 $62,152
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: O5826913

Stellar MLS

APN: 22-2227-1084-02-280