NOT LISTED FOR SALE

721 Magnolia Dr Indian Lake Estates, FL 33855

Estimated Value: $16,000 - $89,000

0.5 Acre
$102,666 Price per Acre
21,780 Sq Ft Lot

Last Sold July 17, 2023

Last sale price $15,000

Est. 278% increase in value since last sale

Current estimated payment $353/month

2 Days on Market

Highlights

  • Waterfront Community
  • Golf Course Community
  • Fitness Center
  • Boat Ramp
  • Access To Lake
  • Fishing

About This Lot

As of July 2023

Come build your forever home on this one-half acre lot located in the lake community of Indian Lake Estates, a golfing, fishing and boating
community in the center of Florida. If you want to enjoy Florida living at its best, this is where you want to invest! Indian Lake Estates is about 20 miles east of Lake Wales. The community surrounds the 7, 500 acre lake locally known as Lake Walk In Water, nationally known for its fishing and considered to be one of the best bass fishing lakes in all Florida. The lake has a beach, boat ramp, boat marina and the longest freshwater fishing pier in the State of Florida. The pavilion is located at the front of the pier and is complete with propane grills and covered picnic tables. The community amenities include an 18-hole golf course, basketball and tennis courts, 23, 000 sq.ft. clubhouse, cafe, post office, churches, library, fitness room and pro shop. If you love nature and the peace and quiet of the country you're in luck. Wildlife is plentiful! You will see deer, raccoon, turkey, turtles, cranes and various species of birds that call Indian Lake Estates their home. Orlando and Disney is only about an hour's drive north and Tampa, Busch Gardens, and the Gulf's pristine beaches only a little over an hour west. Live the country life, experience the tranquility, but never be more than an hour away from it all.

Last Agent to Sell the Property

Karen Boyette

SIGNATURE REALTY ASSOCIATES License #3098904 Listed on: 06/23/2023

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $160

Lot Details

  • 0.5 Acre Lot
  • Lot Dimensions are 100x218
  • Property is zoned PUD

HOA Fees

  • $30 Monthly HOA Fees

Utilities

  • Well Required
  • Septic Needed

Listing and Financial Details

  • Legal Lot and Block 14 / 202
  • Assessor Parcel Number 30-31-07-994050-020214

Community Details

Overview

  • Althea Torkildson Association, Phone Number (863) 692-1433
  • Visit Association Website
  • Indian Lake Estates Subdivision
  • The community has rules related to deed restrictions, allowable golf cart usage in the community

Recreation

  • Boat Ramp
  • Waterfront Community
  • Golf Course Community
  • Tennis Courts
  • Community Playground
  • Fitness Center
  • Fishing
  • Access To Lake
  • Fishing Pier
  • Water Skiing Allowed

Additional Features

  • Planned Social Activities
  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$160

Lot Details

0

HOA Fees

$30 per month

Listing Details

  • Property Type: Land
  • Lot Size Acres: 0.5
  • Lot Size Sq Ft: 21797
  • Directions to Property: From the Lake Wales Walmart travel 16 mile east on SR60. Turn right on Deland Ave. Turn right on Park Ave. Turn left on Orange Ave. Turn left on Magnolia. Property is on the south side of the street next to the house at 3971 Magnolia.
  • Status: Sold
  • Ownership: Fee Simple
  • Escrow City: WINTER PARK
  • Escrow Postal Code: 32789
  • Escrow State: FL
  • Escrow Street Name: W. MORSE BLVD ST 100
  • Escrow Street Number: 941
  • List Office Head Office Key Nume: 1054925
  • RATIO Current Price By Calculate: 0.69
  • Total Acreage: 1/2 to less than 1
  • Water Access YN: 1
  • Tax Year: 2022
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Living Area Units: Square Feet
  • Street Number Modifier: 721

Exterior Features

  • Water Body Name: WALK-IN-WATER
  • Waterfront: No
  • Road Surface Type: Paved
  • Water Access: Lake
  • Water Extras: Fishing Pier,Skiing Allowed
  • Water Extras YN: 1
  • Water View YN: 0
  • Waterfront Feet Total: 0
  • Price Per Acre: 30000

Utilities

  • Utilities: Electrical Nearby
  • Sewer: Septic Needed
  • Water Source: Well Required

Condo/Co-op/Association

  • Community Features: Activity Core/Center, Boat Ramp, Deed Restrictions, Fishing, Fitness Center, Gated Community - No Guard, Golf Carts OK, Golf, Playground, Tennis Courts, Water Access, Waterfront
  • Association Fee: 362.3
  • Association Fee Frequency: Annually
  • Association Name: ALTHEA TORKILDSON
  • Phone: 8636921433
  • Association: Yes
  • Association 2 YN: 0
  • Pet Restrictions: CONTACT THE COMMUNITY OFFICE FOR ALL PET RESTRICTIONS
  • Association Fee Requirement: Required
  • Association Email: ACCTINFO@ILEFL.COM
  • Association URL: INDIANLAKEESTATES.NET

Fee Information

  • Total Annual Fees: 362.30
  • Total Monthly Fees: 30.19
  • Monthly HOA Amount: 30.19

Lot Info

  • Zoning: PUD
  • Parcel Number: 30-31-07-994050-020214
  • Additional Parcels: No
  • Current Use: Residential
  • Lot Dimensions: 100x218
  • Flood Zone Code: X
  • Lot Size Square Meters: 2025

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Annual Amount: 95.49
  • Tax Block: 202
  • Tax Book Number: 39-31
  • Tax Lot: 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2023
Closed on
Jul 17, 2023
Sold by
Schonacher David M
Bought by
Hernandez Crystal and Hernandez Anicasio Pascual
Seller's Agent
Karen Boyette
SIGNATURE REALTY ASSOCIATES
List Price
$18,900
Sold Price
$15,000
Premium/Discount to List
-$3,900
-20.63%
Views
34
Current Estimated Value
$56,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,667
Avg. Annual Appreciation
81.18%

Purchase Details

Listed on
Aug 23, 2022
Closed on
Aug 22, 2022
Sold by
Algarin Gloria J
Bought by
Schonacher David M
Seller's Agent
Stellar Non-Member Agent
Stellar Non-Member Office
Buyer's Agent
Karen Boyette
SIGNATURE REALTY ASSOCIATES
List Price
$15,000
Sold Price
$15,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.00%

Purchase Details

Closed on
Dec 31, 2020
Sold by
Nation Wide Properties & Associates
Bought by
Algarin Gloria J and De Rio Grande

Purchase Details

Closed on
Dec 6, 2002
Sold by
Indian Lake Investments Lc
Bought by
Nation Wide Properties & Associates Corp
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Hernandez Crystal $15,000 Real Estate Title
Schonacher David M $15,000 Contemporary Title & Escrow
Algarin Gloria J $9,000 None Available
Nation Wide Properties & Associates Corp $1,200 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2023 07/17/23 Sold $15,000 -20.6% --
06/26/2023 06/26/23 Pending -- -- --
06/23/2023 06/23/23 For Sale $18,900 +26.0% --
08/23/2022 08/23/22 Sold $15,000 0.0% --
08/23/2022 08/23/22 For Sale $15,000 -- --
07/20/2022 07/20/22 Pending -- -- --
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
2023 $160 $12,000 $12,000 $0
2022 $95 $7,000 $7,000 $0
2021 $37 $2,500 $2,500 $0
2020 $37 $2,500 $2,500 $0
2018 $37 $2,500 $2,500 $0
2017 $58 $4,000 $0 $0
2016 $59 $3,993 $0 $0
2015 $58 $3,630 $0 $0
2014 $53 $3,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Stellar MLS

MLS Number: T3454593

Stellar MLS

APN: 30-31-07-994050-020214