NOT LISTED FOR SALE

7616 Spring Bay Cove Unit 3 Orlando, FL 32819

Dr. Phillips Neighborhood

Estimated Value: $469,000 - $545,000

3 Beds
2 Baths
1,773 Sq Ft
$550/mo HOA Fee

Last Sold June 07, 2019

Last sale price $311,500 $176 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $3,736/month

35 Days on Market

Highlights

  • 300 Feet of Waterfront
  • Gated Community
  • Open Floorplan
  • Dr. Phillips Elementary School Rated A-
  • Lake View
  • Family Room with Fireplace

About This Home

As of June 2019

If you've ever wanted to wake up every morning to a beautiful lakefront view now is your chance! This 3 Bed, 2 Bath custom villa is nestled in a peaceful enclave among 14 private water front units. A spiral staircase leads to a loft that features a king size bed and an elevated view of the lake. Vaulted ceilings, Travertine floors and a finished brick wall add an Old World charm to the unit. The kitchen features granite countertops and raised panel cabinetry. The front of the villa has a manicured courtyard, perfect for taking in the morning sun. An enclosed 3 Seasons Patio gives you a prime view of Spring Lake, and there is even room behind the patio to enjoy the natural surroundings up-close. This villa makes for an excellent primary or secondary home... perfect for individuals looking for both privacy and lifestyle options. Owners will be treated to a gorgeous view of Orlando's bustling attractions area while still maintaining a feel of solitude. Just down the road are various options for entertainment and dining including Restaurant Row, Pointe Orlando, and Universal Orlando. Walt Disney World is just minutes away since you will have easy access to I-4.

Last Agent to Sell the Property

Tony Marino

REAL LIVING R E SOLUTIONS License #686495 Listed on: 03/29/2019

REAL LIVING R E SOLUTIONS

Co-Listed By

Carol and Tony Marino

REAL LIVING R E SOLUTIONS License #669565

Last Buyer's Agent

Tony Marino

REAL LIVING R E SOLUTIONS License #686495 Listed on: 03/29/2019

REAL LIVING R E SOLUTIONS

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,686

Year Built

  • Built in 1985

Lot Details

  • 300 Feet of Waterfront
  • Lake Front
  • Property fronts a private road
  • North Facing Home
  • Mature Landscaping
  • Irrigation
  • Landscaped with Trees

HOA Fees

  • $550 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Tile Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,773 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Crown Molding
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • French Doors
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Loft
  • Inside Utility
  • Lake Views

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Wood
  • Carpet
  • Travertine

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Enclosed Patio or Porch

Schools

  • Dr. Phillips Elementary School
  • Southwest Middle School
  • Dr. Phillips High School

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include community pool, ground maintenance
  • Srk Residential Communities / Stephen Klosterman Association, Phone Number (407) 992-8808
  • Visit Association Website
  • Spring Bay Villas Condo Ph 03 Subdivision
  • The community has rules related to deed restrictions
  • Rental Restrictions

Recreation

  • Community Pool

Pet Policy

  • Pets up to 60 lbs
  • 2 Pets Allowed

Security

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,686

Year Built

Built in 1985

Lot Details

0

HOA Fees

$550 per month

Listing Details

  • HOA Fee Includes: Community Pool, Maintenance Grounds
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Block, Stucco
  • Fireplace: Yes
  • Living Area: 1773
  • New Construction: No
  • Year Built: 1985
  • Building Area Total: 1875
  • Directions to Property: From Dr. Phillips Blvd., turn on Harlie St., then a right on to Mabel Louise Ln., and continue until you approach the Spring Bay Gate.
  • Status: Sold
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=O5773414&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=O5773414&cview=true&show_results=true&customer_portal=true
  • Floor Number: 1
  • Homestead Y N: No
  • Number Of Pets: 2
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.89255
  • Price per Sq Ft: 175.69
  • Close to Original List Price Ratio: 0.89255
  • Ratio: Current Price\Building Area Total: 166.13
  • View: Yes
  • Co List Office Mls Id: 50279
  • Co List Office Phone: 407-253-1377
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2018
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Family Room, Wood Burning
  • Living Area Units: Square Feet
  • Flooring: Carpet, Travertine, Hardwood
  • Full Bathrooms: 2
  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fans(s), Crown Molding, Eating Space In Kitchen, Kitchen/Family Room Combo, Master Bedroom Main Floor, Open Floorplan, Solid Wood Cabinets, Stone Counters, Vaulted Ceiling(s)
  • Appliances Included: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: Two
  • Stories: 2
  • Street Number Modifier: 7616
  • Room Count: 6
  • Additional Rooms: Inside Utility, Loft
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Direction Faces: North
  • Exterior Features: French Doors, Irrigation System, Other
  • Roof: Tile
  • Pool Private: No
  • Road Frontage Type: Private Road
  • View: Water
  • Water Body Name: Spring Lake
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Enclosed, Rear Porch
  • Road Surface Type: Paved
  • Water View: Lake
  • Water View Y N: Yes
  • Water Access Y N: No
  • Water Extras Y N: No
  • Waterfront Frontage: 300
  • Water Frontage Feet Lake: 300
  • Disclosures: HOA/PUD/Condo Disclosure, Seller Property Disclosure

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Guest
  • Open Parking: No

Utilities

  • Utilities: Cable Available, Public
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Deed Restrictions, Pool
  • Association Amenities: Gated, Pool
  • Association Name: SRK Residential Communities / Stephen Klosterman
  • Phone: 407-992-8808
  • Association: No
  • Senior Community: No
  • Condo Fees: 550
  • Condo Fees Term: Monthly
  • Association Website: http://www.srkresidentialcommunities.com
  • Association Email: Stephen@SRKResidentialCommunities.com
  • Condo Land Included Y N: No
  • Monthly Condo Fee Amount: 550
  • Association Fee Requirement: None
  • Association Approval Required YN: No

Fee Information

  • Total Annual Fees: 6600
  • Total Monthly Fees: 550

Schools

  • Elementary School: Dr. Phillips Elem
  • High School: Dr. Phillips High
  • Middle Or Junior School: Southwest Middle

Lot Info

  • Zoning: R-3
  • Parcel Number: 28-23-26-8431-00-030
  • Additional Parcels: No
  • Flood Zone Code: x
  • Zoning Compatible Y N: Yes
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes
  • Pet Size: Medium (36-60 Lbs.)
  • Max Pet Weight: 60
  • Minimum Lease: 7 Months
  • Pet Restrictions: See HOA Docs
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: See HOA

Tax Info

  • Tax Annual Amount: 3686
  • Tax Block: 8431/00
  • Tax Book Number: 10372/3195
  • Tax Lot: 30

Multi Family

  • Waterfront Features: Lake

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 13, 2019
Sold by
Spielvogel Mary E
Bought by
Spielvogel Michael R
Current Estimated Value
$517,835

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Outstanding Balance
$199,179
Interest Rate
3.7%
Mortgage Type
Credit Line Revolving
Estimated Equity
$348,888

Purchase Details

Listed on
Mar 29, 2019
Closed on
May 30, 2019
Sold by
Winsor Glenn and Winsor Tammy
Bought by
Spielvogel Michael R
Seller's Agent
Tony Marino
REAL LIVING R E SOLUTIONS
Buyer's Agent
Tony Marino
REAL LIVING R E SOLUTIONS
List Price
$349,000
Sold Price
$311,500
Premium/Discount to List
-$37,500
-10.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.51%

Purchase Details

Closed on
May 3, 2012
Sold by
Myers Dawn Georgette
Bought by
Winsor Glenn and Winsor Tammy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,200
Interest Rate
4.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 31, 2002
Sold by
Hemingway Patricia A
Bought by
Myers Dawn G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,000
Interest Rate
6.01%
Mortgage Type
New Conventional
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
Spielvogel Michael R -- Attorney
Spielvogel Michael R $311,500 Attorney
Winsor Glenn $239,000 American Chartered Title
Myers Dawn G $185,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Spielvogel Michael R $225,000
Previous Owner Winsor Glenn $191,200
Previous Owner Myers Dawn Georgette $30,000
Previous Owner Myers Dawn G $166,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/07/2019 06/07/19 Sold $311,500 -10.7% $176 / Sq Ft
05/03/2019 05/03/19 Pending -- -- --
03/29/2019 03/29/19 For Sale $349,000 -- $197 / 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 $4,379 $271,100 -- $271,100
2024 $4,204 $271,100 -- $271,100
2023 $4,204 $271,100 $54,220 $216,880
2022 $4,216 $271,100 $54,220 $216,880
2021 $3,990 $251,700 $50,340 $201,360
2020 $3,862 $251,700 $50,340 $201,360
2019 $3,670 $225,900 $45,180 $180,720
2018 $3,686 $225,900 $45,180 $180,720
2017 $3,367 $202,400 $40,480 $161,920
2016 $3,234 $193,700 $38,740 $154,960
2015 $2,968 $170,300 $34,060 $136,240
2014 $3,017 $170,300 $34,060 $136,240
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: O5773414

Stellar MLS

APN: 26-2328-8431-00-030