NOT LISTED FOR SALE

8740 Cherry Lake Rd Groveland, FL 34736

Estimated Value: $647,722 - $702,000

9.68 Acres
$69,717 Price per Acre
421,661 Sq Ft Lot

Last Sold January 31, 2019

Last sale price $400,000

Est. 69% increase in value since last sale

Current estimated payment $3,826/month

558 Days on Market

Highlights

  • 370 Feet of Waterfront
  • No HOA
  • Zoned For Horses
  • Chain Of Lake Views
  • Pasture
  • Gentle Sloping Lot

About This Lot

As of January 2019

Owner financing 15% down balance over 30 years at 5.5% interest!! $2000 per month.
Fenced in pasture facing Cherry Lake. Beautiful sloping land down to the lake.
In the City of Groveland. Zoned A-3
Sign on Property. Drive by take a look.

Last Agent to Sell the Property

Joe Townsend

License #323212 Listed on: 04/04/2017

Last Buyer's Agent

Seth Richard

RICHLAND PROPERTIES License #648779

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,212

Lot Details

  • 9.68 Acre Lot
  • Lot Dimensions are 300x1320
  • 370 Feet of Waterfront
  • Property fronts a lake that is connected to a chain of lakes
  • Property fronts a county road
  • Gentle Sloping Lot
  • Property is zoned R-3

Additional Features

  • Chain Of Lake Views
  • City Lot
  • Pasture
  • Zoned For Horses

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 04-22-25-000100000200

Community Details

Overview

  • No Home Owners Association
  • Acreage & Unrec Subdivision

Recreation

  • Access To Chain Of Lakes

Property Details

Property Type

Land

Est. Annual Taxes

$1,212

Lot Details

0

Listing Details

  • Property Type: Land
  • Lot Size Acres: 9.68
  • Lot Size Sq Ft: 421661
  • Directions to Property: From Clermont drive North on 27 to Lake Minneola Shores. Turn Left and go to Jalaramy Road and turn right. Go to Cherry Lake Road and turn left. property down on the Left and Right on Lake Cherry. See Sign.
  • Status: Sold
  • Total Acreage: 5 to less than 10
  • Home Warranty Y N: No
  • Ratio: Close Price\List Price: 1
  • Price per Sq Ft: 0.95
  • Close to Original List Price Ratio: 1.01266
  • View: Yes
  • Ownership: Fee Simple
  • Tax Year: 2017
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Interior Features

  • Street Number Modifier: 8740

Exterior Features

  • Road Frontage Type: County Road
  • View: Water
  • Water Body Name: Chain Of Lakes
  • Waterfront: Yes
  • Road Surface Type: Paved
  • Water View: Lake - Chain of Lakes
  • Water Access: Lake - Chain of Lakes
  • Water View Y N: Yes
  • Front Footage: 370
  • Water Access Y N: Yes
  • Water Extras Y N: No
  • Flood Zone Panel: 12069C0560E
  • Waterfront Frontage: 370
  • Water Frontage Feet Lake Chain: 370

Garage/Parking

  • Open Parking: No

Utilities

  • Utilities: Electricity Available
  • Cooling Y N: No
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Association Fee Requirement: None

Lot Info

  • Zoning: R-3
  • Parcel Number: 04-22-25-000100000200
  • Additional Parcels: No
  • Current Use: Residential
  • Lot Features: Gentle Sloping, City Lot, Pasture, Zoned for Horses
  • Lot Dimensions: 300x1320
  • Millage Rate: 18.75
  • Price Per Acre: 41322
  • Flood Zone Code: AE
  • Flood Zone Date: 2012-12-18
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • For Lease Y N: No

Tax Info

  • Tax Annual Amount: 1212
  • Tax Block: 000
  • Tax Book Number: 4660/628
  • Tax Lot: 1

Multi Family

  • Waterfront Features: Lake - Chain of Lakes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2017
Closed on
Jan 27, 2019
Sold by
Allehidan Mohammed
Bought by
Egybros Llc
Seller's Agent
Joe Townsend
Buyer's Agent
Seth Richard
RICHLAND PROPERTIES
List Price
$395,000
Sold Price
$400,000
Premium/Discount to List
$5,000
1.27%
Current Estimated Value
$674,861

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$274,861
Avg. Annual Appreciation
8.27%
Original Mortgage
$340,000
Outstanding Balance
$299,520
Interest Rate
4.5%
Mortgage Type
Seller Take Back
Estimated Equity
$375,341

Purchase Details

Listed on
Apr 4, 2017
Closed on
Jan 17, 2019
Sold by
Schoenberger Roger J and Schoenberger Roger J
Bought by
Allehidan Mohammed
Seller's Agent
Joe Townsend
Buyer's Agent
Seth Richard
RICHLAND PROPERTIES
List Price
$395,000
Sold Price
$400,000
Premium/Discount to List
$5,000
1.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Outstanding Balance
$299,520
Interest Rate
4.5%
Mortgage Type
Seller Take Back
Estimated Equity
$375,341

Purchase Details

Listed on
May 12, 2014
Closed on
Jul 22, 2015
Sold by
Schoenberger Roger J and Schoenberger Gail W
Bought by
Allehidan Mohammed
Seller's Agent
Victoria Winn
COLDWELL BANKER HUBBARD HANSEN
Buyer's Agent
Joe Townsend
List Price
$329,000
Sold Price
$300,000
Premium/Discount to List
-$29,000
-8.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.49%

Purchase Details

Listed on
May 12, 2014
Closed on
Jun 8, 2015
Sold by
Schoenberger Roger J and Schoenberger Gail W
Bought by
Schoenberger Roger J and Schoenberger Gail W
Seller's Agent
Victoria Winn
COLDWELL BANKER HUBBARD HANSEN
Buyer's Agent
Joe Townsend
List Price
$329,000
Sold Price
$300,000
Premium/Discount to List
-$29,000
-8.81%

Purchase Details

Closed on
Jan 18, 2005
Sold by
Martin Ralph H
Bought by
Vanica Properties Llc

Purchase Details

Closed on
Dec 10, 2004
Sold by
Martin Ralph H
Bought by
Vanica Properties Llc

Purchase Details

Closed on
Dec 8, 2004
Sold by
Martin Ralph H
Bought by
Schoenberger Roger G and Schoenberger Frances H

Purchase Details

Closed on
Dec 2, 2004
Sold by
Schoenberger Roger G and Schoenberger Frances H
Bought by
Martin Ralph H

Purchase Details

Closed on
Apr 29, 2004
Sold by
Schoenberger Roger G and Schoenberger Frances H
Bought by
Schoenberger Roger G and Schoenberger Frances H

Purchase Details

Closed on
Jan 9, 2004
Sold by
Schoenberger Roger G
Bought by
Schoenberger Roger G and Schoenberger Frances H

Purchase Details

Closed on
Jun 28, 1999
Sold by
Schoenberger Roger G
Bought by
Schoenberger Roger G and Schoenberger Frances H
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Egybros Llc -- Attorney
Allehidan Mohammed -- Attorney
Allehidan Mohammed $300,000 Attorney
Schoenberger Roger J -- Attorney
Vanica Properties Llc -- --
Vanica Properties Llc $399,000 --
Schoenberger Roger G -- --
Martin Ralph H -- --
Schoenberger Roger G -- --
Schoenberger Roger G -- --
Schoenberger Roger G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Egybros Llc $340,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2019 01/31/19 Sold $400,000 0.0% --
10/15/2018 10/15/18 Pending -- -- --
07/25/2018 07/25/18 Price Changed $400,000 +14.6% --
09/27/2017 09/27/17 Price Changed $349,000 -2.8% --
08/19/2017 08/19/17 Price Changed $359,000 -9.1% --
04/04/2017 04/04/17 For Sale $395,000 +31.7% --
01/12/2017 01/12/17 Off Market $300,000 -- --
07/23/2015 07/23/15 Sold $300,000 0.0% $600 / Sq Ft
06/17/2015 06/17/15 Pending -- -- --
06/12/2015 06/12/15 Price Changed $300,000 -8.8% $600 / Sq Ft
03/17/2015 03/17/15 For Sale $329,000 +9.7% $658 / Sq Ft
03/08/2015 03/08/15 Off Market $300,000 -- --
08/27/2014 08/27/14 Price Changed $329,000 -17.5% $658 / Sq Ft
05/12/2014 05/12/14 For Sale $399,000 -- $798 / 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 $1,875 $105,508 -- --
2024 $1,875 $105,508 -- --
2023 $1,875 $105,508 $0 $0
2022 $1,851 $105,508 $0 $0
2021 $1,893 $105,508 $0 $0
2020 $5,469 $302,634 $0 $0
2019 $1,222 $64,628 $0 $0
2018 $1,206 $64,628 $0 $0
2017 $1,212 $64,628 $0 $0
2016 $1,811 $92,933 $0 $0
2015 $1,184 $57,928 $0 $0
2014 $1,270 $61,730 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2019

    Joe Townsend

    Section Image

  • S

    Buyer's Agent in 2019

    Seth Richard

    RICHLAND PROPERTIES

    (352) 267-0794

    17 Total Sales

    Seth Richard
    Section Image
  • Victoria Winn

    Seller's Agent in 2015

    Victoria Winn

    COLDWELL BANKER HUBBARD HANSEN

    (352) 394-4031

    20 Total Sales

    Victoria Winn
    Section Image
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Map

Source: Stellar MLS

MLS Number: O5497589

Stellar MLS

APN: 04-22-25-0001-000-00200

Florida Lake County Groveland 34736

8740 Cherry Lake Rd, Groveland, FL

This home is located at 8740 Cherry Lake Rd, Groveland, FL 34736 since 04 April 2017 and is currently estimated at $674,861. 8740 Cherry Lake Rd is a home located in Lake County with nearby schools including Groveland Elementary School and Gray 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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