NOT LISTED FOR SALE

Estimated Value: $586,000 - $737,000

3 Beds
4 Baths
2,784 Sq Ft
$236/Sq Ft Est. Value

Last Sold November 23, 2021

Last sale price $580,000 $208 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $3,984/month

39 Days on Market

Highlights

  • The property is located in a historic district
  • No HOA
  • Bar Fridge
  • Wood Flooring
  • Covered Patio or Porch
  • 4-minute walk to Donnelly Park

About This Home

As of November 2021

Mount Dora Historic District Quadraplex!! Zoned Multi Family Residential. Located just a few blocks from downtown on a quiet one way street with walking/biking trail. This quintessential Cottage style property offers 4 fully equipped rental units. Lots of possibilities to rent long or short term and/or live in one of the units while renting the others. Garden Unit- This spacious 700 square feet +/- ground floor Unit has plenty to offer. The beautifully finished heart of pine floors and screened-in front porch make you feel at home the moment you walk in. It features two bedrooms with Queen Beds. The well sized living room contains a Flat Screen TV with DVD Player and a queen sized sleeper sofa for extra guests (The furnishings convey a warm southern style ambiance. The kitchen is fully equipped for cooking with a range/oven, refrigerator, microwave and coffee maker. The bathroom has a large walk-in shower. The Garden has Central heat & air and plenty of ceiling fans throughout.The Hideaway is a 1 Bedroom Second Floor, Loft-Style (sleeps 2) unit. This cozy 500 +/-square foot unit overlooks Tremain Street in the front and the courtyard in the back. Tucked away in the tops of the Oak Trees you will truly feel "hidden away". The romantic gabled ceilings with summer blue and yellow colors invoke a "Thomas Kinkade" feeling. Separate bedroom with a King Bed (may be separated into Twin beds for added convenience), full kitchenette, living room, and a private bathroom with shower will make a cozy visit for your guests. The Nantucket-1 Bedroom Ground Floor (can sleep 3). This studio style 550 _+/-square foot unit has a King Bed, which can be converted into 2 twin beds for extra convenience. Flat Screen TV with DVD Player and central heat & air will make the cottage extra cozy when the weather is less than perfect. The Nantucket has nautical décor with blue, red and beige accents. It has a private reading room with a seating area containing a twin sofa bed. The kitchen is equipped with refrigerator, oven/range, microwave, coffee maker and has a back door opening onto a private deck for outdoor enjoyment. The bathroom has a bathtub and shower. The Rendezvous- 1 Bedroom Second Floor Unit (sleeps 2) to 500 +/- square feet studio style unit overlooks the courtyard. Beautiful French toile décor, queen size bed with built-in drawers, gorgeous heart of pine floors, chaise lounge, private reading area with chair and ottoman, romantic clawfoot tub with full European Style hardware and shower all add to the charm and elegance of this cozy unit. The Rendezvous has a TV, fully equipped kitchenette, central heat & air and tons of charm.Just a block from everything the quaint village has to offer with shops, restaurants, art galleries, waterfront docks and parks. Sold TURN KEY.

Last Agent to Sell the Property

Michele Lowe

DAVE LOWE REALTY, INC. License #703743 Listed on: 09/12/2021

Last Buyer's Agent

Christopher Grenier

ELEGANT REALTY LLC License #3251483

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,266

Year Built

  • Built in 1947

Lot Details

  • 5,814

Parking

  • Open Parking

Home Design

  • Quadruplex
  • Studio
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding
  • Block Exterior

Interior Spaces

  • 2,784 Sq Ft Home
  • Bar Fridge
  • Ceiling Fan
  • Window Treatments
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Range with Range Hood
  • Microwave

Flooring

  • Wood
  • Tile

Laundry

  • Laundry Located Outside
  • Dryer
  • Washer

Location

  • The property is located in a historic district
  • City Lot

Utilities

  • Cooling System Mounted To A Wall/Window
  • Zoned Heating and Cooling
  • Heating System Mounted To A Wall or Window
  • Cable TV Available

Additional Features

  • Covered Patio or Porch
  • 5,814 Sq Ft Lot

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units
  • Mount Dora Subdivision
  • Rental Restrictions

Building Details

  • Gross Income $73,029

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,266

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Construction Materials: Block, Wood Frame, Wood Siding
  • Fireplace: No
  • Living Area: 2784
  • Lot Size Acres: 0.13
  • New Construction: No
  • Year Built: 1947
  • Lot Size Sq Ft: 5814
  • Status: Sold
  • Street Direction: N
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/G5046598?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/G5046598?w=Customer
  • Unit Count: 4
  • Homestead Y N: No
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Property Description: Studio/Efficiency
  • Ratio: Close Price\List Price: 0.85926
  • Price per Sq Ft: 208.33
  • Close to Original List Price Ratio: 0.85926
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2020
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Tile, Hardwood
  • Interior Amenities: Ceiling Fans(s), Eating Space In Kitchen, Window Treatments
  • Appliances Included: Bar Fridge, Dryer, Microwave, Range, Range Hood, Refrigerator, Washer
  • Foundation Details: Crawlspace, Slab
  • Number Of Buildings: 2

Exterior Features

  • Exterior Features: Sidewalk
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Patio and Porch Features: Covered, Front Porch, Screened
  • Road Surface Type: Paved
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Flood Zone Panel: 12069C0367E
  • Disclosures: Lead Paint, Seller Property Disclosure

Garage/Parking

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

Utilities

  • Utilities: Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected
  • Cooling: Central Air, Wall/Window Unit(s), Zoned
  • Heating: Central, Electric, Wall Units / Window Unit
  • Laundry Features: Outside
  • 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-3
  • Parcel Number: 29-19-27-0010-049-00003
  • Additional Parcels: No
  • Lot Features: Historic District, City Lot
  • Flood Zone Code: X
  • Flood Zone Date: 2012-12-18

Rental Info

  • Minimum Lease: 1-7 Days
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: Refer to City Restrictions

Multi Family

  • Gross Income: 73029
  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 4266
  • Tax Block: 049
  • Tax Book Number: 3-37-43
  • Tax Lot: 000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 26, 2022
Sold by
Nicholas Thompson
Bought by
Tnt Props Llc
Current Estimated Value
$655,867

Purchase Details

Listed on
Sep 12, 2021
Closed on
Nov 22, 2021
Sold by
Tuttle James B and Tuttle Ana E
Bought by
Thompson Nicholas
Seller's Agent
Michele Lowe
DAVE LOWE REALTY, INC.
Buyer's Agent
Christopher Grenier
ELEGANT REALTY LLC
List Price
$675,000
Sold Price
$580,000
Premium/Discount to List
-$95,000
-14.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.06%
Original Mortgage
$412,500
Interest Rate
3.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 30, 2012
Sold by
Lucas Rachelle and Young Brian E
Bought by
Tuttle James D and Tuttle Ana E

Purchase Details

Closed on
Aug 30, 2005
Sold by
Justo Alexis W
Bought by
Lucas Rachelle and Young Brian E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,000
Interest Rate
5.77%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 31, 2004
Sold by
Pierce Larry and Denise Pierce M
Bought by
Justo Alexis W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$278,400
Interest Rate
8%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 10, 1997
Sold by
Rice Roger and Kirk Vernie Jane
Bought by
Phillips Howard R and Eshelman Nancy S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,000
Interest Rate
7.55%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Tnt Props Llc -- Rudzinski Llp
Thompson Nicholas $580,000 Attorney
Tuttle James D $105,000 Liberty Title Company
Lucas Rachelle $450,000 Keystone Title & Escrow Inc
Justo Alexis W $348,000 --
Phillips Howard R $80,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Thompson Nicholas $412,500
Previous Owner Lucas Rachelle $359,000
Previous Owner Justo Alexis W $278,400
Previous Owner Phillips Howard R $46,000
Closed Justo Alexis W $69,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/23/2021 11/23/21 Sold $580,000 -14.1% $208 / Sq Ft
10/07/2021 10/07/21 Pending -- -- --
08/29/2021 08/29/21 For Sale $675,000 -- $242 / 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
2026 $6,440 $297,392 $37,210 $260,182
2025 $6,145 $296,546 $37,210 $259,336
2024 $6,145 $296,546 $37,210 $259,336
2023 $6,145 $288,814 $37,210 $251,604
2022 $5,565 $251,479 $37,210 $214,269
2021 $4,253 $191,856 $0 $0
2020 $4,266 $191,856 $0 $0
2019 $4,164 $191,856 $0 $0
2018 $3,560 $133,546 $0 $0
2017 $2,893 $133,546 $0 $0
2016 $2,891 $133,546 $0 $0
2015 $2,918 $131,427 $0 $0
2014 $2,697 $129,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: Stellar MLS

MLS Number: G5046598

Stellar MLS

APN: 29-19-27-0010-049-00003