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Lake Alfred 33850 Magnolia Ridge
1127 Maplebrook DRIVE
$285,000
● House - Off Market

1127 Maplebrook DRIVE

LAKE ALFRED, FL 33850
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,719 Ft²
$1,921
Est. Monthly
$78
HOA / Fees
6.20%
Cap Rate

About This Property

Welcome Home to Magnolia Ridge, a much sought out area in Lake Alfred Florida. 3BD/2BA HOME IN BEAUTIFUL COMMUNITY OF MAGNOLIA RIDGE situated in a cul-de-sac. BRAND NEW AIR CONDITIONING UNIT. Perfect open Floor plan consists of a tiled foyer that leads into the large living area, a spacious kitchen, split bedrooms and an inside laundry room. Recessed lighting throughout.  The kitchen features an eat-in area, breakfast bar, closet pantry and a complete kitchen appliance package. Master bedroom offers a walk-in closet and master bath with dual sinks, garden tub and tiled walk-in shower. Second and third bedrooms are spacious in size and offer ample closet space. Perfect location just miles off of I-4 and directly centered between Orlando and Tampa for a convenient commute.  All measurements should be verified.
Unit Size
1,719 Ft²
Days on Market
72 days
Land Size
0.19 acres
Price per sqft
$180
Property Type
House
Property Taxes
$321
HOA Dues
$78
Year Built
2008

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (Stellar MLS #O6145950)

Price History

Date / Event Date Event Price
Dec 15, 2023 Sold
Premium
Sold
Oct 3, 2023 In contract -
In contract
Sep 30, 2023 Listed by JC FLORIDA REALTY LLC $309,900
Listed by JC FLORIDA REALTY LLC
Sep 25, 2008 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2008
  • Effective Year Built: 2008
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 28
  • Exterior Walls Type: 12
  • Interior Walls Type: 3
  • Roof Shape Type: 8
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Patio Type: 5
  • Porch Type: 63
  • Pool Type: 0
  • Location Influence Type: 172

    Dimensions

  • Lot Size Square Feet: 8,133
  • Total Building Area: 2,119
  • Gross Building Area: 2,119
  • Building Area: 1,719
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,719
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAGNOLIA RIDGE
  • Land Acres: 0000000187
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 001
  • Legal Description 1: MAGNOLIA RIDGE PB 141 PGS 7-11 LOT 35

Neighborhood

  • School District Name: Polk County School District
  • Census Tract: 012900

Geography

  • Assessors Map Reference: Jan 01, 1970
  • Subdivision Tract Number: 496503
  • Parcel: 26-27-29-496503-000350
  • Lot: 35
  • Meridian: SEC 29 TWN 27S RNG 26E
  • Municipality: LAKE ALFRED/SWFWMD/LAKE REGION
  • Latitude: 28.1052
  • Longitude: -81.7221

    Address

  • Full Address: 1127 Maplebrook Dr
  • Address - House Number: 1127
  • Address - Street Name: Maplebrook
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Lake Alfred
  • Carrier Code: C003
  • 4-Digit Zip Code: 2050
  • Zip Code: 33850

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $385,268
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 92440

    Appraisal Valuation

  • Standard Deviation: 0.0965
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 91
  • Final Value: 307,445
  • High Value: 337,133
  • Low Value: 277,757

    Market Valuation

  • Market Total Value: $223,632
  • Market Land Value: $35,000
  • Market Improvement Value: $188,632

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $182,892

    Sales

  • Current Sale Contract Date: Dec 11, 2023
  • Current Sale Recording Date: Dec 15, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 292621
  • Previous Sale Recording Date: Sep 25, 2008
  • Previous Sale Contract Date: Sep 19, 2008
  • Previous Sale Amount: $147,300
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Magnolia Ridge

Stats & Trends

Median Asking:

$325,000

Sale Price/ft²

$148

Below Asking

0.03%

Average Days on Market

105

Average Home Size

2199 ft²

Average Home Age

10.5 years

Currently For Sale

2 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 3480 Chinotto, LAKE ALFRED, FL, 33850

$2,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,487 ft²
3480 Chinotto, LAKE ALFRED, FL, 33850 Listing by Gloria Mejia

Rentals Near You

Click here to view more rentals in the neighborhood.
STELLAR

Listed by: Cheryl Rozanski
JC FLORIDA REALTY LLC
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# O6145950
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. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 1127 Maplebrook Drive built and last sold?
The property at 1127 Maplebrook Drive was built in 2008 and last sold on Dec 11, 2023 for $285,000.
How much is this home worth?
The estimated value of the home located at 1127 Maplebrook Drive is $0.
What are some comparable homes to 1127 Maplebrook Drive?
There are currently no comparable homes to 1127 Maplebrook Drive.
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